Geothermal heating demand is surging in Europe undergoing an energy crisis

January 25, 2023 at 06:00 AM EST

Geothermal energy is a type of renewable energy that is derived from heat within the earth's subsurface. This heat is transported to the surface through water or steam, and can be harnessed for a variety of purposes, including heating and cooling buildings, as well as generating electricity. However, it should be noted that electricity generation using geothermal energy is typically only viable in areas near active geothermal regions. Several countries, such as Iceland, El Salvador, New Zealand, Kenya, and the Philippines, rely heavily on geothermal energy to meet their electricity and heating needs.

According to research from Rystad Energy, Europe is facing a growing demand for geothermal heating as it experiences an energy crisis. Governments are seeking cost-effective alternative energy sources to replace gas heating. The study predicts that the total installed capacity of geothermal heating will increase by 58% to reach 6.2 GWt in 2030, up from the current total of 3.9 GWt. This expansion is expected to cost around $7.4 billion. Although geothermal technology has been available for many years, it may be on the verge of widespread adoption. However, high development costs compared to other energy sources and potential risks such as drilling success rates and subsurface atmosphere have limited its use so far.

We would now like to draw your attention to Global Care Capital Inc. (CSE: HLTH), a global investment company which engages in early-stage investment opportunities in private and public companies. The company trades under the ticker symbol Global Care Capital Inc. (RSCZF) on the US exchange.

On December 19^th, 2022, Global Care Capital Inc. (CSE: HLTH) announced that it has signed a Memorandum of Understanding (the "MOU") with Titan Electricity Ltd. UK, ("Titan") a company that holds the intellectual property rights to the "Geo-EnginesTM" a net zero geothermal energy generation technology used for gas cleaning (Sour Gas), CO2 sequestration and domestic energy supplies. Oil and Gas companies using Titan's "Geo-EnginesTM" can potentially cut onsite CO2 emissions to zero, help improve energy security and break the reliance on coal and oil.

Pursuant to the terms of the MOU, the parties have agreed to complete due diligence in connection with advancing negotiations of a potential investment in Titan by the Company (the "Potential Transaction"). Closing of the Potential Transaction is subject to, among other things, completion of due diligence, negotiation of a definitive agreement, compliance with all applicable regulatory requirements and receipt of all necessary regulatory, corporate, third-party, board and shareholder approvals being obtained, including the approval of the Canadian Securities Exchange. There can be no assurance that the Proposed Transaction will be completed as proposed, or at all. The company is yet to issue any update this year but considering the geothermal space is heating up, this small cap stock speculative play could potentially do wonders for early watchers.

Global Care Capital Inc (RSCZF) is currently trading at $0.0038 and has a 52 week high of $0.04. Although speculative at this time, if RSCZF was to retest its 52-week high, traders could be looking at huge potential gains.

Watch the video below to know more about RSCZF

Video Link: https://www.youtube.com/embed/b_TkigG30K8

Some of the other stocks in the geothermal space include Ormat Technologies, Inc. (NYSE: ORA), Eversource Energy (NYSE: ES), Chevron Corporation (NYSE: CVX), Berkshire Hathaway Inc. (NYSE: BRK-B), Polaris Renewable Energy Inc. (OTC:RAMPF), Climeon AB (publ) (STO:CLIME-B.ST).

Other active stocks on Wall Street include BioAffinity Technologies Inc (NASDAQ: BIAF), Baudax Bio Inc (NASDAQ: BXRX), Grom Social Enterprises Inc (NASDAQ: GROM)

Source: https://finance.yahoo.com/news/global-care-capital-signs-mou-110000417.html

Source: https://www.yahoo.com/video/6-best-geothermal-stocks-buy-185549868.html

Disclaimer: InvestorBrandMedia is not operated by a licensed broker, a dealer, or a registered investment adviser. It should be expressly understood that under no circumstances does any information published herein represent a recommendation to buy or sell a security. Our reports/releases are commercial advertisements and are for general information purposes ONLY. We are engaged in the business of marketing and advertising companies for monetary compensation. Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. The information made available in this article is not intended to be, nor does it constitute investment advice or recommendations. The contributors may buy and sell securities before and after any particular article, report, and publication. In no event shall InvestorBrandMedia be liable to any member, guest, or third party for any damages of any kind arising out of the use of any content or other material published or made available by InvestorBrandMedia ., including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information in this video, article, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. InvestorBrandMedia.com strongly urges you to conduct a complete and independent investigation of the respective companies and consideration of all pertinent risks. Readers are advised to review SEC periodic reports: Forms 10-Q, 10K, Form 8-K, insider reports, Forms 3, 4, 5 Schedule 13D. For some content, Investor Brand Media, its authors, contributors, or its agents, may be compensated for preparing research, video graphics, and editorial content. As part of that content, readers, subscribers, and website viewers are expected to read the full disclaimers and financial disclosures statement that can be found on our website by visiting InvestorBrandMedia.com/Disclaimer. The Private Securities Litigation Reform Act of 1995 provides investors a safe harbor in regard to forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions, or future events or performance are not statements of historical fact may be forward-looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties, which could cause actual results or events to differ materially from those presently anticipated. Forward-looking statements in this action may be identified through the use of words such as projects, foresee, expects, will, anticipates, estimates, believes, understands, or that by statements indicating certain actions & quotes; may, could, or might occur. Understand there is no guarantee past performance will be indicative of future results. Investing in micro-cap and growth securities is highly speculative and carries an extremely high degree of risk. It is possible that an investor's investment may be lost or impaired due to the speculative nature of the companies profiled.

InvestorBrandMedia has been compensated twelve hundred dollars by a 3rd party for the content, research, dissemination, and syndication pertaining to RSCZF for a period of one week starting Jan 24th, 2023 to Jan 27th, 2022. We own zero shares of RSCZF

Media Contact
Company Name: Investor Brand Media
Contact Person: Ash K
Email: investorbrandmedia@gmail.com
Phone: (954) 593-5597
Country: United States
Website: https://investorbrandmedia.com/

About Us

Laser Focus World Membership

Magazine Subscription

Newsletter Subscription

The Daily Beam

Product Watch

Bio & Life Sciences Product Watch

Laser Processing Product Watch

Get Published!

Photonics Hot List

Following the Photons: A Photonics Podcast

Social Media

Meet the Laser Focus World Team

Editorial

Sales

Editorial Advisory Board

Geothermal heating demand is surging in Europe undergoing an energy crisis

More News