CeraPhi intends to develop ‘game changing’ geothermal energy solutions for sustainable heating and power generation, utilising its international subsurface expertise and drawing on FWM’s experience in well engineering and project management.
Karl Farrow, CeraPhi CEO, said CeraPhi’s delivery and execution process is different to conventional geothermal approach, and is geared for modular and scalable projects for power, heating and cooling of cities, the repurposing of oil and gas wells and and e-mobility, among other uses.
“Our CeraPhiWell uses a single well in a closed loop environment, reducing risk and lowering costs while increasing efficiency in the development of deep geothermal systems” Mr Farrow said. “Our technology and processes are about multiple scalable projects and commerciality. As the first fully integrated geothermal delivery company in the UK, we are excited about what's ahead. Geothermal is the only true baseload energy available anywhere and everywhere globally. 99 percent of the earth’s volume has temperatures more than 1000-degrees making the earth one giant battery with enough clean renewable energy to last billions of years.”
Nick Ford, managing director of Fraser Well Management, added that the company, with bases in Great Yarmouth, Rotterdam and Aberdeen, had been looking at geothermal projects as an increasingly active sector for about six years
“We see the demand for sustainable and reliable green energy, and deep geothermal is key to delivering this goal” Mr Ford said. “At Fraser Well Management, well construction and project management are key areas of the services we provide. Our collaboration with CeraPhi is a great opportunity to contribute our skills and experience to the energy transition, in a different market.”
Conventional Geothermal energy is not new and takes heat from beneath the ground. Geothermal energy traditionally needs water or steam “aquifers” under the earth’s surface, where, depending on its characteristics, it can be used for heating or cooling or harnessed for clean electricity.
CeraPhi Energy’s mission is to unlock heat underground to deliver sustainable, continuous and totally green 24/7 baseload energy under a “plug and play” scalable technology platform. It utilises patented technology, innovation experience and best practices from oil and gas to help fill the gap between wind, solar and other renewable energy production to complete the sustainable energy picture. Ceraphi and FWM will work together to ‘repurpose’ end-of-life oil and gas wells by drawing heat from wells using patented CeraPhi technology and FWM expertise.
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