CYRQ Energy, Inc.
Thermo No. 1 Geothermal Project
Debt Raise for the 13 MW Thermo No.1 Geothermal Project provided by:
Cyrq Energy (“Cyrq”), a leading geothermal power company, successfully closed a geothermal debt financing transaction to support its Thermo No. 1 operating plant (“Thermo”). Thermo, an attractive operational geothermal electric generating facility located in Beaver County, Utah, provides power to the City of Anaheim, California under a long-term power purchase agreement. The Project has a state-of-the-art Ormat water-cooled binary cycle unit supported by a robust, proven geothermal resource, with further potential capacity expansion upside.
Marathon Capital acted as exclusive financial advisor to Cyrq for this transaction.