Google has entered into a power purchase agreement with geothermal energy company Fervo to acquire 396 megawatts of electricity from Fervo’s Cape Station power plant in Utah, with an option to purchase an additional 600 megawatts by June 2030. This deal supports Google’s commitment to net-zero emissions by 2030, complementing its existing purchases of clean energy from wind, solar, and battery sources, while also aiding its AI ambitions. The Cape Station site, where Fervo is permitted to develop up to 2 gigawatts of geothermal energy, is estimated by a third-party engineer to have the potential to generate twice that amount, which could significantly increase the U.S. geothermal generating capacity if fully developed. The agreement builds upon a long-standing relationship between Google and Fervo, which includes prior purchases of electricity and a recent investment by Google in Fervo’s funding round prior to the company’s public listing. The announcement of this deal led to a 30% increase in Fervo’s stock price. Source

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