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Stock impact report

Big companies bring their attention and wallets to geothermal project in Utah [Yahoo! Finance]

Edison International (EIX) 
Last edison international earnings: 4/30 04:05 pm Check Earnings Report
US:NYSE Investor Relations: edison.com/home/investors.html
Company Research Source: Yahoo! Finance
An ongoing geothermal project in southern Utah has the eyes and the money of big companies searching for cleaner energy sources — including tech giant Google. Fervo's Cape Station project has been under construction in Beaver County since 2023, drilling what's expected to become the largest enhanced geothermal system in the world. The first phase of the project goes online in 2026, and a $462 million private investment announced this month is keeping that goal on track. Infrastructure supporting about 500 megawatts of energy is currently under construction in the state. However, Sarah Jewett, senior vice president of strategy at Fervo, said the company's permit with the Bureau of Land Management allows it to build to produce two gigawatts. SUBSCRIBE: GET THE MORNING HEADLINES DELIVERED TO YOUR INBOX “Not only do we love Utah, we love southwest Utah, really, specifically, it's been a really terrific place to construct a project,” Jewett said. “And I think more and more we're l Show less Read more
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