Fervo rises after Cape Station starts power production ahead of schedule

Fervo Energy

01/10/2026 12:49

** Shares of geothermal energy developer Fervo Energy FRVO.O up 2.4% at $13.90 premarket 
** Co declares commercial operation at Cape Station geothermal project
** Cape Station's first power unit started commercial power production ahead of schedule, co says
** Remaining Phase I units are expected to start commercial operations by early 2027
** FRVO was selected for two US Department of Energy-funded geothermal projects in Idaho and Nevada earlier in September
** Since its IPO in May, stock has fallen about 63%

 (Reporting by Darshan Kumar in Bengaluru)
 ((darshan.kumar@thomsonreuters.com))