Baseload Capital and Orcan Energy successfully commissioned their first waste heat project with Chevron U.S.A. Inc.

November 29, 2022

Baseload Capital and Orcan Energy are pleased to announce the commissioning of a first project utilizing waste heat from existing oilfield operations at Chevron U.S.A. Inc.´s (Chevron) San Ardo oil and gas field in California, USA. Baseload Capital is the project operator, collaborating with leading cleantech company Orcan Energy providing the state-of-the-art heat-to-power technology. The project, which started operations in July 2022, demonstrates the potential of using existing oil and gas wells for reliable and cost-effective renewable power production.

Up to 90% of the fluid produced from oil and gas wells is hot water – a source of heat energy waiting to be fully tapped. When paired with next-generation Organic Rankine Cycle (ORC) equipment, it can leverage that potential heat from the water to produce clean electricity at minimal costs. Baseload Capital and Orcan Energy’s project with Chevron showcases the significant opportunities for the oil and gas industry to develop renewable energy and will pave the way for similar projects at other sites worldwide.

Read the full press release on CISION

RELATED POSTS

Combat climate change, let's get it done and make great business out of it - Mattias Goldmann

What if we've had it wrong all this time? Trying to persuade people to become more sustainable by using images of starving polar bears and whales with stomachs full of plastic or talking about the impact of climate change on future generations and people in far-off lands.

Electronic waste is the biggest waste stream in the world - Niklas Sundberg, Senior VP ASSA ABLOY

Did you know technology currently has the same emissions as the global aviation industry? That’s 1-2 % of total global carbon emissions! We are also generating 57 million tons of electronic waste

How to understand EU taxonomy - Søren Berg Rasmussen, Investment Manager at Nefco

For a long time, almost every business could claim to be sustainable, and it was hard to tell which claims were true and which were just greenwashing.

If you put your mind to it, anything is possible

Today there is a lot of talk about victory. Victory is glorified, sought after and often the focus of discussion.
1 2 3 21
menu linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram