LONDON, UK: IGas Energy, through its wholly owned subsidiary GT Energy UK Limited (GTE), has signed a MoU with SSE for the development of a geothermal district heating project in the City of Stoke-on-Trent. SSE will develop and deliver a district heating network in Stoke-on-Trent working with GTE and Stoke-on-Trent City Council. The MoU grants…
Tag: IGas Energy
IGas Energy signs MoU with BayoTech for hydrogen development
LONDON: IGas Energy Plc announced a further step in its strategy to be well placed in the energy transition by entering into heads of terms with BayoTech, a manufacturer of modular hydrogen generation systems, to produce hydrogen from certain of IGas’ existing gas resources. BayoTech, whose high efficiency, low carbon technologies originated in Sandia National…
IGas acquires geothermal energy generator GT Energy UK
LONDON: IGas Energy has entered into a share purchase agreement (SPA) to acquire GT Energy UK Limited, a developer of deep geothermal heat projects onshore in the UK. Under the terms of the SPA, IGas will make an initial payment of £500,000 to the sellers to be satisfied in 2.22 million IGas ordinary shares on…