Exclusive: Stellantis-Backed Geothermal Startup Prepares to SPAC

Exclusive: Stellantis-Backed Geothermal Startup Prepares to SPAC

California’s inland Salton Sea is a potential clean energy double dip, with vast and largely untapped geothermal hotspots for generating heat and electricity and rich deposits of lithium, manganese, and other critical minerals needed to fuel the battery revolution. Now one of the companies looking to commercialize both resources is taking a big step toward debuting on the stock market. On Thursday, Controlled Thermal Resources is set to announce…