Fervo Energy Reports Third Quarter 2026 Results

Fervo Energy reported its third quarter 2026 financial and operational results, highlighting the commercial operation of Cape Station Phase I GeoBlock 1 and a major enhanced geothermal power purchase agreement with Google. The company stated it signed a 15-year, 396-megawatt take-or-pay agreement with Google, creating a pathway to nearly a gigawatt of capacity. Additionally, Fervo reported a Q3 net loss attributable to common stockholders of $20.8 million alongside $1.9 billion in unrestricted cash. Open article →