ralph.hardwick

NEWS CeraPhi Acquires former fracking company… 5th February 2024 CeraPhi Energy has acquired the business of Third Energy Limited, a former shale gas development company with plans to repurpose the existing wells into clean geothermal energy centres. The acquisition includes the subsidiaries, namely Third Energy Trading Limited, Wolfland Renewables Limited, Wolfland Utilities Limited, Third Energy UK Gas Limited, and the 50% holding in West Heslerton Renewables Limited. The assets located in North Yorkshire UK, include 8 well sites consisting of 12 former gas wells in a suspended state, 22.4 km of 6-inch and 16.6 km of 3-inch subterranean pipelines and a further 22.4 km of buried fibre optic comms lines. CeraPhi is the UK’s leading closed-loop geothermal energy developer using its proprietary CeraPhiWell™ system and CeraPhiPro™ modelling software providing an end-to-end solution for closed-loop geothermal energy anywhere for everyone. CeraPhi completed a commercial demonstration of its CeraPhiWell™ system earlier in the summer using the Third Energy KMA site. CeraPhi’s strategy is to de-risk the scaling and commercialisation of large-scale heat networks using boreholes down to a depth of 2km, reducing the space required for deployment of large-scale systems and increasing the extraction of thermal energy available for network connections. By both drilling new wells and repurposing end-of-life and non-producing oil and gas wells, the CeraPhi solution will provide “huge commercial potential” for the scaling of geothermal heat networks in the UK and globally.  CeraPhi Energy™ CEO Karl Farrow said:  “The decarbonisation of heat represents a huge UK and global challenge in meeting our net zero targets. Combined with the continued insecurity customers face with volatility and seasonal cost of fossil fuels, we have to move geothermal energy to scale to reduce the cost of deploying direct use heat, which is an endless resource not subject to price fluctuation, enabling a move away from our dependency on fossil fuels within our day to day energy mix. By using the inexhaustible resource beneath our feet using closed-loop technology we can access this energy anywhere with zero environmental risk, requiring no hydraulic fracturing, no use of water and providing enough energy within the next 15 years to solve our energy crisis indefinitely. “ Third Energy Managing Director Russell Hoare said:  “At Third Energy we’ve been pursuing a transition strategy for several years now with geothermal energy at the centre of that strategy and in CeraPhi we have found a capable and accomplished partner, as proven by the successful geothermal demonstrator project at our KMA site this summer. Bringing together the expertise of CeraPhi with the assets of Third Energy is a natural progression and I look forward to working with Karl and his team to continue the story.” Previous PostWhen we Solve Geothermal we Solve Energy…Next PostWhitebark Energy Limited signs Heads of Terms with Geothermal Developer CeraPhi Energy About CeraPhi®  CeraPhi is a vertically integrated Geothermal Development Company with proprietary technology and a mission to unlock the thermal heat underground to deliver sustainable, continuous, and totally green 24/7 baseload energy through a “plug and Play” sustainable technology platform.  To find out more and to explore investment opportunities with CeraPhi visit www.ceraphi.com For media inquiries and further information, please contact Holly Harvey-Perdicou holly.harvey-perdicou@ceraphi.com

NEWS When we Solve Geothermal we Solve Energy… 22 January 2024 Tune into this SustainablEarth Podcast featuring Karl Farrow the visionary and leader behind CeraPhi Energy, and the Geothermal Energy Advancement Association (GEAA), with Sustainablearth CEO Jose Luis Caceres who dives into the mission and vision of the organisation, plans for the near future, and how geothermal professionals and enthusiasts can get involved; as well as Karl’s vision and outlook for the future of energy, about energy transition, and particularly of geothermal. https://youtu.be/H6PHGyGER1s?si=cheuV4Mzdt17O_rO Previous PostGeothermal Energy gets a Financial Boost…Next PostCeraPhi Acquires former fracking company… About CeraPhi®  CeraPhi is a vertically integrated Geothermal Development Company with proprietary technology and a mission to unlock the thermal heat underground to deliver sustainable, continuous, and totally green 24/7 baseload energy through a “plug and Play” sustainable technology platform.  To find out more and to explore investment opportunities with CeraPhi visit www.ceraphi.com For media inquiries and further information, please contact Holly Harvey-Perdicou holly.harvey-perdicou@ceraphi.com

NEWS Geothermal Energy gets a Financial Boost…   28th January 2024 UK Geothermal Energy pioneers CeraPhi Energy, and Climate Change Ventures (CCV), the integrated financial services and green project development specialists, have joined forces to exploit their knowledge and experience in bringing terrestrial, thermally derived green energy to the marketplace with CCV facilitating significant investment in CeraPhi’ s portfolio of projects. CeraPhi has pioneered the use of advanced “closed loop” geothermal technologies, which can be optimised to re-use redundant Oil and Gas wells in a cost-effective, highly efficient way.  With a portfolio of acquisitions, they are now set to exploit a series of opportunities, promising shortened development timeframes, and much needed, 24/7 supplies of heat and derived energy at attractive costs of production. CCV, is bringing project finance, using a “Green Bond” mechanism to enable CeraPhi to help realise their vision to exploit “the heat beneath our feet”. The arrangement was concluded in an agreement between both parties signed by Karl Farrow, CEO of CeraPhi, and Horacio Carvalho, CEO of CCV. Karl Farrow said, “CeraPhi has developed a portfolio of projects around the reusing of end-of-life Oil and Gas wells over the last 12 months, whilst working with CCV to develop a viable financial model to accelerate our project development as a leader in the geothermal energy utility space.” The availability of funding through the facility set up by CCV will allow the company to deliver multiple commercial-scale geothermal energy projects, which will help consolidate our position as a leader in the geothermal energy space. We are a mission-driven business and initiatives like this are what are required to shift the trajectory in carbon reduction and to help governments achieve Net Zero targets”. Horacio Carvalho commented, “We have been observing the innovative approach to green heat and power production adopted by CeraPhi for some time now, and we have grown to appreciate the true potential that they can provide for reducing greenhouse gases and making our planet a safer place. We are delighted to be working alongside them in funding our joint ambition to bring to the market their contribution to solving the climate crisis problem. Exciting times lie ahead.” Previous PostCeraPhi Awarded “One to Watch” AwardNext PostWhen we Solve Geothermal we Solve Energy… About CeraPhi®  CeraPhi is a vertically integrated Geothermal Development Company with proprietary technology and a mission to unlock the thermal heat underground to deliver sustainable, continuous, and totally green 24/7 baseload energy through a “plug and Play” sustainable technology platform.  To find out more and to explore investment opportunities with CeraPhi visit www.ceraphi.com For media inquiries and further information, please contact Holly Harvey-Perdicou holly.harvey-perdicou@ceraphi.com

NEWS CeraPhi AwARDED “One to Watch” Award​ 05 December 2023 EEEGR Awards Dinner & End Of Year Celebration Celebrating another award for the Geothermal Development Company – CeraPhi Energy team at the EEEGR (East of England Energy Group) Annual Awards Ceremony “One to Watch” 2023, Dunston Hall Estate fantastic achievement to the team and the efforts and milestones achieved this year….  The EEEGR awards and end of year dinner brings together the East of England’s business community to celebrate the amazing achievements and milestones of our local companies, individuals and EEEGR members. One to Watch – sponsored by Generate – new start ups or small businesses (open to all)   Previous PostCeraPhi Drilling Solutions is bornNext PostGeothermal Energy gets a Financial Boost… About CeraPhi®  CeraPhi is a vertically integrated Geothermal Development Company with proprietary technology and a mission to unlock the thermal heat underground to deliver sustainable, continuous, and totally green 24/7 baseload energy through a “plug and Play” sustainable technology platform.  To find out more and to explore investment opportunities with CeraPhi visit www.ceraphi.com For media inquiries and further information, please contact Holly Harvey-Perdicou holly.harvey-perdicou@ceraphi.com

NEWS CeraPhi Drilling Solutions is born 21  November 2023 CeraPhi Energy has launched its Drilling Solutions business, providing the perfect platform to install CeraPhiWell systems. The CeraPhi Drilling Solutions business plans to target deeper well drilling from around 500 metres to 2000 meters. The plan is to access better quality temperatures for next generation ambient loop heat networks. By increasing the recoverable temperature, it reduces the temperature differential. This increases the coefficient of performance of the system, reducing cost and increasing operational margins and system performance.CeraPhi Drilling Solutions Director Paul Fowler said: “This is a great opportunity to provide a scalable solution to maximise the abundance of thermal energy from the heat beneath our feet. The deeper we go, the hotter it gets and drilling to a higher quality heat provides significant benefits for the future of heat networks and the resilience of those systems we install. The interest from the MOD, developers on residential projects, individuals looking to decarbonise private estates, distilleries, football stadiums, schools and leisure centres has been incredible, we already have more than 5 projects in the pipeline which will be delivered within the next 6 months.” CEO of CeraPhi Energy Karl Farrow said: “It’s a natural go-to market strategy for the deployment of our CeraPhiWell solution. It will manage drilling risk and provide an integrated delivery solution taking the heat directly to our customer interconnections and offtakes. It will enable them to connect their heat pumps directly to a higher quality and more efficient source of energy”. CeraPhi has started drilling on projects within the UK. Over the coming months they will invest extensively in their capacity to install fully integrated heat network systems through their Drilling Solutions Business for the USA market within the first quarter of 2024. By the end of 2024, they hope to be providing fully integrated system networks to projects around Massachusetts, Connecticut, and New York State. Previous PostAnnouncement: Loss of our dear friend and colleague Glen FalcoNext PostCeraPhi Awarded “One to Watch” Award About CeraPhi®  CeraPhi is a vertically integrated Geothermal Development Company with proprietary technology and a mission to unlock the thermal heat underground to deliver sustainable, continuous, and totally green 24/7 baseload energy through a “plug and Play” sustainable technology platform.  To find out more and to explore investment opportunities with CeraPhi visit www.ceraphi.com For media inquiries and further information, please contact Holly Harvey-Perdicou holly.harvey-perdicou@ceraphi.com

ANNOUNCEMENT Loss of our dear friend and colleague Glen Falco   14  November 2023 Glynn Roy Falco (Glen) 08.09.1961 – 20.10.2023 It is with a heavy heart that we have to announce we have sadly lost one of our team. Glen Falco supported CeraPhi Energy since the journey began. He was one of our original shareholders and came on board as a valued member of our team to take up the role of HSEQ manager. Glen brought with him decades of experience in managing situations and procedures safely and he steered us through the vast amounts of paperwork to get us approved to ISO 9001/14001/45001 and to ensure we maintained these standards. He was one of the most vigilant HSEQ managers we’ve ever worked with. However he did this in a way that got everyone on board, he didn’t shout or moan, he encouraged and helped and used his calm approach to steer people into doing the right things. Glen believed with all of his heart in the CeraPhi mission and I am so pleased he managed to get to site to see all of our hard work come to fruition at the proof of concept demo project in Yorkshire. It was soon after this visit when he took ill and began the battle to fight off the cancer that had returned, which was sadly one fight too much for him. Glen was very much a family man and he leaves behind his beloved partner, Ness, his daughter Leah and his parents Ernie and Rose.  Glen had a personality, warmth and gentleness that touched everyone he met. He was a true gentleman. To lose him so suddenly after this last illness was a shock for all of us, but especially his family to whom our hearts go out unconditionally. He will be missed more than we can say, he will stay in our hearts and will always be part of the team. Bless you Glen Previous PostMaking all-year-round fruit, veg and tea commercially viableNext PostCeraPhi Drilling Solutions is born About CeraPhi®  CeraPhi is a vertically integrated Geothermal Development Company with proprietary technology and a mission to unlock the thermal heat underground to deliver sustainable, continuous, and totally green 24/7 baseload energy through a “plug and Play” sustainable technology platform.  To find out more and to explore investment opportunities with CeraPhi visit www.ceraphi.com For media inquiries and further information, please contact Holly Harvey-Perdicou holly.harvey-perdicou@ceraphi.com