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Title: GEIOS Technologies Wins 600 MW PPA, Driving Clean Energy Expansion Across Southeast Asia and Beyond

MIAMI, FLORIDA, United States, 23rd Oct 2024 – GEIOS Technologies, a pioneer in enhanced nanotech geothermal energy, announces it has secured a 25-year Power Purchase Agreement (PPA) with Electricite du Laos (EDL) for a massive 600 MW geothermal project in Champassak, Lao PDR. This agreement, the largest of its kind in Southeast Asia, positions GEIOS at the forefront of the region's clean energy revolution.Following a competitive evaluation, GEIOS was selected by EDL and the Lao Ministry of Energy and Mines to deliver reliable, renewable geothermal power, addressing the surging energy demands across Southeast Asia. The project will be implemented in phases, with an ambitious timeline of 150 MW operational by the end of 2026 and the next phase capacity coming online by 2028.To facilitate the development of this ambitious project and future expansion across Southeast Asia, GEIOS has established a Special Purpose Vehicle (SPV) in Lao PDR called Lao Development Construction and Investment (LDCI). LDCI, a fully owned company of GEIOS Technologies, will serve as the platform for geothermal energy projects not only in Lao PDR but also in Thailand, Vietnam, and Cambodia. The creation of LDCI comes in alignment with government requirements to ensure local development and implementation of renewable energy solutions.This PPA comes as Southeast Asian nations, particularly Lao PDR, seek to diversify their energy mix and reduce reliance on hydropower for exports to neighboring countries, including Malaysia, Singapore, Thailand, Cambodia, China, and Vietnam. The 25-year agreement guarantees a continuous supply of 24/7 carbon-free geothermal energy, providing a stable and cost-effective power solution crucial for Singapore's growing data center industry and overall economic developmen...

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