Razor Energy Corp V.RZE.WT.H

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[oceaneleven]

Geothermal projects located in Alberta may also benefit from co-production. Hot water is often produced as a by-product of oil and gas production. Co-production extracts thermal energy from the produced hot water, and uses what would typically be waste heat to generate electricity. This can help to offset carbon emissions from oil and gas production, and the resulting electricity could be used on-site to offset electricity purchases, or potentially exported to the grid at the prevailing market price. The Swan Hills geothermal project, a partnership between Razor Energy Corp., Natural Resources Canada, and the University of Alberta, plans to develop geothermal generation capacity on an existing oil and gas battery. If done successfully, it will be the first project of its kind in Canada.

Conclusions

The introduction of Bill 36 has signalled the Government of Alberta's support for the geothermal industry, emphasized by a recent $50 million investment of Technology Innovation and Emissions Reduction Regulation (TIER) generated funding into the province's clean tech sector in which the government explicitly identified geothermal projects as a category of potential investments. Although geothermal projects have not historically been an investment opportunity in Alberta, in the new paradigm of increased focus on Canada's transition to cleaner energy sources, these projects are expected to receive more attention and investment

https://www.mondaq.com/canada/renewables/1026796/hot-rocks-is-an-alberta-geothermal-energy-industry-more-than-just-hot-air?type=related

[oceaneleven]

https://www.globenewswire.com/news-release/2021/05/04/2222045/0/en/Construction-to-Commence-on-the-First-Co-Produced-Geothermal-Power-Project-in-Alberta-and-Canada.html