GMK Energy A.S (GMK Energy) has signed a letter of intent with Alberta-based Novus Earth Energy Operations Inc (Novus Earth) to partner on the development of geothermal power generation solutions in Türkiye by deploying Advanced Geothermal Systems (AGS) solution at GMK Energy’s geothermal license location in Türkiye.
GMK Energy is a geothermal technology and development company with key assets across Türkiye, representing a huge potential throughout the region. The company is proud of its world-class geothermal development capability and extensive experience in the implementation of Coaxial AGS solution for the heating of greenhouses. The integration of AGS technology is expected to complement GMK Energy’s conventional geothermal resource development efforts, optimizing well design and improving drilling performance.
“GMK Energy’s geothermal licenses are positioned to significantly contribute to Türkiye’s renewable energy goals. By partnering with Novus Earth, together we aim to leverage AGS technology to enhance our geothermal energy extraction process and unlock new possibilities for sustainable energy generation,” said Murat Karadas, Co-founder and CTO at GMK Energy.
Novus Earth is an innovative provider of AGS technology, with focus on improving drilling efficiency and enhancing energy extraction from subsurface thermal resources. The company is also developing the Latitute 53 project in Hinton in Alberta, Canada, which aims to supply both thermal energy and electricity.
“This partnership is an exciting opportunity to demonstrate the potential of AGS technology in Türkiye’s geothermal sector. We are proud to collaborate with GMK Energy on this landmark project and set new standards for geothermal energy extraction in the region—and globally,” said Jeff Messner, President and Co-founder of Novus Earth.
This collaboration aligns with Türkiye’s ambitions to expand its renewable energy capacity and reduce reliance on fossil fuels. By combining GMK Energy’s operational expertise in implementing AGS for direct solutions together with Novus Earth’s innovative AGS technology, the two companies aim to make significant advancements in geothermal energy production.
The collaboration will help drive Türkiye’s energy transition, building a sustainable and independent energy future through the development and implementation of decarbonized technologies.
The LOI represents both parties’ commitment to working together on the project in Türkiye during which time both parties aim to formalize a long-term partnership and begin work on the agreed project in Türkiye. Further updates on the project will be provided as milestones are achieved.