- Press Releases
May 10 (Renewables Now) - FutEra Power Corp last week said it is launching field construction activities for the first stage of its 21-MW co-produced geothermal and natural gas hybrid power project in Swan Hills, Alberta.
The CAD-20-million (EUR 16.5m/EUR 13.5m) first stage will generate up to 3 MW of geothermal electricity. It is supported by grants from the Alberta provincial and federal governments. The second phase will add a natural gas turbine and optimise the geothermal power efficiency at an estimated cost of CAD 10 million.
The project's developer is a subsidiary of Alberta-based junior oil and gas company Razor Energy Corp (TSE:RZE).
According to the announcement, this is the first co-produced geothermal power project in Alberta and the whole of Canada. It is making use of existing assets such as processing infrastructure, producing wells, produced water reinjection system and an operating gathering and distribution system, the company explains.
"This first-of-its-kind project can help accelerate geothermal co-production and hybrid projects at other high-potential oil and gas sites across the province," said Steve MacDonald, chief executive of Emissions Reduction Alberta (ERA), one of the bodies that have provided grants.
(CAD 1.0 = USD 0.824/EUR 0.677)