Fervo Energy signs 396 MW geothermal power deal with Google for Utah project
Fervo Energy's subsidiary Cape Generating Station 6 LLC signed a 15-year power purchase agreement with Google for 396 MW from the Cape Station project in Utah, with target commercial operation beginning in the third quarter of 2028. Fervo also agreed to offer Google an option on about 600 MW more capacity, with a guaranteed commercial operation date no later than June 2030, and must reimburse Google for certain amounts if it does not make that offer, an amount the company says is not currently estimable. For shareholders, this adds a large contracted customer, but it also brings an unquantified contingent obligation and depends on Utah regulatory approvals.
Key points
- Power purchase agreement with Google Energy LLC, a subsidiary of Alphabet Inc., dated August 26, 2026, for 396 MW in four 99 MW sub-tranches
- Target commercial operation for sub-tranches begins in the third quarter of 2028; 15-year delivery term
- Capacity expansion option of about 600 MW, bringing total contracted capacity to not less than about 950 MW, with guaranteed commercial operation by June 2030
- Reimbursement obligation if the expansion offer is not made is not currently estimable; project remains subject to Utah SB 132 regulatory approvals
The filing
Written by AI on Nov 9, 2026, 11:44 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on September 01, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.