We are delighted to announce that we have entered into a Joint Venture Agreement with Sage Geosystems Inc to jointly develop geothermal energy storage and power production projects in Europe.

The Joint Venture will combine Sage’s technology and ZeroGeo’s project development skills to develop projects involving energy storage in the earth and/or geothermal baseload energy (electricity generation and heat) under the name TerraThermo Limited. The Joint Venture intends to deliver long-duration energy storage projects (including mechanical and geothermal storage) and geothermal baseload power generation at competitive costs leveraging hot dry rock technologies. 

John Ashbridge, Chief Executive Officer and Founder Director of ZeroGeo Energy said:

"The next generation of geothermal power technologies will be critical in the energy transition, and we feel the Sage Geosystems technologies represent the best the industry has to offer. Our team is looking forward to working with Sage Geosystems."

Cindy Taff, Chief Executive Officer of Sage, said:

"ZeroGeo Energy is well-positioned to make a huge impact in the European renewable energy market and we are excited to work with them offering our next generation energy storage and geothermal baseload solutions. Sage appreciates the speed at which the ZeroGeo Energy team moves in making an impact to lower greenhouse gas emissions and we feel our teams are a perfect match."