Web3
Fervo Energy Company stock jumps 19.8% after Google’s record geothermal deal
The Cryptonomist·September 2, 2026·1 min read
Fervo Energy stock jumped 19.8% to $19.75 on September 1, 2026, after Google agreed to buy 396 megawatts from the Cape Station project in Utah—the world's largest enhanced geothermal PPA. Volume hit 35.1 million shares, signaling institutional repositioning. FRVO surged from $16.48.
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