Fervo Energy Company announced on October 1, 2026, that its first geothermal power plant, Cape Station, has reached commercial operation. Located in Beaver County, Utah, the facility is the first greenfield enhanced geothermal development in the world to achieve contractual commercial operations.
The first GeoBlock at Cape Station synchronized to the grid on September 24 and was declared commercial operation on September 30. This milestone was achieved one day before the contractual commercial operation date (COD). The facility is now generating revenue under a power purchase agreement (PPA).
The first GeoBlock produced 33 MW of net power production, meeting the expected production threshold under the PPA. Fervo built and commissioned this first GeoBlock in 23 months. The company stated it sees an opportunity to compress this timeline to 18 months for future GeoBlocks.
Cape Station's Phase I comprises approximately 100 MW across three 33-megawatt GeoBlocks. The first GeoBlock is online, and commissioning continues at the remaining two Phase I GeoBlocks, which are expected to reach contractual COD by January 1, 2027. An additional 400 MW, Phase II, is already under construction with an expected COD in 2028.
According to the filing, Fervo has over 1 gigawatt of binding PPAs signed across its portfolio. The company stated that the commercial operation of the first GeoBlock marks the beginning of its build into a durable base of predictable, long-term revenue generation.
