Canada’s Borealis Geopower and Sponsor Energy Capital have announced their collaboration to finance exploration and development of geothermal resources for power production.
Borealis is currently developing geothermal power projects in Canoe Reach, south of Valemount BC and Lakelse Lake, south of Terrace, BC, with the Kitselas First Nation. The collaboration with Sponsor Energy Capital seeks to finance those developments.
OThre details of the agreement were not revealed.