Oceanic Wind Energy Inc V.NKW.H

Geothermal as back-up?

[BayWall]

Wonder if Northland could consider a geothermal project in the future. Would provide scaleble reliable baseload. Maybe could back up offshore wind, if near grid location. In Canada BC could be ideal.

 

BP, Chevron and BHP are investors in a Calgary tech company. Successful demo project in Rocky Mountain House, Alberta was completed.

Japan's Chubu Elec to invest in Canadian geothermal venture (msn.com)

 

Cost close to a $65/MWH offshore windfarm in the US. Maybe could get the cost lower in the future.

 

John Redfern, President & CEO at Eavor, said: “If everything goes according to plan, we will establish a clear line-of-sight to sub US$60 per megawatt-hour costs. This is an important milestone which unlocks an enormous portfolio of Eavor-Loop™ project locations in key US, European and Asia Pacific markets, now.”