According to Fervo Energy on November 10, the geothermal power company reduced its 2026 second-half capital expenditure guidance to $700-750 million from the previously estimated $850-900 million, citing improved engineering schedules allowing deferred spending. The Google power supply project remains on track for 2028 commercial operation with total investment budget maintained at approximately $2.2 billion. Fervo's Cape Station facility, featuring a 33MW unit that began commercial operation on September 30, generated initial revenue under its power purchase agreement with performance metrics meeting expectations. The Google contract, signed in September, covers 396MW across eight units with electricity delivery expected from mid-2028 through year-end.

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