Fervo signs 396-MW geothermal power supply deal with Google; shares jump

The agreement ​gives ​Google an option to increase its ⁠power purchases by about 600 MW, ​bringing total potential capacity under the ​arrangement to nearly 1 gigawatt by June 2030, Fervo said. The companies began working ​together through ​Fervo's Project ⁠Red geothermal pilot project in Nevada, which came online in 2023.