Speaking on Business: FORGE
FORGE is working to create geothermal reservoirs that are easily duplicated.
This is Chris Redgrave for Zions Bank Speaking on Business.
Geothermal energy systems require heat, permeability and water, and the thermal energy is captured to produce heat and electricity. This energy source works only in places where natural cavities are available to heat the water. At the Frontier Observatory for Research in Geothermal Energy, or FORGE, in Milford, Utah, Dr. Laura Nelson, director of the office of energy development, and researchers are working to make this process easier. They’re tapping into techniques picked up from the oil and gas industry that could be used to create geothermal reservoirs that are easily duplicated.
The work looks promising because Utah was selected to receive a $140 million grant from the U.S. Department of Energy, after three competitive rounds of funding, to expand FORGE in developing Utah’s geothermal research initiative. Dr. Nelson says the possibilities with this grant are huge. In terms of known resources, Utah is third in the country, behind only California and Nevada.
One megawatt of geothermal energy is enough to power 1,000 homes and Utah has 2,200 megawatts of known geothermal energy, so the work FORGE is doing can have major benefits. This research has been in progress for decades and the vision is for scientists and engineers to come together to develop geothermal technology to advance and replicate systems.
Find more online at www.forgeutah.com.
For Zions Bank, I’m Chris Redgrave, speaking on business.
2101 W 2400 S
Charleston, UT 84032