Onshore seismic acquisition and imaging experts, STRYDE, has enabled five new geothermal projects in Q1 of 2023 with the supply of its low-cost seismic technology, with a further five contracts for scheduled to commence during Q2.
The global contracts, equating to a six-figure sum, will see the company’s technology deployed across the US, Middle East and Europe.
Two of the ten contracts include nodal equipment supply and seismic data processing for STYDE’s largest geothermal project to date in the Middle East, as well as a European survey that was constructed alongside a geological research centre in Belgium. Five of the seismic surveys have already commenced, and all ten are expected to be completed by the summer of 2023.
Nick Tranter, STRYDE’s Business Development Manager for New Energy, said, “Within the renewable energy space, STRYDE presents a cost-effective and reliable solution to help geothermal operators de-risk investment decisions, with high-resolution seismic data.”
Mike Popham, STRYDE CEO, commented, “I am proud to have STRYDE play a part in supporting the energy industry transition towards net-zero. Our technology has proven to be a key tool in propelling more than 20 geothermal projects to date, by providing an economically viable solution for understanding and monitoring the subsurface.”