Climeon wins the world’s first geothermal Heat Power order in Canada

April 4, 2018 Thomas Öström

 

Climeon receives the world’s first order for a geothermal power plant in Canada from Borealis GeoPower. The order relates to a demonstration project named Sustainaville, in Valemount, British Columbia. It includes delivery of three 150 kW Climeon modules and is valued at approximately EUR 1 000 000.

The municipality of Valemount is situated near the end of a transmission line. The distributed power production from the Climeon Heat Power solution will contribute to Valemount’s economic development by providing additional energy to the area. Borealis GeoPower has conducted extensive field work and is confident that the Climeon Heat Power system can operate at optimal levels even when there are large variations in flow and temperature. 

Our impact goes deeper than the drilling. We provide energy and food security solutions with an emphasis on "please in my backyard" from the local community and Indigenous Peoples. We look forward to working with the low temperature Heat Power market leader Climeon and our myriad stakeholders on bringing the Sustainaville project to life. Thanks goes out to the British Columbia and other governments involved in this project for their continued support,” says Alison Thompson, Co-Founder and CEO of Borealis GeoPower.

”We are very excited about the possibility to work with Borealis on this project. The potential for low temperature geothermal heat power is substantial and it can be produced almost anywhere in the world. This new order, together with orders from Iceland, USA and Germany earlier positions us as a key player in the transition to renewable energy, ” says Ruben Havsed, Head of Sales Geothermal at Climeon. 

Natural Resources Canada contributed CAD 1,541,000 through its Energy Innovation Program.

 “Geothermal power is an exciting avenue that offers us so much to explore. By bringing this demonstration of renewable power to our country, we have the opportunity to showcase clean reliable energy generation, supporting the transition away from fossil fuels to more sustainable options. Our government is proud to support Borealis and Climeon to discover how this demonstration project may lead to further geothermal energy deployments that will help our country create a brighter future,” says The Honourable Jim Carr, Canada’s Minister of Natural Resources.

Alberta Innovates is pleased to have played a role in supporting a geothermal company in Alberta,” says John Zhou, Vice President of Clean Energy for Alberta Innovates. “Alberta’s engineering expertise can help in developing geothermal resources in Canada and around the world”. 

Drilling of the wells will start in the Spring of 2018 and the delivery of the Climeon Heat Power modules is planned for the end of 2018. Together with Borealis GeoPower, Climeon is taking an important step to demonstrate the viability of commercial geothermal heat power in Canada.

The demonstration project makes Borealis GeoPower a leader in the Canadian geothermal sphere. Longer term, the company aims to make remote communities less dependent on fossil fuels by heating and fully powering them with clean energy from geothermal resources. 

Geothermal power is in service day and night throughout the year. It can provide the same regulating power as coal or diesel-fired power plants as part of the heat power category, making it the best option to offer clean power in quantities large enough to replace fossil energy sources. 

Canada is the only large country in the volcanic area surrounding the Pacific Ocean, called the Ring of Fire, that still lacks geothermal power production. Canada is estimated to have similar geothermal potential as USA which has 3.5 GW of installed geothermal power production capacity. Canada’s know-how and expertise from the oil and gas industry together with the progressive geothermal sector sets a good foundation for the geothermal market to accelerate in the coming years. 

This press release contains such information that Climeon AB (publ) is required to publish in accordance with the EU Market Abuse Regulation. The information was published for public disclosure on April 4, 2018, at 08:00CEST through the agency of the contact persons set out above.

For additional information, please contact: 

Thomas Öström, CEO, Climeon 
+46 708 94 96 05 
thomas.ostrom@climeon.com 

Christoffer Andersson, COO, Climeon 
+46 762 00 72 99 
christoffer.andersson@climeon.com 

Alison Thompson, CEO, Borealis GeoPower

 info@borealisgeopower.com 

Dwayne Brunner, Media Relations, Alberta Innovates 

Dwayne.Brunner@albertainnovates.ca

About the Author

Thomas Öström

Chief Executive Officer and Founder of Climeon

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