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Fervo Energy Shares Rise 26.1% After Cape Station Milestone

Fervo declared its first 33-megawatt Cape Station GeoBlock commercially operational Sept. 30, ahead of its contractual commercial operation date.

Geothermal wellheads stand across a Utah desert site / TokenPost.ai
Geothermal wellheads stand across a Utah desert site / TokenPost.ai

Fervo Energy (FRVO) shares finished Monday, Nov. 9, up 26.1% after the company declared its first Cape Station GeoBlock commercially operational Sept. 30, advancing its Utah project’s first phase.

Cape Station’s first phase is designed to produce 100 megawatts through three 33-megawatt GeoBlocks. The declaration follows the project’s earlier first-power milestone.

John Kim

John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.

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