Geothermal‑project developer Fervo Energy has secured the world‑largest‑ever enhanced geothermal 396 MW power purchase agreement (PPA) with Google for output from its Utah‑based Cape Station greenfield project, granting Google an expansion option for around 600 MW by June 2030 to bring total possible offtake close to 1 GW, news that sent Fervo’s post‑IPO shares up 25%; founded in 2017, Fervo applies oil‑and‑gas‑derived technologies including horizontal drilling to tap underground hot‑rock reservoirs, with Cape Station set to feed its first power to the grid in 2026 and hit roughly 100 MW in early‑2027, and this deal extends the firms’ multi‑year partnership dating back to the 2023 Nevada pilot and a prior 115 MW PPA, while Google, facing 37%‑year‑on‑year electricity growth driven by rapid‑fire AI‑datacenter expansion, is buying the geothermal power as a potential energy base for a Utah data‑center and has admitted that its ambitious 24/7 carbon‑free‑energy moonshot climate targets are growing harder to attain given grid decarbonization cannot keep pace with its infrastructure build‑out, even though its large‑scale clean‑energy procurement helped it cut Scope 1‑2 emissions by 2% in 2025 amid soaring power consumption.
Source: https://www.esgtoday.com/google-signs-record-geothermal-power-deal-with-fervo/