Google signs record 396 MW geothermal power deal with Fervo Energy
Google signed a deal to purchase 396 MW of geothermal power from Fervo Energy starting in 2028, with an option to add 600 MW more by 2030, potentially reaching nearly 1 GW. The power will come from a planned Utah facility that Fervo intends to make the world's largest enhanced geothermal plant.
Detected & updated continuously · Source: Nebula
Story subjects
Sources
@Sam_Badawi
$GOOGL signed a deal to buy 396 MW of geothermal power from Fervo Energy $FRVO starting in 2028. Google can add another 600 MW by 2030, bringing the potential total near 1 GW. https://t.co/YnycqaaSaw
@qz
Google just made the biggest geothermal power deal in history: Google signed a record 396-megawatt geothermal energy deal with Fervo Energy to power a future data center in Utah — with an option to scale up to nearly 1… https://t.co/WuetjHsPbg #GeothermalEnergy #CleanEnergy https://t.co/kEt6IG1h1r
@MSBIntel
Fervo Energy signs 400 MW geothermal deal with Google from planned Utah facility, largest contract in company history.
@JimPethokoukis
Energy poverty, energy abundance are both choices "Fervo Energy has signed a deal to sell power to Google from a Utah project that it plans to turn into the world’s largest enhanced geothermal facility." https://t.co/UaceVsrvPm via @WSJ
@Sam_Badawi
Yeah the market is not buying into this Datacenter stuff right now. $FRVO was up 20% now 9%. But in this case, the headline of 396MW isn’t until 2028. Fervo is also still pre-revenue with heavy CapEx and execution risk, including roughly $1.2B of planned spending through Q1 https://t.co/SXiqRLDrk8