Published by Todd Bush on September 16, 2022
HOUSTON, TEXAS, UNITED STATES, September 15, 2022 /EINPresswire.com/ -- CRITERION ENERGY PARTNERS today announced a strategic partnership with Chesapeake Energy Corporation (NASDAQ:CHK) to advance the company’s plan to deploy and develop technologies for geothermal energy development. The partnership includes an investment by Chesapeake to assist in the planning and preparation for an initial test well, advancing Criterion Energy Partner’s (Criterion EP’s) mission and vision of making geothermal energy commercially viable everywhere. Chesapeake brings extensive experience in subsurface evaluation, drilling and completions, and will have the option to participate in additional future development projects under the terms of the partnership.
Criterion EP recently announced a 10,000-acre lease acquisition near the Department of Energy’s Pleasant Bayou project, which proved feasibility of a large geothermal resource along the Texas Gulf Coast. The company’s acreage position combined with its strategic industry relationships solidifies the prospect of generating utility scale geothermal energy in Texas with the proprietary Criterion Geothermal SystemTM and Industrial DirectConnectTM technologies.
Danny Rehg, Criterion Energy Partners’ Co-Founder and Chief Executive Officer, stated, “Our partnership with Chesapeake will help unlock geothermal energy technology for new markets and customers that are increasingly demanding always-on renewable energy.”
>> In Company Spotlight: Chesapeake Energy
Criterion Energy Partners is a next generation energy company that plans to develop distributed energy projects to help customers reduce emissions and improve operating efficiency using heat from the earth. The company’s mission is to create a more sustainable future by making geothermal energy projects commercially viable everywhere. Key to its strategic advantage are Criterion Energy Partners’ team of managers, associates, and advisors with extensive experience in Business Development, Finance, Legal, Drilling & Completions, Subsurface Engineering, Geology, Geophysics and Data Science. Criterion Energy Partners touts value creation through its business model and tangible measurements, including (i) Emissions reductions, (ii) Power reliability, (iii) Long term cost stability and (iv) Weather resiliency.
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Inside This Issue 🧪 $400M Bet on Blue Ammonia: Industry Giants Push Carbon Capture in Louisiana 🏭 Linde Signs Long-Term Agreement to Supply Industrial Gases to World-Scale Low-Carbon Ammonia Facil...
Inside This Issue 🔌 BP's Indiana Exit Is Not the Endgame for Clean Hydrogen ☀️ Cadiz Signs Second MOU for Hydrogen - Solar Development at Cadiz Ranch 🏗️ Heidelberg Materials Inaugurates Brevik CCS...
Inside This Issue 🧩 Who Gets Left Behind? Inside the Senate Plan Reshaping America's Clean Energy Future 🌿 TMD Energy Limited Enters into Strategic Memorandum of Agreement to Advance Green Bioener...
Carbon Upcycling Technologies ("Carbon Upcycling"), a leader in carbon and resource utilization, announced today the closing of its USD 18 million investment round led by Builders Vision, a team of...
BUSE Gases Limited is excited to announce a transformative 10-year offtake agreement with Acorn Bioenergy, marking a significant leap forward in our commitment to sustainability and innovation. Un...
Back by Aramco Ventures, Khosla Ventures, Mitsubishi Heavy Industries America, and TDK Ventures, Spiritus is set to transform carbon removal, turbocharging America’s AI-driven future with energy an...
WOKING, England--Linde (Nasdaq: LIN) today announced it has signed a new long-term agreement with Blue Point Number One, a joint venture between CF Industries, JERA and Mitsui & Co.. Under the ...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.