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Fervo signs 396-MW geothermal power supply deal with Google; shares jump
SG💻 Technology5 hr. ago

Fervo signs 396-MW geothermal power supply deal with Google; shares jump

Geothermal energy developer Fervo Energy has signed a major deal to supply 396 megawatts of clean energy to Alphabet's Google from its Cape Station project in Utah. This agreement allows Google the option to increase its power purchases by an additional 600 megawatts, potentially reaching nearly 1 gigawatt by 2030. The deal reflects increasing demand for reliable, round-the-clock clean energy, particularly from data centers. This follows previous collaborations between Fervo and Google, including a 2024 agreement involving Nevada’s grid and a pilot project launched in 2023. Cape Station, set to become operational in 2028, aims to support future data center developments in Utah.

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Channel NewsAsia (CNA) logoChannel NewsAsia (CNA)State / PublicCenter5 hr. ago
Fervo signs 396-MW geothermal power supply deal with Google; shares jump

Geothermal energy developer Fervo Energy has signed a major deal to supply 396 megawatts of clean energy to Alphabet's Google from its Cape Station project in Utah. This agreement allows Google the option to increase its power purchases by an additional 600 megawatts, potentially reaching nearly 1 gigawatt by 2030. The deal reflects increasing demand for reliable, round-the-clock clean energy, particularly from data centers. This follows previous collaborations between Fervo and Google, including a 2024 agreement involving Nevada’s grid and a pilot project launched in 2023. Cape Station, set to become operational in 2028, aims to support future data center developments in Utah.

Bias read (Center): The article focuses on a commercial energy supply agreement between a private company and a technology firm, with no direct reference to political figures, policies, or partisan issues. It provides factual information about the deal, its scope, and related projects without apparent ideological slant

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