Fervo Cape Station reaches first power
First utility-scale enhanced geothermal plant to sync to the grid; Phase I is about 100 MW.
Advanced geothermalfervoenergy.com
Public companyUSfounded 20171 field
| Technology | ||
|---|---|---|
| Advanced geothermalBuilds enhanced geothermal plants using horizontal drilling; runs Cape Station in Utah. | Builds enhanced geothermal plants using horizontal drilling; runs Cape Station in Utah. | fervoenergy.com |
First utility-scale enhanced geothermal plant to sync to the grid; Phase I is about 100 MW.
Grants for new enhanced geothermal developments in Idaho and Nevada.
Largest enhanced geothermal PPA to date, from the Cape Station GeoCluster.
Reached 19,448 feet measured depth with a 7,500-foot lateral at Cape Station.
70 million shares at $27 each.
Secures ORC turbines for up to 35 of Fervo's 50 MW GeoBlocks.
Non-recourse debt from banks including Barclays, BBVA, HSBC, MUFG, RBC and Societe Generale.
Appraisal drilling confirmed a resource above 555 F at a new greenfield site.