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Fervo Energy Surges on Massive Google Power Deal

Guavy AI Editorial Team
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Fervo Energy has surged by 23.3% on news of its new 396-megawatt power purchase agreement with Google, which is set to come online in 2028.

The deal, announced on September 1, 2026, marks the world's largest enhanced geothermal PPA to date and solidifies Fervo's position as a scaled supplier of 24/7 carbon-free electricity.

This new contract is a significant step in turning part of Fervo's broader 3-gigawatt geothermal framework agreement with Google into defined power sales, giving investors more confidence in the company's execution and growth prospects.

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