BUZZ - Fervo stock rises as Cape power plant starts generating electricity ahead of schedule
路透社2026/10/01 11:56October 1 - ** Geothermal energy developer Fervo Energy (FRVO.O) shares rose 2.4% in premarket trading to $13.90
** The company announced that its Cape Station geothermal project (link) has officially commenced commercial operations
** The company stated that the first generating unit of the Cape Station project began commercial power generation ahead of schedule
** The remaining units in the first phase are expected to enter commercial operation in early 2027
** In early September, FRVO was selected for two geothermal projects in Idaho and Nevada funded by the U.S. Department of Energy (link)
** Since its IPO in May, the share price has fallen by about 63%
(To assist non-English speakers, Reuters has automatically translated its report into several other languages. As automated translation may contain errors or lack necessary context, Reuters does not guarantee the accuracy of the automated translation. It is provided for readers’ convenience only. Reuters assumes no responsibility for any damage or loss arising from the use of the automated translation feature.)
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