Baker Hughes: Wells2Watts Commissions Geothermal Closed-Loop Test Facility, Enters Testing Phase To Scale Renewable Electric Power - Seite 2
Next steps for the consortium this year include identifying a pilot location so that learnings from the test well can be tested in 2024. The pilot project will supply field learnings and help understand scalability through existing oil and gas infrastructure. Future testing could also include advances in the system and testing new working fluids in the well such as supercritical CO2 (sCO2).
Launched in December 2022, the Wells2Watts geothermal consortium focuses on how technology can retrofit a well at the end of its productive life for geothermal energy and renewable electricity production. Largely funded by its industry partners, which in addition to CRC includes Continental Resources, INPEX CORPORATION, and Chesapeake Energy Corporation, the consortium also receives support from technology providers through in-kind materials and labor contributions for construction, testing and piloting purposes. Those providers include Vallourec, GreenFire Energy and ICE Thermal Harvesting.
Baker Hughes has been a leader in geothermal energy development for over 40 years, bringing reliable heat and power production to over 25 different countries. Wells2Watts will initially focus on closed loop projects with the intent to look at other technologies important to scaling geothermal in regions where geothermal isn't developed today. The consortium was formed in November 2022 and is part of a collaboration between Baker Hughes' existing Oilfield Services and Equipment New Energy and Carbon Management business and the Baker Hughes Energy Innovation Center.
About Baker Hughes
Baker Hughes (NASDAQ:BKR) is an energy technology company that provides solutions to energy and industrial customers worldwide. Built on a century of experience and conducting business in over 120 countries, our innovative technologies and services are taking energy forward - making it safer, cleaner and more efficient for people and the planet. Visit us at bakerhughes.com.
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The Baker Hughes Company Registered (A) Stock at the time of publication of the news with a fall of -0,42 % to 34,76USD on Nasdaq stock exchange (11. Oktober 2023, 20:31 Uhr).