Fervo Energy Company said it has put the first unit at Cape Station, its Utah geothermal project, into commercial operation, moving a three-unit first phase toward about 100 megawatts.
In an earnings release filed with the U.S. Securities and Exchange Commission, Fervo identified the unit as GeoBlock 1 and said it began commercial operation Sept. 30, ahead of the date set in its contract.
GeoBlock 1 is rated at 33 megawatts. The planned first phase combines three such units for about 100 megawatts. Fervo expects GeoBlocks 2 and 3 to enter commercial operation by Jan. 1, 2027.
The company also expects Cape Station’s fourth quarter to be its first full quarter of revenue. Separately, Yahoo Finance market data showed Fervo shares closed up 26.1% on Monday, Nov. 9.
