SLB and Ormat Partner to Accelerate Integrated Geothermal Asset Development and Enhanced Geothermal Systems
SLB Limited Common Shares (SLB)
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Source: Business Wire
New geothermal agreement aims to advance hydrothermal projects; develop and deploy EGS at scale HOUSTON & RENO, Nev.--(BUSINESS WIRE)--Global energy technology company SLB (NYSE: SLB) and leading geothermal and renewable energy company Ormat Technologies (NYSE: ORA) today announced an agreement to fast-track the development and commercialization of integrated geothermal assets, including enhanced geothermal systems (EGS). EGS is the next generation of geothermal technology, meant to unlock geothermal energy in regions beyond where conventional geothermal resources exist.This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20251025805256/en/The Ormat geothermal facility Casa Diablo IV, CaliforniaTogether, SLB and Ormat intend to streamline project deployment, from concept to power generation. As part of this effort, they will develop, pilot and scale EGS solutions to enable wide-scale EGS adoption. This collaboration will include
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