GMK Power and Novus Earth have signed a letter of intent to collectively deploy Superior Geothermal Methods expertise in GMK Power’s geothermal belongings in Türkiye.
GMK Power A.S (GMK Power) has signed a letter of intent with Canada-based Novus Earth Power Operations Inc (Novus Earth) to associate on the event of geothermal energy technology options in Türkiye by deploying a First-Of-A-Form (FOAK) Superior Geothermal Methods (AGS) answer at GMK Power’s geothermal license location in Türkiye.
A collaboration to drive technological innovation
GMK Power is a geothermal expertise and improvement firm with key belongings throughout Türkiye, representing an enormous potential all through the area. The corporate is pleased with its world-class geothermal improvement functionality and intensive expertise within the implementation of Coaxial AGS answer for the heating of greenhouses. The combination of AGS expertise is anticipated to enrich GMK Power’s standard geothermal useful resource improvement efforts, optimizing properly design and bettering drilling efficiency.
“GMK Power’s geothermal licenses are positioned to considerably contribute to Türkiye’s renewable vitality targets. By partnering with Novus Earth, collectively we purpose to leverage AGS expertise to reinforce our geothermal vitality extraction course of and unlock new prospects for sustainable vitality technology,” stated Murat Karadas, Co-founder and CTO at GMK Power.
Novus Earth is an modern supplier of AGS expertise, with concentrate on bettering drilling effectivity and enhancing vitality extraction from subsurface thermal assets. The corporate can also be growing the Latitute 53 undertaking in Hinton in Alberta, Canada, which goals to provide each thermal vitality and electrical energy.
“This partnership is an thrilling alternative to show the potential of AGS expertise in Türkiye’s geothermal sector. We’re proud to collaborate with GMK Power on this landmark undertaking and set new requirements for geothermal vitality extraction within the area—and globally,” stated Jeff Messner, President and Co-founder of Novus Earth.
A future for sustainable vitality in Türkiye
This collaboration aligns with Türkiye’s ambitions to develop its renewable vitality capability and cut back reliance on fossil fuels. By combining GMK Power’s operational experience in implementing AGS for direct options along with Novus Earth’s modern AGS expertise, the 2 corporations purpose to make important developments in geothermal vitality manufacturing.
The collaboration will assist drive Türkiye’s vitality transition, constructing a sustainable and unbiased vitality future by way of the event and implementation of decarbonized applied sciences.
The LOI represents each events’ dedication to working collectively on the undertaking in Türkiye throughout which era each events purpose to formalize a long-term partnership and start work on the agreed undertaking in Türkiye. Additional updates on the undertaking might be supplied as milestones are achieved.
Supply: Electronic mail correspondence
