Geothermal energy
The agreement aims to accelerate new commercial technologies that address challenges with geothermal development.
GEODE is a consortium led by Project InnerSpace and the Society of Petroleum Engineers and funded by the US Department of Energy’s Geothermal Technologies Office.
Geothermal energy in the US has historically been concentrated in the West due to favorable geology, but emerging technologies have expanded the possibilities.
-
The two companies will work to retrofit nonproducing wells for geothermal production and scale GreenFire Energy’s closed-loop advanced geothermal systems. -
The government is offering up to $20 million to test applications that will shorten the time it takes to drill geothermal wells.
-
Grants have been offered to four separate pilot-style projects in order to test the geothermal potential of old oil and gas wells.
-
The technical section will focus on the transfer of technology and practices from the oil and gas industry to geothermal energy development and promote industry best practices.
-
Flow rate is a major challenge for geothermal. However, the techniques used in shale to prevent flow localization can be applied directly to geothermal. If we can create hundreds or thousands of flowing fracture pathways around a horizontal or deviated geothermal well, then we will have truly “changed the game.”
-
While CCS and CCUS become more ensconced in oil and gas energy-transition strategy, one major project has fallen short of targets. Infrared sensor technology could fill a crucial gap in halting methane leaks. And a geothermal startup gets a big vote of confidence from industry and celebrities.
-
Founded in 2017, Fervo Energy is aiming to leverage multistage hydraulic fracturing technology to create more-efficient geothermal wells that will power the Internet company's data infrastructure by 2022.
-
A variety of SPE resources and others are available to bring you up to speed on geothermal energy. Bob Pearson, SPE Technical Director of Projects, Facilities, and Construction, highlights several to get you started.
-
Calgary-based Eavor Technologies has raised $40 million to build out geothermal systems that use horizontal-drilling technology and may someday give abandoned oil and gas fields a second act.
-
Utah FORGE has completed the first highly deviated, deep geothermal well to target depth and at planned trajectory, 60 days ahead of schedule.
