Fervo Energy Announces First Power Generated At Its Cape Station Geothermal Development In Utah

The achievement comes just over four months after Fervo’s May 2026 initial public offering and is one of several industry leading operational milestones for the company. Following the successful deployment of Fervo’s EGS technology at Project Red, which has been supplying electricity to the grid since 2023, First Power at Cape Station represents a significant scale-up of the technology in a greenfield setting. With this milestone, the company converts years of subsurface and surface development, drilling, and project financing into an operating power plant selling electricity to the grid.Cape Station DetailsCape Station Phase I is an approximately 100 MW installation comprising three 33-megawatt GeoBlocks, the first of which has achieved First Power and is expected to reach its contractual commercial operations date (COD) by October 1, 2026. Fervo will continue ramping up the first GeoBlock as it brings the full well system online while commissioning the remaining two 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. Fully contracted offtake at Cape Station sits at approximately 900 MW, enough to power the equivalent of nearly 1 million U.S. homes annually.Fervo uses horizontal drilling techniques adapted from the oil and gas industry, allowing multiple wells to be drilled from a single pad and unlocking geothermal resources that were previously inaccessible with traditional technology.24/7 Firm PowerEnhanced geothermal draws continuously on heat deep underground, producing electricity around the clock regardless of weather or time of day. That makes it one of the only carbon-free resources capable of delivering firm, always-on power, a critical advantage as data centers, AI infrastructure, and reshored manufacturing drive the fastest growth in U.S. electricity demand in decades.Geothermal plants also require a comparatively small surface footprint relative to their output, produce zero operational emissions, and draw on a domestic and largely U.S.-based supply chain.