FRVO news

Fervo Energy declared commercial operation at its Cape Station in Utah ahead of schedule, marking the world's first greenfield enhanced geothermal project to do so. The event validates Fervo's rapid deployment of EGS technology and triggers revenue generation under its power purchase agreement.

Fervo Energy signed a 396 MW power purchase agreement with Google for Utah's Cape Station site, targeting carbon-free power development in 2028.

Fervo Energy completed a $2.2 billion IPO in May 2026 and reported a Q1 net loss of $31.8 million while advancing its Cape Station geothermal project toward Q4 2026 commercial operation. The company secured a 3-gigawatt Google framework agreement and $421.4 million in project financing, positioning …

Sarah Jewett, who has led Fervo's Strategy department since 2020 and served as SVP of Strategy since October 2025, was appointed COO with an annual base salary of $400,000 and 55% performance bonus target. The appointment reflects internal promotion of a senior executive with prior experience at Sel…