Advect Talk to offtake

Pershing County, Nevada 40.4°N 118.2°W

The heat is
already there.

205 °C at 3,900 metres, in Cretaceous granodiorite that has been that temperature since long before anyone thought to measure it. Advect drills a closed loop into that rock and circulates water through a sealed pipe. Nothing enters the formation. Nothing comes out of it. The rock gives up 47 megawatts of heat per well pair, every hour, for as long as we keep the pumps running.

Project record

Lease
BLM NVN-098412
Wells drilled
7 of 24
Bottom hole temperature
205 °C
Thermal gradient
49 °C/km
Total depth, PC-7
3,903 m TVD
Plant, net
74 MW
Interconnection
Valmy 230 kV
LGIA
Executed Mar 2026
First power
Q3 2027
Vertical section, well PC-7. Vertical and horizontal scales differ.
Vertical section through well PC-7 A cross section from surface to 4,260 metres showing five formations, four casing strings, the build section and a 3,000 metre lateral in granodiorite at 3,900 metres and 205 degrees Celsius. 0 340 1 180 2 050 3 120 3 900 4 260 68 °C in 186 °C out 050 100150 200250 °C Temperature log, PC-1 167 °C, top granodiorite Quaternary alluvium Tertiary tuff and andesite Tertiary tuffaceous sandstone Triassic phyllite and argillite Cretaceous granodiorite 31 °C 72 °C 114 °C 167 °C 3,000 m lateral, 8 1/2 in hole, 205 °C 20 in conductor, 60 m 13 3/8 in surface, 340 m 9 5/8 in intermediate, 2,050 m 7 in production liner to TD

A power purchase agreement that averages to zero is not the same as a plant that runs at four in the morning.

Annual matching lets a buyer count a July afternoon of surplus solar against a February night on coal. Hourly matching does not. When a data centre commits to carbon free energy on an hourly basis, the question stops being how many megawatt hours were bought and becomes whether there was a carbon free electron available in hour 3,412 of the year.

Solar with four hours of storage reaches roughly 71% hourly matching in northern Nevada before the cost of the last few points goes vertical. Wind does better in winter and worse in August. A closed loop geothermal plant does not have a resource profile. It has an availability figure.

Delivering 609 GWh a year to a Nevada data centre, three ways
Delivering 609 GWh a year Advect closed loop Solar plus 4 h storage Gas combined cycle
Capacity factor94%27%58%
Nameplate required74 MW258 MW plus 120 MWh120 MW
Land, acres431,54818
Hourly CFE match96%71%0%
Scope 2 market based, t CO2e00212,000
Delivered price, USD/MWh7852 plus firming61 plus carbon
Output in hour 3,41274 MW0 MW120 MW

Solar capacity factor from the NREL PVWatts long run average for Lovelock, Nevada at a 1.3 DC to AC ratio. Land figures include setbacks and the substation. Hour 3,412 is 04:00 on 22 May.

Conduction moves the heat from the rock into the pipe. Advection carries it to the surface. The company is the second half of that sentence.

Nothing enters the formation

The working fluid is water in a sealed loop of steel casing cemented across its full length. There is no fracturing, no injection into the reservoir and no produced fluid to handle at surface. Conventional flash geothermal vents non-condensable gases, mostly CO2 and hydrogen sulphide, at 20 to 100 kg per MWh. A closed loop vents nothing because there is nothing to vent.

The thermal drawdown is a design input

Rock is a poor conductor, about 2.8 W/m·K for granodiorite, which is exactly why a closed loop needs long laterals rather than deep ones. Our coupled thermo-hydraulic model sets lateral spacing at 240 m so that the cooled halo around one lateral does not reach its neighbour inside the 30 year design life. Modelled production temperature falls from 186 °C to 179 °C over that period, a decline of 0.13% a year.

The hard part is drilling, not physics

Closed loop geothermal has been arithmetically obvious for forty years and commercially impossible for thirty nine of them, because drilling 7,400 metres through hard crystalline rock cost more than the heat was worth. What changed is the directional drilling stack built for shale. We took it, cooled it and pointed it downward.

Plan view at 3,900 m. Twelve laterals from pad A, with the modelled cooled halo at year 30.
Plan view of the lateral array at reservoir depth Twelve horizontal laterals spaced 240 metres apart, each surrounded by a 96 metre cooled halo after thirty years of production. The halos do not meet, which is the constraint that sets the spacing. Pad A 240 m pitch 192 m halo 3,000 m lateral, 12 per pad, 2 pads. Halos stay 48 m apart at year 30.
Circulating mass flow, per well pair
95 kg/s
Injection temperature
68 °C
Production temperature
186 °C
Thermal power, per well pair
47.0 MWth
Net electrical, per well pair
6.2 MWe
ORC net conversion efficiency
13.2%
Thermal gradient at site
49 °C/km
Granodiorite conductivity
2.8 W/m·K
Lateral spacing
240 m
Makeup water, annual
0.4% of loop mass

Thermal power is mass flow times specific heat times temperature rise: 95 × 4.19 × 118 = 46,970 kW. Everything downstream of that number is an engineering choice, and every one of those choices is in the technical package we send under NDA.

Seven wells. Sixty eight days down to twenty four.

Every well we drill is cheaper than the one before it, and the reason is boring: bit selection, hole cleaning and fewer trips. The learning curve is the entire investment case, so we publish it. Days are spud to rig release. Non-productive time is counted the way a drilling contractor counts it, and it includes the two days we lost on PC-3 to a failed mud cooler.

Drilling program, wells PC-1 through PC-7
Well Spud TVD m MD m Days NPT d ROP m/hr Cost USD m
PC-12024-03-113,8607,1806813.54.114.2
PC-22024-06-143,9057,340548.05.611.6
PC-32024-09-273,9007,410435.57.29.4
PC-42025-01-223,9127,390363.58.98.1
PC-52025-05-113,8987,420302.510.47.0
PC-62025-09-083,9017,455261.511.66.3
PC-72026-02-173,9037,460241.012.45.8

Rate of penetration is measured on bottom in the granodiorite section only, from 3,120 m to total depth including the lateral. The upper 3,120 m of basin fill and volcanics runs three to eight times faster and would flatter the number.

What 205 °C does to a bottom hole assembly

  • ElectronicsStandard measurement while drilling tools are rated to 150 °C. We run a vacuum flask with a lithium chloride phase change sink that holds the internal temperature below 150 °C for nine hours on bottom, then we trip to cool it. Nine hours is the real constraint on the lateral, not the rock.
  • ElastomersNitrile seals are done at 120 °C. Everything below the intermediate shoe uses perfluoroelastomer with a metal to metal backup on the rotary steerable.
  • MudTwo 400 kW chillers on the returns hold flowline temperature at 62 °C. Without them the water based mud degrades and the tools cook on the way out of the hole rather than on the way in.
  • BitsSix blade 8 1/2 in PDC with 16 mm premium cutters and a depth of cut controller. Average 1,180 m per bit in granodiorite on PC-7, against 340 m on PC-1.

Twelve well pairs, one organic Rankine cycle, 609 gigawatt hours a year.

  • 74MW net, at 15 °C ambient
  • 94%Capacity factor, contracted
  • 97.6%Availability, PC-1 to PC-4 loop, trailing 12 months
  • 609GWh delivered per year
  • 0.4%Expected curtailment
  • 30Year design life, 0.13% annual thermal decline

The power block is a two stage organic Rankine cycle running isobutane, air cooled because there is no water in Pershing County to spare. Air cooling costs us output on the hottest afternoons of the year: net capacity falls from 74 MW at 15 °C ambient to 66 MW at 38 °C. That derate is in the PPA, priced, and it is why the contracted capacity factor is 94% and not 97%.

Parasitic load is 6.4 MW at design point, split between 2.9 MW of downhole circulation pumping and 3.5 MW of condenser fans. Gross output is 80.4 MW. We publish net because net is what arrives.

Ambient derate curve

  • 0 °C77.8 MW
  • 15 °C74.0 MW
  • 25 °C70.9 MW
  • 32 °C68.4 MW
  • 38 °C66.1 MW
  • 43 °C63.9 MW

Hourly generation, with a certificate attached to every hour of it.

An hourly carbon free claim is only as good as the granular certificate behind it. We issue EnergyTag conformant granular certificates against five minute SCADA rolled to hourly settlement, published at T plus two hours, with the certificate minted at T plus one day once the meter data is validated against the NV Energy revenue meter.

If your sustainability reporting needs to survive an assurance engagement, the certificate identifiers below are the artefact your auditor will ask for.

Endpoints

  • GET/v1/generationNet MWh by hour, with GC identifiers
  • GET/v1/plant/statusLive net MW, ambient, availability
  • GET/v1/certificatesIssued, transferred, retired
  • POST/v1/certificates/retireRetire against a reporting entity
  • GET/v1/outagesPlanned and forced, with cause codes

Webhooks

  • generation.settled
  • certificate.issued
  • certificate.retired
  • outage.declared
Standard
EnergyTag Standard v2, WREGIS registered
Settlement
Hourly, published T+2 h, certificate T+1 d
Auth
OAuth 2.0 client credentials, mTLS on request
Retention
Full history, 5 minute resolution, 10 years
Requestcurl
curl -G https://api.advect.energy/v1/generation \
  -H "Authorization: Bearer $ADVECT_TOKEN" \
  --data-urlencode "from=2026-07-26T00:00:00Z" \
  --data-urlencode "to=2026-07-26T04:00:00Z" \
  --data-urlencode "resolution=hourly"
Response200 OK
{
  "facility": "advect-pershing-1",
  "timezone": "UTC",
  "hours": [
    { "start": "2026-07-26T00:00:00Z", "net_mwh": 73.4,
      "ambient_c": 19.1, "gc_id": "ETG-US-NV-2026072600-0734",
      "status": "SETTLED" },
    { "start": "2026-07-26T01:00:00Z", "net_mwh": 73.8,
      "ambient_c": 17.6, "gc_id": "ETG-US-NV-2026072601-0738",
      "status": "SETTLED" },
    { "start": "2026-07-26T02:00:00Z", "net_mwh": 74.1,
      "ambient_c": 16.2, "gc_id": "ETG-US-NV-2026072602-0741",
      "status": "SETTLED" },
    { "start": "2026-07-26T03:00:00Z", "net_mwh": 74.0,
      "ambient_c": 15.8, "gc_id": "ETG-US-NV-2026072603-0740",
      "status": "SETTLED" }
  ],
  "cfe_score_rolling_8760h": 0.961
}

Three ways to buy it. All of them show their arithmetic.

Hourly matched PPA

USD 78per MWh, 15 years

  • 1.8% annual escalator
  • 96% hourly CFE match, measured, not modelled
  • EnergyTag granular certificates retired to your entity
  • Ambient derate disclosed and priced in
  • Point of delivery: Valmy 230 kV

Firm block

USD 84per MWh, 15 years

  • A guaranteed 24 by 7 block of 60 MW
  • Liquidated damages at replacement cost for any shortfall hour
  • We carry the ambient derate risk, not you
  • Scheduled maintenance windows agreed annually, 96 hours per year
  • Suited to a load that cannot be shifted

Tolling and equity

Structuredby negotiation

  • Co-investment at the project company level
  • Heat offtake for direct use, 120 °C loop available
  • Expansion rights on wells PC-8 through PC-16
  • Suited to a hyperscaler building on the adjacent parcel

What a 15 year hourly matched PPA actually costs

  • Net capacity74 MW
  • Hours in a year8,760
  • Contracted capacity factor94%
  • Annual delivered energy609,398 MWh
  • Year one at USD 78 per MWhUSD 47.53 m
  • 15 years with a 1.8% escalatorUSD 810 m nominal
  • IT load served at PUE 1.1564 MW
  • Hours a year at full carbon free supply8,418
  • Residual grid hours to fill342
  • Scope 2 market based emissions0 t CO2e
  • Land, acres per delivered GWh per year0.071
  • Same figure for solar plus storage2.54

The comparison that matters is not price per megawatt hour, it is price per carbon free hour actually delivered to the meter. At 78 dollars and 96% matching we are more expensive per megawatt hour than firmed solar and cheaper per matched hour. We will run that model against your load shape on the first call.

Closed loop removed fourteen months from the permitting schedule.

Because nothing enters or leaves the formation, the project is not an injection well under the Safe Drinking Water Act and needs no Underground Injection Control permit. That single fact is worth more to the schedule than any drilling improvement we have made. The rest of the consenting stack is ordinary Nevada federal land practice.

Federal

  • BLM geothermal lease NVN-098412, Winnemucca District, 4,840 acres
  • Geothermal drilling permit, form 3260-2, approved for PC-1 through PC-16
  • NEPA environmental assessment with a finding of no significant impact, 14 Aug 2025
  • No Underground Injection Control permit required, closed loop
  • Greater sage-grouse seasonal timing stipulation, no surface work 1 Mar to 30 Jun within 6.4 km of a lek

State and county

  • Nevada Division of Minerals geothermal well permits, all seven filed and closed out
  • NDEP air quality general permit, ORC and emergency generator only
  • Water right permit 92104, 380 acre-feet, drilling use, fully returned to storage
  • Pershing County special use permit and road maintenance agreement
  • Nevada Portfolio Standard, WREGIS generating unit registered

Buyer facing

  • GHG Protocol Scope 2 market based instrument, quality criteria met in full
  • EnergyTag Standard v2 conformance assessment, independent, renewed annually
  • ISO 14001 and ISO 45001 certified, scope covers drilling and operations
  • SOC 2 Type II on the data platform, report period 1 Jan to 31 Dec 2025
  • Annual independent engineer report available to offtakers

Twenty nine people. Nine of them have run a rig.

Advect was founded in 2023 by three people who had spent their careers making shale wells cheaper and wanted to point the same tools at something that does not deplete. We raised a 140 million dollar Series B in November 2025 and closed a 310 million dollar project debt facility in April 2026. First power is scheduled for Q3 2027.

  • Dr. Halima OseiCo-founder, chief executive

    Reservoir engineer. Twelve years in the Permian on unconventional completions, then four years modelling heat extraction from crystalline basement. Doctorate in petroleum engineering.

  • Wes TrumbullCo-founder, chief drilling officer

    Two hundred and forty horizontal wells. Ran the directional program for an Anadarko basin operator, then two years in high temperature geothermal working out what breaks first.

  • Dr. Kenji SarrafCo-founder, chief scientist

    Wrote the coupled thermo-hydraulic model that sets our lateral spacing. Fifteen years in subsurface thermal modelling, including six at a national laboratory.

  • Priya AnandHead of offtake

    Structured 2.1 GW of corporate power purchase agreements, including three of the first hourly matched deals signed in the United States. Handles the certificate architecture.

Send us your load shape. We will send back the hours we cannot cover.

Not the hours we can. Anyone can produce that slide. Give us 8,760 rows of hourly demand and we will return the residual, the cost to close it and the assumptions behind both, inside five working days.

offtake@advect.energy

Reno, Nevada Operations at Pershing County pad A