EarthGrid Announces Groundbreaking Joint Venture with EnerTech, a KIA Entity, to Deploy $18B in U.S. Underground Utility Projects

EarthGrid, a Bay-area plasma tunnel-boring technology and infrastructure development company, announced today that it has signed a joint venture agreement with EnerTech, a Kuwait Investment Authority (KIA) entity, to deploy infrastructure projects in four phases across the United States, Europe and the Middle East. The first two phases consist of, in estimate, $18 billion in U.S. infrastructure improvement projects. Utilizing EarthGrid’s patented plasma-powered machines, this joint venture will develop a network of underground tunnels designed to upgrade the current power grid and fiber networks with reliability, efficiency, and resiliency while accelerating the clean power transition. Read more >>