Fervo Energy announces commercial operation of first geothermal power plant in Cape Station, Utah

Fervo Energy (Fervo) has announced the start of commercial operations of the first geothermal power plant in its Cape Station site in Beaver County, Utah. This refers to the first GeoBlock of Phase 1 of Cape Station, with a net generating capacity of 33 MWe.

This update comes just six days after Fervo announced grid synchronization of the same power plant.

Cape Station’s Phase I comprises approximately 100 MW across three 33-megawatt GeoBlocks. Commissioning continues at the remaining two Phase I GeoBlocks, which are expected to reach contractual COD by January 1, 2027. The next phase, an additional 400 MW, is already under construction, with an expected COD in 2028.

The achievement is remarkable for several reasons. This marks the first greenfield enhanced geothermal development in the world to achieve contractual commercial operations. Building and commissioning of the power facility was completed in just 23 months, which is an impressive baseline for a first-of-its-kind project. As Fervo applies the lesson learned to its subsequent projects, it is aiming to compress this timeline further to 18 months for future GeoBlocks.

“Reaching commercial operations at Cape Station is both a huge milestone for Fervo, and a turning point for the entire energy industry,” said Tim Latimer, CEO and Co-Founder of Fervo Energy.

“No team has ever built a project like this anywhere in the world, and we did it ahead of schedule. We are excited to prove that Fervo Energy can bring a new track record of execution to the power sector, an industry where project delays are often the norm.”

This also means that Fervo is now generating revenue under a power purchase agreement. As Phase I comes online and Phase II advances toward its 2028 COD, Fervo expects Cape Station’s contracted capacity to translate into a growing, long-term revenue stream underpinned by multi-year offtake agreements.

“Getting our first GeoBlock to commercial operation reflects the strength of our execution and the discipline of our team on the ground,” said Dawn Owens, SVP, Head of Development & Commercial Markets.

“Every GeoBlock we bring online makes the next one faster and more predictable, and that repeatability is the foundation of how we scale and bring down costs.”

Source: Fervo Energy via GlobeNewsWire