Monday, October 2, 2017

USA, Utah: Cyrq to Provide 20 MW Geothermal Energy to University of Utah

U Commits To Renewable Energy (News Release)

The University of Utah is pleased to announce that, after receiving several responses to its request for proposals, it is finalizing agreements to supply 50 percent of its electricity from renewable energy sources. The accepted proposal is a joint proposal from Cyrq Energy, a Utah company based in Salt Lake City, and Berkshire Hathaway Energy Renewables (BHER). The proposal is to provide 20 megawatts of geothermal energy and 10 megawatts of solar energy to the university for the next 25 years. The project would result in a 25 percent reduction of the university’s overall greenhouse gas emissions.

“This project connects the university to a diverse array of energy resources that are important to the economic health of our state,” said U President David W. Pershing. “Both our Energy and Geoscience Institute and our Department of Geology and Geophysics are known for their work on geothermal resources. We are pleased to be part of a project that so closely aligns with our research strengths and allows the university to take a dramatic step forward on its climate commitment and toward improving air quality.”

“Cyrq is honored to partner with Berkshire Hathaway Energy, Rocky Mountain Power and the U on this exceptional project,” said Nick Goodman, Cyrq CEO.

Rocky Mountain Power is pleased to help facilitate this project between the University of Utah, Cyrq and BHER to increase the renewable footprint and facilitate ongoing research at the university,” said Gary Hoogeveen, senior vice president and chief commercial officer at Rocky Mountain Power.

In order to be finalized, all agreements will be subject to review in the coming months by the Public Service Commission.

Cyrq Energy is a Silver Level sponsor of the GRC Annual Meeting & GEA GeoExpo+ being held from October 1-4 at the Salt Palace Convention Center, Salt Lake City, Utah, USA.