Ormat and SLB partner to provide integrated geothermal project solutions
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Ormat Technologies, Inc., an alternative geothermal energy technologies company, has partnered with Schlumberger Limited (SLB), a global player in decarbonizing industry and innovating in energy systems, to enhance integrated geothermal project solutions.
The collaboration aims to enhance the “technical economics” of geothermal projects and ensure their sustained performance and reliability by providing developers with a full spectrum of solutions.
SLB’s extensive expertise in reservoir characterization, well-completion, and advanced production technologies are at the core of this partnership.
Ormat complements this with its deep knowledge of geothermal fields, robust project development capabilities, and excellence in power plant design, manufacturing, operations, engineering, procurement, and construction (EPC) processes.
The collaboration entails an equal focus on traditional and enhanced geothermal systems (EGS). As per the announcement, SLB will acquire a license for Ormat’s ESG patent as part of the collaboration.
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Paul Thomsen, Vice President of Business Development at Ormat Technologies, said, “As the largest owner and operator of geothermal fields and powerplants in the U.S., this strategic collaboration with SLB aims to expand the opportunities for geothermal development utilizing both traditional and EGS technologies,”
He added, “Ormat’s world-class geothermal development expertise perfectly complements SLB’s significant reservoir knowledge and well-completion technologies. Together, we can deliver more projects, offering exceptional value to our developers and contributing to a cleaner energy future.”
Also read: Geothermal heat pumps can help advance US clean energy goals: Study
This collaboration, which is in its early stages of discussion, unites two prominent global organizations in geothermal energy solutions.
With over a century of experience in subsurface operations, SLB has contributed to 80% of the world’s geothermal power projects.
Ormat, the largest manufacturer of geothermal binary equipment, is also the second-largest global owner and operator of geothermal fields and power plants under management.
This collaboration, still in its early stages, brings together two globally recognized organizations with significant expertise in geothermal energy solutions.
SLB, with over a century of experience in subsurface operations, has contributed to 80% of the world’s geothermal power projects.
Ormat, as the largest manufacturer of geothermal binary equipment and the second-largest global owner and operator of geothermal fields and power plants, brings substantial operational capabilities to the partnership.
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