JRG Energy provides engineering, consulting, project management and well service for the geothermal industry worldwide. "Its global team is positioned to provide local strategic partnerships that keep overall and logistics costs to a minimum, allowing the company to apply precise geothermal solutions where and when they are needed," both companies say in a joint statement.
GeoIndustry Heat has focused on the use of geothermal energy and its applications derived from heat in industrial and agricultural cases and has extensive experience in geothermal projects of direct use, at low temperature, both in Latin America and in Europe. Now, according to John Gilliland, Managing Director of JRG Energy, both companies will combine their respective experience in high and low temperature to strengthen the services they offer and advance their international expansion.
The Joint Venture they have formed is based on three pillars. Abraham Ormad, Global Business Development at Geoindustry Heat, explains that the first is that in geothermal plants already built, "we want to help customers maximize their reinjection activities and promote heat applications, to diversify revenue streams and increase agricultural development opportunities with waste heat ."
This solution includes "quantification of unused thermal energy that can be extracted from current power plant operations, analysis of thermal characteristics and end-use options, and finally, engineering and development of the entire system."
The second pillar seeks the replicability of agricultural and industrial projects. They hope to "help customers achieve a faster return on investment compared to large-scale geothermal energy. This will encompass the drilling of shallower wells while minimizing initial expenses and risks, providing a simplified method of scaling capacity."said Ormad.
Lastly, they will work on customized, innovative and affordable geothermal solutions in Latin America and Europe to help further enhance and expand geothermal development in those regions.
"As climate change and the energy transition continue to shape the future as we know it, JRG and GeoIndustry Heat will make a joint effort to introduce geothermal as a cost-effective basic solution to exploit low-temperature ecological resources for independence. energy in the commercial sectors and agricultural operations, "says Ormad.