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X-Caliber Rural Capital Affiliate Closes $100MM Loan for Fervo Energy’s Cape Station Project
Sep 10, 2024•almost 2 years ago
Contract Type
partnership
Financial ServicesReal EstateFinanceLending
Description
X-Caliber Rural Capital's affiliate, XRL-ALC, LLC, has closed a $100MM bridge loan to support Phase I development of Fervo Energy’s Cape Station project in Beaver County, Utah. The Cape Station project is the world’s largest next-generation geothermal project, which will generate 90 MW of renewable energy capacity and is expected to be completed by June 2026.
Agreement Insights
Based on industry dataStrategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies
Contract momentum indicator
Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months