On August 26, 2026, Fervo Energy's subsidiary Cape Generating Station 6 LLC entered into a Power Purchase Agreement with Google Energy LLC to sell energy from a 396 MW enhanced geothermal systems project at Cape Station in Utah. The agreement features a 15-year term and delivery in four successive 99 MW sub-tranches, with commercial operation beginning in the third quarter of 2028. Fervo also offered Google an option to expand capacity by approximately 600 MW, potentially reaching nearly 1 GW total contracted capacity by June 2030. The project aims to utilize flexible power delivery pathways under Utah Senate Bill 132 for direct data center interconnection, with expanded delivery anticipated in the first half of 2030 subject to regulatory approvals. Fervo Energy operates in the geothermal energy industry and develops utility-scale enhanced geothermal systems.

Fervo Energy Company reported financial and operational results for the second quarter ended June 30, 2026, marking its debut as a public company following an IPO in May that raised approximately $2.2 billion in gross proceeds. The company reported a Q2 operating loss of $28.7 million and a net loss of $55.9 million, with capital expenditures totaling $226.5 million compared to $108.0 million in the prior year period. Fervo advanced Cape Station Phase I toward commercial operation, achieving mechanical completion on GeoBlocks 1 and 2, while setting a new drilling record with Sawtooth 7 reaching nearly 19,500 feet in 21 days. The company raised its long-term development target to 1.1 gigawatts by 2030 and expects total capital expenditures of $850.0 to $900.0 million for the second half of 2026. Fervo Energy operates in the geothermal energy industry, developing enhanced geothermal systems to provide firm, carbon-free power.

Fervo Energy Company issued a press release on June 22, 2026, announcing its financial and operating results for the first quarter ended March 31, 2026. The company provides these results via an earnings release furnished as Exhibit 99.1. Fervo Energy Company operates in the energy industry, focusing on geothermal energy technology.

Fervo Energy Company appointed Sarah Jewett as Chief Operating Officer, effective June 15, 2026. Jewett previously served as Senior Vice President of Strategy and has been with the company since 2020. Her new compensation package includes an annual base salary of $400,000, a target performance-based cash bonus of 55% of her base salary, and a grant of 29,629 restricted stock units under the 2026 Incentive Award Plan. The RSUs vest over a four-year period. Fervo Energy Company is a geothermal energy company.