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Sign upGeothermal heat and power plant
Cheap heat & power for municipalities generated from a local source
- About Company
Geothermal heat and power plant
Cheap heat & power for municipalities generated from a local source
Label Date
June 29, 2020
From
Switzerland
Maturity stage
TRL 7 - Prototype testing in the real world
It is a new variant of geothermal energy with technology that fully utilizes the energy potential of hot brines. In contrast to conventional geothermal power plants, its advanced system uses two sources for its energy production: hot water as well as the combustible gases dissolved in it. The gases are separated from the water and burned in a gas engine. The CO2 from combustion, as well as any brought up with the hot water, is captured and safely re-injected into the aquifer. The result: remarkably cost-effective renewable and zero-carbon energy.
The Environmental Benefits
- •A life cycle CO2 footprint (over 30 years) of 5 grams of CO2/kWh, which is very competitive even compared to the state of the art solar and wind technologies.
The Financial Benefits
- •CLEAG’s standardised projects aim at a 15% return rate
Target client profile
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Applications
Benefits
Activity Region
- Headquarters
- Activity
Company Profile
Clozed Loop Energy AG
CLEAG repurposes old O&G fields into clean energy sources, offering sustainable, low-cost electricity & thermal heat.
Headquarters
6004 Lucerne, Switzerland
Type
Company
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The information set out above, is solely for the purposes of information and the Solar Impulse Foundation does not provide any guarantee as to its authenticity, completeness or accuracy. This information does not constitute investment advice or a recommendation to buy into, transact or to enter into any agreement with any of the parties or persons mentioned above. Potential investors or interested parties are solely responsible for their investment or business decisions and for performing any due diligence required by the circumstances. The innovator Clozed Loop Energy AG has asserted ownership of the intellectual property rights for images, videos, and content showcased above, affirming full and unrestricted usage rights, and has provided explicit permission for the Solar Impulse Foundation to publish such information designated as "public" in the application form.