Dr Jonathan Copus of Getech: Strategic partnership to unlock transformational value
Episode 1120, Jan 12, 2023, 08:11 AM
Dr Jonathan Copus CEO of Getech #GTC discusses how their strategic partnership with Eavor Technology, a global geothermal technology company, has the potential to unlock transformational value for shareholders.
Highlights
· The Parties will combine their highly complementary, unique, proprietary geothermal solutions, skills and technologies to deliver the agreed work:
o Getech will deploy its industry-leading geoscience gravity and magnetics database, its proprietary Heat Seeker® software package and its asset analytics skills.
o Eavor will deploy its closed-loop geothermal energy production system, Eavor-Loop™, as well as its growing knowledge base and proprietary technology for identifying and qualifying the best locations for geothermal energy production.
· The Parties will identify and screen the most technically and economically favourable Latin American geothermal sites for development as sources of clean, baseload and flexible energy for heating, cooling and green electricity.
· Priority will be given to locations where multiple closed-loops can be deployed, in order to allow for quick scale-up and to minimise investment. Value can then be built by advancing assets through commercial and technical feasibility, and where appropriate, securing licences.
· The Parties will retain the commercial optionality to either realise asset value pre-development through farm-down/sale to a third party (retaining the potential to provide ongoing development support) or to proceed as development investors.
To read the full RNS click here
Highlights
· The Parties will combine their highly complementary, unique, proprietary geothermal solutions, skills and technologies to deliver the agreed work:
o Getech will deploy its industry-leading geoscience gravity and magnetics database, its proprietary Heat Seeker® software package and its asset analytics skills.
o Eavor will deploy its closed-loop geothermal energy production system, Eavor-Loop™, as well as its growing knowledge base and proprietary technology for identifying and qualifying the best locations for geothermal energy production.
· The Parties will identify and screen the most technically and economically favourable Latin American geothermal sites for development as sources of clean, baseload and flexible energy for heating, cooling and green electricity.
· Priority will be given to locations where multiple closed-loops can be deployed, in order to allow for quick scale-up and to minimise investment. Value can then be built by advancing assets through commercial and technical feasibility, and where appropriate, securing licences.
· The Parties will retain the commercial optionality to either realise asset value pre-development through farm-down/sale to a third party (retaining the potential to provide ongoing development support) or to proceed as development investors.
To read the full RNS click here