Geothermal Drilling Opportunity
April 2023
Paine Pacific has a new client in the Geothermal Drilling (shallow) business seeking a strategic partner to help take advantage of this rapidly expanding market. The company is well established and has been growing with a management team who is using a template successfully implemented in a related industry. The business is currently doing business in six states and has a significant backlog and a large pipeline of opportunities primarily driven by incentives from the inflation Reduction Act. Geothermal drilling (shallow) is part of the rising energy market for renewable energy and our client is seeking a partner to help capitalize on this massive opportunity.
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