Baseload Power Iceland to increase capacity with new geothermal well

July 11, 2022

Baseload Power Iceland and Varmaorka ehf. are pleased to announce that they have received all required approval to begin drilling a new well called ER-24 and located in Efri-Reykir, Bláskógabygð (64°14'13.6"N 20°31'00.1"W). Work will start in July 2022.

Efri-Reykir is a primary medium-sized enthalpy prospect located in the south of Iceland in an area with several active geothermal wells. The ER-24 well will be drilled close to its sister well, ER-23, which was established in 1988 and has consistently produced around 36 kg/s ever since. If successful, ER-24 will, together with ER-23, support the development of the Efri-Reykir Geothermal Project. This 2,5 MWe geothermal binary power plant can provide stable baseload electricity and geothermal to over 2000 local homes and businesses. This sees the continued increase of geothermal energy as part of the global transition towards renewable sources.

Read the full press release on CISION

RELATED POSTS

Innovative Collaboration Paves the Way for Geothermal Energy

Baseload Capital, a leading investment entity dedicated to advancing geothermal energy deployment globally,

Chevrons energy revolution, using heat beneath our feet ”Geothermal” - Barbara Harrison

Oil and gas industry has been around for a long time, enabling us the degree of economic development, but also the comfort of life as we know it today.

Unveiling the Dark Side of the IT Industry - Pernilla Ramslöv, CEO and Founder NOX Consulting

This part of the IT industry is rarely talked about or even acknowledged, but it is very much real. IT has a large climate footprint, and two biggest problems of this industry are demand for energy and hardware.

Debate: Energy lies under our feet - dig where we are standing

Europe does not have to be second in line, geothermal can rewrite the energy map. With new technology, political will and an oil industry looking for new applications for its drilling assets
1 2 3 29
menu linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram