This is the sort of PPA that will take next-generation geothermal forward.
320 MW !
Details of the Cape Station project as follows:
"Geothermal start-up Fervo Energy has sealed a deal to supply geothermal energy to local utility Southern California Edison (SCE) for 15 years from its 400-MW Cape Station project, currently under construction in southwest Utah.
Located in Beaver County, Cape Station will be realised in two stages. The first 70-MW phase is scheduled to be operational by 2026, while the second one is expected to go live by 2028.
The parties have signed two power purchase agreement (PPA) for a total of 320 MW, an amount equivalent to the annual power needs of 350,000 homes, a press statement said today.
With the SCE contract, Fervo noted that it has now contracted 373 MW of renewable power from Cape Station, boasting the world’s largest geothermal PPA. In 2022, the company contracted 53 MW to California community choice aggregators."
https://lnkd.in/gq7JXaZH
California has plenty of geothermal resources at The Geysers and Salton Sea. So do Indonesia and the Philippines.
But the known geothermal reserves are for conventional hydrothermal. Next-generation geothermal opens up so many more possible areas.
Data centres in these Ring of Fire countries can be powered by clean baseload geothermal energy.
We just executed two PPAs with one of the nation’s largest utilities. ✅
Southern California Edison (SCE) will purchase enough power from Fervo’s 400 MW Cape Station project for the equivalent of 350,000 homes across Southern #California.
We are excited to support California’s commitment to clean, zero-carbon electricity by providing a dependable and adaptable solution.
More here: https://lnkd.in/dTkRDs2P
#geothermal #EGS
