💡Google Buys 396 MW of Utah Geothermal Power
Google's latest clean energy play: geothermal
TL;DR
Google agreed to buy 396 MW from Fervo's Cape Station power plant in Utah, part of its net-zero emissions goal. The deal could double U.S. geothermal capacity if fully developed.
Google has committed to buying 396 megawatts of electricity from Fervo's Cape Station power plant in Utah, set to come online in 2028. This deal is a significant step in Google's quest for clean energy, aiming to reach net-zero emissions by 2030. The project could double the U.S. geothermal generating capacity if fully developed, with Fervo permitted to expand up to 2 gigawatts. Google's long-standing partnership with Fervo, including early investment and power purchase, underscores the tech giant's commitment to innovative clean energy solutions.
Key Points
Google agreed to buy 396 MW from Fervo's Cape Station in Utah, set to come online in 2028.
The deal could double U.S. geothermal capacity if Fervo's full 2 GW is developed.
Google has the option to buy an additional 600 MW through June 2030.
Fervo's Cape Station holds enough heat to generate up to 4 GW of electricity.
Google's investment in Fervo's last funding round before its public debut.
Why It Matters
Google's 396 MW purchase from Fervo's Cape Station is a major boost for geothermal energy. It could significantly reduce Google's carbon footprint and set a precedent for other tech giants to follow. This deal is particularly impactful for renewable energy startups and investors looking to scale geothermal projects.
Frequently Asked Questions
Why does this matter?
Google's 396 MW purchase from Fervo's Cape Station is a major boost for geothermal energy. It could significantly reduce Google's carbon footprint and set a precedent for other tech giants to follow. This deal is particularly impactful for renewable energy startups and investors looking to scale geothermal projects.
What happened?
Google agreed to buy 396 MW from Fervo's Cape Station power plant in Utah, part of its net-zero emissions goal. The deal could double U.S. geothermal capacity if fully developed.
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