TerraScale and Terrapin Geothermics Merge to Strengthen Green Infrastructure and Advance Capabilities in Renewable Power Development
Acclaimed green infrastructure development and advisory firm joins forces with prominent Canadian geothermal energy developer via a strategic merger
TerraScale Inc., an award-winning California-based green infrastructure development and advisory firm, and Terrapin Geothermics Inc., a Canadian emission-free energy developer specializing in generating clean, baseload electricity and heating/cooling from industrial waste heat and deep geothermal resources, have announced that they are merging into Delaware-based C-Corp, Climate Transition Development.
Under the terms of the agreement, Climate Transition Development will be jointly owned by the existing shareholders of Terrapin and TerraScale and managed by the blended management team of the two 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.