London, 07 February 2024, (Oilandgaspress): –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.
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