Saipem, a global leader in the engineering and construction of major projects for the energy and infrastructure sectors, has signed a MoU with Geolog and Ignis H2 Energy to develop advanced technological solutions and conduct feasibility studies for new geothermal plants.
The two companies are specialised in the geothermal sector; Geolog is a leader in the evaluation of geological formation and drilling solutions, while Ignis H2 Energy expertise lies in geothermal resource acquisition, exploration and development. Saipem has moved to utilise the experience of both companies as it aims to develop advanced solutions that can enable a greater use of geothermal energy. In particular, the company is interested in next-generation geothermal energy systems, offshore geothermal energy, and the conversion of oil & gas wells.
A strategic resource
As per the MoU, the three entities have agreed to carry out joint studies on unconventional geothermal energy such as terrestrial heat sources difficult to access as well as on offshore geothermal energy.
Saipem will lead the feasibility study of geothermal plants, by assessing the technical solutions currently available in the market and identifying potential technological gaps. Geolog and Ignis will contribute to the assessment of geological formations and drilling solutions, as well as the analysis of geothermal resources availability.
