Chevron New Energies International (Chevron) and Mitsui Oil Exploration Co . (MOECO) have announced that they have signed a Joint Collaboration Agreement to explore the technical and commercial feasibility of advanced geothermal power generation in Japan.
The collaboration will study geothermal resource potential across Japan and will evaluate the effectiveness of Advanced Closed Loop (ACL) technology for a future joint project in Japan. Both companies may also assess potential collaboration for advanced geothermal opportunities using ACL globally.
Unlike conventional geothermal projects, which use traditional steam turbines requiring high temperatures, ACL can potentially enable access to geothermal resources at a wider range of temperatures and geologies through the application of alternative technology above and below the surface.
Barbara Harrison, Vice President of Offsets & Emerging for Chevron New Energies, said: “This collaboration provides an opportunity for Chevron to combine its subsurface capabilities and technologies with MOECO’s intimate knowledge of Japan’s geothermal potential resource geology. The joint team will have the opportunity to test emerging geothermal technology in a real world setting with significant scaling up potential.”