News
21 May 2021
Rock Energy signs Letter of Intent for new installation
18 May 2021
Net Trading Group NTG AB announces the lock-up agreement on NTG shares issued to former Rock Energy shareholders; new dates for the Q1 2021 report and annual shareholder meeting
Net Trading Group aquires geothermal firm Rock Energy
19 March 2021
Enhanced LOI with Faroe Islands utility
Rock Energy has signed an enhanced letter of intent with a Faroe Islands based utility company to make a bid to offer energy to the growing Faroese market
Isolated in the North Atlantic Ocean, the Faroe Islands need to be self-sufficient in terms of electricity generation as the Faroese electrical grid is not interconnected to any neighbouring countries
The political goal is to replace around 230,000 MWh currently produced using heavy oil
The challenge in the Faroes is that solar is insignificant and wind cannot provide sufficient reliable energy to the grid. The only base load source of significance is heavy fuel oil. Rock Energy’s energy wells could decrease the dependence on heavy fuel oil for power in the Faroe Islands by providing renewable base load energy
Surface heating plant at the National Police Emergency Response Center in Norway
Direct heating of the ground at the helipads
Energy plant consisting of four energy wells at 750 meters depth
Production commenced in March 2019 and the four wells have been in operation since the 2019/20 winter season
Surface heating plant at Oslo Airport Gardermoen
Direct heating of the ground at the engine test area
Energy plant consisting of two energy wells at 1500 meters depth
Production commenced on 30 October 2018 and the two wells have been in operation since the 2018/19 winter season
OSL Airport Gardermoen already requesting more plants – 30+ more Energy Wells for de-icing of the outside areas surrounding the airport gates, de-icing of the runways and general heating of their building portfolio
Contact Us
United Kingdom
Harben House, Harben Parade
Finchley Road
London, NW3 6LH
United Kingdom
contact@rock.energy
Investor Relations: ir@ntginvestor.se