No. 90 Cape Station, UT

Aerial view of Cape Station in Beaver County, Utah — a $245.9MM multi-phase geothermal project financed with EB-5 support from American Lending Center. Developed by Fervo Energy, the site will deliver 24/7 clean energy starting in 2026, creating 6,600 construction jobs and 160 permanent positions.

Geothermal drilling rig at Cape Station near Milford, Utah. Backed by $64MM in EB-5 funding through American Lending Center, this renewable energy project positions Fervo Energy as a global leader in geothermal technology while expanding clean power and economic opportunity for rural communities.

No. 90 Cape Station

Location: Beaver County, Utah
Project Investment: $245.9MM
EB-5 Funding Amount: $64MM

Project Description:

Cape Station is a multi-phase geothermal development project by Fervo Energy. Phase I is set to begin delivering 24/7 clean energy to the grid in 2026. Currently, it ranks as the top company in the new geothermal energy sector in terms of financing capability. Fervo Energy is a pioneer in the global renewable energy technology and development field, with funding strength that leads the industry. The multiple phases of the Cape Station project will create an estimated 6,600 construction jobs and 160 permanent full-time positions. It is 7.5 miles from Milford, a town of 1,400 people.

Cape Station is a multi-phase geothermal development project by Fervo Energy. Phase I is set to begin delivering 24/7 clean energy to the grid in 2026. Currently, it ranks as the top company in the new geothermal energy sector in terms of financing capability. Fervo Energy is a pioneer in the global renewable energy technology and development field, with funding strength that leads the industry.

The multiple phases of the Cape Station project will create an estimated 6,600 construction jobs and 160 permanent full-time positions. It is 7.5 miles from Milford, a town of 1,400 people.