Core Insights - Baker Hughes Company (BKR) has secured a significant contract from Fervo Energy to design and deliver advanced power generation equipment for the Cape Station Phase II geothermal project in Utah, marking a pivotal advancement in geothermal development in the U.S. and emphasizing the increasing importance of energy technology in providing reliable, clean power [1][4]. Group 1: Project Details - Under the contract, Baker Hughes will supply equipment for five 60-megawatt Organic Rankine Cycle power plants, which will collectively generate approximately 300 megawatts of renewable baseload power, sufficient to power over 180,000 U.S. homes [2][10]. - The Cape Station project is ambitious, with Phase I expected to deliver 100 MW of clean baseload power by 2026 and Phase II adding another 400 MW by 2028, ultimately demonstrating the scalability and integration of geothermal energy into the U.S. energy mix [7]. Group 2: Technology and Innovation - The new facilities will utilize Enhanced Geothermal Systems (EGS), a technology developed by Fervo that employs advanced drilling and subsurface techniques to harness clean geothermal energy at scale, with Baker Hughes' equipment integrated into this system for optimized long-term power generation [3][6]. - Baker Hughes views geothermal power as a crucial element for a sustainable energy future, leveraging its technology portfolio to support lower-carbon solutions amid rising global power demand [6][8]. Group 3: Partnership and Growth - This contract builds on Baker Hughes' previous collaboration with Fervo Energy, which included providing subsurface drilling and production technologies, and represents a continuation of their partnership aimed at developing the Cape Station complex, which has the potential for up to 2 gigawatts of renewable capacity [5][10]. - The announcement highlights Baker Hughes' expanding role in the renewable energy sector, transitioning from traditional oilfield services to comprehensive clean energy technology solutions [8].