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Sep 1, 2026

Fervo Energy secures largest geothermal power deal with Google for Utah data center

Geothermal developer Fervo Energy signed a deal to sell almost 400 megawatts of power to Google for a prospective data center in Utah, marking the company's largest-ever contract.

Sep 1, 2026·2 sources
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Fervo Energy signs 396 MW geothermal power deal with Google for Utah data center

Geothermal developer Fervo Energy secured a contract to supply 396 megawatts of clean power to Google from its Cape Station project in Utah starting in 2028, with an option for an additional 600 MW by 2030. The deal sent Fervo's shares up approximately 14-15%.

Sep 1, 2026·4 sources
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Top claims

  • ▪Fervo Energy Co. signed an agreement to sell nearly 400 megawatts of geothermal electricity to Alphabet Inc.'s Google
  • ▪The electricity purchased by Google under the agreement is intended to power a prospective Google data center in Utah
  • ▪The 26% stock surge on September 1, 2026, marked the largest single-day gain for Fervo Energy Co. in more than a month

Subtopics

Data center infrastructureRenewable energyEnergy security & geopoliticsAI Data Center Gold RushData center energyEnergy transitionCompute, chips & AI infrastructure

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