U.S. geothermal electric power generation company Geothermal Core is partnering with Iceland-based GEG to develop a utility-scale, geothermal power plant in Texas.
The project is part of a joint venture agreement signed between the two companies to focus on developing clean baseload electricity in the state using geothermal energy.
According to Geothermal Core, the partnership brings together its expertise in subsurface engineering and operations from the oil and gas sector with GEG’s expertise in designing and building geothermal power plants.
The firms are currently identifying suitable project sites near Houston to deploy their first geothermal power plant.
“The timing of our joint venture with Geothermal Core is compelling with many of the right conditions for geothermal to succeed in Texas," said Snorri Einarsson, Chief Technical Officer of GEG Power. “Their access to rich resource data accumulated from decades of oil and gas activity is critical for project origination.”
Headquartered in Reykjavik, Iceland, GEG has built 16 power plants for national power utilities and has developed its own projects in the volcanic chain of South America, the African Rift Valley, the Pannonian Basin of Central Europe, and the Himalayan Region of India.
The company is now extending its geothermal power generation expertise into geothermal direct use with cold storage facilities for long-term storage of fruit and other foods.