Google and Fervo's Project Red Delivers Only 40-60% of Target Power

Fervo Energy's enhanced geothermal pilot Project Red, backed by Google, is producing just 40-60% of its projected output. Thermal decline and water losses of up to 25% are blamed, while a short-seller report alleging data manipulation is denied by the company.

• Project Red runs at 40-60% of projected output due to thermal decline
• Water losses at the site reach 25%, above industry expectations
• A short-seller report alleges data manipulation; Fervo denies it
• The newer Cape Station site shows faster drilling and lower costs