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Why Fervo Energy Stock Is Up Today

By newsfeedback@fool.com (Joe Tenebruso)

Read original article on Motley Fool

Shares of Fervo Energy (NASDAQ: FRVO) rose on Thursday after the next-generation electricity producer announced that it achieved First Power at its flagship Cape Station project in Beaver County, Utah.

Image source: Fervo Energy.

The milestone marks the first time a utility-scale enhanced geothermal project has progressed from planning and development into an operating power plant selling electricity to the grid.

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This story was originally published on Motley Fool. DennTech aggregates headlines from top crypto publications to keep traders informed.

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