Sage Geosystems has signed a land use settlement with SMECI for the placement of its first-of-its-kind 3-MW Geopressured Geothermal System in Christine, Texas.
Sage Geosystems Inc. (Sage) has entered right into a land use settlement with San Miguel Electrical Cooperative Inc. (SMECI) for Sage’s or the 3-MW Geopressured Geothermal System (GGS) power storage facility. With this settlement, the 3-MW EarthStore system will situated in Christine in Atascosa County, Texas close to the SMECI lignite coal energy plant. Sage will function as a service provider, shopping for and promoting electrical energy to the ERCOT grid.
Later this yr, Sage will launch the EarthStore™ facility, the world’s first venture to make the most of the earth’s pure capability for power storage to supply clear, sustainable, and dispatchable electrical energy on demand. This know-how gives a dependable and resilient energy supply that’s impartial of climate circumstances and never reliant on wind or sunshine.
“As soon as operational, our EarthStore facility in Christine would be the first geothermal power storage system to retailer potential power deep within the earth and provide electrons to an influence grid,” mentioned Cindy Taff, CEO of Sage Geosystems. “Geothermal power storage is a viable resolution for long-duration storage and another for short-duration lithium-ion batteries. Electrical utilities and co-ops like SMECI, will be capable of use our know-how to enrich wind and photo voltaic, and stabilize the grid.”
The power will use Sage’s proprietary know-how to retailer power, focusing on 6-to-10-hour storage durations and delivering a round-trip effectivity (RTE) of 70-75 %. As well as, water losses are focused to be lower than 2 %. At scale, this power storage system can be paired with renewable power to offer baseload and dispatchable energy to the electrical grid. When mixed with solar energy, Sage’s EarthStore facility allows 24/7 electrical energy era at a blended Levelized Value of Power (LCOE) effectively below $0.10/kWh.
In late 2023, Sage introduced the profitable outcomes of a full-scale industrial pilot of EarthStore in Starr County, Texas. Sage was in a position to show long-generation and load-following energy era with excessive efficiencies and minimal fluid loss within the subsurface. The outcomes confirmed that the know-how is cost-competitive with lithium-ion batteries, pumped storage hydropower, and pure fuel peaker crops.
Earlier this yr, Sage had additionally introduced a profitable elevate of $17 million in Collection A funding to totally fund the first-of-its-kind Geopressured Geothermal System.
Craig Courter, CEO, San Miguel Electrical Cooperative, Inc. added, “Lengthy-duration power storage is essential for the ERCOT utility grid, particularly with the growing integration of intermittent wind and solar energy era. We’re excited to be a part of this modern venture that showcases the potential of geothermal power storage.”
Sage has utilized for 2 drilling permits in Texas. The primary allow is in Atascosa County for the EarthStore facility in Christine and the second allow is in Starr County, adjoining to the corporate’s current take a look at effectively.
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