Magma Energy Corp (MXY.TO) is looking for investments outside the geothermal energy sector, the company's chief executive said on Tuesday, lamenting the industry's limited scope for growth. Ross Beaty, CEO of Magma, one of the world's biggest developers of geothermal energy resources, also said he is disappointed with the lack of "real return" to investors in the sector over the past few years. "We have also been looking for accretive growth opportunities and have reviewed a number of these, including some opportunities beyond the geothermal industry that we think could marry well with our geothermal focus," Beaty said.
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