Fervo Energy signs a long-term power supply deal with Google for 396 MW of geothermal electricity, which multiple outlets describe as the company’s largest-ever agreement. Shares react positively to the announcement, with at least one report saying the stock jumps following the news.
The deal reflects growing interest in geothermal projects that use advanced drilling and “enhanced geothermal” approaches to increase output. One outlet also notes that Fervo has attracted notable investors early on, including Bill Gates, and that the company went public in May after a high-profile IPO.
While the outlets focus on different angles—one emphasizing the scale as Fervo’s biggest deal and another highlighting the immediate market reaction—both present the agreement with Google and its capacity as the core development. The reporting does not indicate, in the excerpts provided, when the power will begin delivering or specific project locations, but it frames the announcement within Fervo’s recent public-market debut and fundraising momentum.
