Google signs record 396 MW geothermal deal with Fervo Energy
Google has signed a landmark 396-megawatt power purchase agreement with Fervo Energy, marking the largest enhanced geothermal deal to date. This partnership, which began with a pilot project in 2021, aims to secure reliable clean energy for Google’s expanding data centers, addressing critical grid connection bottlenecks and rising energy costs. The power will be generated at Fervo’s Cape Station…
Key points
- Google signed a 396 MW power purchase agreement with Fervo Energy, the largest enhanced geothermal deal to date.
- Power from Fervo’s Cape Station in Utah is scheduled for delivery by 2028, supporting Google’s data center needs.
- The deal includes an option for Google to expand offtake by 600 MW, potentially reaching 1 GW total capacity by 2030.
The agreement leverages Fervo’s Enhanced Geothermal Systems (EGS) technology, which uses horizontal drilling to access heat from deep rock, bypassing the need for naturally occurring geothermal sites. This innovation allows for geothermal energy production in a wider range of locations. The deal is part of a broader commitment where Fervo is developing 3 GW of geothermal projects, with Google holding an option to expand its offtake by an additional 600 MW.
If fully realized, the total potential capacity of the agreement could reach approximately 1 GW by June 2030. This strategic move highlights the growing urgency for tech giants to diversify their energy sources to support the massive power demands of AI infrastructure, while also positioning Fervo as a key player in the clean energy transition.
Google's Historic 396 MW Clean Energy Deal Just Changed the Game for 1 AI Power Play
bing.com · 12 September 2026
The incredible advancements in artificial intelligence (AI) have spurred an investment supercycle, and technology companies are spending cash like never before to build data centers. However, they're hitting roadblocks, notably power. With grid connections lagging and residential customers wary of footing the bill for soaring energy costs, these tech giants are hunting for innovative power solutions to keep their data centers humming.
Google, a subsidiary of Alphabet (NASDAQ: GOOG)(NASDAQ: GOOGL), has teamed up with Fervo Energy (NASDAQ: FRVO) in a groundbreaking partnership to harness clean geothermal energy. After launching a pilot project a few years ago, they're taking things to the next level with a 396-megawatt (MW) power purchase agreement.
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This deal helps ensure that Google's power needs are met with reliable, clean energy and puts Fervo Energy on the map. Here's why it could be a game changer for Fervo, and what comes next for the energy stock.
Fervo and Google have been working together for a few years on geothermal power
Google and Fervo's partnership goes back to 2021, when the two companies collaborated on Project Red. This was Fervo's commercial proof-of-concept pilot, which successfully demonstrated the efficacy of its Enhanced Geothermal Systems (EGS) technology.
In June 2024, Fervo entered into a 115 MW power purchase agreement (PPA) with Google and NV Energy, enabling Google to bring new geothermal capacity online while shielding ratepayers from the costs. The partnership expanded further when Fervo committed to developing 3 gigawatts (GW) of geothermal projects.
On Sept. 1, Fervo signed a 396-MW PPA with Google, the largest enhanced geothermal PPA to date. Fervo will supply energy from its Cape Station development in Utah and aims to deliver power by 2028. Google also has an agreement to expand its offtake by 600 MW, bringing the agreement's total potential capacity to roughly 1 GW by June 2030.
How Fervo's EGS technology works
Central to this agreement is Fervo's EGS technology. Traditional geothermal energy relies on finding naturally occurring sites with all the ingredients needed to produce it. These are hard to find and generally only exist near active tectonic boundaries and volcanoes. Fervo's EGS uses horizontal drilling technology to generate geothermal energy wherever you can drill deep enough to reach hot rock.
This text was published by bing.com and written by Courtney Carlsen, The Motley Fool. It is reproduced here with attribution so you can read it in full; the rights remain with the publisher. Read it at the source ↗
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