BASELOAD POWER ICELAND TO INCREASE CAPACITY WITH NEW GEOTHERMAL WELL

October 12, 2022

Baseload Power Iceland and Varmaorka ehf. are pleased to announce that they have received all required approval to begin drilling a new well called ER-24 and located in Efri-Reykir, Bláskógabygð (64°14'13.6"N 20°31'00.1"W). Work will start in July 2022.

Efri-Reykir is a primary medium-sized enthalpy prospect located in the south of Iceland in an area with several active geothermal wells. The ER-24 well will be drilled close to its sister well, ER-23, which was established in 1988 and has consistently produced around 36 kg/s ever since. If successful, ER-24 will, together with ER-23, support the development of the Efri-Reykir Geothermal Project. This 2,5 MWe geothermal binary power plant can provide stable baseload electricity and heat to over 2000 local homes and businesses. This sees the continued increase of geothermal energy as part of the global transition towards renewable sources.

Read the full press release on CISION

RELATED POSTS

Baseload Power Iceland will attend the 2023 Samorka Professional Congress in Selfoss

We are delighted to announce that Baseload Power Iceland will attend the 2023 Samorka Professional Congress in Selfoss! The 2023 Fagþing will be held 3-5 […]

A SEMINAR BY SPE ABERDEEN HIGHLIGHTS THE MANY OPPORTUNITIES FOR OIL AND GAS PROFESSIONALS TO CONTRIBUTE TO ENERGY TRANSITION WITHIN THE GEOTHERMAL INDUSTRY

The UK-based Society of Petroleum Engineers (SPE) Aberdeen recently held their first-ever geothermal seminar titled “An Opportunity to Explore the Role of Geothermal in the […]

Geothermal Investment Company Baseload Capital Launches Its New Series ‘coffee With Baseload’ To Deformalize The Conversation Around Clean Energy

As the geothermal industry continues to spotlight the ‘Geothermal Decade’ ­– a push to make the geothermal energy sector 13 times larger by 2030
menuchevron-down linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram