Fervo Energy (FRVO) Bags New Power Deal, Soars 28%; Hedge Fund Interest Climbs

Fervo Energy shares climbed 28.41 percent on Tuesday, closing at $19.75 each following the announcement of a significant power purchase agreement with Google. The accord centers on the Cape Station project in Utah, through which Fervo will provide 396 megawatts of power to support Google’s data center expansion. The initial phase of the project has progressed toward commercial operations, while development efforts on a second phase are underway, with eight GeoBlocks expected to become ope