Alberta has a significant head start in becoming a significant global player in geothermal technology, say the developers of a new technology designed to generate clean power for the province from end-of-cycle oil and gas wells and other sources of industrial waste heat.
"With over 100 years of expertise in drilling, Alberta has developed all of the skilled labour, machinery and experience needed to be successful geothermal developers," says the team behind Terrapin Geothermics.
"The geothermal industry also represents one of the few renewable industries where Alberta has the potential to develop new, export ready intellectual property and innovation."
In collaboration with the University of Alberta, the company has developed the Terrapin Engine, which it says was specifically built to turn Alberta's industrial waste heat sources and conventional oil and gas wells into clean power solutions to help the province reach its economic growth potential and sustainable environment ambitions.
Terrapin says it is now working with many Alberta counties and communities to map and better understand the geothermal energy and waste-heat resource potential within their regions.
"It's important for Albertans to fully understand how this form of renewable energy can create local jobs, put drilling and manufacturing industries back to work, lower electricity costs and contribute to Alberta's climate change leadership role."