Fervo Energy Signs 31 MW Geothermal PPA with Shell Energy

Fervo Energy announces a 15-year power purchase agreement (PPA) with Shell Energy North America for 31 MW of 24/7 carbon-free geothermal energy.

• The PPA is for power from Phase I of Cape Station in Beaver County, Utah, expanding Fervo’s geothermal capacity from 400 MW to 500 MW.
• Innovations in well design and development enable a 100 MW capacity increase without extra drilling.
• Shell Energy will deliver the geothermal power to retail load customers starting in 2026.
• The deal supports California’s mandate for 1,000 MW of non-weather-dependent, non-battery zero-emission energy.
• Cape Station is the world’s largest enhanced geothermal systems (EGS) project, now fully contracted at 500 MW capacity.
  This agreement highlights the growing demand for firm, carbon-free geothermal energy within the renewable energy mix.