American Lending Center Announces Full Repayment of $146 Million EB-5 Senior Loan for Fervo Energy’s Cape Station

IRVINE, Calif.--(BUSINESS WIRE)--American Lending Center Holdings Inc. (ALC), a mission-driven non-bank lending institution and federally designated EB-5 Regional Center, today announced the full repayment of its $146 million EB-5 senior loan for Fervo Energy’s Cape Station Phase I Project.

We’re pleased to have supported a project that not only met its financing objectives within a relatively short timeframe, but also contributes to advancing reliable, carbon-free energy solutions.

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The repayment marks the completion of the project’s financing cycle in approximately 18 months and represents one of the largest utility-scale energy projects involving EB-5 financing under the EB-5 Reform and Integrity Act of 2022 (RIA) to reach successful completion.

Cape Station is part of Fervo Energy’s broader effort to advance next-generation geothermal technology, designed to deliver carbon-free, reliable energy at scale. The project brings together a unique combination of capital sources, technical innovation, and strategic partnerships. Located in Beaver County, Utah, the project reflects the growing role of innovative infrastructure investments in expanding access to clean energy while supporting economic development in underserved regions.

“This outcome reflects strong coordination across project partners and disciplined execution throughout the development process,” said John Shen, founder and CEO, American Lending Center. “We’re pleased to have supported a project that not only met its financing objectives within a relatively short timeframe, but also contributes to advancing reliable, carbon-free energy solutions.”

In addition to its repayment timeline, the project is expected to generate job creation significantly exceeding—approximately 2x—EB-5 program requirements. As one of the early projects under RIA to reach full-cycle repayment, it reflects a broader shift in how EB-5 capital can be deployed to support complex, technology-driven infrastructure developments.

“At ALC, we take an immigrant-first investing approach—structuring capital with a focus on investor outcomes while supporting projects that deliver meaningful economic and community impact,” said Gary N. Merson, President, American Lending Center. “This project illustrates how that approach can align investor’s goals with the advancement of transformative industries like clean energy.”

The successful repayment of Cape Station Phase I highlights the importance of collaboration among capital providers, project developers, and industry partners in bringing innovative energy solutions to market. As development progresses, the broader Cape Station project is expected to contribute significantly to the expansion of firm, carbon-free geothermal energy in the United States.

About American Lending Center

American Lending Center Holdings Inc. (ALC) is a mission-driven, private, non-bank lender committed to expanding access to capital, creating jobs, and driving sustainable economic growth across the United States. As a federally designated EB-5 regional center, ALC partners with investors to revitalize communities, create jobs, and finance sustainable projects that strengthen local economies—especially in underserved areas. At the time of this announcement, ALC has reached a new milestone, securing its 40th I-956F project approval—an EB-5 industry-leading achievement.

ALC is dedicated to advancing innovation and sustainability by supporting startups and projects in sectors including renewable energy, agriculture, and rural healthcare. At ALC, we believe in building stronger communities by fostering entrepreneurship, leveraging global investment, and creating opportunities that empower future generations.

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