East Bay Community Energy Adds Fervo Geothermal Energy to Portfolio, Opening Doors to 24/7 Zero-Emission Electricity

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OAKLAND, Calif., May 24, 2022 /PRNewswire/ -- East Bay Community Energy (EBCE), one of the nation's top-ranking clean energy providers, is partnering with Fervo Energy to equip EBCE with geothermal power, adding non-weather-dependent clean energy to its power supply. Helping communities maintain resilience in today's evolving energy landscape, EBCE enables consistently stable, long-term energy rates by leveraging power that can be accessed and meet demand regardless of the season, weather, or time of day. Developed by Fervo Energy, this facility marks EBCE's first geothermal power purchase agreement (PPA), broadening the agency's clean energy portfolio.

Metadata
Provider: 
PR NewswirePR Newswire
Retrieved on: 
Tuesday, May 24, 2022
Information
Tags: 
Department, Community Choice Aggregation, Breakthrough Energy, Climate change, City, Schlumberger, Lawrence Berkeley National Laboratory, State, Community, Wind, Primary energy, CCA, Weather, ARPA, Technology, PPA, Movement, CEO, Renewable energy
Geotags: 
CALIFORNIA, NEVADA
Organisation: 
EAST BAY COMMUNITY ENERGY, FERVO ENERGY
Summary
Key Points: 
  • Developed by Fervo Energy, this facility marks EBCE's first geothermal power purchase agreement (PPA), broadening the agency's clean energy portfolio.
  • "Geothermal power is vital to achieving the decarbonization goals of California and around the world," said Tim Latimer, CEO at Fervo Energy.
  • Fervo Energy produces 24/7 carbon-free energy through next-generation geothermal energy technology.
  • Fervo is supported through Capricorn's Technology Impact Fund, Breakthrough Energy Ventures, and the Department of Energy.


East Bay Community Energy Adds Fervo Geothermal Energy to Portfolio, Opening Doors to 24/7 Zero-Emission Electricity

EBCE becomes the latest community choice aggregator (CCA) to add mandated non-weather-reliant power source, stabilizing long-term consumer prices & powering 44,000+ homes annually

OAKLAND, Calif., May 24, 2022 /PRNewswire/ -- East Bay Community Energy (EBCE), one of the nation's top-ranking clean energy providers, is partnering with Fervo Energy to equip EBCE with geothermal power, adding non-weather-dependent clean energy to its power supply. Helping communities maintain resilience in today's evolving energy landscape, EBCE enables consistently stable, long-term energy rates by leveraging power that can be accessed and meet demand regardless of the season, weather, or time of day. Developed by Fervo Energy, this facility marks EBCE's first geothermal power purchase agreement (PPA), broadening the agency's clean energy portfolio.

EBCE tapped Fervo Energy, a next-generation geothermal company applying transformative geothermal technology to address climate change, to increase its carbon-free energy deployment in response to a State of California mandate to procure 1,000 MW of non-weather-dependent, zero-emission energy by 2026. This project will dispatch 40 megawatts of firm, 24/7, zero-emission geothermal energy from Churchill County, Nevada to California's regional grid, with expected operation in Q4 2026.

Fervo Energy brings a variety of innovative technologies to geothermal including horizontal drilling and distributed fiber optic sensing to deliver more reliable and cost-effective projects. This approach makes geothermal power accessible in far more places than before and dramatically increases its potential as a widespread energy source.

"Geothermal power is vital to achieving the decarbonization goals of California and around the world," said Tim Latimer, CEO at Fervo Energy. "East Bay Community Energy has established itself as the leader in scaling dependable, clean electricity in the best interest of its customers, and we're honored to be partnering with them."

Serving Alameda County and fourteen incorporated cities, EBCE offers a power mix of carbon-free and renewable energy sources including wind, solar, hydro, and geothermal, with a goal of providing 100 percent clean electric service for its customers by 2030 – 15 years ahead of California's target date. With this first geothermal PPA, EBCE is doubling down on providing long-term stable prices for its ratepayers, while ensuring greater reliability as more regions fall under the threat of climate change-induced power outages.

"Developing a diverse portfolio of clean energy facilities helps keep prices stable and the lights on," said Nick Chaset, CEO at EBCE. "As one of the cleanest energy providers in California, adding geothermal to our portfolio adds resiliency to the communities we serve and a level of stability EBCE customers can count on."

About EBCE
EBCE is a not-for-profit public agency that operates a Community Choice Energy program for Alameda County and fourteen incorporated cities, serving more than 1.7 million residential and commercial customers. EBCE initiated service in June 2018 and expanded to Tracy in neighboring San Joaquin County in 2021. As one of 24 community choice aggregation (CCA) programs operating in California, EBCE is part of the movement to expedite the climate action goals of their communities and those of California. EBCE is committed to providing clean power at competitive rates while reinvesting in its local communities. For more information about East Bay Community Energy, visit ebce.org.

About Fervo Energy
Fervo Energy produces 24/7 carbon-free energy through next-generation geothermal energy technology. The company commercializes technology to develop, own, and operate geothermal assets that will be key to decarbonizing the electric grid. Fervo brings a variety of innovative technologies to geothermal including horizontal drilling and distributed fiber optic sensing to deliver more reliable and cost-effective projects, developed with partners including Schlumberger, ARPA-E, and the Lawrence Berkeley National Lab. Fervo is supported through Capricorn's Technology Impact Fund, Breakthrough Energy Ventures, and the Department of Energy. 

Media Contacts
Mission Control for EBCE
[email protected]

Fervo Energy
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SOURCE East Bay Community Energy

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