X-Caliber announced that X-Caliber Rural Capital affiliate, XRL-ALC, LLC (XRA), recently closed a $100 million bridge loan to support Phase I development of Fervo Energy’s Cape Station project in Beaver County, UT. The Cape Station project has the distinction of being the world’s largest next-generation geothermal project.
X-Caliber Rural Capital owns XRA, an affiliate that offers conventional construction financing for commercial real estate and infrastructure projects located in micro-rural areas.
Cape Station Phase I will generate 90 MW of renewable energy capacity and is expected to be completed by June 2026. Phase I is part of a multi-phased development that will create 400 MW of carbon-free, firm capacity to supply around-the-clock power to the grid by 2028.
