GTR is pleased to attend the TechEU Equity Summit, starting on 22 September
Building on the work done in conjunction with European Investment Bank Advisory, GTR is advancing deep geothermal projects in Europe deploying Electrical Reservoir Stimulation (ERS) technology to generate electricity.
Drilling by GTR in the “Ruperti II” geothermal field has shown that the Upper Jurassic Malm reservoir is not capable of providing sufficient hydrothermal flow to generate commercially viable electricity.
The drilling did show that sufficient temperatures in excess of 150 degrees Centigrade were measured in the Malm reservoir, to generate electricity via binary Organic Rankine Turbines.
Since the GTR drilling was completed in 2022, developments in increasing the productivity of geothermal reservoirs using environmentally friendly technologies now provide the potential for the “Ruperti II” permit to generate substantial amounts of green electricity.
Whilst traditional techniques for increasing fluid flow in subsurface reservoirs involve either using acids or high pressure fluid injection to open fractures and increase permeability, GTR is evaluating the more environmentally friendly technologies that can be deployed to create reservoirs that will allow sufficient flow of geothermal fluids to generate green electricity.
To develop a petrothermal techno-economic business plan and submit an application to the European Innovation Fund, GTR was provided with Project Development Assistance by the European Investment Bank.
For further information, please contact
Anthony Hawkins