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FutEra Power Corp and Orcan Energy sign LOI to Enhance the Energy Efficiency of Oil and Gas assets and Geothermal Projects

Munich, Germany and Calgary, Canada,21.11.2024 – Orcan Energy (“Orcan”) has signed a Letter of Intent (LOI) with FutEra Power Corp (“FutEra”) to collaborate on projects across Canada. The partnership comprises two focus areas with a phased approach: first, FutEra and Orcan will collaborate to add waste heat recovery to existing oil and gas assets such as compressor stations. In the next step, the partners will focus on using the excess heat from geothermal projects, particularly in Western and Northern Canada, to include the repurposing subeconomic oil and gas wells and facilities.

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FutEra Gains Strategic Investment Through Razor’s Recapitalization

Munich, Germany and Calgary, Canada,21.11.2024 – Orcan Energy (“Orcan”) has signed a Letter of Intent (LOI) with FutEra Power Corp (“FutEra”) to collaborate on projects across Canada. The partnership comprises two focus areas with a phased approach: first, FutEra and Orcan will collaborate to add waste heat recovery to existing oil and gas assets such as compressor stations. In the next step, the partners will focus on using the excess heat from geothermal projects, particularly in Western and Northern Canada, to include the repurposing subeconomic oil and gas wells and facilities.

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Construction to Commence on the First Co-produced Geothermal Power Project in Alberta, and Canada

May 4, 2021 - Calgary, Alberta - 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”).

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