Investing in geothermal clean tech opportunities - Exploring the viability of capturing geothermal heat from re-purposed oil and gas wells

By District Energy posted 02-06-2018 00:00

  

Press Release, Newswire

HINTON, AB, Feb. 6, 2018 /CNW/ - Supporting technologies that advance environmental objectives, create jobs and stimulate growth in the clean technology sector is a priority for the Government of Canada. 

Today, the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for Western Economic Diversification Canada (WD), announced $400,000 for an engineering and design initiative to determine the viability of a Geothermal District Energy System in the Town of Hinton. The Government of Alberta and Alberta Innovates will provide a total of $800,000, bringing the investment amount for the Town of Hinton's project to $1.2 million. The proposed system would produce renewable geothermal heat from marginally producing oil and gas wells to heat the town's public buildings.

Canada's Innovation Agenda promotes clean growth, good jobs and higher living standards for the middle class. The investment announced today is an example of this vision in action.

Quick Facts

  • This initiative could be the first project in Alberta and Canada that uses one or more oil and gas wells to heat buildings.
  • Engagement of six firms and the creation of 21 jobs will help to test prospective oil and gas wells.
  • Geothermal heat produced through this project could replace approximately 60,000 to 150,000 gigajoules per year of natural gas usage.

Quotes

"When it comes to clean technology, Canada has the opportunity to be a true global leader – creating good jobs for Canadians while helping to meet our climate change goals. I applaud the Town of Hinton for exploring the use of ground-breaking clean technologies to capture and re-purpose geothermal energy for heating."

- The Honourable Navdeep Bains, Minister of Innovation Science and Economic Development and Minister responsible for Western Economic Diversification Canada

"Through the Climate Leadership Plan, we are helping the Town of Hinton explore what could be the most transformative geothermal energy project in Canadian history. This technology, which leverages renewable heat produced from existing oil and gas wells, has enormous potential to pave the way for other geothermal projects in Alberta, creating future opportunities to diversify our economy and make life better for all Albertans."

Shannon PhillipsAlberta's Minister of Environment and Parks and Minister Responsible for the Climate Change Office

"Alberta Innovates develops and invests in strategic programs to achieve Alberta's goals for energy, the environment and economic prosperity. This project accelerates geothermal development in the province and our interests in developing and adapting innovative clean energy technologies that maximize the value of the province's natural and renewable resources."

- Dr. John Zhou, Vice President Clean Energy, Alberta Innovates

"Hinton has a long history of oil and gas exploration, with a determination in finding hidden potential. This cross-governmental partnership represents an opportunity to explore the future, together, for not just our community, but Alberta and perhaps our nation. Hintonites want to build their future, not wait for it."

- Mayor Marcel MichaelsTown of Hinton, Alberta

Additional Links

SOURCE Western Economic Diversification Canada

Media Contacts

Donna Kinley, Manager, Consultation, Marketing and Communications, Western Economic Diversification Canada, 780-902-2984, donna.kinley@canada.ca
Matt Dykstra, Press Secretary, Alberta Environment and Parks, 587-985-9441, matt.dykstra@gov.ab.ca
Bruce Marpole, Communications, Alberta Innovates, 403-762-9357, bruce.marpole@albertainnovates.ca
Joshua Yaworski, Communications Coordinator, Town of Hinton, 780-865-6001, jyaworski@hinton.ca

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#Geothermal
#RenewableEnergy
#PolicyandRegulation
#Canada
#NorthAmerica
#Alberta
#DistrictHeating
#Government
#Sustainability
#BusinessModelsandFinancing
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