Geothermal energy production holds great promise to provide substantial and globally available renewable energy resources in the decades to come. Distinguished from intermittent renewable energy sources by its 24/7 and near ubiquitous availability, geothermal is the only renewable energy source that is capable of providing base load capacity to the grid. Widespread deployment would be a game-changing proposition.
To date, however, technology limitations have held back geothermal energy exploration, and technological advancements are essential to unlocking this vast resource. That's where FastCAP stands to make a big impact. The key to the success of geothermal energy production is the ability to cheaply and quickly pinpoint the most ideal and productive geothermal resources in real time during exploration. Technology capable of this has been utilized in the oil and gas industry for decades, but due to the drastically higher temperatures frequently encountered in geothermal wells, many oil- and gas-ready technologies are not transferable due to temperature limitations.
FastCAP is bringing its expertise in extreme environment energy storage to the table in a project funded by the DOE Geothermal Technologies Program to develop a first-of-its-kind geothermal power system for directional drilling that is capable of safely and reliably operating in the temperature extremes typically encountered during geothermal drilling operations (250C +). FastCAP expects to demonstrate a prototype of this breakthrough system in 2014.
Visit our products page to view FastCAP's suite of directional drilling power systems currently being deployed in the oil and gas industry.