Sage Geosystems Partners with NREL and Romania’s Electrocentrale Bucuresti (ELCEN) to Conduct Feasibility Study on Decarbonizing District Heating System in Bucharest
July 24 2024 - 2:00AM
Business Wire
Sage Geosystems Inc. (Sage), a geothermal and energy storage
company, announced today that it will be partnering with
Electrocentrale Bucuresti S.A. (ELCEN), Romania’s leading producer
of thermal and electrical energy in Bucharest. This partnership
will explore how geothermal energy can be implemented within the
city of Bucharest to replace a fossil-fuel based thermal plant with
a clean, reliable alternative energy source. The first project will
generate up to 70MW thermal power for a district in Bucharest and
upon its success will be expanded to other Romanian projects and
cities.
Sage will rely on its field-proven Geopressured Geothermal
System (GGS) technology, which maximizes the heat harvested and
minimizes cost. A feasibility study will be performed in
partnership with the National Renewable Energy Laboratory
(NREL).
“Sage is thrilled to be supporting Romania’s transition to clean
energy and to introduce geothermal energy applications to its
capital city,” said Cindy Taff, CEO and co-founder of Sage
Geosystems. Lev Ring, President and co-founder of Sage Geosystems,
added “We are proud to be involved with NREL, the U.S. Department
of Energy (DOE) and the Partnership for Transatlantic Energy and
Climate Cooperation (P-TECC) and we are looking forward to the many
partnerships and advancements we will develop in Europe as a result
of this program.”
The general director of ELCEN, Claudiu Crețu, shared at the
Profit Energy.forum in October 2023, that the company would be
conducting studies to see if it can use the geothermal heat from
underneath Bucharest for the centralized heating of the
Capital.
ELCEN currently produces 40 percent of Romania’s and 90 percent
of Bucharest’s thermal energy for district heating, and
implementing a renewable energy source like geothermal would
significantly reduce carbon emissions throughout the city and the
country.
For more information, please visit www.sagegeosystems.com.
About Sage Geosystems Inc.
Sage Geosystems was founded in 2020 and is developing energy
storage and geothermal baseload technologies deep in the earth. The
Sage Geosystems team has over 150 combined years in the oil and gas
industry, with experience delivering major projects including
Deepwater, Arctic, and Unconventional shales. The company is
headquartered in Houston, Texas. For more information, visit
www.sagegeosystems.com.
About Electrocentrale Bucuresti S.A.
ELCEN is both an electricity producer and a heat energy
producer. It is the largest thermal (heat) energy producer in
Bucharest, Romania as well as nationwide. Founded in 2002, ELCEN is
a subsidiary of Termoelectrica S.A.
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