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...
Versailles Powers Its Historic Legacy with Deep Geothermal Energy: A Model for Sustainable Urban Heating
Versailles Embraces Deep Geothermal Energy to Decarbonize Its District Heating Network By Robert Buluma The historic city of Versailles in France's Yvelines department is taking a bold step toward sustainability. On December 18, 2025, Mayor François de Mazières and Franck Lacroix, Deputy Managing Director of Engie , signed a 32-year concession agreement. This partnership entrusts Engie with transforming, modernizing, and greening the city's district heating network, aiming to slash carbon emissions while providing reliable, renewable heat to residents. At the project's core is deep geothermal energy, harnessing the natural heat from underground aquifers. The site targets the Dogger aquifer, a limestone formation from the Middle Jurassic period, located about 1,500 meters below the Paris Basin. Water in this layer reaches temperatures of around 60°C, making it ideal for heating. The plan involves drilling a geothermal doublet two wells: one to extract hot water and another t...