Fervo Energy Reaches First Power at Cape Station, Advancing Utility-Scale Geothermal

Key Points

• Fervo Energy said its Cape Station project in Beaver County, Utah, has reached First Power and begun exporting electricity to the grid.
• The company described Cape Station as the first greenfield enhanced geothermal systems, or EGS, project to synchronize with the grid and export power at utility scale.
• Cape Station Phase I is designed to deliver approximately 100 megawatts through three 33-megawatt GeoBlocks.
• Fervo expects the first GeoBlock to reach its contractual commercial operations date by October 1, 2026, and the remaining two by January 1, 2027.
• Cape Station has approximately 900 MW of fully contracted offtake, while Fervo reports more than 4 GW of capacity.

Fervo Energy (NASDAQ: FRVO) announced that its Cape Station geothermal project in Beaver County, Utah, has achieved First Power, meaning it has synchronized with the electric grid and is exporting electricity. The company said the milestone marks the first greenfield enhanced geothermal systems project to reach utility-scale grid operations and represents the initial megawatts of its planned multi-gigawatt geothermal development.

First Cape Station GeoBlock Begins Exporting Geothermal Power

Cape Station Phase I is an approximately 100-megawatt geothermal installation made up of three 33-megawatt GeoBlocks. The first GeoBlock has achieved First Power and is expected to reach its contractual commercial operations date, or COD, by October 1, 2026.

Fervo said it will continue bringing the first GeoBlock’s full well system online while commissioning the other two GeoBlocks. The remaining units are expected to reach their contractual CODs by January 1, 2027.

Fervo Plans Another 400 MW Geothermal Expansion at Cape Station

The next phase of Cape Station is already under construction and is expected to add another 400 MW of capacity. Fervo said this expansion is expected to reach commercial operations in 2028.

The company reported approximately 900 MW of fully contracted offtake at Cape Station, which it said could provide enough electricity for the equivalent of nearly 1 million U.S. homes annually. Fervo also said it has more than 4 GW of capacity.

Enhanced Geothermal Technology Uses Horizontal Drilling

Fervo uses horizontal-drilling methods adapted from the oil and gas industry. The approach allows multiple wells to be drilled from a single pad and is intended to make geothermal resources accessible that could not be reached using traditional geothermal technology.

Cape Station follows Fervo’s Project Red, where the company’s enhanced geothermal technology has supplied power to the grid since 2023. Fervo said the new project represents a significant move from its earlier work to a larger greenfield development.

Geothermal Power Can Provide Reliable 24/7 Carbon-Free Electricity

Enhanced geothermal systems draw on heat deep below the Earth’s surface to generate electricity continuously, independent of weather conditions or time of day.

Fervo said this capability makes geothermal power a source of firm, always-on, carbon-free electricity as demand rises from data centers, artificial intelligence infrastructure, and reshored manufacturing. The company also said geothermal projects require a comparatively small surface footprint, produce zero operational emissions, and use a largely U.S.-based supply chain.