ralph.hardwick

NEWS CeraPhi Energy awarded funds to undertake pioneering decarbonisation study   18 May 2022 Deep geothermal delivery specialist CeraPhi Energy has been awarded the first of its kind geothermal study to undertake repurposing of offshore oil and gas wells using its proprietary advanced closed loop system. The study will cover the initial phase of a staged process to determine how retrofitted wells can reduce the carbon footprint of an operating platform. The project is being led by the CeraPhi Subsurface Engineering Team in collaboration with topside engineering services company Petrofac. The study will use EnQuest’s Magnus Platform as the base case. The Magnus Platform, formally operated by BP, is one of the UK largest operating facilities and sits north of the Shetland Islands. Magnus is a fully integrated drilling and production facility with a design capacity of 85,400 stbpd of crude oil, and 110 mmscfd of gas export and a maximum of 240,000 bpd of produced water. The study will incorporate the use of CeraPhi proprietary advanced closed loop technology, CeraPhiWell™, that is designed to fit into old wells to extract heat from deep underground by a downhole heat exchanger. Depending on the operating temperatures established in the study the heat produced could be used as direct power and/or heating or cooling for utilities and other services reducing the overall carbon emissions of the facility. Karl Farrow, CeraPhi, Founder and CEO, said: “This award is a statement to how the oil and gas industry is transitioning in the decarbonisation of the oil and gas extraction process.” “If we can use old non-productive wells to produce clean baseload energy, why can’t we make those same wells produce carbon free energy when they are drilled, reducing the carbon footprint during the oil and gas extraction process and ensuring the maximum use of these assets through a complete energy transition over decades.” Craig Nicol, Project Manager, NZTC “We are delighted to be supporting CeraPhi with this ground-breaking project that if proven could become a serious contributor to the renewable energy mix.  The industry is facing a significant challenge to decommission wells that have come to the end of their production, this novel approach has the potential to extend their life whilst delivering on our net zero targets.” Jonathan Carpenter, Vice President, Petrofac New Energy Services “Our engineering specialists are looking forward to working with CeraPhi on this pioneering study, which has the potential to unlock a completely new way of generating renewable power using existing oil and gas infrastructure. It could be a game-changer in our efforts to decarbonise the oil and gas production process and has wider applicability for clean base load power as well” CeraPhi Energy, founded by a team of oil and gas experts just over 18 months ago, is driving deep geothermal projects using its proprietary closed loop technology across the world, with a total of nearly 1.5GW of heat, cooling and power projects under development and more than 5 GW under appraisal. Previous Post‘Europe has become a slave to Russia’: Can geothermal energy increase UK’s fuel independence?Next PostCeraPhi to Support Petrofac in ‘First of its Kind’ Oil and Gas Well Repurposing Study About CeraPhi®  CeraPhi is a vertically integrated Geothermal Development Company with proprietary technology and a mission to unlock the thermal heat underground to deliver sustainable, continuous, and totally green 24/7 baseload energy through a “plug and Play” sustainable technology platform.  To find out more and to explore investment opportunities with CeraPhi visit www.ceraphi.com For media inquiries and further information, please contact Holly Harvey-Perdicou holly.harvey-perdicou@ceraphi.com

NEWS ‘Europe has become a slave to Russia’: Can geothermal energy increase UK’s fuel independence?   1 April 2022 The UK can use geothermal energy to reduce its energy reliance on Russia in the wake of the Ukraine invasion, a former oil and gas industry veteran claims. Karl Farrow is the CEO of CeraPhi, a British geothermal energy company founded in 2020 by four ex-oil and gas executives. He says that geothermal energy – a renewable power that harnesses the heat and steam from underground reservoirs – is far more viable than gas and oil. He said: “Europe has become a slave to Russia from an energy point of view. Every country should have a right to be energy, food, and water independent and I think every country can be. “Deep geothermal is available everywhere, it’s basically heat escaping from out of the ground from earth’s big battery. We’re sitting on 6,000 degrees of temperature from the centre of the earth trying to radiate out.” The UK has a wealth of oil and gas expertise and infrastructure which can be repurposed to geothermal, Mr Farrow says. “We are a country that has global expertise in extracting energy from the subsurface, so we can do the same with deep-geothermal heat, and this heat can allow us to produce electricity which can provide us a baseload energy source,” he said. “But more importantly, heat from a direct source like deep geothermal can move us away from using gas for things like heating, as we can use it straight from the ground which means we are then not dependent on foreign imports of hydrocarbon like gas.” Paul Stockley, head of oil and gas at law firm Fieldfisher, says there have been a number of successful and commercially viable geothermal projects that repurpose existing infrastructure, but admits equipment and infrastructure costs are an issue. “Costs are a major factor in deciding whether geothermal projects are workable,” he said. “Nevertheless, many projects could still be economically viable and compare favourably to the costs of drilling new oil wells. “The oil price is also something to consider, but there is likely to be less volatility in the price of energy produced from geothermal sources. “Particularly where repurposing existing oil and gas infrastructure, these projects would in theory qualify for government grants under the Net Zero emissions by 2050 policy commitment. “Repurposing oil and gas wells, where viable, seems an obvious route for the government to support. “Where converting existing subterranean infrastructure like shale wells is technically and economically viable, the government has a responsibility to promote and enable geothermal conversion when balancing the trilemma of energy security, affordable supply, and meeting climate goals.” Mr Farrow also admits there is a cost element to access geothermal and it is not a commercial model that gives double-digit returns in a short period of time like oil and gas. “It’s a long-term gain, it’s a utility model and creates an energy source that can be accessed from the same well for decades,” he added. “I think we are very vulnerable in our dependence on fossil fuels. It’s taken us over 100 years to get to this point. “Even with trillions invested in renewables like wind and solar, our global energy infrastructure is still predominantly being powered by fossil fuels.” Previous PostRenewaBit and CeraPhi Energy Make Oil & Gas Well End-of-Life Profitable with GreenFlash™ ServiceNext PostCeraPhi Energy awarded funds to undertake pioneering decarbonisation study About CeraPhi®  CeraPhi is a vertically integrated Geothermal Development Company with proprietary technology and a mission to unlock the thermal heat underground to deliver sustainable, continuous, and totally green 24/7 baseload energy through a “plug and Play” sustainable technology platform.  To find out more and to explore investment opportunities with CeraPhi visit www.ceraphi.com For media inquiries and further information, please contact Holly Harvey-Perdicou holly.harvey-perdicou@ceraphi.com

NEWS RenewaBit and CeraPhi Energy Make Oil & Gas Well End-of-Life Profitable with GreenFlash™ Service Retrofitting Wells to Produce 100% Baseload Geothermal Energy with Integrated High Yield Crypto Mining Offtake 17 February 2022 SAN DIEGO, California (February 17, 2022) – RenewaBit, Inc. and Houston Based CeraPhi Energy, LLC announced today their GreenFlash™ service that retrofits oil and gas wells to produce 100% clean geothermal energy with integrated crypto mining offtake that seamlessly commercializes produced energy at ultra-high yield prices. The GreenFlash™ service solves the key financial and environmental challenges posed by end-of-life oil and gas wells providing a clean sustainable energy transition and switches incentives for well-owners to retain assets by making well end-of-life profitable. Notably, GreenFlash™ leverages the proprietary CeraPhiWell™ closed loop technology that allows operating wells to continue extracting oil and gas while simultaneously producing clean geothermal energy, making GreenFlash™ suitable for wells at any life-stage. RenewaBit’s crypto mining data centers represent a fully scalable offtake solution that commercializes produced geothermal energy at high variable yields, and require small land and electrical infrastructure requirements – using only 400sqft of space per MW. “Because many wells are in remote locations with limited local power demand or electrical infrastructure, RenewaBit’s scalable data centers make it possible for us to commercialize vastly more wells than otherwise possible. Lafayette Herring, VP of North America for CeraPhi – adding that “The GreenFlash™ solution now makes the majority of wells a suitable option for retrofitting due to the scalable high yields that can be created by RenewaBit in any location.” The GreenFlash™ service includes the geothermal well retrofitting and data center deployment under a simple and rapid process that reaches commercial operation in under two quarters. RenewaBit and CeraPhi arrange and directly conduct EPC and O&M for the wells and data centers. RenewaBit’s automated service is used to instantly convert cryptocurrency into the client’s chosen currency, and deposit proceeds into a client account on a real-time basis. “We are excited by the potential to help the oil and gas industry solve major end-of-life well challenges while drastically increasing asset cash flow, and serendipitously creating a green energy strategy along the way”, writes Ian Hartley, Chief Executive Officer of RenewaBit, adding that “GreenFlash™ is, to our knowledge, the only realistic way to enable oil and gas firms to reach ‘net zero’ while increasing their profitability.” GreenFlash™ is currently being evaluated for deployment by major companies in the oil and gas space and is looking toward its first deployments within the year. Eric Finch, Chief Development Officer of RenewaBit, encourages interested companies to reach out, writing that “We’re already seeing a great deal of interest in GreenFlash™ and we’re excited about delivering this important solution efficiently to the industry.” Previous PostGrant pushes ‘show and tell’ site model for oil and gas well clean energy transition closerNext Post‘Europe has become a slave to Russia’: Can geothermal energy increase UK’s fuel independence? About CeraPhi®  CeraPhi is a vertically integrated Geothermal Development Company with proprietary technology and a mission to unlock the thermal heat underground to deliver sustainable, continuous, and totally green 24/7 baseload energy through a “plug and Play” sustainable technology platform.  To find out more and to explore investment opportunities with CeraPhi visit www.ceraphi.com For media inquiries and further information, please contact Holly Harvey-Perdicou holly.harvey-perdicou@ceraphi.com

NEWS Grant pushes ‘show and tell’ site model for oil and gas well clean energy transition closer 08 February 2022 A live demonstrator that shows how patented technology can transform oil and gas wells to source limitless green energy is a step closer because of innovation funding. Deep geothermal delivery specialist CeraPhi Energy is accelerating creation of a demonstrator skid for its patented CeraPhiWell to be set up on well sites for potential clients to witness how they can be part of the race to Net Zero and bring lasting investment returns. Modelling, designing and software for a CeraPhiWell demonstrator skid is now under way after the award of a Growth Through Innovation Fund grant from the New Anglia Local Enterprise Partnership (LEP). CeraPhiWell is closed loop technology that fits into old wells to extract heat from deep underground by a downhole heat exchanger. The heat can be used as direct heat for heating or cooling for nearby communities, agriculture and industry or, for higher temperatures, be converted to clean energy. It can be used to create commercially useable heat from the sub-surface anywhere in the world. Karl Farrow, CeraPhi CEO, said the target was to have the demonstrator on site by the end of June: “This grant has given us crucial support in development of this live demonstrator, which is critical to drive forward the CeraPhiWell for deployment and then the next step to create jobs for live projects.”“Investing in research and development and innovation is essential yet burdensome for a young fast-moving business like ours needing to rapidly develop technology to move forward and expand. Without grants like this, everything takes so much longer.” CeraPhi, founded by a team of oil and gas engineers nearly 18 months ago, is driving deep geothermal projects using its proprietary closed loop technology across the world, with a total of nearly 1.2GW of heat, cooling and power projects under development and more than 1.8 GW under appraisal. Headquartered in Great Yarmouth, with bases at Houston’s Greentown Labs and in London and Cornwall, CeraPhiWell’s proprietary patents cover the design and installation of a downhole heat exchanger system using existing technologies to be part of the energy transition. Karl Farrow, CeraPhi CEO, said: “CeraPhiWell can be a fallback or insurance option for wells that fall short of production expectations. Its retrofit architecture can be installed to bring commercial return by producing commercially-viable heat rather than owners embarking on costly well abandonment.” Chris Starkie, chief executive of New Anglia Local Enterprise Partnership (LEP), said: “Exploiting our expertise and innovative capabilities, especially in the clean energy sector, is going to be crucial to delivering a high-performing, clean, productive and inclusive economy for Norfolk and Suffolk. So, we are delighted to support CeraPhi with the development of this heat-producing technology which, once deployed, will create valuable local jobs.” Previous PostOur team is expandingNext PostRenewaBit and CeraPhi Energy Make Oil & Gas Well End-of-Life Profitable with GreenFlash™ Service About CeraPhi®  CeraPhi is a vertically integrated Geothermal Development Company with proprietary technology and a mission to unlock the thermal heat underground to deliver sustainable, continuous, and totally green 24/7 baseload energy through a “plug and Play” sustainable technology platform.  To find out more and to explore investment opportunities with CeraPhi visit www.ceraphi.com For media inquiries and further information, please contact Holly Harvey-Perdicou holly.harvey-perdicou@ceraphi.com

NEWS Our team is expanding 07 February 2022 In the first few weeks of 2022 CeraPhi Energy has welcomed two new members to our growing team, Angela Hogg and Holly Harvey-Perdicou. Both are based in our Great Yarmouth head office and will work alongside the rest of the CeraPhi Energy team. Angie joins us from one the regions leading offshore wind companies but is excited to be joining CeraPhi Energy to be part of the geothermal journey we are on. She will be taking on much of our bookkeeping and admin duties. Holly was for many years, before moving to live in the Far East, a manager at EEEGR and led the events and marketing team. She will be taking on the same role for CeraPhi and taking the lead on organising our attendance at events, planning our own webinars, events and steering our marketing campaigns. The Ceraphi team, Gary Williams, Karl Farrow, Iain Pittman, Andy Wood, Richard Jenkins, Martin Hindicky, John Sewell and the rest are delighted to welcome them both to the team and we all look forward to working together. Previous PostCeraPhi Energy and Climate Change Ventures collaborate for baseload Green Hydrogen.Next PostGrant pushes ‘show and tell’ site model for oil and gas well clean energy transition closer About CeraPhi®  CeraPhi is a vertically integrated Geothermal Development Company with proprietary technology and a mission to unlock the thermal heat underground to deliver sustainable, continuous, and totally green 24/7 baseload energy through a “plug and Play” sustainable technology platform.  To find out more and to explore investment opportunities with CeraPhi visit www.ceraphi.com For media inquiries and further information, please contact Holly Harvey-Perdicou holly.harvey-perdicou@ceraphi.com

NEWS CeraPhi Energy and Climate Change Ventures collaborate for baseload Green Hydrogen. 18 January 20222 CeraPhi Energy is pleased to announce its collaboration with Climate Change Ventures (CCV) for the development of Green Hydrogen using baseload Geothermal as the primary energy source for continual electrolysis from its proprietary Closed Loop CeraPhiWell™ system. The parties will combine CeraPhi’s experience in Advanced Geothermal and proprietary Closed Loop technology together with CCV’s Innovative Hydrogen Technology to develop and roll out baseload geothermal for scalable Green Hydrogen production anywhere. CCV is an integrated financial services and project development firm established to facilitate technology development within the energy transition movement with the prime objective of reducing carbon footprint in line with international climate change targets. Through its subsidiary Hydrogen Venture Ltd (HV2), CCV have established over £350M in developments within the EU and UK, seeking to recover 1.5 million tons of CO2. Their vision is to increase their current project portfolio of green hydrogen and synthetic fuels (green ethanol and green methanol) in 2022 to over £1bn. Green Hydrogen is produced by splitting water using electrolysis powered by renewable energy sources such as wind or solar and is the cleanest option, since CO2 is not produced as a by-product. CeraPhi Energy is an Integrated Geothermal Energy company with proprietary Advanced Geothermal Closed Loop technology providing baseload 24/7 energy off grid anywhere, across a multitude of sectors which include large scale domestic and residential heat networks, combined heat and power, industrial processing, desalination and water treatment, agriculture, and aquaculture. Karl Farrow, CeraPhi Energy CEO said:“There is a lot of hype around Hydrogen’s role in the energy mix being a clean fuel to burn for heating or use for transportation, however, we know most of this is focused on the use of fossil fuel and whatever that’s, black, grey or blue, to produce this sustainably at scale means producing fossil fuels in vast quantities forever. The CeraPhi approach allows Hydrogen to be produced using one of the cleanest baseload energy sources, that being Geothermal. Green Hydrogen requires a 24/7 energy supply to make it commercial at scale and due to its complex transportation challenges the ability to produce Green Hydrogen at a low cost where it can be used directly provides a game changing commercial benefits. We are looking forward to working with Climate Change Ventures in these projects and defining the next generation of scalable Green Hydrogen technology.”Horacio Carvalho, CEO of Climate Change Ventures said: “CCV is always looking for new technologies that enhance competitive pricing on green hydrogen production and we are delighted to have entered into this collaboration agreement with CeraPhi. With our subsidiary Hydrogen Ventures (H2V) which develops green hydrogen projects, we will have a constant supply of green power from geothermal facilities developed by CeraPhi. CCV will also introduce this technology to other clients whom we currently advise to enhance their capability to access a mix of green power 24/7. Within the ethos of CCV is embedded a strategic objective of introducing new technologies that enable a net zero economy and contribute to global climate change mitigation. The partnership we have created together strengthens this objective immeasurably. “ Previous PostClimate change three-star general joins CeraPhi’s deep geothermal crusadeNext PostOur team is expanding About CeraPhi®  CeraPhi is a vertically integrated Geothermal Development Company with proprietary technology and a mission to unlock the thermal heat underground to deliver sustainable, continuous, and totally green 24/7 baseload energy through a “plug and Play” sustainable technology platform.  To find out more and to explore investment opportunities with CeraPhi visit www.ceraphi.com For media inquiries and further information, please contact Holly Harvey-Perdicou holly.harvey-perdicou@ceraphi.com

NEWS Climate change three-star general joins CeraPhi’s deep geothermal crusade 17 January 2022 Deep geothermal delivery company enlists retired army leader who changed MoD’s stance on climate change, emissions and sustainability to its team. Much-decorated Lt General Richard Nugee becomes CeraPhi Energy’s global strategist. Deep geothermal’s potential for delivering reliable baseload energy for heating, cooling and electricity is huge, unlike wind and solar, it is not dependent on weather and is crucial to global renewable energy mix. The much-decorated military leader who changed the Ministry of Defence’s approach to climate change has joined the crusade for large-scale geothermal energy by taking on the role as global strategist for pioneers CeraPhi Energy. Lt General Richard Nugee, a three-star general who wrote the report that led to the MoD’s Climate Change and Sustainability Strategic Approach, takes a seat on CeraPhi’s advisory board and will champion the business, a signatory of the Armed Forces Covenant, as an employer for military leavers. The retired Chief of the Defence People, and one of the army’s most senior officers, said: “CeraPhi’s mission and the deep geothermal solution is really appealing with huge potential. We need to persuade the government and industry, particularly energy hungry industry, what the geothermal offer is.” CeraPhi, headquartered in Great Yarmouth, with bases at Houston’s Green Town Labs and in London and Cornwall, is driving deep geothermal projects using its proprietary closed loop technology across the world, with a total of nearly 1.2GW of heat, cooling and power projects under development and more than 1.8 GW under appraisal. Lt General Nugee, appointed Non-Executive Director for Climate Change in Defence last March after retiring from a 36-year military career, now focuses on driving climate change strategy and sustainability activities. His support for deep geothermal is rooted in its potential for delivering reliable baseload energy for heating, cooling and electricity that, unlike wind and solar, is not dependent on weather. It is crucial to the future global renewable energy mix, he said. “By 2050, we will need at least five times more renewable energy than we need now. How are we going to do it? Solar panels and wind can’t achieve it all, nor can nuclear. None of the solutions will be sufficient in their own right, so what is there? “Deep geothermal is a solution that can be taken all around the world. Once it is drilled, it is there forever. When one drilling can heat 20,000 homes, a town would need just two wells drilled to bring up enough heat indefinitely.”  His work on the Climate Change and Sustainability Review Lead in Defence document during the pandemic outlined why the Armed Forces needed to adapt to a warming world and become more sustainable. His work shifted the MoD’s stance on cutting emissions and sustainability measures. “We may well run out of electricity in 2035 unless we do something. We have got 10 years to put in enough wells to be able to be part of the mix to create renewable green energy and that part of the mix isn’t just going to be deep geothermal, we need much more energy, and we need more of it to be renewable. There is a massive task here. “We need to get the message across to industrial users that we can produce 5MW from every single drilling and it will be eternal. “Its potential domestic application means, for example where I live, with a population of 31,000, just two wells could provide all the electricity for homes, our industry, enterprise zones and all our community needs. “After the upfront cost, this could service all our electricity needs, completely independently.” Karl Farrow, CeraPhi Energy CEO, said: “Richard shares our values and will help shape and develop our strategy.” “Richard is dedicated to making change and recognised that, not only does CeraPhi have the mission to make change, we have the technology and expertise and the commitment and drive.” Lt General Nugee, is a Member of the British Empire (MBE), Commander of the British Empire (CBE), Commander of the Royal Victorian Order (CVO), and Companion of the Order of the Bath (CB). He was awarded the US Legion of Merit for his services in Afghanistan. He will join the CeraPhi team at its strategy days next month in Great Yarmouth. Previous PostCeraPhi Energy awards Petrofac engineering design contract for demonstrator skid for drawing clean energy from oil and gas wellsNext PostCeraPhi Energy and Climate Change Ventures collaborate for baseload Green Hydrogen. About CeraPhi®  CeraPhi is a vertically integrated Geothermal Development Company with proprietary technology and a mission to unlock the thermal heat underground to deliver sustainable, continuous, and totally green 24/7 baseload energy through a “plug and Play” sustainable technology platform.  To find out more and to explore investment opportunities with CeraPhi visit www.ceraphi.com For media inquiries and further information, please contact Holly Harvey-Perdicou holly.harvey-perdicou@ceraphi.com

NEWS CeraPhi Energy awards Petrofac engineering design contract for demonstrator skid for drawing clean energy from oil and gas wells. 10 January 2022 International energy services provider Petrofac to engineer and design deep geothermal demonstrator skid for CeraPhi Energy. CeraPhi to use the skid on and offshore to show how existing oil and gas operations can be decarbonised. Demonstrator to be on UK site by Q2 this year. Deep geothermal delivery company CeraPhi Energy has engaged Petrofac to create a demonstrator to show how oil and gas wells can be repurposed to create renewable heat and power. The international energy services provider will complete the engineering and design of CeraPhi’s proprietary CeraPhiWell™ Field Demonstrator Skid for CeraPhi to take on site and to illustrate to potential clients how existing oil and gas operations can be decarbonised. The model will be designed to be used on any well, initially onshore, with an offshore version being developed later. The onshore demonstrator should be ready for site installation on an existing site in Q2 this year. Under the engineering framework agreement, the skid will test the working subsurface fluids produced by CeraPhi’s downhole heat exchanger in its proprietary closed loop system. The skid will initially be deployed on an existing UK oil and gas site with the offtake modelled for heating, cooling and power for industrial use for homes nearby. The modular system will be designed to be moved quickly from well to well and site to site. By demonstrating energy offtake with the skid alongside field development planning, removes the need for extensive studies and deploying bespoke systems on a plug-and-play basis.  Karl Farrow, CeraPhi CEO, said combining Petrofac’s topside expertise with CeraPhi’s well knowledge offers swift production of the demonstrator to enable CeraPhi to access sites quickly – the aim is within 24 hours – and plug into an existing well to operate the CeraPhi technology, producing kilowatts of heat and electricity. “We have been discussing our geothermal intentions with Petrofac’s New Energy Services team for around 12 months and have great confidence in its ability to translate its process engineering support and quality engineering into a robust engineered package. “Completion of this phase will enable us to then go out to third party manufacturing to build and for site installation in Q2 this year.” Jonathan Carpenter, Petrofac vice president said: “Petrofac is excited to use its process engineering design capability to support the demonstration of Ceraphi’s CeraPhiWell™ technology. Geothermal energy can provide baseload renewable power and heat and by using existing oil and gas wells and can also help decarbonise existing operations.” Previous PostDeep geothermal – the ethical investment for the energy transition.Next PostClimate change three-star general joins CeraPhi’s deep geothermal crusade About CeraPhi®  CeraPhi is a vertically integrated Geothermal Development Company with proprietary technology and a mission to unlock the thermal heat underground to deliver sustainable, continuous, and totally green 24/7 baseload energy through a “plug and Play” sustainable technology platform.  To find out more and to explore investment opportunities with CeraPhi visit www.ceraphi.com For media inquiries and further information, please contact Holly Harvey-Perdicou holly.harvey-perdicou@ceraphi.com

NEWS Deep Geothermal – The ethical investment for the energy transition. 20 December 2021 The story of deep geothermal has potential to mirror offshore wind’s swift and steep escalation from niche to mainstream. Reusing end-of-life wells to draw heat from the ground for large scale heating, cooling and power production is a prime target for smart ethical investment, forecasts Sital Joshi, new interim Chief Financial Officer for geothermal delivery company CeraPhi Energy. COP26 left us in no doubt that energy systems must change quickly and financial funders, public and private, have leading roles in making that change happen. Arguably, funders have a responsibility to deliver not just the energy transition but also the 17 United Nations Sustainable Development Goals. We believe geothermal is best placed to deliver on both. Funding geothermal is an ethical investment because it brings huge social impact globally by taking energy to the consumer alleviating fuel poverty and improving lives of normal people.COP26 reinforced ESG (Environmental, Social and Governance) as the ‘first tick in the box’ of any investment appraisal. Geothermal assures this and provides secure long-term yields. It is best placed to meet the United Nations Sustainable Development Goals (SDG).To accelerate geothermal energy’s part in the energy transition jigsaw by getting commercial projects moving and energy into the system, the message must hit home to investors, the government, and potential clients that geothermal can be harnessed everywhere, technologies have advanced to minimise drilling risk, and are insurable, and the non-intermittent and baseload nature of the power supplied aligns geothermal to UN SDG.This alignment is crucial. At Ceraphi, we believe that we are pioneering ESG in the sector and are deploying significant resource in ensuring we provide leadership in not just high ESG performance but, pursuing UN SDG also. It is our organisational DNA.Our goal is more than 100GW of geothermal energy capacity in the next 10 years, much of that by repurposing old oil and gas wells to draw up heat for direct heat and cooling, and power generation.By reusing old assets by using bespoke technology to draw up geothermal heat instantly dispels the biggest obstacle to geothermal, the risk of drilling.Access that geothermal energy can only be produced where there are volcanos and seismic activity is also a log-held misconception. Heat is everywhere. The deeper you drill the hotter it gets. Effectively mining that heat and moving it from the sub surface to the surface to use as energy anywhere and everywhere.CAPEX, previously a blocker for development, will be significantly reduced with approaches that remove the drilling and explorational risk previously encountered within the conventional geothermal space.Reusing end or nearly at end-of-life assets to tap into the baseload, plentiful energy under the ground that is not dependent on weather like wind and solar and is largely accessible everywhere and anywhere. It also takes away liability for plugging and abandoning the wells by the owner.Our advanced geothermal system process using a closed loop system means that it is isolated from any sub surface formation that included fluids, so no seismicity is created.Our order book is getting larger, with growing demand, and my new role is to secure funding to implement the business plan and steward the company, that has a very strong management team of seasoned oil and gas professionals and entrepreneurs, largely with exploration backgrounds, financially for the challenges ahead to ensure it’s resourced appropriately to deliver them.As a founder of Boustead renewables with experience in working with high growth SMEs, has, I understand where strengths and weaknesses can exist but also foresee opportunities and threats during a high growth phase.I have experience in solar and emerging storage technologies, arranging funding for more than 200MW of solar PV and energy storage projects, as well as a current pipeline of 3GW of various technologies.In terms of funding, I believe oil majors –have a part to play. In making large-scale geothermal project happen, and the only way is collaboration on funding and resources and be proactive in joint ventures.They must move towards collaboration and change their culture. They have the skill set and the money for the energy transition.CeraPhi has a mandated vison to enable the installation of over 500 GW of energy in the next 30 years which should make a significant impact on carbon reduction and, in turn, provide significant benefits for communities around the globe through not only adding clean energy, but also unlocking access to employment, economic development, food, and water in some of the most underdeveloped regions around the globe.The government paid lip service to offshore wind for 25 years and relied on the big companies to develop it. Geothermal will happen, but the expectation is that oil and gas with transferrable skills will do it themselves.It will happen. It the ethical investment for the energy transition. Previous PostNorfolk green energy solution to be highlighted in WestminsterNext PostCeraPhi Energy awards Petrofac engineering design contract for demonstrator skid for drawing clean energy from oil and gas wells About CeraPhi®  CeraPhi is a vertically integrated Geothermal Development Company with proprietary technology and a mission to unlock the thermal heat underground to deliver sustainable, continuous, and totally green 24/7 baseload energy through a “plug and Play” sustainable technology platform.  To find out more and to explore investment opportunities with CeraPhi visit www.ceraphi.com For media inquiries and further information, please contact Holly Harvey-Perdicou holly.harvey-perdicou@ceraphi.com

NEWS Norfolk green energy solution to be highlighted in Westminster 17 December 2021 Cabinet minister Brandon Lewis promises to highlight deep geothermal’s “exciting” potential to government ministers at Westminster. He visited geothermal development specialists CeraPhi Energy to discover how green deep geothermal energy could heat and power the UK to reach net zero targets. The team called for similar recognition for geothermal as offshore wind to bring to the “clean and almost everlasting energy source” to market. Pioneering work by a Norfolk-based business re-using old oil and gas wells to draw up deep underground heat as a commercial scale green energy solution will be highlighted in Westminter.Brandon Lewis, MP for Great Yarmouth and Secretary of State for Northern Ireland, visited fast-growing geothermal energy experts CeraPhi Energy to hear about its patented technology and potential for non-weather dependent geothermal alongside wind and solar power to meet net zero targets.After meeting the Great Yarmouth-based team, he said: “The concept and potential of geothermal energy is exciting and look forward to highlighting them to my ministerial colleagues.”CeraPhi Energy announced yesterday that it has entered into a Heads of Terms Agreement with UK Oil & Gas (UKOG) to develop the deep geothermal GeoHub at UKOG’s Horse Hill site in Surrey.It is also working with Third Energy and IGas on UK projects as well as internationally.CeraPhi Energy chief operating officer Gary Williams, and Karl Farrow, chief executive officer, briefed Mr Lewis about the potential of deep geothermal to provide baseload heat for district heating networks and greenhouse horticulture developments as well as creating electrical power to the National Grid.“The support of senior ministers is essential to help gain the appropriate recognition by the Government for this new approach to solving the global problem we are all facing,” Mr Williams said.“Much as how offshore wind became established, the huge potential of deep geothermal needs similar recognition to bring this much needed clean and almost everlasting energy source to market and help achieve the challenging Net Zero targets. “Here at the CeraPhi team, we are working hard to bring the first projects to fruition and to demonstrate that our approach to this, works. Supporters and backers from around the world are working with us to make this happen, and when it does, we will create work and jobs for the region and elsewhere.”CeraPhi, which has offices in London, Houston and Cornwall, started last year with founders bringing decades of global oil and gas experience to a new approach to renewable energy. Mr Lewis returned to Westminster with an extensive report about the benefits and opportunities of deep geothermal and a ministerial briefing by CeraPhi and the Geothermal Energy Advancement Association (GEAA). Previous PostCeraPhi Energy sign Exclusive Agreement with Oil and Gas UK to develop an Energy Hub “GeoHub”Next PostDeep geothermal – the ethical investment for the energy transition. About CeraPhi®  CeraPhi is a vertically integrated Geothermal Development Company with proprietary technology and a mission to unlock the thermal heat underground to deliver sustainable, continuous, and totally green 24/7 baseload energy through a “plug and Play” sustainable technology platform.  To find out more and to explore investment opportunities with CeraPhi visit www.ceraphi.com For media inquiries and further information, please contact Holly Harvey-Perdicou holly.harvey-perdicou@ceraphi.com