Fervo Energy Company was incorporated in Delaware on May 26, 2017. The company is a pioneer in enhanced geothermal systems, commercializing scalable, rapidly deployable power by applying proven technologies—including horizontal drilling and multi-stage hydraulic fracturing—to convert geothermal energy into utility-scale electricity solutions. Its commercial pilot project, Red, has been delivering clean electrons to the grid and generating revenue since 2023. The company is currently constructing Cape Station, a 500 MW greenfield project expected to deliver first power by the end of 2026, with binding power purchase agreements signed with investment-grade utilities and corporate energy buyers including Southern California Edison and Shell.