Brief
Utah Geothermal Plant Scores $421M Financing
Fervo Energy closed a $421 million non-recourse debt financing for the first phase of its flagship Cape Station enhanced geothermal systems (EGS) development in Beaver County, Utah. EGS are engineered
Summary
Fervo Energy closed a $421 million non-recourse debt financing for the first phase of its flagship Cape Station enhanced geothermal systems (EGS) development in Beaver County, Utah.
EGS are engineered reservoirs that create clean, baseload electricity by injecting fluid into hot, impermeable underground rock, creating fractures for water circulation.
Cape Station will begin delivering first power...
Source
- Connect CREconnectcre.com
