Tuesday, December 16, 2014

United Kingdom:

New Renewable Energy Company will Explore for Geothermal in Southern England (OilVoice)

The Board of InfraStrata plc has announced that it has signed a binding Heads of Agreement for an Asset Exchange with Fyrd Energy Limited (Fyrd) to further renewable energy projects including a possible geothermal energy source in Dorset.

A new project company, Integrated GeoRenewables (Dorset) Limited (IGR), will seek to evaluate the potential to develop an integrated geo-renewable energy project with a hub in the Portland area of Dorset. IGR believes there is the potential to use the unique deep geology of the area to improve the efficiency of renewable generation, using such technologies as geothermal energy or compressed air storage. The existing sub-surface geological and engineering work (including deep drilling and seismic data), surface facilities engineering and environmental work undertaken by InfraStrata for its former planned gas storage project at Portland will have a significant value for IGR.

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