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CALGARY, Alberta, May 04, 2021 (GLOBE NEWSWIRE) FutEra Power Corp. ( FutEra ), a subsidiary of Razor Energy Corp. ( Razor or the Company ) (TSXV: RZE) which is a publicly traded Alberta-based junior oil and gas company, is pleased to announce it is entering the project execution stage of its co-produced Geothermal Power Project in Swan Hills, Alberta (the Project ).
For further investor information please contact the undersigned at info@futerapower.com
This Project begins with field construction activities, with financial and in-kind support from Razor ( Stage Gate 1 ). FutEra has partnered with our provincial and federal governments to invigorate the emerging geothermal industry. Provincially, Alberta Innovates ( AI ) and Emissions Reduction Alberta ( ERA ), and federally, Natural Resources Canada ( NRCan ), have provided grants to complete funding. With an estimated cost to complete of $20 million, Stage Gate 1 will produce up to 3 MW of green geothermal electricity.
Canada
Swan-hills
Alberta
Steve-macdonald
Doug-bailey
Doug-schweitzer
Laura-kilcrease
Lisa-mueller
Razor-energy
Razor-energy-corp-futera-power
University-of-alberta
Blade-energy-services