Our team researches and develops new innovative and transformative, clean energy technologies which will adapt proven geothermal technology to abandoned and retired oil and gas wells, as well as identify possibilities for geothermal energy fields. We also offer sustainable solutions for green energy production from municipal solid waste (MSW) and organic waste.
Our team has partnered with an experienced geothermal company located in which has successfully developed, constructed, and operated a number of geothermal facilities in the United States.
The project objective is to produce clean renewable energy and to contribute to the Government of Canada 2030 target to reduce GHG. In addition the objective is to develop a geothermal industry in Canada. Canada has no commercial geothermal facilities, therefore there is an excellent opportunity to develop a complete industry.
It is our goal to develop a cost effective modular system to utilize abandoned and retired oil and gas wells, which are hazardous to the environment, and to convert those hydrocarbon fields into geothermal field for the production of clean energy. A lot of the exploration risk to develop a geothermal power facilities is already reduced because the oil and gas wells are already explored and the well data is available to determine which field will have the best energy output for geothermal energy production.
According to our preliminary research there are approximately 150,000 abandoned and soon to be retired wells in Western Canada. In the long term, if 50% all of these wells were converted into geothermal energy, coal fired power plants in Alberta which produce currently 41,500MW could be replaced by geothermal energy production.
With major geothermal industry player in our team, it is our goal to develop the technology for this type of application and northern climate and built the first facility before 2020.