Fervo Signs 396-MW Geothermal Power Supply Deal with Google; Shares Jump
Google can expand purchases by about 600 MW, bringing total potential capacity to nearly 1 gigawatt by June 2030, Fervo said.
- On Tuesday, Fervo Energy signed a deal to supply 396 megawatts of geothermal power to Google from its Cape Station project in Utah, sending shares up nearly 14 per cent in premarket trading.
- The agreement builds on an existing partnership from Project Red in Nevada, where Fervo CEO and co-founder Tim Latimer said, "This agreement reinforces that EGS is ready to power the next generation of computing infrastructure."
- Under the agreement, Google holds an option to increase power purchases by about 600 MW, bringing total potential capacity to nearly 1 gigawatt by June 2030, Fervo said.
- Lucia Tian, Google's director of advanced energy technologies, told The Wall Street Journal the company lacks clarity on the data center's Utah location, though "it will be a foundational building block of power generation for a data center presence in Utah."
- Fervo's total contracted capacity now stands at around 1,000 megawatts, with Shell and Southern California Edison among other buyers, reflecting rising electricity demand from data centers driving investment in new generation capacity across the U.S.
11 Articles
11 Articles
Fervo signs 396-MW geothermal power supply deal with Google; shares jump
Fervo Secures Its Largest-Ever Geothermal Power Deal, With Google %
Geothermal company Fervo Energy has signed a major deal to sell power to Alphabet’s Google from a Utah project that it plans to turn into the world’s largest enhanced geothermal facility. The agreement for nearly 400 megawatts of electricity is enough to power a midsize city and would be Fervo’s largest-ever power deal. Fervo plans... The post Fervo Secures Its Largest-Ever Geothermal Power Deal, With Google appeared first on C3News Mag.
Google agreed to buy 396 MW of geothermal energy from Fervo Energy for a data center in Utah, in a clean electricity bet available all day as demand grows associated with artificial intelligence.
Cryptocurrency News | Cryptocurrency Prices | Market Cap
Crypto BriefingGoogle signs 396MW geothermal deal with Fervo Energy for Utah project
Google's geothermal deal with Fervo Energy highlights a shift towards sustainable, 24/7 energy solutions for tech giants' growing power needs. The post Google signs 396MW geothermal deal with Fervo Energy for Utah project appeared first on Crypto Briefing .
Coverage Details
Bias Distribution
- 100% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
