Criterion EP forms advisory group for commercialization of geothermal projects
Criterion Energy Partners has formed an Industry Advisory Group consisting of drilling and subsurface specialists to enhance the commercialization of geothermal projects.
Criterion Energy Partners (Criterion EP) has announced the formation of an Industry Advisory Group (IAG) that aims to effectively commercialize geothermal energy projects by driving down project costs and shortening project execution timelines. The initial group represents a consortium of specialists in drilling and completions and subsurface experts who will aid in Criterion Energy Partners’ demonstration project in Texas.
The current membership list includes the following companies:
- B&L Pipeco
- ClearWell Dynamics
- FerVID Group
- JRG Energy
- NCS Multistage
- National Oilwell Varco
- New Tech Global
- Parker Wellbore
- QuantumPro Inc.
- STEP Energy Services
- The University of Oklahoma Mewbourne School of Petroleum and Geological Engineering
- Viking Engineering
The group will meet regularly to aid in the company’s mission to take geothermal energy projects everywhere. Criterion EP also plans to expand this group to include other experts in the geothermal energy development work stream, including specialists in Engineering, Procurement, and Construction (EPC) and turbomachinery. This group of industry experts joins other strategic alliances, including recent investments from Chesapeake Energy Corporation and Patterson-UTI.
Criterion Energy Partners’ IAG, its strategic investors, and the recently announced 10,000-acre lease acquisition, which is located in proximity to the Department of Energy’s Pleasant Bayou project, are key steps in commercializing geothermal in the Texas Gulf Coast and beyond. The company’s project pipeline combined with its strategic industry relationships solidify the prospect of generating utility-scale geothermal energy through the deployment of its proprietary Criterion Geothermal SystemTM and Industrial DirectConnectTM technologies.
The Criterion Geothermal SystemTM is designed to be co-located with consumers of direct heat and power, enabling hard-to-abate sectors to reduce emissions and improve operating efficiency using heat from the Earth. The company’s mission is to create a more sustainable future by making geothermal energy projects commercially viable everywhere.
Source: Criterion Energy Partners