Fervo Energy and Google Sign 396 MW Geothermal PPA

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Fervo Energy and Google Sign 396 MW Power Purchase Agreement

HOUSTON, September 1, 2026 -- Fervo Energy (Nasdaq: FRVO), a global pioneer of next-generation geothermal energy, announced a 396-megawatt power purchase agreement with Google to enable the continued development of the Cape Station enhanced geothermal systems GeoCluster in Utah, expected to come online in 2028.

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About Fervo Energy Co

We are a geothermal energy developer that builds, owns, and operates geothermal power facilities. As the pioneer of EGS, we are commercializing a new category of firm, 24/7 power that is scalable, rapidly deployable, and geographically flexible. We apply proven technologies, such as horizontal drilling, multistage hydraulic fracturing, and enhanced subsurface monitoring, to design and control subsurface flow pathways, enabling predictable heat recovery without reliance on rare natural fracture networks. This standardized, repeatable approach addresses the scalability and development risks that have historically constrained traditional geothermal and positions EGS to deliver reliable, cost-competitive power with a clear path to learning curve-driven cost declines.

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