Premier Corex and Teverra have announced the formation of a strategic alliance to provide rock and fluids testing combined with engineering and geoscience consulting for the geothermal energy industry.
As the market continues to expand to include geothermal energy, there needs to be more specific data to support these new developments. A better understanding of the reservoirs to maximize their potential and the inherent risks within these projects is paramount. Through the combination of Premier Corex’s rock and fluids laboratories and its data library and Teverra’s technology portfolio and expertise, asset developments can take a holistic approach that uses what used to be disparate data sources to create actionable intelligence.
“Companies engaged in geothermal resource development seek a deeper understanding of the subsurface and the viability of large-scale geothermal projects, as we strive to meet the world’s current and future energy demands,” said Randal Wichuk, president and CEO of Premier Corex. “Through this strategic alliance, we not only empower these companies to evaluate project feasibility by illuminating the subsurface but also enable our clients to optimize energy potential from these resources in a cost-effective manner.”
Under the alliance, rock and fluid data company Premier Corex will use its laboratories to generate data for clean-energy technology company Teverra. This collaboration is expected to enable comprehensive thermohydromechanical modeling and design for companies involved in the development of large-scale geothermal projects.
“This partnership is focused on providing more robust and impactful solutions for geothermal operators with the integration of high-quality data and value-added data-driven solutions,” said Hamed Soroush, founder and CEO of Teverra. “This is required for efficient and reliable development of geothermal resources and will be vital as we scale this baseload energy source.”