Enormous opportunities exist in parts of Alberta to develop and exploit geothermal waters for energy production using established technologies. Professionals at Renewable Geo Resources Ltd. have spent the past years analyzing multiple corporate “ESG” strategies in conjunction with the plethora of federal and provincial government policies. Our goal was to analyze which of those federally and provincially financially supported green energy projects offer the most opportunity for Albertans, Canadians, investors, and companies in need of carbon offsets. Renewable has identified scalable, sustainable geothermal resources that can be developed and marketed today for electrical generation and other thermal uses.
The technology and science are here today, and provincial geothermal legislation is being accelerated such that the investment community can properly model its business investments and detailed technical modeling.
Alberta is a prime site for greener energy-based projects to co-exist, diversify and supplement Alberta's existing oil and gas economy. Our goal is to develop, implement, and harness Geothermal energy to generate electricity here in Alberta. Secondly, harvesting strategic elements from brines, carbon dioxide sequestration/enhanced oil recovery schemes, hydrogen generation and LNG projects.
RGR's project is similar to geothermal projects being developed in the Western Plains. In our Alberta project area however, the brines are higher temperature so smaller fluid volumes are required per unit of energy produced and the reservoir has higher permeability resulting in overall more favourable economics.
Our detailed experience and knowledge of the geology, drilling, operational practices, and regulatory framework in Alberta and the oil and gas industry is key to develop a supplementary energy source.
Renewable Geo Resources LTD.
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