Renewable

May 4 (Renewables Now) - Italian geothermal technology company Exergy International Srl has teamed up with a unit of Austrian construction group Strabag SE (VIE:STR) to jointly develop turnkey geothermal power plants utilising Organic Rankine Cycle (ORC) systems.

Exergy and Strabag Umwelttechnik GmbH have created this far-reaching partnership to offer a complete range of services for the turnkey construction of such plants. They plan to initially focus on Germany but will consider expanding the collaboration to other markets, above all to central and southeastern Europe, in the medium term.

“We see valuable opportunity to grow in the German market combining our expertise in binary technology with Strabag’s EPC (Engineering, Procurement & Construction) capabilities,” commented Marco Frassinetti, sales director of Exergy.

The Italian firm says that in the area of advanced binary geothermal power plants, it is the world's second largest ORC plant provider. Its project portfolio amounts to 450 MW of installed capacity.

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