Fervo Energy Company, global pioneer of next-generation geothermal energy, today reported financial and operational results for the third quarter ended September 30, 2026. Ended Q3 2026 with unrestricted cash and cash equivalents came to $1.9 billion. The filing was published on EDGAR at 13:37 UTC on Monday, 9 November 2026.
The release also reports:
- Declared commercial operation at Cape Station Phase I GeoBlock 1 on September 30, ahead of its contractual commercial operation date.
- GeoBlock 2 has achieved grid sync and is in its early operations phase, delivering test energy to the grid.
- In partnership with Google, Fervo signed what it believes is the largest enhanced geothermal power purchase agreement to date.
- In connection with this agreement, Fervo progressed construction across Cape Station GeoBlocks 4 through 11, now referred to as Cape Google 400.
Outlook: GeoBlocks 2 and 3 remain on schedule and are expected to achieve commercial operation by January 1, 2027, which will complete Cape Station • In partnership with Google, Fervo signed what it believes is the largest enhanced geothermal power purchase agreement to date.
Form 8-K is the current report that U.S. public companies file with the SEC to disclose significant events between their regular reports. This filing reports Item 2.02 (Results of Operations and Financial Condition), Item 7.01 (Regulation FD Disclosure) and Item 9.01 (Financial Statements and Exhibits). The press release is attached as Exhibit 99.1.
Source: U.S. Securities and Exchange Commission (EDGAR) filing