Transitioning to Geothermal Energy
Geothermal energy is central to Star Energy’s strategic future. In 2020, we acquired GT Energy, a UK-based geothermal development company, to establish a platform for long-term growth in this sector. Since then, we have been focused on developing technically sound, commercially viable geothermal projects across the UK, targeting areas with high heat demand and suitable geological conditions.
Our approach is based on delivering full-cycle geothermal systems, from feasibility and planning through to drilling, installation, and long-term operations. Each project is supported by our in-house engineering and project delivery teams, enabling us to provide an end-to-end service with single-point responsibility.
In August 2023 Star Energy made its first overseas geothermal investment through an acquisition of 51% of A14 Energy Limited (increased to 71% in January 2025) that owns the Ernestinovo exploration licence in the Pannonian Basin in Northern Croatia. The Croatian subsidiary, IGeoPen d.o.o, was then awarded a further two exploration licences at Sječe and Pčelić in October 2023. The exploration licences are based in the Drava depression geological region, which is in the southwestern area of the Pannonian basin.
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