Fervo Energy has commenced an exploration drilling campaign at its Cape Station geothermal energy project, which will deliver 400 MW of around-the-clock carbon-free electricity starting in 2026 and reach full-scale production by 2028.
“Utah is no stranger to energy leadership. For decades, oil and gas workers in the Uinta Basin have produced energy vital to the growth of not just our state but our nation,” said Utah Governor Spencer Cox. “Geothermal innovations like those pioneered by Fervo will play a critical role in extending Utah’s energy leadership for generations to come.”
The project, located in Beaver County, Utah, will create approximately 6,600 construction jobs, and once operational, it will deliver 160 full-time jobs, resulting in more than $437 million in earned wages. The project will also benefit from the Department of Energy’s Frontier Observatory for Research in Geothermal Energy (FORGE), which seeks to advance regional geothermal development.
“Beaver County, Utah is the perfect place to deploy our next-generation geothermal technology,” said Tim Latimer, Fervo Energy CEO and Co-Founder. “Thanks to cutting-edge research and data collection from FORGE, Fervo can accelerate the production of the region’s geothermal resources.”
In total, the Cape Station project has the potential to channel $1.1 billion to supply chains and local businesses, and Fervo will work with oil and gas companies like Helmerich & Payne, Devon Energy, and Liberty Energy.
“Fervo’s Cape Station will be a tremendous asset to the Milford Valley, breathing life into the local economy and providing jobs to our hard-working residents,” said Nolan Davis, Mayor of Milford, Utah.