Tim Latimer

“We are developing a model where we are both going to be pursuing at the right locations transmission and grid-connected projects, as well as customers who want faster delivery. Behind-the-meter is a great opportunity there,”

Tim Latimer · said date not stated · reported 2026-09-05

Latimer said Fervo is developing a model that includes both transmission-connected projects and behind-the-meter projects for customers wanting faster delivery.

“[We] put geothermal on the kind of learning curve that has yielded dramatic cost reductions in other industries … We're expecting dramatic cost reductions in both the drilling side of the business and the power plant side of the business through that modularity and standardization.”

Tim Latimer · said date not stated · reported 2026-09-05

Latimer said Fervo expects dramatic cost reductions on both the drilling and power plant sides through modularity and standardization.

“[B]ecause we can drill consistently… we've removed a lot of the uncertainty and the exploration risk that has plagued geothermal for years,”

Tim Latimer · said date not stated · reported 2026-09-05

Latimer said consistent drilling has removed much of the uncertainty and exploration risk that has long plagued geothermal energy.

“It's a total transformation from 10 years ago, when people were questioning even the need for more new electricity,”

Tim Latimer · said date not stated · reported 2026-09-05

Latimer described the shift in electricity demand as a once-in-a-generation boom driven by hyperscalers and utilities.

“We have project sites throughout the entire Western United States. We now have the capital to pursue it, and we want to repeat these GeoBlocks all over the West and then all over the world until we realize a more reliable, affordable, and sustainable electric grid,”

Tim Latimer · said date not stated · reported 2026-09-05

Following its IPO, Fervo plans to use its capital to replicate its GeoBlocks across the Western U.S. and eventually worldwide to build a more sustainable grid.

“step change in performance for geothermal drilling.”

Tim Latimer · said date not stated · reported 2026-09-05

Latimer said Fervo's innovations in drill motors, bit designs, and drilling fluids have led to what he called a step change in geothermal drilling performance.

“This is a once-in-a-generation boom moment where hyperscalers, utilities and other customers need [power] now, and it's our power that will be an important part of the electric grid.”

Tim Latimer · said date not stated · reported 2026-09-05

Latimer told CNBC that Fervo's power will be an important part of the electric grid as hyperscalers and utilities demand power now.