Transitional Energy generates geothermal energy from oil and gas well
Transitional Energy have successfully produced geothermal energy from an oilfield in Nevada, paving the way for a larger project to be funded by the U.S. DOE-GTO.
Denver, Colorado-based Traditional Energy that they successfully produced geothermal energy from an oil and gas well at an oil field in Nevada. The field where the pilot project has taken place will be the site of a larger project this year that will be funded by the U.S. Department of Energy Geothermal Technologies Office (GTO) Wells of Opportunities grant worth USD 2.5 million as we have previously reported.
Energy was produced from an oil and gas well operated by Grant Canyon Oil and Gas LLC. This power was then used to supply a portion of the oil field’s operations, thereby reducing the operation’s total greenhouse emissions.
“It’s exciting to see the success of this pilot project, as it opens up a world of untapped possibility for geothermal energy development in the United States,” said Transitional Energy Co-Founder and Chief Executive Officer Salina Derichsweiler.
Transitional Energy raised 100% of the capital used for this initial pilot project. This makes it the first privately funded project to successfully produce geothermal energy at an oil site.
“Just as the world is on a journey to a cleaner energy future, so are we. Transitional Energy’s initial goal with this pilot was to prove we could produce geothermal energy at an oil and gas site, and we’ve accomplished that. Next up is to optimize our operations for even greater results and scale them to provide an immediate solution that helps bridge the gap between fossil fuels and intermittent renewable energy.” Derichsweiler added.
Transitional Energy is also working with ElectraTherm, an Atlanta-based company specializing in low-temperature waste heat recovery solutions. ElectraTherm Managing Director Matt Lish commented : “We are thrilled with the results of this pilot project and happy to see the success of our geothermal equipment.”
With their approach, Transitional Energy aims to develop geothermal energy in lower-temperature zones instead of the hot spots in Western U.S. that have been exploited for traditional geothermal development. A crucial part of this approach is the low capital requirement afforded by the use of abandoned oil and gas wells. This makes deployment more cost-effective while helping oil and gas operators reduce their carbon footprint.
Transitional Energy is located in Denver, Colorado, majority women-owned and Native-lead. With deep expertise in subsurface engineering, facilities engineering, and geology, Transitional Energy is passionate about a clean energy future and utilizing existing wells and infrastructure to generate geothermal energy.
Source: Business Wire