Italian technology developer EXERGY International and Japan’s Geothermal Development & Investment Inc, subsidiary of GPSS Group, have signed a partnership agreement for the exclusive distribution of turnkey geothermal power plants in Japan, using ORC (Organic Rankine Cycle) technology.
Through this collaboration, the partners will offer solutions for the development and completion of ORC power plants, starting with the design and engineering of the system to the manufacturing, erection, start up and aftersales services.
The partnership between Exergy and GDI is expected to initiate the development of joint MW scale projects and contribute to the growth of geothermal development in Japan, which has the world’s third-largest geothermal resource potential.
Marco Frassinetti, sales director of EXERGY International Srl, said: “Knowing that the Asian region has a huge renewables potential to tackle, we have been pursuing this key commercial area for years. We consider Japan in particular as a promising market for geothermal development…”
“GDI’s unique development approach focusing on close cooperation with local stakeholders combined with our advanced survey, design, and engineering abilities allows us to complement and maximize EXERGY’s technical excellence as we strive to break through Japan’s notoriously underdeveloped geothermal market,” said Tomofumi Ono, president of GDI.
EXERGY has extensive experience in power plant design for the geothermal sector and counts an ORC binary fleet worldwide of around 450MWe of installed capacity.
GDI has established significant expertise in the one-stop development, operation and maintenance of renewable energy power plants, with several successful ORC-based geothermal projects uniquely co-developed with local communities.
The agreement is a starting point for the collaboration of GDI and EXERGY in other markets, such as South and Southeast Asia and Africa, as well as other applications of the ORC technology, such as waste heat recovery and other heat-related renewable energy applications.