Project: financingCompany-reported
What was reported
using proceeds from the Project Granite Facility, the $421 million non-recourse project debt financing for the first phase of Cape Station that Fervo closed in Q1 2026, and the XRC Facility was terminated.Regulator, government, developer and customer statements named in the Project Ledger · Fervo Energy (SEC filing, Form 8-K exhibit) statement · Aug 12, 2026 · Open the source ↗
What the evidence supports
That Fervo Energy (SEC filing, Form 8-K exhibit), the project's developer, published the quoted statement. It records "closed" for Project Granite: non-recourse project debt for Cape Station Phase I (closed Q1 2026; proceeds repaid the earlier XRC loan) under financing only. The amount is recorded as stated (About USD 421m).
What remains unknown
A closed facility alone establishes no draw. Whether the project is fully financed, and whether conditional money has closed or been drawn, unless the quoted passage says so.
Source passages
Exact excerpts from the source, with links. Quotes are checked character for character against our stored copy.
Fervo Energy (SEC filing, Form 8-K exhibit) statementusing proceeds from the Project Granite Facility, the $421 million non-recourse project debt financing for the first phase of Cape Station that Fervo closed in Q1 2026, and the XRC Facility was terminated.Regulator, government, developer and customer statements named in the Project Ledger · Fervo Energy (SEC filing, Form 8-K exhibit) statement · Aug 12, 2026 · Open the source ↗
Revision history
- Revision 1 · Nov 11, 2026, 21:14 UTC
Cape Station: Project Granite: non-recourse project debt for Cape Station Phase I (closed Q1 2026; proceeds repaid the earlier XRC loan) (closed)
Spotted an error? Tell us. Corrections are published, never silent: see all corrections.