Maritime Geothermal Ltd., manufacturer of the Nordic heat pump brand, receives $1.6 million to expand its Petitcodiac, N.B., facility. With this expansion, the facility will add 15,000 sq. ft., bringing the total to 45,000 sq. ft. This expansion will help meet the growing demand for Canadian geothermal and air-source heat pump solutions, according to the press release.
Raven Indigenous fund closes at $32M, eyes first B.C. investments
Kenya is set to make history after being selected as the first African nation to host the World Geothermal Congress
Geothermal Energy Surges: Canada’s potential in a promising baseload power source
While Canada possesses world-class subsurface expertise, hot geothermal gradients spanning western and northwestern regions, and companies like Eavor, DEEP Earth Energy, and Tu Deh-Kah Geothermal, domestic deployment lags dramatically. Canada currently generates less than six megawatts (MW) of geothermal power, representing 0.004% of the country’s installed capacity.
Diverso Energy Partners with Top GTA Developers on New Projects as Demand for Geothermal Expertise Accelerates
Diverso Energy, the leading Canadian provider of geothermal energy infrastructure continues to build momentum across the Greater Toronto Area, partnering with many of the region's top real estate developers on high-profile projects that illustrate the rapid adoption of geothermal as a new industry standard for heating and cooling buildings.
