Sage Geosystems, California Resources Sign MOU To Establish Collaborative Framework For Pursuing Commercial Projects Related To Subsurface Energy Storage And Geothermal Power Generation In California
Portfolio Pulse from Benzinga Newsdesk
Sage Geosystems and California Resources Corporation (CRC) have signed a Memorandum of Understanding (MOU) to collaborate on subsurface energy storage and geothermal power generation projects in California. This partnership aims to develop clean and reliable energy solutions in the state.
September 24, 2024 | 9:59 pm
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California Resources Corporation (CRC) has entered into a strategic partnership with Sage Geosystems to focus on subsurface energy storage and geothermal power generation in California. This collaboration could enhance CRC's position in the clean energy sector.
The partnership with Sage Geosystems positions CRC to expand its clean energy portfolio, which is likely to be viewed positively by investors. The focus on subsurface energy storage and geothermal power aligns with growing trends towards sustainable energy solutions, potentially boosting CRC's market perception and stock price.
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