Huffington Post publishes article on Canada’s 1st Geothermal Village

“A forestry town is working to re-invent itself as a renewable energy leader with a project that promises community revitalization from the ground up.” That’s how Huffington Post’s article about the beautiful mountain village of Valemount began. Published on August 31st, 2016, the article details the plans that the village has for creating a “holistic energy development program”. In conjunction with Borealis’s power project planned for the area, the community is now moving forward with the intention of using the heat for so much more than just power. Greenhouses, fish farming and beer brewing are but a few of the operations that have already signed up to use the heat from the Earth below the village’s feet.

Click here to read the full article.

Three Ranges Brewing Company Reveals Latest Label Art

“Acheron’s Breath” is a part of Three Ranges Brewing Company’s fantastic beer collection. The inspiration behind the label artwork was the amazing potential the Robson Valley has for geothermal energy! Three Ranges Brewing Company is a prospective heat and power customer of our “Sustainaville GeoPark.” If you are interested in participating in the Sustainaville project, feel free to contact us for more information.

Click here to check it out on their Instagram.

Upcoming vALEmount Craft Beer Event: June 17th, 2017

The town of Valemount is hosting their own “vALEmount Craft Beer Experience” on Saturday June 17th, 2017 from 5:00pm – 10:00pm at the Valemount Airport at Valemount, Airport Road, Valemount, BC.

“Valemount and the Canoe and Robson Valleys are all about giving back to their community and helping those around them as Canadians. It’s a great spot in the middle of everywhere and nowhere with magnificent views, delicious craft beverages, and amazing music for a two-day weekend opportunity like no other!”

Click here to read more about the event.

Renewable Energy World Publishes Article on Geothermal Breakthrough

“Geothermal Makes Breakthrough in Canada’s Federal Budget — Now What?” is an article written by James Wilt, an author for Renewable Energy World. The article discusses some of the major hurdles in the Canadian Geothermal industry, but with the release of the federal budget in late March, along with other news, there is a new hope and a positive outlook for the geothermal sector moving forward in the future!

Click here to read the full article.

Borealis Hiring for Graphics Design Position

Borealis GeoPower is looking to hire a Controller for an internship position in the Canadian geothermal energy industry. See the job posting details below or here.

Title: Graphics Design Support

Location: Borealis Geopower Inc. – Calgary, AB

Borealis GeoPower Inc., focused on developing high temperature geothermal projects throughout western Canada, is seeking an experienced Calgary based team-mate with a strong understanding of the entrepreneurial – small business work environment. Geothermal energy is part of the fast growing cleantech/renewable energy sector and this role will provide an opportunity to work with a leading company in this sector.

Description of Duties: Graphics Design Support

  • Coordinate and Control Website Content
    • Troubleshooting errors and design flaws
    • Content creation and editing
    • Back end design
    • Experience with WordPress and/or Weebly is considered an asset
  • Marketing materials design and editing
    • Design and editing of Adobe InDesign files for reports, statements and general marketing
    • Design and editing of PowerPoint files
  • Social media campaign design and content updates
    • Provide support to keep all social media accounts up to date and relevant § Facebook § Twitter § LinkedIn § YouTube § Instagram

The hours may be part-time or full time, up to 30 hours a week in our peak times.

Term 3.5 months.

Starts: Immediately

Ends: May 31, 2017

To be ELIGIBLE for this opportunity, the candidate must meet the following requirements:

• A post-secondary graduate

• Between 15 and 30 years of age (inclusive)

• A Canadian citizen, permanent resident of Canada, or granted refugee status in Canada

• Legally entitled to work according to the relevant provincial legislation and regulations

Candidates are asked to send their LinkedIn profiles and a cover letter to info@borealisgeopower.com. A resume is not required.

 

Borealis Hiring Controller for Internship Position

Borealis GeoPower is looking to hire a Controller for an internship position in the Canadian geothermal energy industry. See the job posting details below or here.

Title: Controller
Location: Borealis Geopower Inc. – Calgary, AB

Borealis Geopower Inc., focused on developing high temperature geothermal projects throughout western Canada, is seeking an experienced, Calgary based professional accountant with a strong understanding of the Canadian energy (conventional or renewable) or mining industry. Geothermal energy project financing and accounting/reporting follow similar practices to other sub-surface and renewable natural resources. Because of this, the role is ideal for a candidate with accounting experience in the oil and gas or mining sector who is looking to transition to the clean-tech sector.

Job Description:

Responsibilities

• Preparing internal financial statements.

• Provide tax support and planning on the structure and use of tax credits in order to create the most efficient tax structure for the company.

• Assist in the creation of business plans and financial projections through tax planning and structuring.

• Assist with equity & debt financing.

• Maintain capital asset continuity schedule and calculate annual depreciation expense.

• Full cycle accounts payable including validating supplier invoices, getting appropriate approvals for invoices, posting accounts payable invoices, supplier payments and ongoing maintenance of accounts payable files.

• Tax filings.

• Booking reserves/resources.

• Meet all internal and external reporting deadlines.

• Ensures accounting transactions such as deposits, vendor payments and employee expenses are recorded accurately and timely.

• Payroll

The desired individual will possess the following skills and abilities:

• Designated CPA

• Experience in Canadian tax required

• Minimum of 3 years accounting experience in the energy sector.

• Preference given to candidates with understanding of and experience in CRCE reporting.

• Preference given to individuals who have an understanding of, and experience in working with tax codes 43.1 & 43.2.

• Very strong attention to detail

• Experience working in an entrepreneurial team environment

What Borealis GeoPower Inc. Offers:

– The chance to become an expert on the accounting practices in one of the youngest and fastest growing industries in Canada – renewable energy.

The hours may be part-time or full time, up to 30 hours a week in our peak times.

Term 3.5 months.

Starts: Immediately

Ends: May 31, 2017

To be ELIGIBLE for this opportunity, the candidate must meet the following requirements:

• A post-secondary graduate

• Between 15 and 30 years of age (inclusive)

• A Canadian citizen, permanent resident of Canada, or granted refugee status in Canada

• Legally entitled to work according to the relevant provincial legislation and regulations

Candidates are asked to send their LinkedIn profiles and a cover letter to info@borealisgeopower.com. A resume is not required.

High Temperature Geothermal Energy Investment Opportunity

At 9:30am, December 15, 2016  Canoe Reach Energy (wholly owned subsidiary of Borealis GeoPower) issued a press release describing an investment opportunity for the Canoe Reach geothermal project. The content of the release can be viewed here, with the text contained below.

High Temperature Geothermal Energy Investment Opportunity

VALEMOUNT, BCDec. 15, 2016 /CNW/ – Canoe Reach Energy Inc. (“CRE”), a privately held B.C. based company focused on developing geothermal projects throughout B.C.’s Valemount (Robson Valley) Region, is launching a $1.8 million capital raise to develop, market and operate a GeoHeat Park.

Geothermal heat and electricity production is an industry that has been used throughout the world for more than a century, and yet has not been developed in Canada despite its high-quality resources. With rising carbon taxes affecting the price of food, electricity, heating and more, the development of geothermal resources can offer an alternative energy that is locally produced and is renewable.

Director Alison Thompson states, “We are raising capital for drilling and initial development of the reservoir. Accredited investors can participate in an alternate energy investment that is PIMBY (Please In My Backyard). This is possibly the first energy project, and almost certainly the only current energy project in the province that does not have any public discontent associated with it.”

Borealis GeoPower Inc., a privately held corporation based in Calgary, AB and established in 2007 has undertaken geothermal energy exploration activities in the Robson Valley spanning back to 2010.  In 2016 it formed its subsidiary, CRE, to commercialize renewable heat projects, begin operations and start earning revenue from long-term renewable heat contracts.

CRE is qualified as an Eligible Business Corporation (“EBC”) under the BC Small Business Venture Capital Act (“SBVCA”) providing individual tax payers or corporations the opportunity to receive a 30% tax credit on their 2016 tax return for investments up to $200,000, resulting in a net investment cost of $140,000.

This investment opportunity is open to accredited investors only.

This communication is intended for information purposes only and does not constitute and should not be construed in any way as an offer to sell or as a solicitation of an offer to purchase any of the securities of CRE (the “Corporation”). The Corporation cautions that private company investing is considered to be highly speculative and, as such, is suitable only for investors who are prepared to risk the loss of their entire investment. Interested investors should review all subscription documents carefully and consult with licenced legal professionals and advisors for any investment advice.

SOURCE Canoe Reach Energy 

For further information: For more information on the opportunity and EBC program, please go to http://borealisgeopower.com/invest/. To access our private dealroom go to: http://ilnk.me/CanoeReach

How can geothermal training help drilling contractors?

According to Jay Egg of EggGeothermal, geothermal is about to come to the forefront of heating solutions in a big way (as far as geoexchange heating and cooling is concerned). He cites Ontario’s mandated climate plan that will be phasing out natural gas and combustion heating (for new builds by 2030 and for all buildings by 2050), as well as similar government plans in New York and private company initiatives by the likes of Ford Motor Company.

According to Jay, it’s a good time to be a driller. We couldn’t agree more.

Click here to read the full article.

EcoReport article covers Canoe Reach Project investment call

Roy Hales, a journalist  from the environmental news website EcoReport, has recently published an article about the Canoe Reach geothermal project and the recent call for investment that has been initiated on SeedUps Canada. SeedUps Canada is a next generation technology platform that helps innovative companies prepare, present and execute investment from an engaged audience of investors.

The article, appropriately titled “BC’s First Geothermal Power Project Could Be Weeks From Drilling” details the history and the future of the project.

 

To view the Canoe Reach data room on SeedUps, click the button below. NOTE: you must register to view the full profile.

VISIT SEEDUPS PAGE NOW

Borealis Hiring Lawyer for Internship Position

Borealis GeoPower is looking to hire a Lawyer for an internship position in the Canadian geothermal energy industry. See the job posting details below.

Please click here if interested in applying for the position.

Title:Renewable Energy Corporate Lawyer Intern
Location: Borealis Geopower Inc. – Calgary, AB

Borealis GeoPower Inc., focused on developing high temperature geothermal projects throughout western Canada, is seeking an experienced, Calgary based lawyer with a strong understanding of the Canadian energy (conventional or renewable) or mining industry. Geothermal energy project financing, resource sector accounting and legal counsel follow similar practices to other sub-surface and renewable natural resources. Because of this, the role is ideal for a candidate with legal experience in the oil and gas or mining sector who is looking to transition to the clean-tech sector.

Job Description:
Execute non-disclosure agreements, customer contracts, management and staff agreements
Review and negotiate contracts
Assist with creating business plans through tax planning and structuring
Assist with closing and settlement of flow-through share and other equity & debt financing
Meet all internal and external reporting requirements
This role will work closely with the company’s controller and executive team
The desired individual will possess the following abilities and skills:

Legal designation:
Experience in Canadian energy or mining sector
Experience with power purchase agreements or with utilities is considered an asset
Very strong attention to detail

To be ELIGIBLE for this opportunity, the candidate must meet the following requirements:

  • A post-secondary graduate
  • Between 15 and 30 years of age (inclusive)
  • A Canadian citizen, permanent resident of Canada, or granted refugee status in Canada
  • Legally entitled to work according to the relevant provincial legislation and regulations
  • A first-time participant in the Canadian Federal Government Youth Employment Strategy (YES) program

What Borealis GeoPower Inc. Offers:

The opportunity to become an expert on the legal practices in one of the youngest and fastest growing industries in Canada – renewable energy.

This is a full-time position located in Calgary, Alberta that is a minimum of 30 hours a week. The role begins on December 1, 2016. The work term end date is March 31, 2017. The salary is commensurate with the level of an intern .

Only applicants that meet the eligibility requirements and are willing to accept an intern’s salary will be considered for this role. If interested in this position or if you have further questions regarding the position, we look forward to hearing from you.

Required education: Bachelor’s

 

Please click here if interested in applying for the position.