08/06/2021

Holland & Hart Represents GeoX Energy, Inc. in Investment Agreement with Nabors Industries Ltd.

Holland & Hart represented GeoX Energy, Inc. (“GeoX”), an emerging growth geothermal technology company seeking to commercialize technologies to install supercritical (800ºF) temperature geothermal power stations in the U.S. and internationally, in investment and commercial agreements with Nabors Industries Ltd. (“Nabors”), a leading provider of advanced technology for the global energy industry.

The proceeds from the investment will be used to fund a portion of the costs of a 50 MWn supercritical geothermal pilot project that GeoX plans to complete by the end of 2022. This technology produces up to ten times more renewable electric compared to other geothermal.

For more information, please see GeoX’s press release.

The Holland & Hart transactional team was led by corporate partner Marc Porter, with assistance from Matt Abell, Hao Wang and Justin Wood.

Holland & Hart’s Corporate attorneys have extensive experience advising clients from start-ups to public companies, at all stages of development, in a diverse range of industries, including energy and resources, technology, finance, healthcare, gaming, outdoor recreation, animal health, construction and building materials, aerospace, and food, beverage, and consumer products industries.

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