Sage Geosystems, Inc. and California Resources Corporation Announce Strategic Partnership for Subsurface Energy Storage and Geothermal Power Generation in California
California Resources Corporation (CRC)
NASDAQ:AMEX Investor Relations:
crc.com/investor-relations
Company Research
Source: Business Wire
LONG BEACH, Calif. & HOUSTON--(BUSINESS WIRE)--Sage Geosystems, Inc. (Sage) and California Resources Corporation (NYSE: CRC) today announced the signing of a Memorandum of Understanding (MOU) to establish a collaborative framework for pursuing commercial projects and joint funding opportunities related to subsurface energy storage and geothermal power generation in California.This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240923425222/en/This strategic partnership between Sage and CRC will focus on developing clean and reliable energy solutions in the State of California. Current estimates are that the global electricity demand will double by 2050, and this does not include the demand for data centers with artificial intelligence (AI) capabilities.By leveraging our combined expertise and resources, the companies aim to achieve significant progress in the field of subsurface energy storage and geothermal power generation
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News
- California Resources Co. (NYSE: CRC) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- California Resources' (NYSE:CRC) Earnings Might Be Weaker Than You Think [Yahoo! Finance]Yahoo! Finance
- California Resources Corporation Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions [Yahoo! Finance]Yahoo! Finance
- California Resources Co. (NYSE: CRC) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
- California Resources Third Quarter 2024 Earnings: Beats Expectations [Yahoo! Finance]Yahoo! Finance
CRC
Earnings
- 11/5/24 - Beat
CRC
Sec Filings
- 11/12/24 - Form SC
- 11/12/24 - Form SC
- 11/7/24 - Form 4
- CRC's page on the SEC website