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...
Deep Geothermal Powering Graz: How OMV and Energie Steiermark’s “Tiefenkraft” Project Is Transforming District Heating
Deep geothermal energy is quietly becoming one of Europe’s most powerful tools for decarbonizing heat, and the new “Tiefenkraft” project by OMV and Energie Steiermark in the Graz region shows exactly why it matters – and how it will work in practice. By: Robert Buluma Why Deep Geothermal Matters Now Across Europe, the heat transition has become the missing piece of the climate puzzle: electricity is decarbonizing fast, but buildings still rely heavily on fossil fuels for heating. District heating systems offer a way to decarbonize entire cities at once, and geothermal energy is uniquely suited because it delivers constant, weather-independent heat. In Graz and Styria, the deep geothermal potential of the subsurface is now being tapped at scale, promising a regional, climate-friendly heat supply that can run 24/7 for decades. The “Tiefenkraft” Project At A Glance “Tiefenkraft” is the name of a joint deep geothermal initiative by OMV and Energie Steiermark focused on the greater Gra...