West Perth-based energy company Wasabi Energy Ltd has taken a 12.5 per cent stake in geothermal energy company Greenearth Energy Ltd for $250,000 ahead of its initial public offer, the company has announced.

West Perth-based energy company Wasabi Energy Ltd has taken a 12.5 per cent stake in geothermal energy company Greenearth Energy Ltd for $250,000 ahead of its initial public offer, the company has announced.