The first utility-scale next-generation geothermal plant is selling power
Fervo Energy switched on the first 33-megawatt unit at its Cape Station plant in southern Utah in late September, and Canary Media reports it is the first utility-scale, next-generation geothermal plant anywhere to sell power to the grid. Fervo creates reservoirs in hot, dry rock using oil and gas drilling methods, and plans to reach 500 MW by 2028. The part to watch is construction cost: the first phase is set to cost $7,000 per kilowatt, more than three times the average cost of building a new gas plant in 2025.Fervo Energy switched on the first 33-megawatt unit at its Cape Station plant in southern Utah in late September, and Canary Media reports it is the first utility-scale, next-generation geothermal plant anywhere to sell power to the grid. Fervo creates reservoirs in hot, dry rock using oil and gas drilling methods, and plans to reach 500 MW by 2028. The part to watch is construction cost: the first phase is set to cost $7,000 per kilowatt, more than three times the average cost of building a new gas plant in 2025.Expert summary pending. Showing the newcomer version.