Fervo Energy, a global pioneer of next-generation geothermal energy, has reached commercial operation at its first power plant at Cape Station in Beaver County, Utah, making it the first greenfield enhanced geothermal development in the world to achieve contractual commercial operations.
The landmark milestone marks a pivotal moment for Fervo and for the broader geothermal industry, demonstrating that enhanced geothermal systems (EGS) can deliver reliable, 24/7 carbon-free electricity at commercial scale on an industry-leading timeline.
Cape Station synchronised to the grid and then declared commercial operation just six days later, one day before its contractual commercial operation date (COD). Revenue is now being generated under Fervo’s power purchase agreement.
Tim Latimer, CEO and Co-Founder of Fervo Energy, commented: “Reaching commercial operations at Cape Station is both a huge milestone for Fervo, and a turning point for the entire energy industry. No team has ever built a project like this anywhere in the world, and we did it ahead of schedule. We are excited to prove that Fervo Energy can bring a new track record of execution to the power sector, an industry where project delays are often the norm.”
Fervo built and commissioned this power facility for its first GeoBlock in just 23 months, a remarkable achievement for a first-of-its-kind infrastructure project. As Fervo applies lessons learned across its growing pipeline, the company sees substantial opportunity to compress this timeline further and is confident in its ability to reach an 18-month construction timeline for future GeoBlocks.
David Ulrey, CFO of Fervo Energy, noted: “This is a defining moment at Fervo and it’s one we’re proud to deliver ahead of schedule. With over 1 GW of binding PPAs signed across our portfolio, the COD of this first GeoBlock is the beginning of our build into a durable base of predictable, long-term revenue generation. We remain focused on disciplined capital execution as we bring the remaining Phase I GeoBlocks online and advance Phase II towards its 2028 COD.”
Cape Station’s Phase I comprises approximately 100 MW across three 33-MW GeoBlocks. The first GeoBlock produced 33 MW of net power production, showing even in these early stages the GeoBlock is performing to expectations. Commissioning continues at the remaining two Phase I GeoBlocks, which are expected to reach contractual COD by 1 January 2027. The next phase, an additional 400 MW, is already under construction, with an expected COD in 2028.
Dawn Owens, SVP, Head of Development & Commercial Markets, concluded: “Getting our first GeoBlock to commercial operation reflects the strength of our execution and the discipline of our team on the ground. We are on track to bring the remaining Phase I GeoBlocks online by 1 January 2027. Every GeoBlock we bring online makes the next one faster and more predictable, and that repeatability is the foundation of how we scale and bring down costs.”
As Phase I comes online and Phase II advances towards its 2028 COD, Fervo expects Cape Station’s contracted capacity to translate into a growing, long-term revenue stream underpinned by multi-year offtake agreements.
For more news and technical articles from the global renewable industry, read the latest issue of Energy Global magazine.
Energy Global’s Autumn 2026 issue
The Autumn issue of 2026 is available now! The new issue begins with a regional report on Asia Pacific, looking at the region’s transition from building capacity to building systems. The issue also explores topics such as offshore wind foundations, solar maintenance, training the new workforce, inspection & maintenance, and more! With insights from experts such as Everllence, BW Ideol, EM&I, Watson Farley & Williams, and many more, make sure to check out this issue now.