StoneTurn Expands Energy Transition Offering with Subterra Renewables Collaboration

Source: www.gulfoilandgas.com 5/15/2024, Location: North America

StoneTurn, a leading global professional services firm, announced expansion of its Energy Transition and Net Zero offerings through a new collaboration with Subterra Renewables ("Subterra"), North America’s leading geothermal energy provider offering clean energy solutions to large scale developers looking for ways to improve their buildings energy efficiency.

Through this collaboration, StoneTurn’s multidisciplinary team of experts has augmented its direct relationships with renewable technology providers to offer informed recommendations to clients wishing to decarbonize operations, providing seamless, end-to-end, independent guidance. Subterra offers an alternative to fossil fuel powered systems—decarbonizing large building’s energy usage with electrification by combining established geothermal energy technology via its energy-as-a-service model for heating and cooling buildings on large campuses managed by industrial, academic, and government customers. Subterra will be able to tap StoneTurn’s extensive network of expertise and connections to lever a full suite of business advisory and analytical skills to aid the energy transition for customers.

"Helping clients transition toward a clean energy economy requires collaboration across a multidisciplined set of skills and services. Organizations focused on energy transition require connected experts with full-scale capabilities and detailed knowledge of available technologies, which are constantly evolving. Our relationship with Subterra is an exciting addition to the deep industry relationships we already have and apply to meet our client needs," said Tanya Bodell, Partner, StoneTurn.

"Large buildings continue to be the biggest contributors to greenhouse gas emissions in North America and its therefore imperative that renewable clean energy solutions like Subterra’s geothermal offerings provide a viable system for managing heating and cooling energy needs," said Jessica Rowe Bald, SVP and Partner, Subterra Renewables. "Additionally, ensuring alignment with resourceful advisors like StoneTurn will help our respective clients understand the economic and financially viable alternatives for achieving their decarbonization goals."

Dr. Gil Rodgers, Senior Adviser at StoneTurn, added, "District geothermal energy systems provide renewable alternatives for heating and cooling buildings for many sectors of the economy. Large campuses such as healthcare, higher education, government and municipalities, transportation hubs, pharmaceuticals, utilities, and real estate developments are prime candidates for geothermal district heating systems and the business model that Subterra offers."

Understanding the Journey to Net Zero
As the world transitions to a net zero emissions economy, businesses and financial institutions are working to reduce their emissions in line with climate science. StoneTurn serves as a trusted adviser for organizations looking to reach their environmental goals, exploring the feasibility and cost/benefits of pursuing them. We guide stakeholders in goals, climate strategies, implementation tactics and a compliance program focused on climate policies, energy conservation, reduction in waste and pollutants, and protecting natural resources. Learn more.


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