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Geothermal heat and power plant

Cheap heat & power for municipalities generated from a local source

June 2020
Gallery Geothermal heat and power plant 1
Gallery Geothermal heat and power plant 1
01.

Identification

Geothermal heat and power plant is a standardized power plant that challenges common geothermal energy approaches. It makes geothermal more efficient and reduces the CO2 lifecycle footprint to a bare minimum. Cheap heat & power for municipalities generated from a local source.

It is a new variant of geothermal energy with technology that fully utilizes the energy potential of hot brines. In contrast to conventional geothermal power plants, its advanced system uses two sources for its energy production: hot water as well as the combustible gases dissolved in it. The gases are separated from the water and burned in a gas engine. The CO2 from combustion, as well as any brought up with the hot water, is captured and safely re-injected into the aquifer. The result: remarkably cost-effective renewable and zero-carbon energy.

Sector

Label Date June 2020
From Switzerland
Maturity stage Prototype testing in the real world
Looking For Municipalities; Governments; Industrial partners; Investors

Sectors - Value chain - Application

Sectors
Applications
Design, Power & Produce
Package & Distribute
Use & Efficiency
Valorize & Restore
Value Chain Steps
02.

The environmental benefits

  • A life cycle CO2 footprint (over 30 years) of 5 grams of CO2/kWh, which is very competitive even compared to the state of the art solar and wind technologies.
03.

The Financial benefits

  • CLEAG’s standardised projects aim at a 15% return rate
04.

Activity Region

  • /

Europe

Croatia,

  • Headquarters
  • Activity
05.

Company Profile

Clozed Loop Energy AG

Disruptive innovative green energy awarded by the EU Commission

View company profile
Headquarters 6004 Lucerne, Switzerland
06.

Networking Partner

European Union

The EU, through its funding programmes, supports the development of innovations and technologies that help combat climate change, protect the environment and ensure a sustainable development and growth.

View partner profile
Solutions Associated 153
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The information set out above, is solely for the purposes of information and the Solar Impulse Foundation does not provide any guarantee as to its authenticity, completeness or accuracy. This information does not constitute investment advice or a recommendation to buy into, transact or to enter into any agreement with any of the parties or persons mentioned above. Potential investors or interested parties are solely responsible for their investment or business decisions and for performing any due diligence required by the circumstances.