Cape Station Phase 1 + Phase 2 — 320 MW Enhanced Geothermal System (EGS), Beaver County, Utah

Cape Station Enhanced Geothermal System (EGS) — Phase 1 ~100 MW, scaling to 500 MW by early 2027, Beaver County, Utah

Fervo Energy → RBC Capital Markets, Barclays, BBVA, HSBC, MUFG, Société Générale, J.P. Morgan, Bank of America, Sumitomo Mitsui Trust Bank

$421M

Fervo Energy / Turboden 1.7 GW Geothermal ORC Turbine Supply Framework Agreement — 35 GeoBlocks of 50 MW each

Fervo Energy

Fervo Energy IPO (Nasdaq: FRVO) — enhanced geothermal systems pure-play; flagship 500 MW Cape Station EGS project in Beaver County, Utah; 3.65 GW disclosed pipeline (under construction / ready to build / advanced development)

Fervo Energy → J.P. Morgan, BofA Securities, RBC Capital Markets, Barclays (joint lead bookrunners); Baird, BBVA, Guggenheim, MUFG, Société Générale, William Blair, Piper Sandler, Wolfe|Nomura (additional bookrunners)

Cape Station Phase I — 100 MW enhanced geothermal (EGS), Beaver County, Utah

Fervo Energy → Breakthrough Energy Catalyst, Mercuria, XRA

$206M

Cape Station EGS development (Phase I 100 MW + Phase II 400 MW) + broader Fervo development pipeline

Fervo Energy → B Capital (lead), Google, Mitsui, AllianceBernstein

$462M (Series E)

80 MW PPA from the 471 MW Mockingbird Solar Center under construction near Paris, Texas — brings project to fully contracted status

Ørsted (Mockingbird Solar Center) → Bloomberg LP