StoneTurn Expands Energy Transition Offering with Subterra Renewables Collaboration
May 15 2024 - 9:05AM
Business Wire
StoneTurn Enhances Service Offerings for
Clients Pursuing Net Zero Goals Through Subterra’s Geothermal
Business Model
StoneTurn, a leading global professional services firm,
announced today 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.
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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.
About StoneTurn
StoneTurn, a global professional services firm, works with law
firms, corporations, and government agencies in solving the most
complex and consequential business issues. StoneTurn has earned the
trust of clients and regulators worldwide by deploying
multidisciplinary teams of industry leaders to provide unique
expertise with forensics and investigations, risk and compliance,
data and technology, economic and dispute advisory, and strategic
business consulting. Founded in 2004, StoneTurn operates from
offices across five continents and is widely lauded for its
commitment to collaboration, integrity, and independence. Learn
more at StoneTurn.com.
About Subterra
Subterra Renewables is a geothermal exchange company with access
to the largest drilling fleet in North America, operating the most
energy-efficient and resilient heating and cooling technology in
the world. Most recently placing No. 1 in the Globe and Mail’s 2023
Report on Business ranking of Canada’s Top Growing Companies,
Subterra is a fully vertically integrated company that custom
engineers, installs, owns and operates first-of-its-kind geothermal
exchange systems. As a leader in the sustainability and
decarbonization movement, its best practices align with government
ESG initiatives, expediting building approvals, and accelerates a
path to Net Zero. Available under Subterra’s energy as a service
model, the company serves all North America. To view Subterra’s
latest corporate video, visit us here. For more information on
Subterra, visit us here.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240515763806/en/
Media StoneTurn: Lindsay
Sweeney Director, Marketing Communications
lsweeney@stoneturn.com
Subterra Renewables: Briana Gagliardi Marketing &
Communications Manager briana@subterrarenewables.com