Geothermal Rising Expands into Canada with CanGEA Acquisition
Deal News | Jan 20, 2025 | EIN

Geothermal Rising, a U.S.-based geothermal association, has expanded its operations into Canada through the acquisition of the Canadian Geothermal Energy Association (CanGEA). The acquisition signifies a strategic move to strengthen the presence of geothermal technology in Canada and unite efforts across North America. CanGEA will be rebranded as Geothermal Rising Canada, and the collaboration is set to amplify geothermal energy research, development, and policy influence in both countries. The initiative aims to empower the geothermal value chain, promote industry visibility, and prepare for the 2026 World Geothermal Congress in Calgary. The merger will also focus on knowledge sharing, supporting indigenous involvement, and leveraging the expertise in policy and regulatory advancements that CanGEA has tailored over the past two decades. The geothermal sector is experiencing substantial global momentum, with significant investments and job creation. This acquisition is seen as an exciting opportunity to build on that momentum and enhance the development of a robust geothermal industry in Canada.
Sectors
- Renewable Energy
- Association & Non-Profit Organizations
Geography
- Canada – The acquisition marks Geothermal Rising's expansion into Canada, aiming to amplify geothermal energy growth and presence.
- United States – Geothermal Rising is a U.S.-based association, known for promoting geothermal technologies across the United States.
Industry
- Renewable Energy – The article centers around the development and promotion of geothermal energy, a key player in the renewable energy sector.
- Association & Non-Profit Organizations – Geothermal Rising and CanGEA are associations aimed at promoting geothermal energy, advocating for regulatory changes and industry collaboration.
Financials
Participants
Name | Role | Type | Description |
---|---|---|---|
Geothermal Rising | Acquiring Company | Company | A U.S.-based geothermal association promoting geothermal heat and power technologies. |
Canadian Geothermal Energy Association (CanGEA) | Target Company | Company | A Canadian association advocating for the geothermal community and promoting geothermal technology. |
Alison Thompson | Former Managing Director and Chair of CanGEA | Person | Former leader of CanGEA, involved in mentoring and promoting geothermal energy. |
Dr. Bryant Jones | Executive Director of Geothermal Rising | Person | Leader of Geothermal Rising, overseeing the transition and expansion into Canada. |
Jeanine Vany | Board Member and Executive Vice President of Geothermal Rising | Person | Board member driving enthusiasm for the opportunities following the acquisition. |
Lisa Mueller | Board Member-elect of Geothermal Rising | Person | CEO of FutEra Energy, supporting the growth and representation of the geothermal industry. |