Fervo Locks Up Record-Breaking Geothermal Deal with Google

Fervo Energy, a young company that went public in May 2026, has signed a massive geothermal deal with Google to supply power to a data center in Utah. The agreement is the world's largest 'enhanced' geothermal power purchase agreement ever signed.

Under the deal, Fervo will sell 396 megawatts (MW) of electricity from its Cape Station project in southwestern Utah, beginning in 2028. Google has the option to increase power purchases to 1 gigawatt (GW) by mid-2030.

Fervo's bet is different: Enhanced geothermal systems don't need a natural hot spring or steam vent, just hot rock within drilling reach. That means a much wider scope and range of locations to tap -- a prospect that is luring tech giants and data center operators.