Fervo Energy's Cape Station first GeoBlock hits commercial operation ahead of schedule at 33 MW

Fervo Energy Co

First Cape Station GeoBlock declared commercial operation Sept 30, one day before contractual COD; synchronized to grid Sept 24 and now generating revenue under Fervo's PPA.
GeoBlock produced 33 MW of net power, meeting the expected production threshold under the PPA; Phase I totals ~100 MW across three 33-MW GeoBlocks.
Remaining two Phase I GeoBlocks expected to reach contractual COD by January 1, 2027; Phase II's additional 400 MW is under construction with 2028 COD.
Fervo cites over 1 gigawatt of binding PPAs signed; first GeoBlock was built and commissioned in 23 months, with an 18-month target for future GeoBlocks.
CEO Tim Latimer called it the first greenfield enhanced geothermal development to reach contractual commercial operations; CFO David Ulrey cited disciplined capital execution.

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