Fervo Energy has announced a quarter billion dollars in financing and is aiming for 2026 to start operating Utah's first enhanced geothermal energy project in Beaver County.
The Cape Station enhanced geothermal plant outside Milford is expected to start producing power by summer 2026.This story is part of The Salt Lake Tribune’s ongoing commitment to identify solutions to Utah’s biggest challenges through the work of the Innovation Lab.Fervo Energy has announced new financing and technical advances that put the Houston-based company on track to open the world’s largest enhanced geothermal power plant in Beaver County in two years.
It also will be “dispatchable” power, which the Utah Legislature has made a priority. By varying the amount of water pumped through the system, the plant can produce power on demand or shut down when intermittent sources like solar and wind are producing. There are a number of power plants that currently run on geothermal energy, but they exist only where hot springs carry water to the surface. Enhanced geothermal energy is produced by drilling into solid rock. It is heated by underground magma sources but has no water flowing through.
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