Baseload Capital has embarked on its first project in the US to harness excess heat 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 hot water, 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 heat from this otherwise unutilised energy source will be used to generate CO2-free electricity.
