Two Geothermal Bets Are Starting to Undercut Nuclear on Cost

Two Geothermal Bets Are Starting to Undercut Nuclear on Cost By ZeroHedge - Jul 13, 2026, 3:00 PM CDT Fervo's third-generation well design cut drilling time 70%, with its latest well reaching 19,448 feet in just 21 days. Quaise Energy closed the first tranche of a $134 million Series B, pushing total funding to roughly $230 million for its superhot geothermal plant in Oregon. Fervo's Cape Station is tracking toward $5,500/kW installed, well below the $10,000 to $15,000/kW final cost of Georgia's Vogtle nuclear reactors.