In January 2025, Pioneer invested in Yeager Energy, a Dutch geothermal platform that develops, builds and operates geothermal energy projects.
Founded in 2019 by a highly experienced executive team that spent over 34 years’ collectively at Shell, Yeager aims to provide reliable, cost-competitive, and sustainable heat for the horticulture and residential sectors. Pioneer structured a transaction to invest in the platform, taking a controlling shareholding position, and concurrently acquire two further geothermal companies with operational assets which will be merged into the Yeager platform to provide immediate scale. Yeager also benefits from a large pipeline at various stages of development.
Pioneer’s investment will support the acquisition and development of new projects to establish the leading geothermal platform in the Netherlands.
