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Fervo Energy Breaks Through Startup Challenges With $421M Loan

TechCrunch

Fervo Energy's $421M loan signals its potential exit from the 'valley of death' as it advances its Cape Station geothermal project in Utah.

Fervo Energy secures $421 million loan for Cape Station project.

Non-recourse financing indicates confidence in geothermal technology.

Cape Station to scale from 100MW to 500MW by 2027.

Geothermal energy is emerging as a reliable clean energy source.

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