# Fervo Energy Shares Rise 26.1% After Cape Station Milestone

By John Kim

Canonical URL: https://www.tokenpost.com/news/business/53456
Published: 2026-11-11T01:20:30.000Z
Updated: 2026-11-11T01:20:30.000Z
Section: Business

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

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](<https://www.tokenpost.com/news/technology/23729>).



## Links in this article

- [first-power milestone](https://www.tokenpost.com/news/technology/23729)