CeraPhi Energy, a fully integrated geothermal development company driving the next generation of geothermal energy, has been incorporated in the United States and is targeting Texas, among other major geothermal prospect areas in the US.
CeraPhi Energy’s mission is to unlock heat underground to deliver sustainable, continuous, and green 24/7 baseload energy under a “plug and play” scalable technology platform.
CeraPhi will use its patented technology, innovation, and best practices from its oil and gas experience to fill the gap in renewables between wind, solar, and other green energy production and help complete the sustainable energy picture.
Its new base in Houston, Texas, puts it at the centre of a high-growth region where more than 6,200 oil and gas wells lie abandoned, representing a significant environmental and economic liability on companies.
CeraPhi’s patented and trademarked CeraPhiWell™, a closed-loop vertical, long-life, cost-effective technology, draws heat up from old wells, extending well life and generating clean energy for decades.
The business’ focus is on heat transfer and the geothermal ‘cascade’, creating efficient off-grid energy solutions like heating and cooling for cities and districts, replacing coal and gas-fired electrical production.
Repurposing old wells removes the need for costly plug and abandonment and decommissioning while supporting clean energy transition and the de-carbonisation of sites through co-generation.
CeraPhi founders combine more than 130 years’ experience in oil and gas engineering, subsurface modelling and topside expertise, in-house risk mitigation and management, and both conventional open and closed-loop geothermal applications.