AS energy intensive industries look to electrify, geothermal is emerging as a pathway for supplying constant, reliable, clean energy.
Now an unusual partnership between next-generation geothermal and the oil and gas industry will help unlock the potential of the world's most abundant green energy more quickly.
Geothermal Energy from Oil and Gas Demonstrated Engineering (GEODE), a new initiative backed by the US Department of Energy (DOE), aims to leverage the technology, knowhow and infrastructure of the oil and gas industry to help scale the nextgen geothermal industry.
Spearheaded by Project InnerSpace and Society of Petroleum Engineers International, GEODE brings together more than 100 entities across both sectors to accelerate geothermal growth.
Launched with an initial $10 million in funding and the prospect of up to $155 million in competitive solicitations over the coming years, GEODE is set to catalyse geothermal growth, with far-reaching implications for the global energy mix.
The GEODE kickoff meeting in Houston in September highlighted the potential of this partnership.
HARNESSING OIL & GAS EXPERTISE
"The oil and gas sector has spent decades mastering the art of drilling, reservoir engineering, and managing large-scale energy projects," Karine Kleinhaus, Director of Stakeholder Engagement at Project Innerspace, tells OGN energy magazine.
These are skills and technologies that geothermal can leverage to scale. However, adapting this know-how to the geothermal landscape requires an intricate blend of innovation, collaboration, and coordination between two industries that have historically worked in isolation.
One of the most compelling aspects of GEODE is the emphasis on the open exchange of ideas and technology between sectors.
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