Geothermal just inherited the oil patch workforce #FervoEnergy #GeothermalEnergy

Fervo Energy filed for IPO with 3.65 gigawatts of enhanced geothermal under construction and 42 gigawatts of leased potential across the American West - numbers that would nearly double America's entire installed geothermal capacity. Drilling costs fell 70% between 2022 and 2025, driven by engineers who learned horizontal drilling in shale fields and brought their rigs, techniques, and muscle memory directly into geothermal construction.

Every previous energy transition had to build its workforce from scratch, which is the main reason they took decades. This one is absorbing a skilled labor base whose demand curve is already declining - the oil and gas workforce isn't being replaced, it's being redirected. That structural difference changes the timeline in ways that most energy forecasts haven't priced in yet.

With MISO projecting data centers will consume a quarter of all Midwestern electricity by 2040, the demand signal and the supply capability are converging at the same moment. Fervo's IPO will be the first public pricing of a next-generation geothermal company - and the market's response will tell us whether finance has finally caught up to the energy transition already underway.

Watch the full episode here: https://www.youtube.com/watch?v=19SQrj7Ea5g

Get the full story on all of this and much more - read the full edition of today's Century Report here: https://sharedsapience.com/the-century-report-april-21-2026/

#FervoEnergy #GeothermalEnergy #GeothermalIPO #CenturyReport #DataCenters

Видео Geothermal just inherited the oil patch workforce #FervoEnergy #GeothermalEnergy канала Shared Sapience