Unlocking Geothermal's Potential: Seequent and IGA's Two-Year Global Partnership
Thursday, Nov 21, 2024 3:35 am ET
4min read In the quest for sustainable and reliable renewable energy sources, one often overlooked option is geothermal energy. However, a recent strategic partnership between Seequent, The Bentley Subsurface Company, and the International Geothermal Association (IGA) is set to change the game. This two-year global partnership aims to boost geothermal energy's role as a sustainable and reliable renewable energy source, and I'm excited to explore the implications of this collaboration.
Geothermal energy harnesses the heat from hot fluids traveling through the Earth's subsurface to generate electricity, directly heat homes, or power industrial processes. Traditionally, it has been viewed as a resource restricted to environments with visible geological activity. However, new technological breakthroughs and the need for 24/7 access to energy are changing the investment landscape. Seequent's advanced subsurface modeling technologies are poised to revolutionize geothermal resource management and exploration, providing clarity to the complex unseen challenge of managing subsurface resources.
Marit Brommer, Chief Executive Officer of IGA, emphasizes the importance of partnerships like this in accelerating geothermal energy's growth. She believes that Seequent's technological innovations in subsurface modeling bring clarity to geothermal development, empowering countries to leverage this clean energy resource and drive meaningful progress toward global net-zero goals. Graham Grant, Chief Executive Officer of Seequent, shares this enthusiasm, stating that the partnership will work with global partners to build clear and consistent messaging for the industry, positioning geothermal as a vital contributor to the energy transition.
One of the key aspects of this partnership is Seequent's latest innovations, which include adding new physics capabilities to its software to trace fluids more accurately. This ultimately leads to more efficient resource management and a more sustainable geothermal operation. An emerging use case for geothermal energy is the rise of hyperscale AI-enabled data centers, which require reliable baseload power. Geothermal is the cleanest form of renewable energy able to provide this baseload power, making it an ideal candidate for future data center strategy globally.
Fervo Energy, a Seequent customer, is applying oil and gas technology to find new ways to produce geothermal energy for Google's data centers in the Nevada desert. Jack Norbeck, Chief Technology Officer and Co-Founder of Fervo Energy, believes that Seequent's partnership with the International Geothermal Association marks an important step in advancing geothermal's role in the global energy transition. This collaboration promises to support the industry's growth, helping unlock geothermal's potential to deliver sustainable, around-the-clock energy to meet the world's growing demand for clean power.
As an investor, I'm eager to see how this partnership influences international policies and regulations, unlocking geothermal energy's full potential. With Seequent's advanced software supporting over half of the world's geothermal electricity production, the collaboration will bring clarity to subsurface resource management, accelerating geothermal development. The IGA's leading global platform on geothermal energy, coupled with Seequent's technological innovations, will amplify promotion and best practice, driving meaningful progress toward global net-zero goals. The partnership's influence is expected to extend to major events, such as the 2026 World Geothermal Congress, further propelling geothermal energy's role as a sustainable and reliable renewable energy source.
In conclusion, the strategic partnership between Seequent and the International Geothermal Association is a significant step toward unlocking geothermal energy's potential. By leveraging Seequent's advanced subsurface modeling technologies and Fervo Energy's innovative application of oil and gas technology, this collaboration promises to drive innovation, promote best practices, and support the growth of geothermal energy production. As an investor, I'm excited about the prospects of this partnership and the potential it holds for a sustainable energy future.
Geothermal energy harnesses the heat from hot fluids traveling through the Earth's subsurface to generate electricity, directly heat homes, or power industrial processes. Traditionally, it has been viewed as a resource restricted to environments with visible geological activity. However, new technological breakthroughs and the need for 24/7 access to energy are changing the investment landscape. Seequent's advanced subsurface modeling technologies are poised to revolutionize geothermal resource management and exploration, providing clarity to the complex unseen challenge of managing subsurface resources.
Marit Brommer, Chief Executive Officer of IGA, emphasizes the importance of partnerships like this in accelerating geothermal energy's growth. She believes that Seequent's technological innovations in subsurface modeling bring clarity to geothermal development, empowering countries to leverage this clean energy resource and drive meaningful progress toward global net-zero goals. Graham Grant, Chief Executive Officer of Seequent, shares this enthusiasm, stating that the partnership will work with global partners to build clear and consistent messaging for the industry, positioning geothermal as a vital contributor to the energy transition.
One of the key aspects of this partnership is Seequent's latest innovations, which include adding new physics capabilities to its software to trace fluids more accurately. This ultimately leads to more efficient resource management and a more sustainable geothermal operation. An emerging use case for geothermal energy is the rise of hyperscale AI-enabled data centers, which require reliable baseload power. Geothermal is the cleanest form of renewable energy able to provide this baseload power, making it an ideal candidate for future data center strategy globally.
Fervo Energy, a Seequent customer, is applying oil and gas technology to find new ways to produce geothermal energy for Google's data centers in the Nevada desert. Jack Norbeck, Chief Technology Officer and Co-Founder of Fervo Energy, believes that Seequent's partnership with the International Geothermal Association marks an important step in advancing geothermal's role in the global energy transition. This collaboration promises to support the industry's growth, helping unlock geothermal's potential to deliver sustainable, around-the-clock energy to meet the world's growing demand for clean power.
As an investor, I'm eager to see how this partnership influences international policies and regulations, unlocking geothermal energy's full potential. With Seequent's advanced software supporting over half of the world's geothermal electricity production, the collaboration will bring clarity to subsurface resource management, accelerating geothermal development. The IGA's leading global platform on geothermal energy, coupled with Seequent's technological innovations, will amplify promotion and best practice, driving meaningful progress toward global net-zero goals. The partnership's influence is expected to extend to major events, such as the 2026 World Geothermal Congress, further propelling geothermal energy's role as a sustainable and reliable renewable energy source.
In conclusion, the strategic partnership between Seequent and the International Geothermal Association is a significant step toward unlocking geothermal energy's potential. By leveraging Seequent's advanced subsurface modeling technologies and Fervo Energy's innovative application of oil and gas technology, this collaboration promises to drive innovation, promote best practices, and support the growth of geothermal energy production. As an investor, I'm excited about the prospects of this partnership and the potential it holds for a sustainable energy future.
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