Vistra agrees USD 3.25bn buyout of zero-carbon energy unit
Sep 19, 2024 11:01 CESTItalian organic rankine cycle (ORC) systems maker Turboden has been selected to provide engineering and power plant equipment for the initial 90-MW phase of Fervo Energy’s geothermal project under development in Beaver County, Utah.
Under the agreement, Turboden, which is a unit of Mitsubishi Heavy Industries, will be responsible for the installation of three generators with six ORC turbines, ensuring optimal energy conversion from geothermal sources, according to a statement released today.
The Cape Station project is expected to have a total capacity of around 400 MW and become operational in 2026.
Last month, Fervo secured USD 244 million (EUR 229m) in a funding round to support the development of the initiative.
(USD 1 = EUR 0.939)
Vistra agrees USD 3.25bn buyout of zero-carbon energy unit
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