Power Purchase Agreements

Fervo Energy’s first 33-MW Cape Station GeoBlock entered commercial operation in Utah one day ahead of its contractual date, with revenue flowing under a power purchase agreement. The project signals growing demand for firm, carbon-free power—including from AI data centers—but the reported agreements are private-sector deals, not government procurements.

RWE has signed a transformative 15-year power purchase agreement (PPA) with Google for the Crooked Creek solar project in Oklahoma. This partnership underscores the increasing demand for renewable energy sources driven by the growth of AI and data centers, presenting new procurement opportunities.