Official Source: Fervo Cape Station Groundbreaking
source confidence: Medium status: Useful updated 2026-08-11
Summary
Fervo's September 25, 2023 announcement describes the Cape Station enhanced-geothermal project in Beaver County, Utah.
Useful Claims
- Fervo announced Cape Station as a 400 MW next-generation geothermal project delivering 24/7 carbon-free electricity. This figure is historical — see the 2026 IPO prospectus for the current 500-megawatt figure.
- The release places Cape Station in Beaver County, Utah, and projects roughly 6,600 jobs during construction and 160 full-time operating jobs, generating more than $437 million in earned wages.
- It stated Cape Station would begin delivering around-the-clock clean power to the grid in 2026 and reach full-scale production in 2028.
- The mayor of Milford, Utah is quoted, locating the project in the Milford Valley.
- The page's latest-news module carried Fervo's registration-statement news when first accessed, and by the August 2026 capture it had rotated to later items. Filing dates therefore belong to the filings, not to this module: see Fervo Energy IPO Prospectus (Form 424B4, May 2026).
Verbatim
"Fervo Energy ('Fervo'), the leader in next-generation geothermal technology, today held a groundbreaking ceremony to mark the start of its exploration drilling campaign at Cape Station, a next-generation geothermal energy project set to deliver 400 MW of 24/7 carbon-free electricity." — Opening paragraph
"Located in Beaver County, Utah, Cape Station will provide roughly 6,600 jobs during construction and 160 full-time jobs throughout its operations, generating more than $437 million in earned wages." — Body
"Cape Station will begin delivering around-the-clock, clean power to the grid in 2026 and reach full scale production in 2028." — Body
"'Beaver County, Utah is the perfect place to deploy our next-generation geothermal technology,' said Tim Latimer, Fervo Energy CEO and Co-Founder." — Quoted statement
Reliability Notes
Self-reported tier. Strong evidence for what was announced on September 25, 2023, for the project's location, and for the company's framing at that time. It is not validation that the project performs as planned, and the job and wage figures are the company's own construction-phase projections, not measured outcomes.
Superseded on capacity and schedule. The 400 MW figure and the 2026/2028 schedule are the 2023
announcement. Fervo's May 2026 IPO prospectus states 500 megawatts under construction with first power
by late 2026 and roughly 100 MW operating by early 2027; cite
Source: Fervo Energy IPO Prospectus (Form 424B4, May 2026) for
current figures. Both are kept: the change in the number is itself a fact about the project, and
meta/conventions.md P5 precedent 3 requires the conflict to be stated rather than quietly resolved.