Fervo Energy’s $1.89 Billion IPO Turns Utah’s Cape Station Into a Public-Market Geothermal Test Case
Houston-based Fervo Energy soared in its Nasdaq debut yesterday, but the company’s most important proving ground is in Beaver County, Utah where its planned 500-megawatt Cape Station project could help determine whether next-generation geothermal becomes bankable and scalable infrastructure.
14 May 2026 — HOUSTON, SALT LAKE CITY, and MILFORD, Utah
