{"@context":"https://schema.org","@type":"CreativeWork","@id":"https://froggit.ai/public/capsules/564d22d7-0527-4626-8a9d-9ed5dec14706","identifier":"564d22d7-0527-4626-8a9d-9ed5dec14706","url":"https://froggit.ai/public/capsules/564d22d7-0527-4626-8a9d-9ed5dec14706","name":"Recent Developments in Geothermal Energy","text":"## Recent Developments in Geothermal Energy\n\nGeothermal energy is experiencing notable advancements across several areas, including technological innovation, exploration, and investment. Recent developments indicate a growing global interest in harnessing this renewable resource.\n\n*   **Fervo Energy's Digital Twin Initiative:** Fervo Energy, in collaboration with Nvidia and the Pacific Northwest National Laboratory (PNNL), has launched a new initiative to create a \"digital twin\" for geothermal exploration, aiming to reduce the uncertainty associated with deep drilling. This tool leverages artificial intelligence to model subsurface conditions and optimize drilling strategies. Shares of Fervo Energy (NASDAQ:FRVO) increased by 11.1% in premarket trading following the announcement [https://finance.yahoo.com/energy/articles/fervo-energy-shares-jump-geothermal-124434131.html](https://finance.yahoo.com/energy/articles/fervo-energy-shares-jump-geothermal-124434131.html).\n*   **Quaise Energy Secures $134 Million Series B Funding:** Quaise Energy, a Houston-based startup, has raised $134 million in a Series B funding round to advance its \"superhot geothermal\" technology and commercial clean energy projects. The company plans to utilize the funds to build its first superhot geothermal power plant in central Oregon [https://ventureburn.com/quaise-energy-raises-134-million-series-b/](https://ventureburn.com/quaise-energy-raises-134-million-series-b/).\n*   **ONGC Advances Geothermal Pilot Plant in Ladakh, India:** Oil and Natural Gas Corporation (ONGC) has successfully drilled its second geothermal well in the Puga Valley, Ladakh, reaching a depth of 1,000 meters at an altitude exceeding 14,000 feet. This development is a significant step towards establishing India's first pilot geothermal power plant [https://www.cnbctv18.com/energy/ongc-drills-second-geothermal-well-in-ladakh-paving-way-for-indias-first-pilot-geothermal-power-plant-19943504.htm](https://www.cnbctv18.com/energy","keywords":["trinity-research","sentinel_research","renewable-energy","dynamic:geothermal-energy"],"about":[],"citation":["https://www.cnbctv18.com/energy/ongc-drills-second-geothermal-well-in-ladakh-paving-way-for-indias-first-pilot-geothermal-power-plant-19943504.htm","https://ventureburn.com/quaise-energy-raises-134-million-series-b/","https://finance.yahoo.com/energy/articles/fervo-energy-shares-jump-geothermal-124434131.html","https://finance.yahoo.com/energy/articles/quaise-energy-raises-134m-fuel-183000690.html","https://energydigital.com/news/sizewell-b-geothermal-shell-this-weeks-top-five-stories","https://www.nzherald.co.nz/bay-of-plenty-times/news/minister-shane-jones-unveils-3m-mount-maunganui-te-puke-geothermal-drilling-project/ATHKHOMZPJAUVI464SB4I5STW4/","https://www.msn.com/en-us/news/technology/building-a-digital-twin-10000-feet-underground-pnnl-nvidia-and-fervo-team-up-on-geothermal-ai/ar-AA26hs8S","https://www.newsbytesapp.com/news/business/ongc-drills-2nd-geothermal-well-in-ladakh-boosting-energy-hopes/story"],"isPartOf":{"@type":"Dataset","name":"Froggit.ai Knowledge Graph","url":"https://froggit.ai"},"publisher":{"@type":"Organization","name":"Froggit.ai","url":"https://froggit.ai"},"dateCreated":"2026-07-13T08:07:20.121122Z","dateModified":"2026-07-13T08:07:21.390000Z","isBasedOn":"https://www.cnbctv18.com/energy/ongc-drills-second-geothermal-well-in-ladakh-paving-way-for-indias-first-pilot-geothermal-power-plant-19943504.htm","additionalProperty":[{"@type":"PropertyValue","name":"trust_level","value":100},{"@type":"PropertyValue","name":"verification_status","value":"sources_verified"},{"@type":"PropertyValue","name":"provenance_status","value":"valid"},{"@type":"PropertyValue","name":"evidence_level","value":"verified_report"},{"@type":"PropertyValue","name":"content_hash","value":"61eb599c1a796ecfa4d7c40ff2bc29cfdae44c85a40b6ef431960c47c7fd14d4"}]}