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Geothermal is getting closer to the big time. Last week, Fervo Energy — arguably the country’s leading enhanced geothermal company — announced that its Utah demonstration project had achieved record production capacity. The new approach termed “enhanced geothermal,” which borrows drilling techniques and expertise from the oil and gas industry, seems poised to become a big player on America’s clean, 24/7 power grid of the future.
Why is geothermal so hot? How soon could it appear on the grid — and why does it have advantages that other zero-carbon technologies don’t? On this week’s episode of Shift Key, Rob and Jesse speak with a practitioner and an expert in the world of enhanced geothermal. Sarah Jewett is the vice president of strategy at Fervo Energy, which she joined after several years in the oil and gas industry. Wilson Ricks is a doctoral student of mechanical and aerospace engineering at Princeton University, where he studies macro-energy systems modeling. Shift Key is hosted by Robinson Meyer, the founding executive editor of Heatmap, and Jesse Jenkins, a professor of energy systems engineering at Princeton University.
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Here is an excerpt from our conversation:
Robinson Meyer: I just wanted to hit a different note here, which is, Sarah, you’ve alluded a few times to your past in the oil and gas industry. I think this is true across Fervo, is that of course, the technologies we’re discussing here are fracking derived. What has your background in the oil and gas industry and hydrocarbons taught you that you think about at Fervo now, and developing geothermal as a resource?
Sarah Jewett: There are so many things. I mean, I’m thinking about my time in the oil and gas industry daily. And you’re exactly right, I think today about 60% of Fervo’s employees come from the oil and gas industry. And because we are only just about to start construction on our first power facility, the percentage of contractors and field workers from the oil and gas industry is much higher than 60%.
Jesse Jenkins: Right, you can’t go and hire a bunch of people with geothermal experience when there is no large-scale geothermal industry to pull from.
Jewett: That’s right. That’s right. And so the oil and gas industry, I think, has taught us, so many different types of things. I mean, we can’t really exist without thinking about the history of the oil and gas industry — even, you know, Wilson and I are sort of comparing our learning rates to learning rates observed in various different oil and gas basins by different operators, so you can see a lot of prior technological pathways.
I mean, first off, we’re just using off the shelf technology that has been proven and tested in the oil and gas industry over the last 25 years, which has been, really, the reason why geothermal is able to have this big new unlock, because we’re using all of this off the shelf technology that now exists. It’s not like the early 2000s, where there was a single bit we could have tried. Now there are a ton of different bits that are available to us that we can try and say, how is this working? How is this working? How’s this working?
So I think, from a technological perspective, it’s helpful. And then from just an industry that has set a solid example it’s been really helpful, and that can be leveraged in a number of different ways. Learning rates, for example; how to set up supply chains in remote areas, for example; how to engage with and interact with communities. I think we’ve seen examples of oil and gas doing that well and doing it poorly. And I’ve gotten to observe firsthand the oil and gas industry doing it well and doing it poorly.
And so I’ve gotten to learn a lot about how we need to treat those around us, explain to them what it is that we’re doing, how open we need to be. And I think that has been immensely helpful as we’ve crafted the role that we’re going to play in these communities at large.
Wilson Ricks: I think it’s also interesting to talk about the connection to the oil and gas industry from the perspective of the political economy of the energy transition, specifically because you hear policymakers talk all the time about retraining workers from these legacy industries that, if we’re serious about decarbonizing, will unavoidably have to contract — and, you know, getting those people involved in clean energy, in these new industries.
And often that’s taking drillers and retraining some kind of very different job — or coal miners — into battery manufacturers. This is almost exactly one to one. Like Sarah said, there’s additional expertise and experience that you need to get really good at doing this in the geothermal context. But for the most part, you are taking the exact same skills and just reapplying them, and so it allows for both a potentially very smooth transition of workforces, and also it allows for scale-up of enhanced geothermal to proceed much more smoothly than it potentially would if you had to kind of train an entire workforce from scratch to just do this.
This episode of Shift Key is sponsored by …
Watershed’s climate data engine helps companies measure and reduce their emissions, turning the data they already have into an audit-ready carbon footprint backed by the latest climate science. Get the sustainability data you need in weeks, not months. Learn more at watershed.com.
As a global leader in PV and ESS solutions, Sungrow invests heavily in research and development, constantly pushing the boundaries of solar and battery inverter technology. Discover why Sungrow is the essential component of the clean energy transition by visiting sungrowpower.com.
Antenna Group helps you connect with customers, policymakers, investors, and strategic partners to influence markets and accelerate adoption. Visit antennagroup.com to learn more.
Music for Shift Key is by Adam Kromelow.
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Local opposition has exacted a much higher cost for developers than has been previously understood, according to new Heatmap Pro survey of public records and financial information.
The country’s largest technology companies are expected to spend more than $800 billion this year investing in data centers and artificial intelligence.
But new data suggests the local backlash to data centers may be taking a meaningful bite out of that boom.
At least $260 billion of data center investments were canceled this year after sustained local opposition, according to new Heatmap Pro data.
The pace and size of those cancellations is picking up. About $130 billion in data center investment — or about half of the total — was canceled in the three months ending on September 30. And in dollar terms, the size of canceled projects in the third quarter of 2026 exceeded the size of all data center projects canceled last year.
Roughly $1 trillion in data center investment now faces some kind of sustained or meaningful local opposition, according to Heatmap Pro data. About half of all projects that have met local backlash this year were ultimately canceled, our data suggests.
Our market intelligence service Heatmap Pro tracks local projects and regulations affecting clean energy, batteries, and data centers. We run a continuous survey of public officials, regulatory filings, and local media to monitor energy and data center cancellations nationwide.
Our investment figures, which have not been previously published and are larger than other estimates, are likely an undercount. Only about 60% of data center projects disclose the size of their planned investment, especially during a proposal’s early stage when it is most likely to run aground.
These figures also do not include every project currently stalled because of state-level data center moratoriums in Texas and New York.
But the totals show that the surging backlash to data centers is beginning to kill a sizable share of large computing projects. In August, a Heatmap Pro and Embold Research poll found that 75% of Americans would oppose a data center getting built near where they live — a striking change from a year earlier, when Americans were roughly split over the projects.
“The number of canceled data centers speaks to the vast and growing grassroots opposition to these projects in communities across the country. The fact that many of these projects were defeated in just the past few months speaks to the upward trajectory of this opposition movement,” Mitch Jones, a policy director at Food and Water Watch, an environmental group that opposes AI data centers, said in a statement.
A spokesperson for the Data Center Coalition, which advocates for the industry, did not respond before press time.
Most canceled data center projects in our database are terminated because they fail to secure a local permit or face a hostile local government action. Hundreds of U.S. counties and towns now maintain a ban or moratorium on data center construction, our data shows. The Senate’s bipartisan permitting reform proposal would not affect towns or counties’ ability to prohibit data center development under their jurisdiction.
Current conditions: Cold air is sweeping into the American Northeast after a brief blast of summer-like heat that drove temperatures in New York City up to 85 degrees Fahrenheit last week • Hurricane Nolo crossed the International Date Line, officially becoming Typhoon Nolo • The heat wave roasting Southern California is straining the grid, causing outages for more than 23,000 people in the Los Angeles area.
Greenland’s government on Monday approved the mining and decommissioning plans for Critical Metals’ Tanbreez rare earths project, which Mining.com described as one of the world’s “larger undeveloped heavy rare earth projects outside China.” The preliminary economic analysis for the mine pegged its total value at $2.1 billion, with an estimated initial capital cost of $290 million. “Approval of the Mining and Closure Plans is a defining milestone for Tanbreez and for Critical Metals Corp.,” Tony Sage, the chairman and chief executive of Critical Metals, said in a press release. “It gives us a clear framework through 2050 to responsibly develop one of the world’s largest heavy rare earth deposits, in partnership with the government of Greenland and the communities of South Greenland.”
If it goes forward, the project could be among the first major rare earths mines in Greenland, where the Trump administration has claimed the right to veto any major foreign investments as part of the deal signed with the Danish government last month, which gives Washington perpetual security oversight over the self-governing North American island. Critical Metals, notably, is headquartered in New York, though its largest shareholder is the Australian mineral investor European Lithium Limited. Yet opening a new mine in the U.S. might be getting even easier. As my colleague Matthew Zeitlin reported last week, miners — ahem — struck gold with the regulatory changes in the bipartisan permitting reform bill.
The Department of Energy is preparing to unveil $150 million in funding for a 223-mile transmission line in Alaska that would serve nearly three-quarters of the state’s population of just 735,000 people. The move, reported first by Reuters, comes as Vice President JD Vance prepares to visit the state to support Republican Senator Dan Sullivan’s bid for reelection in what’s expected to be a tight race with Democrat Mary Peltola. The total cost of the project is $400 million.
First Solar built the largest photovoltaic manufacturing business in the U.S. by churning out thin-film panels that, while less efficient than the polysilicon-based technology popularized by China, perform better in low light and high temperatures, earning a solid market among utility-scale developers. But now Chinese manufacturer JA and its subsidiaries are allegedly muscling in on thin film — as is American Panel Solutions, a wholly owned U.S.-based subsidiary of the polysilicon giant Corning. First Solar now accuses the companies of illegally infringing its patent for manufacturing its solar cells, according to PV Tech. The Ohio-based giant has previously sued Jinko, Canadian Solar, T1 Energy, and Trina Solar. First Solar won a key preliminary victory in January.
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Starbucks has abandoned or watered down green targets and let go its sustainability staff as the coffee and food chain looks to cut $2 billion in costs. On Monday, the Financial Times reported that the company had revised or dropped pledges to halve water use and waste, and placed a target of slashing carbon emissions by 50% under review. While the pullback comes amid a broader retreat from environmental goals under the Trump administration, other coffee companies are still seeking to reduce pollution. Just yesterday, I told you that Keurig Dr. Pepper had come out with a version of its individual instant coffee pods that uses seaweed instead of plastic.
Type One Energy has raised a $200 million Series B as the startup races to develop the world’s first fusion power plant at the Tennessee Valley Authority’s Bull Run site in eastern Tennessee. The financing round was co-led by Breakthrough Energy Ventures and Clutterbuck Capital, with additional backing from Lowercarbon Capital, Siemens Energy Ventures, and SiteGround Capital. “The breadth and quality of investors in this funding round demonstrates growing support for our strategy to industrialize the commercial deployment of fusion energy,” Christofer Mowry, Type One Energy’s chief executive, said in a statement. “The Series B financing enables us to remain focused on advancing our stellarator technology and Project infinity design activities.”
The company has been working to establish its supply chain. In March, my colleague Katie Brigham broke news of a deal to start getting the material needed for its reactors.
New York City is notorious for the ways in which trash piles up on our sidewalks and evaporates into foul smelling mist during the hot summer days. But did you know it’s also piling up in the places we send it? The latest draft of the city’s once-in-a-decade management plan for solid waste indicates that the landfills receiving much of the five boroughs’ trash are filling up. Per Inside Climate News, the state is projected to run out of landfill capacity for the city’s garbage within 16 to 25 years.
The startup’s system builds on a vessel’s existing engine and makes it effectively fuel-agnostic.
The shipping industry has a dilemma. The European Union and other jurisdictions are increasingly requiring vessels to cut their carbon emissions, pushing shipowners toward lower-carbon fuels and away from traditional bunker fuel or diesel. But it’s still anybody’s guess which cleaner fuel — ammonia, methanol, or liquified natural gas — will prove most economical and efficient at scale. That leaves shipowners facing an uncomfortable choice: They must decide on a technology around which to build new engines and retrofit existing ones without knowing whether the fuel they bet on today will still be the best option a few years from now.
Blaze Energy says that its product will eliminate that choice. The startup, which announced a $6.5 million seed round on Tuesday — is making a compact fuel “reformer,” a device that uses a heated catalyst to split various alternative fuels into a hydrogen-rich gas. That gas can then be combined with the original fuel and conventional shipping fuel to power existing engines. With Blaze’s bolt-on retrofit, which the startup aims to make less than a tenth the size of the engine itself, shipping companies “can adjust their assets based on how the global energy landscape, regulation, as well as their company direction is changing,” the company’s CEO and co-founder, Rok Sitar, told me. For example, maybe LNG looks cheapest in the short term given its established supply chain, but ammonia could win out down the road.
So far, Blaze has conducted small scale demonstrations showing that its proprietary catalyst can reform ammonia, methanol, and LNG. The resulting hydrogen-rich mixture is extremely fast-burning, which helps the other fuels to burn more completely and efficiently than they otherwise would.
Blaze’s first product, however, focuses solely on ammonia reformation. The system works by diverting a portion of the liquid ammonia to flow over the startup’s electrically-heated catalyst, which breaks it down into hydrogen and nitrogen. The resulting gas goes directly into the engine, where the nitrogen passes through and exits via the exhaust, while the hydrogen helps the remaining ammonia burn more efficiently alongside conventional shipping fuel. No burners or complex gas separation systems required.
As Sitar explained, “a certain composition of ammonia and hydrogen burns just like diesel,” allowing Blaze to essentially “trick the engine” into operating like it’s burning just diesel or standard bunker fuel rather than a blend that includes hydrogen and ammonia. That means the startup can add its retrofit system onto an existing ship engine without modifying the engine itself. And if the reformer fails for any reason, the ship can simply revert to running on conventional fuel alone. Sitar said this fail-safe feature lowers the risk for shipowners considering Blaze’s tech.
The company’s strategic partners include vessel owner and operator Lomar Shipping, which expects to pilot the system at sea beginning sometime next year, and ship management consultancy Link Marine, which plans to offer it to tanker operators. Blaze is aiming for commercial rollout in 2028.
Retrofitting the existing global fleet represents “an enormous opportunity” for Blaze, Sitar told me. As he explained, there are roughly 100,000 vessels in the global commercial fleet, but the industry only builds about 1,500 new ships each year. And because shipping companies are unlikely to choose alternative-fuel engines for every new vessel they order, a company in Blaze’s position pretty much has to drum up demand among the ships already in the water. The startup aims to install its system when vessels enter “dry dock” for routine inspection and maintenance, which typically happens at least once every five years.
Blaze is also developing a version of its product for new-builds, however, working with engine manufacturers to integrate its fuel reformer hardware into both conventional ship engines as well as those already designed to run on ammonia. Even in ammonia-burning engines, Sitar said Blaze’s system will improve fuel efficiency thanks to the fast-burning hydrogen in its blend.
The startup has ambitious goals for its seed round, which Sitar says should carry it through the next 18 months. Those include proving out its ammonia reformer on land with unnamed “leading” engine manufacturers, validating its performance at sea with Lomar, securing the maritime certifications needed to launch its first commercial product, and expanding its operations and headcount in the U.S. and Norway.
Blaze will likely look to raise again around 2028, at which point the International Maritime Organization expects to have its Net-Zero Framework in place. This would establish legally binding requirements for the entire shipping industry to reduce its emissions intensity, with the goal of reaching net-zero by 2050. The agency expected to adopt the framework last October, but delayed a final vote to approve the measure after the Trump administration strong-armed nations into withdrawing their support. The framework will come up for a vote again this December.
While the ongoing ambiguity has become a headache for the industry as a whole, Sitar sees it as something of an advantage for Blaze, which, he said, “thrive[s] in uncertainty.” Around 2028, the startup aims to begin piloting its broader multi-fuel technology, which can reform not just ammonia, but also methanol and LNG, for use in diesel engines. Blaze also expects to begin delivering its first commercial ammonia retrofit systems at this time.
From there on, the company sees a path to adapting the technology across numerous other industries reliant on combustion engines, such as heavy equipment, mining, industrial heat, and diesel power generation for data centers. “By proving our system in maritime engines, we can very easily translate this into other hardware sectors,” he said. Shipping, in his view, is perhaps the most challenging but strategically useful beachhead market of all, from both a technical and regulatory perspective.
As he put it to me, “if you prove it on maritime shipping, you basically have a product that can be deployed anywhere else, because everything else is simpler and has less regulation.”