Big Oil Backs Mazama's $135 Million Bet On Superhot Geothermal
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Source: Zero Hedge
Published: 2026-09-21 02:00 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Energy
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Snippet:
Mazama Energy announced $135 million in new capital with an oversubscribed Series B that included ConocoPhillips and Shell Ventures. With Devon Energy initially backing Fervo in 2023, a pattern is emerging with oil and gas veterans placing their bets in the geothermal industry.
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