Baker Hughes will explore the use of its wells services and products, project management, subsurface assessment, digital technology services, and further applicable technologies to support CAUSEWAYGT’s geothermal projects. The companies also plan to deploy Baker Hughes’s technology in CAUSEWAYGT’s demonstration project to supply clean heat in the West Firsby oilfield operated by Europa. If successful, the project will prove the operational ability to extract and use geothermal heat throughout Europe.
CAUSEWAYGT will act as co-ordinator of geothermal energy development opportunities and will market integrated solutions with Baker Hughes technologies toward relevant customers, providing systems design and project management. CAUSEWAYGT will also lead technology development projects and associated academic and industry opportunities to jointly promote geothermal growth for both companies.
“This is a powerful partnership for CAUSEWAYGT as we aim to deliver sustainable geothermal heat for commercial and industrial purposes and develop technologies to expand the application of geothermal in industrial heat processes.” said Niall McCormack, M.D. and Chief Executive of CAUSEWAYGT. “Baker Hughes has been a leader in geothermal for many decades and the opportunity to work with such an accomplished organisation in the development and deployment of closed loop geothermal systems for our customers is a hugely exciting step.”
“At Baker Hughes, we know that success in geothermal development requires collaboration, and no one organisation can do it all on its own,” said Ajit Menon, Vice President for geothermal at Baker Hughes. “Baker Hughes has had positive past experiences with CAUSEWAYGT, giving our teams the ability to align quickly. CAUSEWAYGT boasts an impressive vision to expand the utilisation of geothermal energy for heating commercial buildings and industrial processes while mitigating carbon emissions. We support that vision, and our ability to expand the geothermal economy through these agreements and using the best technologies is a crucial step in Baker Hughes’s work to accelerate the energy transition.”
Baker Hughes has more than 40 years’ experience in geothermal energy with projects in more than 27 countries across five continents, including the UK and Europe. The company’s geothermal portfolio includes technology and services ranging from reservoir feasibility and subsurface characterisation, complete well construction solutions, digital integration, power generating turbomachinery and capabilities for horizontal integration in all aspects of geothermal project development.