Company Description

Fervo Energy is a geothermal energy developer that builds, owns, and operates geothermal power facilities.

We construct projects in phases across leased acreage positions that can support multi-gigawatt power developments (“GeoClusters”).

Our leasing strategy is focused on securing high-quality, geothermal resources in prime locations, the vast majority of which have existing deep wells that confirm significantly elevated temperatures at shallow depths and near-term commercial viability.

In June 2023, we broke ground on our first GeoCluster – Cape Station – located in Milford, Utah, which we expect will become the world’s largest EGS project in terms of total installed capacity.

At Cape Station, we have 500 megawatts under construction and expect to deliver first power in late 2026, reaching approximately 100 megawatts of operating capacity by early 2027.