Fervo signs 396-MW geothermal power supply deal with Google; shares jump
Geothermal developer Fervo Energy said on Tuesday it had signed a deal to supply 396 megawatts of geothermal power to Alphabet’s Google from its Cape Station project in Utah, sending its shares up nearly 14% in premarket trading.
The deal highlights growing interest from large power consumers in securing around-the-clock clean energy supplies, as rising electricity demand from data centers drives investment in new generation capacity across the U.S.
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