Geothermal energy has many positives, but some challenges include the high cost of drilling geothermal wells and the logistics of effectively extracting heat from subsurface fluids.
Denver-based Gradient Geothermal sidesteps those requirements by utilizing heat from fluids already being produced. Here’s how it works:
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Oil and gas companies extract fluids as they would for typical production operations.
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Gradient Geothermal’s HXC System fit-for-purpose organic Rankine cycle equipment can be used to cool produced fluids to meet pipeline specifications, as well as generate onsite, emissions-free electricity for use on the pad or to be net-metered to the grid.
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A recent release explained: “By harnessing the thermal energy already present at the site, this approach bolsters the project’s efficiency via converting what would otherwise be wasted heat into a valuable energy asset.”
Gradient Geothermal has been working on this technology for a while, including a pilot test in 2022 where they partnered with ElectraTherm and an operator called Grant Canyon Oil and Gas in Nevada to successfully generate clean, lower-carbon electricity.
They’re now scaling up via a partnership with North American independent operator and producer Chord Energy. Through partial funding from the Clean Sustainable Energy Authority, the two companies aim to foster geothermal energy produced at Chord’s facilities in North Dakota using Gradient tech.
What they are saying: “Properly capturing highly sustainable geothermal energy already present at active energy production projects presents a new avenue of opportunity for government agencies and leading commercial entities alike, and we could not be more excited to work with Chord to help deploy Gradient’s innovative technology within this expansive, forward-thinking initiative”—Dr. Benjamin Burke, CEO, Gradient Geothermal
Two of Gradient’s three C-suite execs are geoscientists, and it’s been exciting to watch the company grow into the front runner in geothermal integration that it’s turning into today. Just goes to show, geos’ expertise are definitely valued, needed, and actively helping new tech advance daily!