Plum Acquisition Corp. IV and Controlled Thermal Resources Outline a Large-Scale Geothermal and Critical Minerals Platform Plum Acquisition Corp. IV (“Plum IV”) and Controlled Thermal Resources Holdings Inc. (“CTR”) are moving toward a proposed business combination that would create a public company focused on one of the most ambitious geothermal and critical minerals developments in the United States. The combined entity is expected to trade on Nasdaq under the pro forma ticker CTRH, reflecting a platform built around clean baseload power, lithium recovery, and broader critical minerals production. The investor presentation dated August 2026 frames the transaction around CTR’s Hell’s Kitchen project in Imperial County, California, which is presented as a strategically positioned resource opportunity with energy, minerals, infrastructure, and permitting advantages. At the center of the presentation is a clear message: this is not just a power project, and it is not j...
Baker Hughes Launches Geothermal Service Center in Celle
Baker Hughes, a pioneer in geothermal energy for over four decades, marked a significant milestone on February 15th with the inauguration of its new Artificial Lift Geothermal Service Center in Celle. This state-of-the-art facility will serve as a hub for assembling, maintaining, and testing the company's geothermal pumps.
From its inception in the 1980s with the installation of the first Electric Submersible Pump (ESP) to its current position with the deployment of the world's largest ESP motors across Europe and the USA, Baker Hughes has played a pivotal role in driving the energy transition. Gustavo Marin, Vice President of Artificial Lift Systems, expressed pride in the company's geothermal energy track record, affirming its commitment to supporting partners through the energy transition.
The opening ceremony saw a gathering of esteemed customers and stakeholders, including Dr. Jörg Nigge, Mayor of Celle, who applauded Baker Hughes for achieving this significant milestone. Attendees were treated to insightful lectures followed by a tour of the facility.
The new service center in Celle will facilitate the dismantling, inspection, and repair of Baker Hughes' geothermal pumps, alongside comprehensive testing of the entire ESP line. Additionally, the center boasts a chemistry laboratory for analyzing ESP deposits from the field. To drive continuous innovation and enhance operational efficiency, an engineering department at the facility will focus on advancements in large-volume, high-temperature electrostatic precipitator systems.
We did a research article on how Oil and Gas Companies have focused on Geothermal and how Baker Hughes is a key player in it.
Leveraging its extensive geoscience and reservoir expertise, Baker Hughes aims to provide direct support for regional projects while maintaining global responsiveness.
Source :Alphaxioms
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