Fervo signs 396-MW geothermal power deal with Google
Fervo Energy said it signed a deal to supply 396 megawatts of geothermal power to Alphabet’s Google from its Cape Station project in Utah, sending shares up nearly 14% in premarket trading.
Fervo Energy said on Tuesday it signed a deal to supply 396 megawatts of geothermal power to Alphabet's Google from its Cape Station project in Utah. The agreement sent Fervo shares up nearly 14% in premarket trading. The deal underscores growing interest from large technology companies in geothermal power.