Fervo Energy Company
FRVO · Utilities
$19.75
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Google Just Locked Up the Largest Geothermal Power Deal Ever Made.
Fervo Energy signed a massive geothermal power deal with Google to supply 396 MW of electricity from its Cape Station project in Utah starting in 2028, with an option to expand to 1 GW by mid-2030. The agreement addresses the critical need for reliable, clean power to support AI data center expansion and validates Fervo's enhanced geothermal technology model.
Fervo Energy Company (FRVO) Faces Investor Scrutiny Amid Post-IPO Transmission Curtailment Revelation – HBSS
Fervo Energy Company's stock plummeted 16% after revealing on its Q2 2026 earnings call that it expects temporary transmission infrastructure shutdowns affecting its Cape Station project, reducing 2027 revenue estimates to $60-80 million. Shareholders rights firm Hagens Berman has opened an investigation into whether Fervo adequately disclosed this curtailment risk in its IPO documents filed in May 2026.