US start-up Geothermal Technologies Inc (GTI) has applied for permits to drill geothermal wells for the purpose of producing utility-scale electricity in the Denver-Julesburg (D-J) Basin in Weld County, Colorado.
The company is seeking permission from the Division of Water Resources in Colorado as it aims to build a first-of-its-kind geothermal power plant using its proprietary technologies. GTI estimates that, the thermal prospect in the DJ Basin has over 5 GW of geothermal energy that can be harvested using its technology.
“Our Field Development Plan for generating power indicates we can install up to 400 MW of baseload electricity production,” said chief executive J. Gary McDaniel.
The company plans to initially construct a small 5-MW power plant and then scale up.
GTI’s proprietary GenaSys Geothermal Energy Harvesting System, when combined with advanced Organic Rankine Cycle (ORC) power generation technology, allows for the extraction of geothermal energy in geographic regions that were previously inaccessible using conventional methods.
The business was set up in 2018 to commercialise technology developed at the Johns Hopkins University.
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