Fervo Energy signed a 396 MW power purchase agreement with Google for enhanced Geothermal Energy from Cape Station in Utah. The 15-year contract secures a major commercial offtake, while a 600 MW expansion option could bring total contracted capacity close to 1 GW, subject to regulatory approvals and engineering feasibility.

Key Highlights

  • The Google agreement carries a 15-year delivery term for energy products from Cape Station.
  • Fervo Energy will offer Google an option covering approximately 600 MW of additional Cape Station capacity.
  • Expanded delivery capability is currently targeted for the first half of 2030, subject to approvals and feasibility.

The project is planned for delivery through four successive 99 MW sub-tranches, with commercial operations targeted to begin in 2028.

Cape Station PPA Sets 15-Year Delivery Term

Cape Generating Station 6, a wholly owned Fervo subsidiary, entered the agreement with Google Energy on August 26, 2026. Google Energy is a Subsidiary of Alphabet (NASDAQ: GOOG), while Fervo Energy (NASDAQ: FRVO) and Alphabet have each provided a parent-company guarantee supporting their respective obligations. The contract covers energy products from the Cape Station project for a 15-year delivery period. The agreement also requires Fervo Energy to offer Google an option to expand its contracted capacity at Cape Station by approximately 600 MW.

Expansion Depends on Utah Approvals

The potential expansion is being developed around flexible power-delivery routes authorized under Utah Senate Bill 132. The plan remains subject to applicable regulatory approvals, engineering feasibility and agency approvals. The agreement’s commercial operation targets remain forward-looking and depend on development, construction, permitting, interconnection and regulatory requirements. The company also identifies counterparty performance, transmission availability and changes affecting Senate Bill 132 among the risks surrounding those expectations.

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