🟢 Fervo Energy is trading 12% up today after Cape Station began exporting power

Fervo Energy is trading 11.93% higher at $18.30 after Cape Station synchronized with Utah’s electrical grid and began exporting power.

• This marks the first utility-scale enhanced geothermal system globally to reach First Power.
• The milestone makes Cape Station an operating power plant; Phase I is designed for approximately 100 MW.
• The first unit is expected to reach commercial operations by October 1, 2026.