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Why geothermal has been a non-starter there for decades.

In 1881, King David Kalakaua of Hawaii and his entourage paid a late evening visit to Thomas Edison in New York. The king was unsure about electricity — he didn’t think the technology was reliable enough to light up Honolulu’s streets just yet — but after marveling at a chandelier buzzing with electric light, the group started bantering about how Hawaii could generate power. What about putting boilers atop a volcano? There was enough energy up there, a companion to the king mused, that it could illuminate the entire United States. He appeared to be joking, but Edison took the notion seriously. Nice idea, he told his visitors, but an undersea cable carrying power to the mainland would be far too expensive.
Honolulu got its new streetlights a few months later — powered, in the end, by a hydroelectric dam. The volcano thought would wait a century longer.
In the 1970s, geologists began drilling into the eastern rift of the Big Island’s Kilauea volcano, resulting, in 1993, in Hawaii’s first geothermal power plant, which is today called the Puna Geothermal Venture, or PGV. The 38-megawatt facility straddles the most active rift of Hawaii’s most active volcano and is, to this day, the state’s only geothermal plant, supplying just 3% of the islands’ energy. That status quo puzzles geothermal advocates elsewhere. The obvious comparison is to a volcanic sibling like Iceland, where the Earth’s radiant heat supplies 25% of the country’s consumer electricity needs and more than 70% of its overall energy.
“It’s been talked about for ages that at some point, Hawaii needs to have a reset on geothermal,” Mark Glick, Hawaii’s Chief Energy Officer, told me. “That time is now.” So far, that reset involves the governor’s office directing discretionary COVID relief funds with the aim of getting an essentially moribund industry off the ground. Five million dollars will go toward a drilling program to explore the geology of promising areas of heat, hopefully with results that encourage potential developers to make their own, bigger investments. Site selection is underway, with Maui and the Big Island at the top of the list, and Glick said local outreach will begin in the next few months.
That the vast underground heat resources of a place like Maui are only now getting even basic attention is “mind-boggling,” Glick said. But it’s also a reflection of decades of turmoil over all things geothermal in the state — clashes with neighbors, toxic incidents, failed dreams of grandiose infrastructure. That has to change, he added, if the state is serious about ditching its dirtiest forms of power generation quickly. Hawaii has committed to reaching a 100% clean energy portfolio by 2045, but was still producing as much as 80% of its electricity from burning petroleum by last year.
Like other states endowed with abundant heat, Hawaii was previously inspired to consider geothermal energy during the 1970s oil crisis. The state was dependent on imported fuel, and the regularly lava-spewing Kilauea, in particular, looked like “a no-brainer” for geothermal development, explains Roland Horne, director of the Stanford Geothermal Program and a noted historian of the industry.
Hawaii’s problem is that, in addition to being an island chain, it’s also a chain of separate electric grids. With no power lines connecting the Big Island — home to 14% percent of the state’s population — to any others, Kilauea’s energy was marooned. Initially, the state imagined unifying its disparate grids in parallel with geothermal development. But Edison, it turns out, was right about undersea cables, even relatively short ones. After a decade of planning and testing that included laying prototype wires across the 6,100-feet deep, 30-mile wide ‘Alenuihaha Channel between the Big Island and Maui found that such a project was technically feasible but would be far too expensive.
Meanwhile, oil prices fell, and so did interest in hunting for hot rock elsewhere. Although a statewide survey that began in the 1970s found most of the islands could harbor geothermal resources — even older, geologically colder islands like Oahu and even Kauai — nobody followed up. “It led to almost nothing for three decades,” said Nicole Lautze, a geologist at the University of Hawaii-Manoa who is overseeing the state’s current exploratory projects. Instead, the state remained dependent on imported oil.
Other problems were more island-specific. Drilling into an active volcano is fairly unusual for geothermal prospectors and presents unique challenges, given the proximity of lava and abundance of toxic gasses. The work on Kilauea was controversial from the start, with nearby residents and Native Hawaiian spiritual practitioners calling the project not just unsafe but sacrilegious. A release of hydrogen sulfide during construction in 1991 only added to the controversy.
Toxic emissions, including sulfur, from geothermal facilities are generally minuscule compared with fossil fuel plants—and part of the everyday dangers of living on a volcanic slope, Horne told me. “They were coming out of the ground long before Puna was ever built,” he said. But PGV’s reputation as a danger to the community was hard to shake. When geothermal has made headlines in the state over the years since, the story has generally been PGV’s uneasy relationship with the volcano — most notably during Kilauea’s 2018 eruption, during which the plant was totally surrounded by lava flows. Neighbors remained fiercely opposed to the plant when it reopened two years later.
In 2014, when Lautze was tapped for a new survey of that state’s geothermal resources, the word “geothermal” was so taboo that she was reluctant to tell anyone locally her line of work. But she had funding from the U.S. Department of Energy, thanks to the federal government’s resurgent interest in geothermal as a source of clean, firm energy. Popular perception in Hawaii held that the Earth’s heat could only be tapped on the Big Island, where magma was breaching the surface, but Lautze was intrigued by the possibility of finding resources on islands that are less geologically volatile and home to more people. She set about developing new simulations for subsurface heat across the state, followed by on-the-ground experiments.
On islands like Lanai and Maui, Lautze said her team received a warmer welcome than expected. Certain benefits of geothermal had become much more clear amidst the state’s rush to adopt renewable energy — among them, that geothermal power would take a fraction of the land required to produce the same electricity from wind turbines or solar panels, in addition to providing continuous power, regardless of the weather. “Hawaii is realizing that they’re not going to get to 100 percent renewable from solar and wind alone,” said Lautze. Plus, she added, “the cost of energy is going up and up and up.”
The next step toward tapping that heat is what’s known as “slim hole” drilling, using bits less than 7 inches wide to descend more than a kilometer down. Even promising hotspots can be duds, and developers are often hesitant even in well-mapped places, which Hawaii isn’t. Before the state tries to sell geothermal companies on the idea of coming to Hawaii, officials want to be sure of what they’re selling. “There’s an absolute dearth of information on the volcanically older islands,” Lautze said.
Mike Kaleikini, head of Hawaii affairs for Ormat, which owns PGV, told me he’s been heartened to see the state turning its attention to basic research. Developers could very well get excited about places like Maui, he said, with some initial exploration already done and if they feel they can navigate permitting and potential concerns from the public. “Hawaii is not the easiest place to do business,” he added.
Among the better prospects for new development is on Big Island land owned by the Department of Hawaiian Home Lands, an agency that works to redistribute homes and land to Native Hawaiians. Located on the more docile slopes of Mauna Kea, the project’s backers say it could both power DHHL’s housing developments and generate royalties that help finance more home building.
Whatever heat developers strike there will remain marooned on the Big Island, at least for now. Channeling the dream of near-endless volcanic energy, Glick’s office proposed tying the Big Island’s geothermal production to a regional hydrogen hub so that the energy could be shipped offshore, but the DOE ultimately passed on funding the plan. Lautze still dreams of wires strung across the unruly Hawaiian channels. People still talk about the idea, she noted, even if it elicits smirks and eyerolls from people who lived through its past failures. The state is still a far cry from achieving the king’s dream. But the only way to get there is to start drilling.
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The new vehicle — with a price tag just shy of $30,000, all in — represents the storied U.S. automaker’s big swing at winning entry-level buyers.
Ford’s electric moonshot, the mid-size pickup truck that would get it back into the EV race, finally has a name: Fathom.
The Detroit giant announced the name of its long-anticipated, highly mysterious vehicle on Thursday, alongside its price and some of its specs. The Ford Fathom will cost $28,350, not including delivery and destination fees that take its price right up to the 30-grand mark — $29,945, to be precise. Ford says it will start taking reservations early next year and deliver the first pickups later in 2027.
We don’t yet know the battery range or, crucially, what it’ll look like, as Ford is holding back the visual reveal. What we can say is that, as a mid-size pickup, the Fathom should be around the size of the gas-powered Ford Maverick, which has a near-identical starting price. Without getting into dimensions, Ford promises it will have more passenger volume than Toyota’s ubiquitous RAV4 SUV, with a frunk and a truck bed to boot.
Ford says every Fathom will be BlueCruise-capable, referencing the company’s hand-free driving assistant for highway travel. Fathom will also feature bi-directional power capability, enabling the battery to double as home energy storage, as well as embedded Apple Maps on its large touchscreen. Importantly, it will retain compatibility with Apple CarPlay and Android Auto, which has become a dealbreak for many drivers.
Fathom will be the first EV produced on Ford’s Universal EV Platform, the technology setup that has been under development at the company’s skunkworks operation in Long Beach, California. I visited there this spring to see the team that was, far from the glare of the suits in Detroit, trying to reinvent the company’s EV manufacturing strategies so it could make better and more affordable electric cars. Even then, though, I couldn’t get a look at the Fathom — or any other car designs that may or may not be under way there, as they were all still under wraps.
The skunkworks project is all about process. Ford was losing billions on its previous generation of EVs, led by the Ford F-150 Lightning and Mustang Mach-E, despite the relatively high sticker price of those cars. Engineers tried to mimic some of the stripped-down, iterative strategies of smaller firms and startups — such as stripping miles of wiring out of the vehicles — to work faster and simplify manufacturing, thereby cutting costs.
That work has allowed Ford to start the Fathom at effectively $30,000, placing it smack within the range of America’s most affordable electric vehicles. Its most obvious competitor would be the Slate EV truck, which has just begun to take reservations. Slate starts at about $25,000, but that price gets you a bare-bones pickup with roll-up windows and a plain gray exterior. Add enough a la carte features to make the truck technologically competitive with something like the Fathom and it, too, would cost around $30,000.
At the price, the Ford Fathom is also directly competitive with entry-level EVs like the new Chevy Bolt and Nissan Leaf. But as a mid-sized truck, Fathom would be more spacious and practical than a vehicle like a Bolt, while coming in well below the $35,000 starting cost of a bigger crossover like the Chevy Equinox EV.
Ford, in its announcement, ruminated on the meanings behind the “Fathom” moniker. The company wanted its crucial new EV to have a name, not an alphanumeric code like the Ford F-150. Fathom was chosen because of its twin meanings: the classical unit of measure for water depth, and the verb meaning to deeply and fully understand something.
The implication is that the Fathom EV is meant to comprehend the customer and what they want out of an electric truck. How Ford’s pickup measures up to their aspirations depends greatly on details about this vehicle that are not yet known. But just putting out a battery-powered pickup truck for under $30,000 is a great start.
Current conditions: The heat dome in the American Southwest is worsening, with temperatures in Phoenix set to climb as high as 110 degrees Fahrenheit • The wildfires in Greece have killed at least five people as thermometers in Athens near the triple digits • Sri Lanka’s sprawling capital of Colombo is in the midst of a week of intense thunderstorms.
The Department of Defense halted reviews of onshore wind projects in May on national security grounds, a move that my colleague Jael Holzman described at the time as “extrajudicial” and that would ultimately “murder an American industry.” Now the judiciary is getting involved. On Tuesday, U.S. District Judge Karin Immergut, a Trump appointee, indicated that she would likely find in favor of a coalition of renewable energy groups that sued the Trump administration to restart reviews. At the start of a two-hour hearing, Courthouse News Service reported from the federal courthouse in Portland, Oregon, Immergut said there was “strong evidence the government had violated statutory and regulatory deadlines” when the Pentagon stopped carrying out routine reviews needed to progress federal permits for wind turbines to the Federal Aviation Administration.

The Trump administration is preparing to impose new tariffs and minimum import prices on polysilicon in a bid to prop up a domestic supply chain for the primary ingredient in semiconductors and solar panels. The decision, due out after the market closes today, will set a tariff of at least 15% on imported polysilicon and set baseline prices for each component in the supply chain, from the raw material derived from purified quartz to solar wafers, cells, and modules, sources familiar with talks told me, confirming broad details first reported by Reuters and Bloomberg. The Department of Commerce plans to delay implementation to allow domestic manufacturers that rely on imported components time to adjust, and provide offsets to companies that make major investments in the U.S. The policy will serve as a key lifeline to solar manufacturers, who lost one of their main incentives to buy made-in-America panels when the investment and production tax credits for solar effectively ended last month. But industry sources told me that the new trade restrictions would likely fall short of incentivizing new manufacturing, and would require more support on the demand side. The dynamic mirrors what my colleague Matthew Zeitlin called the “paradox of Trump’s critical mineral crusade,” whereby the administration pulled out all the stops to boost mining of rare earths and lithium while eliminating the landmark electric vehicle tax credit that ensured a domestic market for those metals.
It’s hardly the only protectionism the Commerce Department is attempting this month. On Thursday, the agency plans to publish a temporary final rule that would block exports of battery scraps and tungsten waste without a special waiver from the Bureau of Industry and Security. Producers of the materials, E&E News reported, would be required to sell in the U.S. for one year. The move comes a week after President Donald Trump signed a memo blocking exports of mineral-rich waste as the White House seeks to shore up supplies of metals for weapons production. Tungsten, as the Bloomberg “Odd Lots” podcast explained nicely in a recent episode, has a very high melting point, making it ideal for artillery and ammunition. While it’s typically in demand in low amounts during peace time, soaring interest is a sign of widening global conflicts.
For retail investors, Oklo emerged as the face of the small modular reactor industry in 2024 after the Silicon Valley nuclear darling debuted on the stock market. But the company hadn’t yet split atoms. Last night, the company’s low-power test reactor in Texas sustained a reaction for the first time. The milestone makes Oklo the fifth company in the Department of Energy’s Reactor Pilot Program to achieve criticality, but the first to do so on private land. Oklo boasted that the company had erected the facility at a previously undeveloped greenfield site in less than a year, demonstrating that “American nuclear deployment timelines can be measured in months rather than years,” the company said in a press release.
The move comes five months after the Nuclear Regulatory Commission, which notoriously rejected Oklo’s first attempt at gaining approval for its power plant reactors, approved the company’s plans to produce medical isotopes from low-powered reactors, as I exclusively reported in this newsletter at the time.
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Two House Democrats formally referred Secretary of Energy Chris Wright to the Department of Justice for potential prosecution, accusing him of lying to Congress when asked whether the agency canceled green grants for partisan reasons. In a letter published Wednesday in The Hill, Representatives Zoe Lofgren of California and Gabe Amo of Rhode Island, alleged that Wright lied when he testified his blocking of billions in climate spending had nothing to do with the money going to states that voted for Democrat Kamala Harris in the 2024 election. In a federal lawsuit related to the same award terminations, Energy Department lawyers admitted that “the inclusion of grants in the October notice tranche was based solely on the political identity of the grant recipient’s state” Wright previously testified that politics had no role in the decisions. “Secretary Wright lied to the Committee with his statements, which sought to prevent us from learning the truth: that the October award terminations were an act of political retaliation,” Lofgren and Amo wrote in the letter, addressed to acting Attorney General Todd Blanche. “In doing so, he violated 18 USC §1001, which bars individuals from making ‘any materially false, fictitious, or fraudulent statement or representation’ to Congress. We have no choice but to refer Secretary Wright to the Department of Justice for potential prosecution in this matter.”
In 1978, the U.S. used millions more tons of coal than today. Yet miners in Appalachia are facing rates of pneumoconiosis — the incurable, fatal disease known as black lung — at exactly the same levels today. That’s the finding of new data published Wednesday in the American Journal of Respiratory and Critical Care Medicine. Miners in Kentucky, Virginia, and West Virginia who had spent at least 25 years working underground had by far the worst rates, with one in three testing positive in X-rays conducted by the National Institute for Occupational Safety and Health, a federal agency. “I’m disgusted,” Scott Laney, a NIOSH research epidemiologist who is the lead author of the research letter, told NPR. “This is not going to get better because of all the disease that’s already in the pipeline. These guys are being treated like disposable widgets, not human beings. … We’re watching them die right before our eyes.”
Your humble correspondent is due for a series of flights this afternoon. I lose little sleep over my personal carbon footprint; I don’t find it a useful metric, and even if I did, I live in New York City, so my family’s life in dense housing and reliance on public transit already places me well below most Americans. But I can’t help but think of it when I’m riding multiple planes in one day. Which makes this new Bloomberg feature so exciting. In Brazil’s Minas Gerais state, more than 200 researchers are working to commercialize jet fuel made from the oil-rich fruit of the macauba palm tree. Across 356,000 acres, the Abu Dhabi-based biofuels producer Acelen Renováveis plans to start processing macauba oil as part of a $3 billion project. The effort is meant to help the push to reduce airlines’ carbon intensity, but — as with biofuels in general — it’s worth considering the climate benefits with healthy doses of skepticism until detailed analyses come out.
Rob talks “tough tech” with Engine Ventures’ Katie Rae.
At this point, when you hear “venture capitalist,” you probably think of … software. Or artificial intelligence. Or cryptocurrency.
The Engine Ventures, which spun out of MIT a few years ago, is different. It tries to fund what it calls “tough tech,” a somewhat nebulous category that includes companies working in energy, decarbonization, health, and infrastructure. As such, it’s backed some of the most interesting “climate tech” companies in business today, such as Form Energy, Commonwealth Fusion.
On this episode of Shift Key, Rob chats with Katie Rae, the CEO and managing partner of Engine Ventures. They chat about what’s missing from America’s innovation ecosystem, how close fusion is to succeeding, and whether AI is a bubble (whatever that might mean).
Shift Key is hosted by Robinson Meyer, the founding executive editor of Heatmap News.
Subscribe to “Shift Key” and find this episode on Apple Podcasts, Spotify, Amazon, or wherever you get your podcasts.
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Here is an excerpt from their conversation:
Robinson Meyer: So this category of technologies, you guys call it tough tech. Sometimes you hear deep tech. What is different about investing in it from, let’s say, the classic VC playbook? And how is the engine ventures like built for that? What do you even kind of consider under tough tech, let’s say?
Katie Rae: Yeah, such a great question. First of all, this is the original form of venture capital, right? Which is that you are investing into things that have substantial intellectual property that took probably a long time to develop in academic or national labs and that are true breakthroughs. So a substantial leap forward in how we know things to work, which then can develop entire industries. Right. This is a very pure sense of venture capital. Over the years, you, in the generation you come from, think of it as software investing, where there’s very little technical risk and it’s all market risk.
So what tough tech is, is that you are taking on, I wouldn’t say in general scientific risk, but you are taking on the engineering risk of building something of physical instantiation. And that kind of risk is very different than software marketing risk. But it doesn’t mean it’s different forms of venture capital. One is taking the risk that a thousand other startups could do exactly the same thing and you’re going to be the one to break through and win. And the kind of venture capital in tough tech is that you really do understand the engineering and how to scale it up and how to get it to market and partner. But it is that engineering risk phase that we’ll call tough tech.
And that is more capital intensive in the beginning because it’s physical. But maybe not more capital intensive over time, but they’re just different forms of venture risk. One is you’re competing with a thousand people. And the other is there are probably one or two teams in the world with the knowledge base and ability to build this thing. And so your likelihood to win if you can gather the capital and the people and the expertise is actually pretty high, but very few people could make that happen. So that’s why a place like MIT, where you have this incredible group of humans who know how to collaborate globally on the cutting edge, is an incredible place to start something like the Engine Ventures, where you have a higher likelihood of being able to form these teams and get them out to market, and therefore a higher likelihood to win.
You can find a full transcript of the episode here.
Mentioned:
From Heatmap: Commonwealth Fusion Systems Wins Over New Class of Investors With $1 Billion Raise
Previously on Shift Key: Why John Arnold Is ‘Very Optimistic’ Permitting Reform Will Pass This Year
This episode of Shift Key is sponsored by ...
Discover the Yale Clean and Equitable Energy Development online certificate program at the Yale Center for Business and the Environment. In this fully online, 5-month program, you’ll learn from leading experts, develop practical skills, and grow a powerful network. Visit cbey.yale.edu to learn more and apply.
Music for Shift Key is by Adam Kromelow.