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Fervo signs 396MW PPA with Google for Utah data center

9/1/2026

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Summary

Story summary

Fervo Energy signed a 396 MW power purchase agreement with Google.
The deal gives Google carbon-free power for a potential Utah data center.
Google may expand its offtake to 600 MW, reaching nearly 1 GW by June 2030.
Cape Station should start commercial output in 2028, with first phase delivering power later this year.
Fervo is spending $2 billion on Cape Station, using drilling and hydraulic fracturing, and its shares rose up to 15%.

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Story summary

Fervo Energy signed a 396 MW power purchase agreement with Google.
The deal gives Google carbon-free power for a potential Utah data center.
Google may expand its offtake to 600 MW, reaching nearly 1 GW by June 2030.
Cape Station should start commercial output in 2028, with first phase delivering power later this year.
Fervo is spending $2 billion on Cape Station, using drilling and hydraulic fracturing, and its shares rose up to 15%.