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Open Day for Pickering Town Geothermal Heat Study PRESS RELEASE

PRESS RELEASE Open Day for Pickering Town Geothermal Heat Study Feasibility work on geothermal heat networks for the town of Pickering has been completed, offering a promising vision for a more sustainable future.   In February 2024, Pickering Town Community Interest Company (PTCIC) received a £36,000 UK Shared Prosperity Fund grant from North Yorkshire Council to finance the study.  This project explores the potential of harnessing geothermal energy through both existing, redundant gas wells near the town as well as new boreholes.  To present the findings to the community along with the prospects of delivering a pilot project, PTCIC, in collaboration with Third Energy and CeraPhi Energy, is hosting an open day on Thursday, 7th November, at the Memorial Hall from 2pm to 9pm. The study primarily focused on developing geothermal heat networks that could decarbonise heating for three schools in the northern part of Pickering and the Ryedale Swim & Fitness Centre in the south.  The feasibility results indicate significant benefits, with potential annual energy savings of over £130,000 and reduction of more than 374 tonnes of carbon emissions per year. Additionally, the study identified other potential networks in the town that could offer further financial and environmental gains. These systems would utilise closed-loop wells, meaning no direct interaction with the environment or water tables – drilling to depths of up to 1,800 metres to access temperatures exceeding 45°C. The UK Shared Prosperity Fund, which provides £2.6 billion for local investment until March 2025, aims to foster community pride, boost local economies, and improve life chances across the UK by investing in infrastructure, businesses, and skills development. Mike Potter, a PTCIC Board Member, said, “This project presents an exciting alternative to fossil fuels with the opportunity to develop new net zero infrastructure while repurposing legacy assets for sustainable and renewable energy use. Not only can we reduce costs and carbon emissions, but we also strengthen the town’s energy security, protecting residents from potential future energy price fluctuations. If successful, this could have massive implications nationally.” Russell Hoare, former MD of Third Energy and now Director of Yorkshire Projects for CeraPhi Energy, added, “We’ve identified several viable geothermal heat networks in Pickering that could significantly reduce energy costs and carbon emissions. Engaging with the community has been a crucial part of this project, and we look forward to sharing more details and answering questions at the open day on November 7th.” ENDS Previous PostCeraPhiWell identified as providing energy security in Defence Sustainability Report​ 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

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CeraPhiWell identified as providing energy security in Defence Sustainability Report​

NEWS CeraPhiWell identified as providing energy security in Defence Sustainability Report The benefits of CeraPhiWell are fully acknowledged in a benchmark government report on Defence Sustainability. As the report introduction states: “In 2023, AECOM, BAE Systems, Frazer-Nash, the Royal United Services Institute (RUSI), and the Defence Science and Technology Laboratory (Dstl) committed to work in partnership to deliver a series of roundtable events with support from the Directorate for Climate Change and Environment (MOD). These events sought to address the details of a common issue: how can the defence sector overcome the affordability/ incentivisation gaps which limit the uptake of scientific and technological solutions typically described as ‘Climate Change and Sustainability’ (CC&S) products. They brought together leading innovators and academics across multiple institutions…….”.   The conclusions were published in October 2024 in this report entitled: Defence: Sustainability as a Competitive Advantage (DSTL/PUB161887). Identifying one of the many benefits of the CeraPhiWell it goes on to state: “It offers a noiseless, resilient and maintenance-free source of heat, and (if drilled deep enough) it is ideal to replace existing generators or plants. This can reduce logistic resupply requirement and enable a reduced maintenance team, freeing up these valuable resources for elsewhere.” Karl Farrow, CEO of CeraPhi Energy said: “It is great to see the efforts of the CeraPhi Energy Team acknowledge within this important report.  CeraPhi is committed to supporting the Armed Services in addition to its many Commercial customers”   To view the full report, please click here: Defence: Sustainability as a Competitive Advantage To find out more visit www.ceraphi.com Previous PostCeraPhi Energy to develop new energy source in Ryedale.Next PostOpen Day for Pickering Town Geothermal Heat Study PRESS RELEASE 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

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CeraPhi Energy to develop new energy source in Ryedale.

NEWS CeraPhi Energy to develop new energy source in Ryedale. Recently reported in the Gazette & Herald.   TWO Ryedale villages are among the first in the country to take part in a groundbreaking project to develop a low-cost and renewable energy source. CeraPhi Energy, a leading geothermal technology company is collaborating on the schemes aimed at developing sustainable and renewable geothermal heat networks in North Yorkshire. These initiatives, supported by the UK Government’s Shared Prosperity Fund, will explore the feasibility of converting several existing gas wells in the area to provide renewable and low-cost heat to local communities. Kirby Misperton Parish Council has been awarded this Shared Prosperity Fund grant, match funded by Third Energy, to assess the potential of creating a local heat network. CeraPhi Energy will conduct technical studies on converting three existing gas wells (KM8, KM7, and KM3) at the former Third Energy KMA well site to supply heat to the nearby Kirby Misperton village. The project will evaluate heat demands for residential properties, the village hall and church, along with a local hotel and restaurant. Jackie Cray, of Kirby Misperton Parish Council, said: “The Parish Council is very excited about the chance to convert legacy fossil fuel assets into a sustainable energy source for the village. We look forward to working with CeraPhi and Third Energy on this project.” Habton Parish Council and Great & Little Barugh Parish Council have also been successful in securing a Shared Prosperity Fund grant, again match funded by Third Energy. This project will investigate the feasibility of converting four existing gas wells (KM5, KM6, MN1 and MN4) to provide heat for the nearby villages of Little Barugh and Great Habton. CeraPhi Energy will lead the technical assessment, working again with local residents, farmers and councillors in Great Habton. Sarah Houlston of Great & Little Barugh Parish Council, said: “We are committed to making Great & Little Barugh greener communities and are thrilled to be one of the first villages in the UK exploring the option of clean, renewable, net zero heat from redundant gas wells.” These innovative projects represent a significant step towards sustainable and secure energy solutions in rural North Yorkshire, potentially reducing carbon emissions and providing cost-effective heating for local communities which currently are not connected to gas and rely on other means to heat their homes and other properties. CeraPhi Energy will utilise its expertise in geothermal technology to deliver these projects. 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 view the original article, please click here: CeraPhi Energy to develop new energy source in Ryedale | Gazette & Herald (gazetteherald.co.uk) To find out more visit www.ceraphi.com Previous PostCeraPhi Energy and Geothermal Ukraine Join Forces to Unleash Ukraine's Vast Geothermal PotentialNext PostCeraPhiWell identified as providing energy security in Defence Sustainability Report​ 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

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CeraPhi Energy and Geothermal Ukraine Join Forces to Unleash Ukraine’s Vast Geothermal Potential

NEWS CeraPhi Energy and Geothermal Ukraine Join Forces to Unleash Ukraine’s Vast Geothermal Potential​ 28th May 2024 CeraPhi Energy, a world leader in advanced closed-loop geothermal solutions, and NGO Geothermal Ukraine (GU), a non-profit pioneering geothermal research and development organisation, today announced the signing of a Heads of Terms agreement.  This landmark collaboration unites CeraPhi’s proprietary CeraPhiWell™ technology with GU’s extensive scientific expertise to accelerate the deployment of geothermal energy across Ukraine. Ukraine possess immense geothermal potential, with an estimated over 10 gigawatts (GW) of power and heat generation capacity based on information from the National Academy of Science of Ukraine. CeraPhi Energy’s closed-loop CeraPhiWell™ system offers a unique solution for harnessing this potential by repurposing end-of-life oil and gas wells or deploying newly drilled medium-depth wells for heating, cooling, and power generation.  In collaboration with other geothermal solution providers, CeraPhi Energy also provides hybrid solutions for geothermal energy deployment with a geothermal anywhere and everywhere approach. CeraPhi CEO Karl Farrow said, “Ukraine has a rich history as an industrialised nation with a legacy oil and gas sector.  CeraPhi can strengthen that with our expertise in geothermal energy, combined with our proprietary well-repurposing technology and experienced management team, helping Ukraine’s energy security and decarbonisation efforts.” Geothermal energy presents a promising solution to Ukraine’s many energy challenges – dependence on imported fossil fuels, aging infrastructure, and geopolitical tensions all affect energy security.  By tapping into this renewable resource, Ukraine can diversify its energy mix, reduce greenhouse gas emissions, stimulate economic growth, and create new job opportunities.  Ukraine has significant conventional geothermal potential, particularly in its western regions.  There are over 10000 oil and gas wells in the western part of the country and it is expected that over 1000 of these might be repurposed for geothermal energy production. “Our collaboration with CeraPhi Energy represents a significant stride towards realising our vision of establishing geothermal energy as a cornerstone of Ukraine’s renewable energy landscape,” said Taras Popadynets, Head of Geothermal Ukraine.  “Together, we possess the knowledge, experience, and drive to turn this ambition into a tangible reality that will benefit generations to come.” Key objectives of the partnership include feasibility assessments for repurposing existing oil and gas infrastructure, joint research and development initiatives, comprehensive workforce training programs, and public outreach campaigns to raise awareness of the geothermal energy benefits. With an unwavering commitment to sustainability and energy independence, CeraPhi Energy and Geothermal Ukraine are poised to make a lasting impact on Ukraine’s energy sector, fostering economic prosperity, environmental stewardship, and a resilient future powered by the earth’s boundless heat. Previous PostMaking farming sustainable with geothermal energyNext PostCeraPhi Energy to develop new energy source in Ryedale. 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

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Making farming sustainable with geothermal energy

NEWS Making farming sustainable with geothermal energy​ 28 March 2024 We are working with Wellfield Farm in North Yorkshire and other partners to spearhead a groundbreaking project aimed at revolutionising farming practices and enhance sustainability through the repurposing of existing depleted deep gas wells to produce geothermal energy. David Ward, Co-Owner, of Wellfield Farm said;This is an exciting time for the future of my farm and other farmers looking to diversify. I am delighted to be working with a range of experts in this field to create a circular approach to our farming, combining waste materials and a renewable heat source to establish a low carbon energy and biofuel/fertiliser market in our local economy. Russell Hoare, Director or Yorkshire Projects for CeraPhi Energy added;This project allows us to repurpose our wells for innovative research and development. If these feasibility studies prove to be successful we envisage the AD plant would provide heat, biofuels and fertiliser to local farmers (potentially using an existing subterranean redundant pipeline system for local distribution of biogas). The biofuel could also be exported to the gas grid via the existing redundant pipeline. If successful, this could provide a national solution for dealing with depleted fossil fuel wells, allowing other landowners and farmers to seize the opportunity created by the repurposing of these assets. The project is supported by the Innovate UK Farming Innovation Programme which seeks to explore the potential of utilising geothermal energy to enhance the efficiency of Anaerobic Digestion (AD) plants. Previous PostGrant Awarded to Pickering Town for Heat AssessmentNext PostCeraPhi Energy and Geothermal Ukraine Join Forces to Unleash Ukraine's Vast Geothermal Potential 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

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Grant Awarded to Pickering Town for Heat Assessment

NEWS Grant Awarded to Pickering Town for Heat Assessment​ 28 March 2024 Pickering Town Community Interest Company (CIC) has been awarded a £36,000 grant from the Shared Prosperity Fund managed by North Yorkshire Council to assess the viability of a geothermal heat network for the town of Pickering, using both existing redundant gas wells located near to the town as well as new boreholes. Working with CeraPhi Energy, the UK’s leading geothermal engineering company, and Third Energya local energy company that owns several wells in Ryedale(now a fully owned subsidiary of CeraPhi Limited), the work will build on an assessment already conducted by CeraPhi into decarbonising the Pickering Swimming and Fitness Centre, work that was completed in late 2023 and funded through a grant from the UK Government’s Heat Networks Delivery Unit. This new study will consider a hub-and-spoke approach to cover as much of the geographical footprint of the town as possible. The southern geothermal hub will incorporate both new wells and two of Third Energy’s existing wells that are located about 1.5 km south of the town. In addition to the swimming pool and fitness centre, the study will also incorporate residential properties, businesses, local schools and other public buildings. Using geothermal heat for a community heat network will result in a sustainable and virtually carbon-free heating solution and should also significantly reduce ongoing heating costs for any business or customers connected to the network. Mike Potter, CIC Board Member said “I have been working with Third Energy on the repurposing of their redundant gas infrastructure for several years. Converting this infrastructure for sustainable energy usage to the benefit of the town in the form of lower energy costs but with a significantly smaller carbon footprint is a very exciting possibility. Having CeraPhi Energy involved means we have some of the UK’s leading geothermal engineers assisting us with the assessment.” Russell Hoare, former MD of Third Energy and now Director of Yorkshire Projects for CeraPhi Energy added “We have been working on several geothermal repurposing projects in the surrounding area and have had success in a lot of feasibility work, but this project has the potential to reach many more consumers, businesses and residents than any of our other projects. It’s great to be working with the CIC on this exciting opportunity.” Gary Williams, COO of CeraPhi Energy said “Combining Third Energy’s assets and local knowledge with our geothermal engineering skills means we can provide a bespoke heat network solution for the town of Pickering. This builds on the recent geothermal demonstrator well we operated on one of the Third Energy wells near Kirby Misperton and 28 March 2024 Pickering Town Community Interest Company (CIC) has been awarded a £36,000 grant from the Shared Prosperity Fund managed by North Yorkshire Council to assess the viability of a geothermal heat network for the town of Pickering, using both existing redundant gas wells located near to the town as well as new boreholes. Working with CeraPhi Energy, the UK’s leading geothermal engineering company, and Third Energya local energy company that owns several wells in Ryedale(now a fully owned subsidiary of CeraPhi Limited), the work will build on an assessment already conducted by CeraPhi into decarbonising the Pickering Swimming and Fitness Centre, work that was completed in late 2023 and funded through a grant from the UK Government’s Heat Networks Delivery Unit. This new study will consider a hub-and-spoke approach to cover as much of the geographical footprint of the town as possible. The southern geothermal hub will incorporate both new wells and two of Third Energy’s existing wells that are located about 1.5 km south of the town. In addition to the swimming pool and fitness centre, the study will also incorporate residential properties, businesses, local schools and other public buildings. Using geothermal heat for a community heat network will result in a sustainable and virtually carbon-free heating solution and should also significantly reduce ongoing heating costs for any business or customers connected to the network. Mike Potter, CIC Board Member said “I have been working with Third Energy on the repurposing of their redundant gas infrastructure for several years. Converting this infrastructure for sustainable energy usage to the benefit of the town in the form of lower energy costs but with a significantly smaller carbon footprint is a very exciting possibility. Having CeraPhi Energy involved means we have some of the UK’s leading geothermal engineers assisting us with the assessment.” Russell Hoare, former MD of Third Energy and now Director of Yorkshire Projects for CeraPhi Energy added “We have been working on several geothermal repurposing projects in the surrounding area and have had success in a lot of feasibility work, but this project has the potential to reach many more consumers, businesses and residents than any of our other projects. It’s great to be working with the CIC on this exciting opportunity.” Gary Williams, COO of CeraPhi Energy said “Combining Third Energy’s assets and local knowledge with our geothermal engineering skills means we can provide a bespoke heat network solution for the town of Pickering. This builds on the recent geothermal demonstrator well we operated on one of the Third Energy wells near Kirby Misperton and the work we have already done on the Pickering Swimming and Fitness Centre in town and we look forward to taking this project forward with the CIC.”   ENDS 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 under a “plug and Play” sustainable technology platform anywhere and everywhere. Invest in CeraPhi here https://ceraphi.com/invest/ Previous PostWhitebark Energy Limited signs Heads of Terms with Geothermal Developer CeraPhi EnergyNext PostMaking farming sustainable with geothermal 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”

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Whitebark Energy Limited signs Heads of Terms with Geothermal Developer CeraPhi Energy

NEWS Whitebark Energy Limited signs Heads of Terms with Geothermal Developer CeraPhi Energy​ Whitebark Energy Limited (ASX:WBE) is pleased to announce the signing of a Heads of Terms with international Geothermal Developer CeraPhi Energy to support the development of the Company’s Australian based Geothermal assets. CeraPhi Energy specialises in Geothermal technology solutions and delivery, including providing Geothermal development consultancy services and deploying it’s proprietary CeraPhiWell™ technology. The newly formalised collaboration follows Whitebark’s recent announcement of its successful award of an exploration license application for Geothermal Energy (‘EPG’) consisting of 190 sub-blocks within the Greater Brisbane and Gold Coast Region, approximately 25km from Brisbane in South-East Queensland. Whitebark Energy Limited (ASX:WBE) is pleased to announce the signing of a Heads of Terms with international Geothermal Developer CeraPhi Energy to support the development of the Company’s Australian based Geothermal assets. CeraPhi Energy specialises in Geothermal technology solutions and delivery, including providing Geothermal development consultancy services and deploying it’s proprietary CeraPhiWell™ technology. The newly formalised collaboration follows Whitebark’s recent announcement of its successful award of an exploration license application for Geothermal Energy (‘EPG’) consisting of 190 sub-blocks within the Greater Brisbane and Gold Coast Region, approximately 25km from Brisbane in South-East Queensland. Previous PostCeraPhi Acquires former fracking company…Next PostGrant Awarded to Pickering Town for Heat Assessment 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

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Third Energy logo white

CeraPhi Acquires former fracking company…

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

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SustainablEarth Podcast featuring Karl Farrow from geothermal company CeraPhi Energy with Sustainable earth CEO Jose Luis Caceres

When we Solve Geothermal we Solve Energy…

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

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Geothermal company CeraPhi join forces with Climate Change Ventures

Geothermal Energy gets a Financial Boost…

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

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