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boardroom Fast Company Tech June 16, 2026

How this founder used his oil and gas industry knowledge to make geothermal energy viable

How this founder used his oil and gas industry knowledge to make geothermal energy viable
AI Summary

When Tim Latimer cofounded Fervo Energy in 2017, geothermal power was a tough sell to investors—expensive, risky, and geographically constrained. Since then, as CEO, Latimer has raised more than $2 billion to prove that geothermal can be unlocked almost anywhere. Using techniques adapted from the oil and gas industries, Fervo drills vertically into hot rock and then horizontally through it, creating wells through which it circulates water, generating electricity with the resulting heat.

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