IGas has agreed with CeraPhi Energy to jointly develop geothermal energy projects utilizing specific wells in IGas’s asset portfolio.
IGas has agreed with CeraPhi Energy to jointly develop geothermal energy projects utilizing specific wells in IGas’s asset portfolio.
The first project will be in the Lincoln area of the UK East Midlands on one of IGas’s existing sites. The development will capitalise on IGas’s local knowledge, surface infrastructure and existing wells and CeraPhi’s patented technology, CeraPhiWell, a closed loop downhole heat exchanger.
This project will aim to demonstrate the commercial potential for geothermal energy production from repurposing existing oil and gas assets for direct heat for agriculture, residential heating and cooling, and the development of hybrid energy systems generating both heat and power.
Stephen Bowler, IGas CEO, said: ‘The signing of the agreement with CeraPhi is another important step in IGas’s drive to diversify its operations, adding to the ongoing work on hydrogen production and carbon storage and bolstering our established geothermal offering.’
As local authorities and other large-scale users of heat transition away from fossil fuels we are receiving an increasing number of enquiries looking to geothermal as a solution and through this growing pipeline of development opportunities, IGas is well-positioned to deliver a solution to the long-term decarbonization for heat in the UK.’
Karl Farrow, CeraPhi Energy, CEO said: ‘The repurposing of oil and gas wells to access subsurface thermal heat to produce baseload clean energy has to become a primary step to developing a wider appreciation of what geothermal can provide us.’
