Fervo Energy Begins Commercial Operations at Cape Station Geothermal Power Plant

Fervo Energy announced it has achieved commercial operation at its Cape Station enhanced geothermal power plant in Beaver County, Utah, ahead of schedule. The facility's first phase is now operational and generating revenue under a Power Purchase Agreement (PPA), marking a significant milestone as the first commercial-scale, enhanced geothermal development of its kind.

Key Details

• Project Milestone: The first "GeoBlock" at Cape Station reached its contractual commercial operation date (COD) on September 30, 2026, and is generating 33 MW of net power.
• Project Timeline & Scope: Phase I consists of three 33-megawatt GeoBlocks, with the remaining two expected to reach COD by January 1, 2027. A larger 400 MW Phase II is under construction with an expected COD in 2028.
• Financial Impact: The operational GeoBlock is now generating revenue for the company under the terms of its PPA, marking the beginning of long-term revenue generation from the site.