CalEnergy Operating Corporation Acquires Additional Geothermal Leases in Imperial Valley

Acquisition Geothermal announced United States Oct 25, 2024

CalEnergy Operating Corporation acquired additional geothermal leases in the Imperial Valley, California, from EnergySource Minerals. This acquisition expands CalEnergy's geothermal resource base and supports future development projects.

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Counterparts (2)

Seller

EnergySource Minerals

EnergySource Minerals is focused on extracting lithium from geothermal brines. They aim to produce high-purity lithium products for use in batteries.

Buyer

CalEnergy Operating Corporation

CalEnergy Operating Corporation is an energy company focused on the development, operation, and ownership of power generation facilities. They invest in a variety of energy sources, including geothermal, natural gas, and renewable energy projects.

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Timeline

Announced

Oct 25, 2024

Signed

Closed

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Source

www.latimes.com

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