Signing of Notice to Proceed Agreement between DEEP and Ormat (source: DEEP)
“We are grateful to have such a strong and committed partner as DEEP prepares to become Canada’s first commercial conventional geothermal power producer. Together, we will revolutionize sedimentary geothermal power, incorporating DEEP’S first-in-the-world horizontal well design and Ormat’s ORC power generation equipment. This is a transformative step forward in Canada’s decarbonization strategy,” commented DEEP Earth Energy’s President & CEO, Kirsten Marcia about the groundbreaking initiative.
The first phase of development of the geothermal power project in southeast Saskatchewan is for a 5-MW capacity power plant using an ORC unit and utilizing steam from two production wells complemented by two injection wells. The PPA for the 5-MW Phase 1 facility had already been signed with SaskPower.
More recently, third-party consultant GeothermEx confirmed that the geothermal resource in Saskatchewan can sustain thermal energy production for 40 years based on DEEP’s development and operations plan.
Ormat Technologies is proud to deliver new state-of-the-art equipment to help bring clean power to the grid. “I extend my sincere gratitude to the esteemed DEEP team for affording us the privilege to participate in the geothermal revolution sweeping across Canada. It is with great honor that we find ourselves at the forefront of this pivotal transformation in the Canadian energy landscape. As we move forward, let it be known that this is just the beginning,” said Ran Reshef, Ormat Technologies, Vice President of International Sales.
DEEP Earth Energy has collaborated with local businesses, government agencies, and environmental organizations to ensure the project’s success while aligning with Canada’s sustainability goals. The project has also created numerous job opportunities in the local community, stimulating economic growth and enhancing the region’s prosperity.
This remarkable project marks a significant milestone in Canada’s commitment to sustainable energy sources and environmental stewardship. Canada has long been recognized for its vast geothermal potential, yet this valuable resource has remained largely untapped until now. DEEP Earth Energy and Ormat Technologies are committed to a greener, more sustainable future.
