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Fervo’s Geothermal Rides Shale-Tech Playbook to $1.9B IPO

With funding and permitting secured and construction underway, Fervo Energy's Cape Station project in Utah is on track to begin commercial operations in 2026.
Fervo Energy's Cape Station project near Milford, Utah, is on track to begin commercial operations in 2026. (Fervo Energy)
May 13, 2026 03:43 PM CDT