Fervo signs 396 MW geothermal deal with Google
Fervo Energy signed a deal to supply 396 megawatts of geothermal power to Google from Utah. The agreement sent Fervo shares up nearly fourteen percent in premarket trading.
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ALPHABET INC-CL A secured a 396-MW geothermal power supply deal with Fervo Energy from its Cape Station project in Utah during Tuesday morning trading. The agreement expands on previous green energy partnerships between the two firms across the United States. Rising electricity demand from data centers continues to drive massive investments in around-the-clock clean energy generation capacity.
