Fervo

United States

Fervo secures $421 million financing to support Cape Station geothermal development

Geothermal energy project developer Fervo Energy announced that it has secured $421 million in financing to fund the construction costs of the first phase of it…

Geothermal Power Project

Baker Hughes Wins Contract for Fervo’s Cape Station Geothermal Project

Baker Hughes has secured a contract with Fervo Energy to deliver equipment for five organic Rankine cycle (ORC) power plants at the Cape Station geothermal proj…

Geothermal Power Plant

Nevada Approves First-Of-Its-Kind Geothermal Power Supply Agreement

The Public Utilities Commission of Nevada has approved the Clean Transition Tariff (CTT), a novel rate structure agreed upon in 2024 by Google, NV Energy, and g…

Geothermal Power Project

Fervo Signs 31 MW Geothermal PPA With Shell Energy

Fervo Energy announced a 31 MW Power Purchase Agreement (PPA) with Shell Energy North America, marking a significant step for geothermal energy in the U.S. as a…

Geothermal Power Plant

Fervo Announces Technical and Commercial Breakthroughs at Cape Station Geothermal Site

Cape Station in Beaver County, Utah, the location of Fervo Energy's planned 400-MW geothermal project (source: Business Wire)During its second annual Techno…

Geothermal Power Project

S’Pore Closely Studying New Geothermal Technologies and Overseas Plants

Fervo Energy says it has in place a system to manage induced seismicity. PHOTO: NYTIMESAs Singapore’s search for clean energy heats up, the authorities he…

Geothermal Power Project

Fervo Signs 320-MW Geothermal PPA With California Utility

Dual circuit power lines in California (source: Hydrogen Iodide at the English-language Wikipedia, CC BY-SA 3.0, via Wikimedia Commons)Fervo Energy has announce…

Geothermal Power Plant

Fervo Energy, Turboden to Collaborate on Cape Station Geothermal Project, Utah

Fervo Energy and Turboden sign partnership for Cape Station geothermal project (source: Turboden)ORC systems specialist Turboden S.p.A. has been selected to pro…

Geothermal Power Plant

Mitsubishi Heavy Industries Invests in Fervo Energy, a US-Based Enhanced Geothermal System Startup

Mitsubishi Heavy Industries, Ltd. (MHI) announced that it has invested in Fervo Energy (Fervo), an innovative enhanced geothermal technology startup company hea…

Geothermal Power Project

Fervo Energy Raises $244 Million to Fund Next-Generation Geothermal Initiative

Cape Station in Beaver County, Utah, the location of Fervo Energy's planned 400-MW geothermal project (source: Business Wire)Fervo Energy has raised $244 mi…

Geothermal Power Plant

Fervo Energy Raises $244M for Geothermal Deployment

(Credit: Fervo Energy)Fervo Energy announced that it has raised $244 million in new funding led by Devon Energy, meant to enable Fervo’s next phase of gro…

Geothermal Power Plant

New Google Geothermal Electricity Project Could Be a Milestone for Clean Energy

A drill rig stands at a Fervo Energy geothermal site under construction near Milford, Utah, Sunday, Nov. 26, 2023. In Nevada, Fervo’s first operational pi…

Geothermal Power Project

Fervo Energy Breaks Ground on Next-Gen Geothermal Project in Cape Station, Utah

Cape Station in Beaver County, Utah, the location of Fervo Energy's planned 400-MW geothermal project (source: Business Wire)Fervo Energy has broken ground …

Geothermal Power Plant

Fervo Energy Breaks Ground on Next-Gen Geothermal Project

Image credit: FervoFervo Energy held a groundbreaking ceremony to mark the start of its exploration drilling campaign at Cape Station, a next-generation geother…

Oil&Gas Drilling

Fervo Energy Reports Breakthrough in Field-Scale EGS Project in Nevada

Fervo Energy has announced positive results of a 30-day well test conducted at Project Red, the company’s full-scale EGS pilot project in northern Nevada.…