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Read the bottom bit, they are working closely with other energy providers!!!

Stephen Bowler, IGas CEO, added:

"We are delighted to be working with SSE as we seek to deliver this flagship renewable project for the city of Stoke-on-Trent. SSE is leading the way in developing the low-carbon assets and infrastructure required for the UK to reach its target of net zero emissions by 2050.

We are also working closely with other energy providers on a number of district heat networks in other cities.

Giles Newton, Head of Business Development for SSE Energy Solutions, said:

"We are delighted to announce our partnership with GT Energy which will help us to fully explore the feasibility of providing heat offtake from their future geothermal project in the Stoke area. We have proven expertise in the sector, with our 19 existing UK heat network sites, and we believe that geothermally sourced energy will play a vital role in decarbonising heat, as well as having the potential to tackle 'hard to decarbonise' process heat.

Currnt market cap is under £30 million is very cheap considering sse partnership and others to follow

Someone loading up like crazy at 25p

Guys geo thermal energy is the future I think cna will do a partnership with igas like Yesterday's rns igas with sse partnership

25p are all buys!

From centrica half yearly result i would guess they will partner with igas just like sse

"· Our intention remains to exit oil and gas production in line with our strategic shift to simplify the Group, focus on the customer and decarbonise the Group's portfolio.

Its there on black and white, they are working with other energy providers

Expect others partnering with igas, this is future of energy source

"We are also working closely with other energy providers on a number of district heat networks in other cities."

Theres energy crisis going on, Government's need to give green light to all projects

"Both the BGS report and the ARUP report, published in May this year, support the need for deep geothermal in the Government's energy policy for the next 30 years, but with real and tangible benefits in the immediate future. Deep geothermal has the potential to become a world leading industry here in the UK, provide a stable transition away from oil and gas, and help meet the Government's net zero ambitions by decarbonising heat on a mass scale. It would also create 1,000s of new jobs and generate tens of millions of pounds in new investment."

Read the rns again, they are working with other energy providers! Perhaps centrica

"We are also working closely with other energy providers on a number of district heat networks in other cities.

I wonder if there's any shorts

Someone just bought 100k shares at 31.70p

Igas Energy PLC topped the risers early on Monday, surging 16% to 22p on the back of a preliminary agreement with SSE PLC.

The pair will develop a district heating network in Stoke-on-Trent, working with the local council.

“Deep geothermal has the potential to become a world leading industry here in the UK, provide a stable transition away from oil and gas, and help meet the Government's net zero ambitions by decarbonising heat on a mass scale. It would also create 1,000s of new jobs and generate tens of millions of pounds in new investment,” said Igas chief executive Stephen Bowler.

16th sep rns

Commenting Stephen Bowler, IGas CEO, said:

"The signing of the agreement with CeraPhi is another important step in IGas's drive to diversify its operations, adding to the ongoing work on hydrogen production and carbon storage and bolstering our established geothermal offering. 

As local authorities and other large-scale users of heat transition away from fossil fuels we are receiving an increasing number of enquiries looking to geothermal as a solution and through this growing pipeline of development opportunities, IGas is well-positioned to deliver a solution to the long-term decarbonisation for heat in the UK."

£28 million mcap is very cheap, sse talking about future of energy source

Giles Newton, Head of Business Development for SSE Energy Solutions, said:

"We are delighted to announce our partnership with GT Energy which will help us to fully explore the feasibility of providing heat offtake from their future geothermal project in the Stoke area. We have proven expertise in the sector, with our 19 existing UK heat network sites, and we believe that geothermally sourced energy will play a vital role in decarbonising heat, as well as having the potential to tackle 'hard to decarbonise' process heat. We look forward to developing the Stoke City project with GT Energy over the next 12 months". 

8.70p to buy

How can this go down? Crazy