E2E Energy Solutions and Novus Earth Partner on Pioneering Geothermal Initiative in Alberta
CALGARY, Alberta--(BUSINESS WIRE)--Nov 5, 2024--
E2E Energy Solutions, in partnership with Novus Earth, is excited to announce the signing of a Letter of Intent to jointly develop the Latitude 53 Hinton Inc. project. Situated just outside of Hinton, Alberta, this groundbreaking initiative represents a major step forward in geothermal energy development.
Construction is expected to begin in early 2025, with the project set to drive both sustainable energy solutions and agricultural growth, showcasing the transformative potential of geothermal technology. The Latitude 53 project is an ambitious, two-phase endeavour that will have a lasting impact on the region.
The first phase will focus on utilizing geothermal energy to support year-round strawberry cultivation across a 20-acre greenhouse. This facility will receive up to 50 gigajoules of sustainable, consistent heat per hour, provided by E2E's geothermal technology. The second phase will incorporate E2E’s patented Enhanced Geothermal Reservoir Recovery System (EGRRS) to generate 10 MW of zero-emission power, proving the feasibility of geothermal technology as a reliable energy source.
"We are looking forward to introducing this innovative approach to thermal and electrical generation to Alberta," said Jeff Mesner, President of Novus Earth. "Our partnership with E2E Energy Solutions perfectly aligns with our mission to leverage advanced geothermal technology for sustainable, community-centered projects."
“We’re very pleased to see our EGRRS technology integrated into a project that will bring stable, affordable energy to Alberta,” said Nick Daprocida, CEO of E2E Energy Solutions. “This project demonstrates how geothermal energy can contribute to creating sustainable jobs and delivering reliable baseload power to the agricultural sector.”
The Latitude 53 site is expected to foster economic growth and employment opportunities in Hinton and the West Yellowhead region. The project has received Government of Canada funding and will be supported by Ormat Technologies. For more information, visit e2eenergysolutions.com.
About:E2E Energy Solutions ’ mission is to design and develop economically viable solutions for a sustainable net zero carbon future. Through our patented subterranean enhancement technology, we unlock the potential of previously unrecognized geothermal areas. Our goal is to bring this solution to communities across Canada through commercial geothermal heat and power solutions implementation - empowering communities and creating economic opportunities.
About:Novus Earth is an innovation-driven company committed to creating a more sustainable future through geothermal energy innovations. Our mission is to develop and implement decarbonized technologies that promote responsible stewardship of the earth's resources. At Novus Earth, we advance new opportunities in geothermal that empower communities and industry with energy security.
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CONTACT: For media inquiries:
Casey Bohn, The Agency Communications,
casey@theagencyinc.ca
403-880-1359
KEYWORD: NORTH AMERICA CANADA
INDUSTRY KEYWORD: ENVIRONMENT TECHNOLOGY OIL/GAS SUSTAINABILITY ALTERNATIVE ENERGY GREEN TECHNOLOGY ENERGY AGRICULTURE NATURAL RESOURCES FOOD TECH
SOURCE: E2E Energy Solutions
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