Transactions
CYRQ Energy, Inc.
Sale of 13 MW Thermo No.1 Geothermal Project provided by:
ING Capital
Cyrq Energy (“Cyrq”), a leading geothermal power company, successfully secured financing of the 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.