Fervo jumps after deal to supply Google 396 MW power
Fervo Energy rose 14.69% intraday after it agreed to supply 396 MW of power to Alphabet’s Google from its Cape Station project in Utah, with an option for roughly 600 MW more.
Fervo Energy NASDAQ:FRVO rose 14.69% intraday after the geothermal developer said it had agreed to supply 396 megawatts of power to Alphabet's (GOOGL) Google from its Cape Station project in Utah.
Alphabet was down 1.26% intraday.The agreement gives Google an option to buy roughly 600 megawatts mor…