Fervo Energy (FRVO) stock is up 29% today after the company announced a 396-megawatt (MW) power purchase agreement (PPA) with Google (GOOG) (GOOGL) to enable the continued development of the Cape Station enhanced geothermal systems (EGS) GeoCluster, expected to come online in 2028.
"As demand for reliable electricity grows, customers like Google need energy resources that can be deployed at scale, operate around the clock, and deliver where power is needed," said Fervo CEO Tim Latimer in a press release. "This new PPA is part of our repeatable commercial model that enables us to meet customer needs and directly deliver clean, firm power to large electricity users."
1 Top Energy Stock to Watch With Boots on the Ground in Venezuela
Tesla Is Raising Cybertruck Prices in the U.S. by $5,000. What This Means for TSLA Stock.
As US Bond Selloff Accelerates, Treasury Secretary Scott Bessent Says a Stronger Yen is Coming
#energy
"As demand for reliable electricity grows, customers like Google need energy resources that can be deployed at scale, operate around the clock, and deliver where power is needed," said Fervo CEO Tim Latimer in a press release. "This new PPA is part of our repeatable commercial model that enables us to meet customer needs and directly deliver clean, firm power to large electricity users."
1 Top Energy Stock to Watch With Boots on the Ground in Venezuela
Tesla Is Raising Cybertruck Prices in the U.S. by $5,000. What This Means for TSLA Stock.
As US Bond Selloff Accelerates, Treasury Secretary Scott Bessent Says a Stronger Yen is Coming
#energy
2 days ago
