Mon, 13 June, 2022
The GeoSmart project consortium have released a new factsheet investigating the challenge of creating standards for the geothermal industry.
TWI has been working as one of 19 European partners on the project that are seeking to optimise innovations to improve the efficiency and flexibility of geothermal heat and power systems with the aim of reducing costs and improving energy security and environmental performance of geothermal assets.
Stakeholders such as R&D organisations, universities, plant operators and owners, supply chain companies, regulators and others create industry-wide standards for processes or technologies.
These standards are usually only formulated once a high technology readiness level (TRL) is reached, but geothermal is still in an advanced research and development phase.
In order to formalise the current knowledge and best practice for the design, construction, and operation of geothermal plants there is a need to advance the TRL.
This new factsheet assesses the current state of TRLs for geothermal and investigates how GeoSmart technologies will reduce geothermal energy costs dramatically, creating a more cost-competitive energy source than fossil fuel-based alternatives.
You can read the factsheet in full, below, and find out more about the GeoSmart project here. GeoSmart Factsheet - Standards - pdf - 233kb
The GeoSmart project has received funding from the European Union's Horizon 2020 research and innovation programme under grant agreement No 818576.