Fervo reports $11.9 billion in contracted revenue for geothermal power
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In its third-quarter earnings released Monday, Fervo said contracted revenue rose to $11.9 billion from $7.2 billion last quarter. It connected a 100 megawatt plant at Utah’s Cape Station this year and is on track to finish a 396 megawatt Google project, Cape Google 400, by the end of 2028; the site could eventually generate 8.4 gigawatts. CEO Tim Latimer said the deal is grid-connected and Google may sell power it does not need while Fervo builds on its own schedule.
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