Exergy to participate in 32 MW geothermal project in Idaho, U.S.

EXERGY will participate at the upcoming  GRC ANNUAL MEETING & GEA GEOTHERMAL ENERGY EXPO from 20-23 September 2015 taking place in RENO USA.  EXERGY’s booth is N 203.  On this occasion EXERGY has announced today, that it has entered a partnership in the Walker Ranch geothermal project in the state of Idaho, U.S. Exergy will partner on the development, construction and exploitation of a 32 MWe geothermal power plant.

Exergy will participate with a minority share in the investment capital of Walker Ranch Energy geothermal project in Malta, Idaho (USA). This new partnership opens up new perspectives in the North American market, one of the most important for EXERGY.

The Walker Ranch Energy project consists in the development, construction and operation of a geothermal binary plant exploiting a medium enthalpy geothermal source (140 C°, 285 °F) for an installed capacity of 32 MWe. Agua Caliente LLC, a company majority owned by AMG National Trust Bank, is the main project sponsor. The construction phase is expected to begin in 2016 and the plant will be operational in Q2, 2017. EXERGY’s participation in Walker Ranch project includes also the supply of two binary cycle units based on Radial Outflow Turbines for the plant, 16 MWe power each.

EXERGY’s head of business development Luca Xodo commented on this partnership: “We are very satisfied about this new goal achieved. We have valued Walker Ranch Energy as a promising project backed by solid investors. Moreover North America is one of the most interesting markets for us to develop new projects and apply the benefits of our Radial Outflow Turbine. We could not miss this opportunity to enter this market adding a new reference to our existing 300 MW portfolio and look forward to future possibilities to expand in this region, enhanced by the recent Presidentially endorsed Clean Energy initiative”

Source: Company release by email