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Terrapin and TerraScale announce merger to enhance geothermal capabilities

Terrapin Geothermics Inc., a Canadian geothermal energy developer specializing in generating clean, baseload electricity and heat from industrial waste heat and deep geothermal resources, today announced that it is merging with award-winning California-based green infrastructure development and advisory firm, TerraScale Inc., into a new US-based entity, Climate Transition Development Corporation.

Under the terms of the agreement, Climate Transition Development will be jointly owned by the existing shareholders of Terrapin and TerraScale and will be managed by the blended management teams of the companies. Climate Transition Development will be driven by its mission to spearhead a shift towards sustainable infrastructure and renewable energy, leveraging the latest advancements in technology and strategic financial instruments to drive global change.

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