Fervo Energy Starts Commercial Operations at Cape Station Geothermal Project Ahead of Schedule

Key Facts

1Fervo Energy announced that its first power plant at Cape Station in Utah has reached commercial operation.

2The project is the first greenfield enhanced geothermal development in the world to achieve contractual commercial operations.

Fervo Energy announced that its first power plant at Cape Station in Utah has reached commercial operation ahead of its original schedule. According to a company statement via GlobeNewswire, the project is the first greenfield enhanced geothermal development in the world to achieve contractual commercial operations, with the plant now synchronized to the grid and exporting electricity.

FRVO closed at $13.59 on September 30, 2026, after trading between a session low of $13.58 and a high of $13.97. The operational milestone validates the commercial scalability of enhanced geothermal systems (EGS) as a reliable source of 24/7 carbon-free electricity.