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Geothermal and the European Electricity Market

Wed, 15 December, 2021

TWI has been working on a range of projects related to geothermal energy, including:

S4CE (Science for Clean Energy) - implementing innovative technologies to monitor, manage and mitigate environmental risks

Geo-Coat - high performance erosion and corrosion resistant coatings

GeoSmart – storing heat energy to cost-effectively respond to network demands

GeoDrill - developing holistic drilling technologies that have the potential to reduce the cost of drilling to large depths and at high temperatures

GEOPRO - developing a verified set of robust, user friendly, flexible and accessible tools to optimize sustainable geothermal reservoir management, power and heat production and reinjection strategies.

GeoHex - developing heat exchanger (HX) materials, addressing both the improvements in the anti-scaling and anti-corrosion properties as well as the heat transfer performance of the HX material.

Aligning with this wider work, the GeoSmart project consortium has produced a document investigating how geothermal power plants connect to the European electricity market.

Including how national electricity monopolies have been joined together to create a Europe-wide electricity grid structure, the document details how geothermal works alongside coal, oil, nuclear, gas, and renewable sources to create a wider energy mix.

As an electricity market that puts more value on flexibility and renewable solutions emerges, geothermal power plants not only meet emerging trends but should also profit from the value they create in the continental electricity grid.

See the PDF, below for more:

Factsheet geothermal in the electricity market - pdf - 655kb


The GeoSmart project has received funding from the European Union's Horizon 2020 research and innovation programme under grant agreement No 818576

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