Cape Station Geothermal Project
Sector: Geothermal • Location: Utah, USA
Source: Renewables Now
US enhanced geothermal system (EGS) developer Fervo Energy has raised USD 462 million in an oversubscribed Series E financing round to support the delivery of its flagship project, Cape Station, under construction in Utah, and advance other projects within its growing pipeline. The Cape Station project is expected to be the largest next-generation geothermal development in the world. Cape Station
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Participants
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Status
Original status | under construction |
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Available timestamps | 00-00-0000 |
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Contact
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Description
Description | US enhanced geothermal system (EGS) developer Fervo Energy has raised USD 462 million in an oversubscribed Series E financing round to support the delivery of its flagship project, Cape Station, under construction in Utah, and advance other projects within its growing pipeline. The Cape Station project is expected to be the largest next-generation geothermal development in the world. Cape Station Phase I is planned to deliver 100 MW of baseload clean power to the grid beginning in 2026, while Phase II will generate an additional 400 MW and is expected to go live by 2028. Shell is an off-taker for the project. |
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Original Currency | USD |
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Location
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Source
Source reliability | High |
Data quality score | 100% |
Source | Obfuscated Data |
URL | obfuscated_data,obfuscateddata.com |
More Details
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