Craton Equity Partners Announces Second Closing for EnLink Geoenergy Services, Inc.
Geothermal company relocating to
The announcement comes as EnLink is in the process of relocating its headquarters to the
“We are very pleased that our commitment to EnLink is proceeding as we anticipated, despite the overall state of the economy,” said
“We are pleased to have a clean tech leader such as EnLink relocating to the
List added that EnLink has also won and is performing four GHP projects in
“The awareness of the great value of GHP technology has increased dramatically,” said List. “It is a renewable, energy efficient base load distributed energy source, with no need for transmission; has a superior cost/value relationship to traditional HVAC (heating, ventilating, and air conditioning) and competing renewables; it has no emissions and uses no water; and its cost-effectiveness is enhanced by new tax credits and accelerated depreciation.
“EnLink’s unique intellectual property (thirteen patents) and unparalleled track record makes us a strong partner for owners who want the best for the riskiest part of GHP projects, the underground design and installation,” List said. “With nearly
Other investors in EnLink include HM International of
EnLink Geoenergy Services, Inc. (http://enlinkgeoenergy.com/) is a national leader in GHP technology, design, and construction. The company specializes in GHP systems that can substantially reduce HVAC energy use and cost and increase energy security for large users such as commercial buildings, campuses, data centers, district heating and cooling applications, and grid independent systems.
Craton Equity Partners (http://cratonep.com/) is a leading
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This release may contain forward-looking statements, which are made pursuant to the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements are commonly identified by words such as “would,” “may,” “will,” “expects,” and other terms with similar meaning. Forward-looking statements are based on current beliefs, assumptions and expectations and speak only as of the date of this release and involve risks and uncertainties that could cause actual results to differ materially from current expectations.
SOURCE Craton Equity Partners