So appears the big difference is that they are confident they can make geothermal work at much lower temps.
To me it looks like a similar playbook to FHE, however instead of solar they are going with geothermal. Locating themselves near heavy energy consumers.
Lots of catalysts news flow wise coming in 2024 which could get this moving. At face value it looks very Cheap compared to other renewable energy plays (FHE is well over the 100M Mcap)
I still recall the run of the last geothermal plays before it all ended (GDY, PTR etc)
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