Fervo signs 396 MW geothermal PPA with Google; expansion option to ~950 MW

Fervo Energy Co

396 MW PPA with Google for Cape Station EGS project in Utah; 4 tranches of 99 MW, COD from Q3 2028.
15-year delivery term; parent guarantees from Fervo and Alphabet.
Option for ~600 MW expansion, total ~950 MW by June 2030, subject to agreement.
Project uses SB132 flexible delivery pathways; regulatory approvals pending.
Press release dated Sept 1, 2026; deal is world's largest enhanced geothermal PPA.

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