Business Wire
Summary
Fervo Energy (“Fervo”), the leader in next-generation geothermal development, today announced the execution of a 15-year power purchase agreement with Shell Energy North America (US), L.P. (“Shell Energy”) for 31 MW of 24/7 carbon-free geothermal power (the “Agreement”). Shell Energy will use the power purchased under the Agreement to serve its retail load customers beginning in 2026.
Cape Station is the world’s largest enhanced geothermal systems (EGS) development and will begin delivering electricity to the grid in 2026. With this agreement, Shell Energy expands its renewable energy portfolio, which already includes wind, solar, and battery storage, by adding firm, zero-emission geothermal energy to serve retail load customers.
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