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6 projects. Each card shows the whole-project scope; units keep their own record inside.

Fusion

Advanced nuclear

Next-generation geothermal

Next-generation geothermal · United States: Utah (federal BLM land and private land)

Cape Station

Fervo Energy · Public (FRVO) · Enhanced geothermal systems (EGS) with modular power plants Fervo calls GeoBlocks (33 MW in Phase I, 50 MW in Phase II)

Technical milestones
Testing reported
Permissions
Permission issued
Financing
Drawn / disbursed
Customer / offtake
Agreement signed
Construction
Construction
Commissioning
Commissioning
Operational delivery
Not established

Whole-project scope shown. 3 units with their own record: GeoBlock 1, GeoBlock 2, GeoBlock 3. 37 public records reviewed · latest dated 9 November 2026

Dated changes in the last 90 days

Within the projects we maintain. Each row is one sourced statement; a target is labelled as a target.
StatedProject and unitDimensionWhat the source saysSource
9 November 2026Cape Station GeoBlock 2CommissioningSynchronised to the grid: GeoBlock 2, as described by Fervo Energy (SEC filing, Form 8-K exhibit)Company reported · Fervo Energy (SEC filing, Form 8-K exhibit) ↗
9 November 2026Cape Station GeoBlock 2CommissioningExporting test energy: GeoBlock 2, as described by Fervo Energy (SEC filing, Form 8-K exhibit)Company reported · Fervo Energy (SEC filing, Form 8-K exhibit) ↗
9 November 2026Cape Station GeoBlock 2Operational deliveryTarget: commercial operation, Jan 1, 2027Company reported · Fervo Energy (SEC filing, Form 8-K exhibit) ↗
9 November 2026Cape Station GeoBlock 3CommissioningCold commissioning: GeoBlock 3, as described by Fervo Energy (SEC filing, Form 8-K exhibit)Company reported · Fervo Energy (SEC filing, Form 8-K exhibit) ↗
9 November 2026Cape Station GeoBlock 3ConstructionMechanically complete: GeoBlock 3, as described by Fervo Energy (SEC filing, Form 8-K exhibit)Company reported · Fervo Energy (SEC filing, Form 8-K exhibit) ↗
9 November 2026Cape Station GeoBlock 3Operational deliveryTarget: commercial operation, Jan 1, 2027Company reported · Fervo Energy (SEC filing, Form 8-K exhibit) ↗
1 October 2026Cape Station GeoBlock 1Customer / offtakeSupply under contract started: Revenue being generated under Fervo's PPA from GeoBlock 1 (offtaker not named)Company reported · Fervo Energy (SEC filing, Form 8-K exhibit) ↗
1 October 2026Cape Station GeoBlock 1CommissioningSynchronised to the grid: GeoBlock 1 (33 MW) synchronized to the gridCompany reported · Fervo Energy (SEC filing, Form 8-K exhibit) ↗
1 October 2026Cape Station GeoBlock 1Operational deliveryCommercial operation: GeoBlock 1 declared commercial operation (one of three Phase I GeoBlocks; one day before its contractual COD)Company reported · Fervo Energy (SEC filing, Form 8-K exhibit) ↗
1 October 2026Cape Station GeoBlock 1Operational deliveryCommercial operation: GeoBlock 1 net output at commercial operation (company-reported) and Phase I configurationCompany reported · Fervo Energy (SEC filing, Form 8-K exhibit) ↗
1 October 2026Cape StationOperational deliveryTarget: commercial operation, Jan 1, 2027Company reported · Fervo Energy (SEC filing, Form 8-K exhibit) ↗
21 September 2026Hermes 2 Demonstration PlantFinancingConditional: Samsung C&T strategic investment in Kairos Power (company level), binding term sheet, subject to regulatory approvals; stated purpose is Hermes 2 deliveryJoint release · Kairos Power ↗
1 September 2026Cape StationCustomer / offtakeAgreement signed: 396 MW PPA for the Cape Station EGS GeoCluster expansion (expected online 2028), with an option for about 600 MW moreCompany reported · Fervo Energy (SEC filing, Form 8-K exhibit) ↗
20 August 2026Long Mott Generating StationPermissionsApplication accepted for review: NRC notices the mandatory (uncontested) hearing on the construction permit application, set for September 22, 2026 (application still under review)Regulator issued · U.S. Nuclear Regulatory Commission (Federal Register, via govinfo.gov) ↗
20 August 2026Long Mott Generating StationTechnical milestonesDesign disclosed: Plant configuration as described by the NRC: four Xe-100 reactors, 800 MW thermalRegulator issued · U.S. Nuclear Regulatory Commission (Federal Register, via govinfo.gov) ↗
13 August 2026Cape StationCustomer / offtakeAgreement signed: Phase II PPAs with SCE and Clean Power Alliance, including expansions (384 MW combined); Fervo discloses its transmission rights cover only the original contractsCompany reported · Fervo Energy (SEC filing, Form 10-Q) ↗
13 August 2026Cape StationFinancingDrawn / disbursed: Amount drawn (outstanding) under the Project Granite facility as of June 30, 2026 (partial draw of about $421.4 million in commitments)Company reported · Fervo Energy (SEC filing, Form 10-Q) ↗
13 August 2026Cape StationPermissionsPermission issued: Aggregate count: 79 of 80 government permits and approvals needed for Phase I commercial operation received, one still in process (company-reported)Company reported · Fervo Energy (SEC filing, Form 10-Q) ↗
13 August 2026Long Mott Generating StationCustomer / offtakeAgreement signed: Master Project Development Agreement with Dow, continuing the 2023 joint development agreementCompany reported · X-energy (SEC Form 10-Q, Q2 2026) ↗
13 August 2026Long Mott Generating StationOperational deliveryTarget: commercial operation, Date not disclosedCompany reported · X-energy (SEC Form 10-Q, Q2 2026) ↗
13 August 2026Long Mott Generating StationFinancingAnnounced: Funding responsibility for building the plant: Dow funds it and is eligible for 50% ARDP reimbursementCompany reported · X-energy (SEC Form 10-Q, Q2 2026) ↗
13 August 2026Long Mott Generating StationFinancingDrawn / disbursed: Cumulative ARDP reimbursements to X-energy as of June 30, 2026 (whole award: plant and TX-1 fuel facility work)Company reported · X-energy (SEC Form 10-Q, Q2 2026) ↗
13 August 2026Long Mott Generating StationFinancingClosed: DOE approves ARDP continuation application: budget period extended through March 2027Company reported · X-energy (SEC filing) ↗
13 August 2026Long Mott Generating StationFinancingConditional: Additional ARDP allocation to X-energy: selected, but subject to a contract modification and continuation approvals (amount not stated)Company reported · X-energy (SEC Form 10-Q, Q2 2026) ↗
13 August 2026Long Mott Generating StationPermissionsTarget: permission issued, Q1 2027Company reported · X-energy (SEC Form 10-Q, Q2 2026) ↗

How to read a record

Technical milestones are what the technology has been shown to do, with scale and conditions stated. Permissions name the exact action, authority and scope. Financing keeps announced, conditional, closed and drawn money apart. Customer and offtake records who agreed to buy, on what stated terms.

Construction is physical work on a unit. Commissioning is the tests on the way to service; test energy is not contracted delivery. Operational delivery is contracted commercial operation and what is on record about it. A target is kept as a target and never moves a state.

Methodology

What this is not

Not a ranking, a readiness score, a valuation, an engineering assessment, a legal opinion or investment advice. It lists the projects we maintain; a project that is absent has not been assessed. Dates are only as precise as their source, and corrections are dated with earlier versions kept.

To cite: “Power Inflection Project Progress Ledger”, with a link to the project page and the date you read it (11 November 2026).

Coverage and sourcesRequest a project