Fervo Energy Raises Contracted Revenue to $11.9 Billion

Fervo Energy’s contracted revenue reached $11.9 billion in the third quarter, up from $7.2 billion a quarter earlier, as the geothermal developer advances a large Google project in Utah. At Cape Station, Fervo connected a 100-megawatt plant to the grid earlier this year. Its first GeoBlock has reached its first-power milestone . The first phase is designed to produce 100 megawatts through three 33-megawatt GeoBlocks. Fervo is on track to complete a 396-megawatt power plant for Google at the Utah site by the end of 2028. The Google project will connect to the grid. “We built Cape Station on our schedule. Google can develop a potential data center on their schedule, and neither party is waiting on the other,” Fervo co-founder and CEO Tim Latimer said.

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