Key risks remain, however, including “first-of-a-kind execution,” interconnection bottlenecks, capital intensity and competing technology paths, according to a research note from financial services company William Blair.

The geothermal startup will supply 400 MW from its Cape Station project to a Google data center in Utah. An initial phase of the project will come online…

Google signed a 396MW geothermal power deal with Fervo Energy for Utah's Cape Station project, its largest agreement yet, with deliveries