GeoTek Advances With DOE Research Award (watchlistnews.com)
GeoTek of Midland,Texas, has announced approval by the U.S. Department of Energy for reimbursement of up to $1.08 Million for the fabrication and initial testing of its
Gravity Head Energy System (GHES). Dave Marshall, CEO, explained that “GeoTek completed last year the first of three phases in the DOE program, under budget.” The third phase of this $2.85Million DOE research award is expected to commence next year with an additional $1.32Million in potential funding for GHES field tests. GeoTek is required to supplement these DOE cost-share research funds with private capital which GeoTek is currently raising.
The
Gravity Head Energy System (GHES), uses gravity instead of pumps to capture energy from hot underground water in a binary system. The hot underground water still will flow to the surface in separate tubing from the heated working liquid. The water will then be reinjected in a well some distance away from the source well. The working liquid will be used to generate power, then recycled into the downhole heat exchanger.
GeoTek Energy, LLC will be exhibiting at Booth #502 in the GEA Energy Expo, run in conjunction with the GRC Annual Meeting, Sept. 29- Oct. 2 in Las Vegas, Nevada, USA.
