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Green Tech International Powers Up Geothermal Innovation with Successful IPO on Bucharest Stock Exchange

Green Tech International: Powering the Future of Geothermal Energy with a Successful IPO 

Bucharest, February 10, 2025 – Green Tech International S.A. (BVB ticker: GREEN), a trailblazer in geothermal energy solutions and the owner of one of Europe’s largest portfolios of deep geothermal wells, has announced the triumphant completion of its Initial Public Offering (IPO) on the Bucharest Stock Exchange. With shares priced at RON 15.00 (approximately EUR 3 per share), the company now boasts a market valuation of RON 1199 million (EUR 241 million). Trading officially kicked off on February 7, 2025, marking a significant milestone for the renewable energy sector.  

This IPO unlocks access to an impressive EUR 135 million Subscription Facility from GEM Global Yield LLC SCS, a leading investment group specializing in emerging markets. This strategic partnership positions Green Tech International to scale its operations and advance Europe’s journey toward sustainable energy.  

Geothermal Energy: A Reliable, Sustainable Power Source

With an installed capacity of 300 MWth and a remarkable ability to deliver energy consistently for over 8,300 hours annually, Green Tech International's geothermal energy solutions outshine intermittent sources like solar and wind. This reliability makes geothermal energy a critical asset for decarbonizing high-energy-demand sectors such as data centers, sustainable horticulture, and district heating.  

Driving Sustainability and Innovation  

Under the visionary leadership of CEO Horia Pitulea, Green Tech International aims to reduce CO2 emissions by over 500,000 tons annually, with projections to exceed 1 million tons as operations scale. The company’s ambitious EUR 500 million investment plan over the next three years includes:  

Zero-emission food production: Revolutionizing agriculture through geothermal-powered heating and cooling systems.  
Sustainable data centers: Meeting the energy-intensive demands of digital infrastructure without a carbon footprint.  
Carbon-free district heating: Providing eco-friendly thermal solutions to urban areas.  

“Our experienced geologists and drilling engineers have deep knowledge of European geothermal resources, enabling us to expand our business model to other countries with geothermal potential,” said Horia Pitulea.  

Strategic Investment with GEM Global Yield LLC SCS 

The EUR 135 million Subscription Facility with GEM Global Yield LLC SCS reinforces Green Tech International's financial strength. With over 570 transactions across 70 countries, GEM brings unparalleled expertise and resources to support Green Tech's growth trajectory.  

Leading the Geothermal Revolution in Europe

With over 12 years of experience, Green Tech International manages 83 deep geothermal wells, comprising one of Europe’s largest geothermal portfolios. By investing in industries that require substantial heating and cooling, the company leverages its abundant geothermal resources to create synergies that fuel innovation and sustainability.  

Green Tech International's listing on the Bucharest Stock Exchange represents more than just a financial achievement—it’s a bold step forward in the quest for a cleaner, greener Europe powered by geothermal energy.  

For more information, visit  

Media Contact:
Daniela Maior (Șerban)  
dmaior@vertikgroup.eu | 0742242662  

Investor Contact:
investors@green-tech.energy


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