Developer
Fervo Energy
Track
14
Deals Tracked
$3.51B
Deal Value
4,619.5MW
Total Capacity
Geothermal
Top Technology
Deal Activity
May 13DeveloperFervo Energy IPO — 70,000,000 Class A shares at $27.00 (upsized from 55.6M); next-generation enhanced geothermal systems (EGS); proceeds fund the Cape Station project, Beaver County, Utah; Nasdaq: FRVOCorporate Debt & Capital MarketsGeothermal$1.89B
Apr 17DeveloperFervo 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)Corporate Debt & Capital MarketsGeothermal500 MW
Apr 7DeveloperFervo Energy / Turboden 1.7 GW Geothermal ORC Turbine Supply Framework Agreement — 35 GeoBlocks of 50 MW eachPower Purchase & OfftakeGeothermal1,750 MW
Mar 19DeveloperCape Station Enhanced Geothermal System (EGS) — Phase 1 ~100 MW, scaling to 500 MW by early 2027, Beaver County, UtahProject FinanceGeothermal$421M500 MW
Dec 10DeveloperCape Station EGS development (Phase I 100 MW + Phase II 400 MW) + broader Fervo development pipelineStrategic & Growth CapitalGeothermal$462M500 MW
Jun 11DeveloperCape Station Phase I — 100 MW enhanced geothermal (EGS), Beaver County, UtahProject FinanceGeothermal$206M100 MW
Apr 15DeveloperCape Station Phase I geothermal — 31 MW PPA (with capacity upsize from 400 MW → 500 MW)Power Purchase & OfftakeGeothermal31 MW
Jun 25DeveloperCape Station Phase 1 + Phase 2 — 320 MW Enhanced Geothermal System (EGS), Beaver County, UtahPower Purchase & OfftakeGeothermal320 MW
Jun 7DeveloperCorsac Station Enhanced Geothermal — 115 MW EGS, Nevada (powering Storey County data centers)Power Purchase & OfftakeGeothermal115 MW
Feb 29DeveloperCape Station Phase I + Phase II — 400 MW Enhanced Geothermal (EGS), Beaver County, UtahStrategic & Growth CapitalGeothermal$244M400 MW
Aug 22DeveloperCape Station Phase 1 development — 400 MW Enhanced Geothermal (EGS), Beaver County, UtahStrategic & Growth CapitalGeothermal$138M400 MW
Jul 18DeveloperProject Red — 3.5 MW Enhanced Geothermal System (EGS) pilot, Beaver County, Nevada — first commercial EGS to deliver power to gridPower Purchase & OfftakeGeothermal3.5 MW
Apr 19DeveloperInitial Devon Energy investment in Fervo Energy — geothermal technology partnershipStrategic & Growth CapitalGeothermal$10M
Aug 22DeveloperFervo Energy Series C — enhanced geothermal systems (EGS) using horizontal drillingStrategic & Growth CapitalGeothermal$138M
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