Department of Energy funds geothermal well project for GeoAlaska
What happened
The Department of Energy provided funding for GeoAlaska's geothermal well project on the southern flank of Mt. Augustine in Alaska. This project involves drilling the Kamishak #1 geothermal well to characterize subsurface resources using both shallower and deeper wells. The effort is designed to derisk a 224 MWh geothermal prospect.
From petroleumnews.com
Why it matters
The funding supports the Department of Energy's broader effort to test enhanced geothermal systems (EGS) technologies. These efforts aim to reduce technical risks and provide necessary data to support future commercial projects and investment in geothermal energy.
From petroleumnews.com
Who's involved
- Department of EnergyProvided funding through its Office of Geothermal for the project.
- Paul CraigCEO of GeoAlaska, the company running the geothermal well project.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- Paul CraigSpeculative
Paul Craig could see improved funding and reduced risk for GeoAlaska's geothermal prospect.