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State

Agreement signed

Capacity under contract is not energy supplied.

Open question

Who has committed to buy the output, on what stated terms, and has any energy been supplied?

  • Not established in reviewed sources: Contract prices for any Cape Station PPA
  • Not established in reviewed sources: Which offtaker receives GeoBlock 1's output first under commercial operation
  • Not established in reviewed sources: Whether the Google PPA has received the regulatory approvals it references
  1. Current stateAgreement signed1 September 2026 · Company reported · Fervo Energy (SEC filing, Form 8-K exhibit)

    Before: Not established in reviewed sources. Source: Fervo Energy (SEC filing, Form 8-K exhibit) ↗

  2. Earlier statementAgreement signed13 August 2026 · Company reported · Fervo Energy (SEC filing, Form 10-Q)

    Before: Not established in reviewed sources. Source: Fervo Energy (SEC filing, Form 10-Q) ↗

  3. Earlier statementAgreement signed15 April 2025 · Company reported · Fervo Energy (via Business Wire, syndicated by Silicon UK)

    Before: Not established in reviewed sources. Source: Fervo Energy (via Business Wire, syndicated by Silicon UK) ↗

  4. Earlier statementAgreement signed28 June 2024 · Secondary report · Utility Dive

    Before: Not established in reviewed sources. Source: Utility Dive ↗

Evidence detail

Agreement signed

15-year PPA, 31 MW, Shell Energy as first offtaker from Phase I

Capacity under contract is not energy supplied.

“today announced the execution of a 15-year power purchase agreement with Shell Energy North America (US), L.P. (“Shell Energy”) for 31 MW of 24/7 carbon-free geothermal power (the “Agreement”).”
Attribution
Company reported
Publisher
Fervo Energy (via Business Wire, syndicated by Silicon UK)
Dated
15 April 2025
First public disclosure
15 April 2025
State before
Not established in reviewed sources
Counterparty
Shell Energy North America (US), L.P.
Detail
Bindingness not stated
Source read
11 November 2026

Inspect primary source: Fervo Energy (via Business Wire, syndicated by Silicon UK) ↗

What this does and does not establish

An exact passage match shows the source says this. It does not prove the underlying claim is true.

Watch customer / offtakeInspect project history