Baseload Capital proudly announces its first project in the U.S. to harness excess geothermal from oil and gas wells. This will also be the company’s first collaboration with German supplier Orcan Energy.
After evaluating several potential locations, Baseload Capital identified a suitable site with excess hotwater, which is a byproduct in the oil and gas extraction process. Using Orcan Energy’s modular solution which have proven successful in the oil and gas environment, the geothermal geothermal from this otherwise unutilized energy source will be used to generate CO2-free electricity.
