Cape Station Phase I — 100 MW enhanced geothermal (EGS), Beaver County, Utah
$206M to accelerate Cape Station development: $100M project-level preferred equity from Breakthrough Energy Catalyst, term loan facility with Mercuria upsized from $40M to $100M, XRA bridge loan upsized from $100M to $145.6M. Phase I (100 MW) targets COD 2026; Phase II adds 400 MW by 2028. PPAs with Southern California Edison (320 MW) and Google (Nevada Clean Transition Tariff).
$206M
Deal Value
100MW
Capacity
Geothermal
Technology
UT
Location
Deal Details
- Deal Type
- Project Finance
- Seller / Sponsor
- Fervo Energy
- Buyer / Financier
- Breakthrough Energy Catalyst, Mercuria, XRA
- Deal Value
- $206M
- Stage
- Construction
- ISO/RTO
- Western
- Source
- Fervo Energy
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