Fervo Stock Climbs as Utah Geothermal Project Goes Live
The Bill Gates-backed company said its 100 MW Cape Station project is now selling electricity, a milestone for next-gen geothermal.
The Bill Gates-backed company said its 100 MW Cape Station project is now selling electricity, a milestone for next-gen geothermal.
Fervo Energy has signed its largest power deal with Google, covering nearly 400 MW from its Cape Station project in Utah, with power deliveries set to begin in 2028.
Jefferies set $34 target, BofA $36. Strong drilling results improve risk-reward after 40% post-IPO drop.
It combines real-time field data, physics-based modeling, and NVIDIA Omniverse to optimize power generation.