ElectraTherm and Transitional Energy Sign Letter of Intent to Develop Geothermal Resources

A Partnership Between Industry Experts to Convert Heat Waste to Power in the Oil and Gas Industry

Transitional Energy, a geothermal technology and development company, and Georgia-based ElectraTherm, Inc. announce that they have signed a Letter of Intent to partner to convert heat waste to power in the oil and gas industry. This announcement builds upon the successful pilot operation of Transitional Energy’s Sedna Sled Geothermal System earlier this year at an oilfield located in rural Nevada. That system included ElectraTherm’s Organic Rankine Cycle (ORC) equipment.

The oil and gas industry produces millions of megawatts of thermal energy in the form of hot oil, gas, and water from wellbores across the United States. This heat is dissipated at the surface or is cooled off with industrial chillers prior to entering pipelines. Transitional Energy is deploying a proprietary system utilizing ElecraTherm’s ORC equipment to generate power from this thermal energy.

“We value collaboration at Transitional Energy and working more strategically with ElectraTherm will allow us to bring greater value to our customers. We believe integration of ideas will be the solution to energy insecurity and emission reductions,” said Salina Derichsweiler, CEO of Transitional Energy.

“ElectraTherm is proud to be a part of Transitional Energy’s strong value proposition to the O&G market. Using co-produced fluids to create continuous, carbon-free, renewable energy is a clear win-win for operators looking to offset their carbon footprint in a way that makes strong business sense,” said Matt Lish, Managing Director of ElectraTherm.

CONTACT:

Ashley Edge, ElectraTherm | [email protected] |+1 678-267-7620
Johanna Ostrum, Transitional Energy | [email protected] | +1 406-690-4849