In a release shared with ThinkGeoEnergy, Huisman Geo announced having signed a Letter of Intent (LOI) with geothermal energy operating company Yeager Energy B.V. to collaborate in Yeager Energy’s development plans in the Nissewaard license area in the Netherlands. Goal is to make a significant contribution to the energy transition by efficiently developing and operating geothermal wells and innovative smart grid district heating, and cooling networks on a large scale.

Huisman Geo focuses on the geothermal energy market in the Netherlands and neighbouring countries. Huisman Geo will operate with Huisman manufactured drilling rigs. One of the goals of Huisman Geo is to decrease the investment and operating costs, which are a key factor to enable large portfolio geothermal projects, needed to achieve the current ambitious energy transition plans.

Yeager Energy’s goal is to make a significant contribution to the energy transition by efficiently developing and operating geothermal wells and innovative smart grid district heating, and cooling networks on a large scale (portfolio approach). Yeager Energy has applied for its first geothermal exploration license ‘Nissewaard’ in the province South Holland.

Yeager Energy intends to start work later this year in collaboration with all stakeholders and in a safe and responsible manner.

Remco van Ee, Business Development Manager Huisman Geo. “We see Yeager Energy as a valuable partner with the necessary innovation drive, experience and know-how to make geothermal energy for greenhouse horticulture, industry and the built environment more efficient and effective.”

Robin Hamersma, Director Yeager Energy: “We welcome the partnership with Huisman Geo as a reputable, experienced and innovative partner. We believe that the combined strength of Yeager Energy and Huisman Geo will be instrumental in developing and accelerating the application of geothermal energy in the Netherlands.”