Google Enters Major Geothermal Agreement with Fervo Energy
Fervo Energy (NASDAQ:FRVO) has signed its largest geothermal power agreement to date, supplying nearly 400 MW of electricity from the Cape Station project in Utah starting in 2028. Google also holds an option for an additional 600 MW by 2030, potentially making this a near-1 GW deal. The partnership is significant as it positions Fervo with a major tech customer at a time when AI data centers require stable and continuous power supply. This agreement builds on prior collaborations between Google and Fervo, including the Nevada pilot project and an earlier 115-MW arrangement. Fervo's use of oil-and-gas-inspired drilling techniques to create geothermal reservoirs is being tested at commercial scale with Cape Station, which could serve as a model for future projects if successful. The deal highlights growing interest in reliable clean energy sources like geothermal amid grid constraints and the need for around-the-clock power. Fervo has already secured about 1 GW of contracted capacity from Google, Shell, and Southern California Edison.
Topics: Clean Power Data Centers Geothermal Energy Technology Partnerships