Plum Acquisition Corp. IV and Controlled Thermal Resources Outline a Large-Scale Geothermal and Critical Minerals Platform Plum Acquisition Corp. IV (“Plum IV”) and Controlled Thermal Resources Holdings Inc. (“CTR”) are moving toward a proposed business combination that would create a public company focused on one of the most ambitious geothermal and critical minerals developments in the United States. The combined entity is expected to trade on Nasdaq under the pro forma ticker CTRH, reflecting a platform built around clean baseload power, lithium recovery, and broader critical minerals production. The investor presentation dated August 2026 frames the transaction around CTR’s Hell’s Kitchen project in Imperial County, California, which is presented as a strategically positioned resource opportunity with energy, minerals, infrastructure, and permitting advantages. At the center of the presentation is a clear message: this is not just a power project, and it is not j...
Fervo Energy Secures $421 Million in Non-Recourse Financing for Cape Station: A Major Milestone for Enhanced Geothermal Systems Image: Fervo Energy Secures $421M Non-Recourse Financing for Cape Station – A Geothermal Breakthrough Posted on March 19, 2026 by Alphaxioms Geothermal News In a landmark development for the geothermal energy sector, Fervo Energy has successfully closed $421 million in non-recourse project financing for the first phase of its flagship Cape Station project. Announced today, this oversubscribed debt package signals the growing bankability of Enhanced Geothermal Systems (EGS) and positions Cape Station as a mature, utility-scale clean energy asset ready to meet surging demand for reliable, carbon-free power. Located in Beaver County, Utah (northeast of Milford), Cape Station is set to become the world's largest next-generation geothermal development. The project will deliver approximately 100 MW of operating capacity by early 2027, with first power t...