Fervo Energy reports Q2 2026 results
The company raised its long-term target to 1.1 GW by 2030, achieved mechanical completion on Cape Station GeoBlocks 1 and 2, and reported a net loss of $55.9 million.
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Next-generation geothermal energy developer
fervoenergy.comLast updated
In short: Fervo Energy completed a $2.2 billion IPO and signed a 396-megawatt power purchase agreement with Google for its Cape Station project.
The company raised its long-term target to 1.1 GW by 2030, achieved mechanical completion on Cape Station GeoBlocks 1 and 2, and reported a net loss of $55.9 million.
Sawtooth 7 reached 19,448 feet with a 7,500-foot lateral in a 460°F resource.
Fervo completed a $2.2 billion IPO, signed a 3 GW Google framework, and progressed Cape Station Phase I toward Q4 2026 COD.
The company will host a webcast and conference call at 10 a.m. ET to discuss results.
SAN FRANCISCO, Sept. 10, 2026 /PRNewswire/ -- During Fervo Energy Company's (NASDAQ: FRVO) August...
Fervo Energy (FRVO) stock is in focus after the company agreed to a 396 megawatt power purchase...
CNBC's Pippa Stevens joins 'Closing Bell Overtime' to talk Fervo's geothermal energy project in Utah.
Geothermal developer Fervo Energy said on Tuesday it had signed a deal to supply 396 megawatts of geothermal power to ...
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