The goal of the work of the two businesses is to make a significant contribution to the energy transition by efficiently developing and operating geothermal wells and innovative smart grid district heating, and cooling networks on a large scale.

Huisman Geo focuses on the geothermal energy market in the Netherlands and neighbouring countries. Huisman Geo will operate with Huisman manufactured drilling rigs and it aims to decrease investment and operating costs, which are a key factor to enable large portfolio geothermal projects, needed to achieve the current ambitious energy transition plans.

Yeager Energy's ambition is to make a significant contribution to the energy transition by efficiently developing and operating geothermal wells and innovative smart grid district heating, and cooling networks on a large scale (portfolio approach). Yeager Energy has applied for its first geothermal exploration license ‘Nissewaard' in the province South Holland.

Remco van Ee, business development manager Huisman Geo said: "We see Yeager Energy as a valuable partner with the necessary innovation drive, experience and know-how to make geothermal energy for greenhouse horticulture, industry and the built environment more efficient and effective."

Robin Hamersma, director at Yeager Energy, added: "We welcome the partnership with Huisman Geo as a reputable, experienced and innovative partner. We believe that the combined strength of Yeager Energy and Huisman Geo will be instrumental in developing and accelerating the application of geothermal energy in the Netherlands."