Geothermal Technologies (GTI), a company dedicated to developing clean energy, has filed for drilling permits with the Division of Water Resources in the State of Colorado, US.
GTI is seeking to drill geothermal wells for the purpose of generating utility-scale electricity in the Denver-Julesburg (D-J) Basin. GTI’s proprietary GenaSys Geothermal Energy Harvesting System ushers in the latest generation of geothermal technologies. When coupled with advanced Organic Rankine Cycle (ORC) power generation technology, GTI’s innovative system enables the efficient extraction of geothermal energy in geographic regions around the globe that have been out of reach using conventional approaches.
“This is an important step forward in our plans to construct a first-of-its-kind geothermal power plant in the D-J using GTI’s proprietary suite of technologies,” said J. Gary McDaniel, CEO of GTI. “We are excited about the potential that exists in Colorado for the development of advanced geothermal power. GTI has calculated that the thermal prospect in the DJ Basin has over 5GW of geothermal energy that can be harvested using our technology. Our field development plan for generating power indicates we can install up to 400MW of baseload electricity production.”
Jim Hollis, President and COO of GTI, added, “Our GenaSys technology promises to make geothermal baseload power both low in cost and truly scalable – locally, regionally, and globally. We plan to begin by constructing a small 5MW power plant in the D-J basin and then scale from there.”
