Fervo Energy, a geothermal energy developer based in Houston, has closed on financing for construction of the Cape Station project near Milford in Beaver County. XRL-ALC LLC, an affiliate of Irvington, New York-based X-Caliber Rural Capital, has provided a $100 million bridge loan to support Phase 1 development of the project, billed as the world’s largest next-generation geothermal project.
XRL-ALC LLC offers conventional construction financing for commercial real estate and infrastructure projects located in “micro-rural areas.” Cape Station qualifies because of its remote location in Please log in to see the rest of this story.
