Fervo | Cape Project

Company Description

Fervo Energy is a developer, owner, and operator of next-generation Enhanced Geothermal Systems (“EGS”) assets. Fervo’s key advancements in drilling and subsurface analytics have positioned the Company to deliver the world’s largest EGS project, Cape Station, in 2026. Fervo aims to make geothermal cost competitive and globally scalable.

Cape Station, located in Beaver County, Utah, includes Cape Station Phase I, which will deliver 100 megawatts (MW) of baseload clean power to the grid beginning in 2026, and Cape Station Phase II, which will bring an additional 400 MW online by 2028. With full funding in place, key permits secured, and construction well underway, Cape Station Phase I is on track to begin commercial operations in 2026.