GTI’s GenaSys™-1 Project Featured on Denver7 (ABC)

by Geothermal Technologies | Jul 1, 2024 | News

On Monday, July 1, 2024, Denver7, Denver’s ABC Affiliate, aired a story about two geothermal energy projects being constructed in Pierce, Colorado.  Geothermal Technology, Inc.’s (GTI) GenaSys-1 Project was featured in this story.

The GenaSys-1 Power Plant will be GTI’s flagship geothermal electric facility.  The initial plant is designed to produce 3 MWe of geothermal electricity with plans to quickly expand generation capacity to 20 MWe with the expansion, GenaSys-2, on the same site.

The GenaSys plants will be the first of their kind and offer up a new generation of geothermal energy technology.  The GenaSys technology was originally developed at the Johns Hopkins University and has been further advanced by the GTI team over the past 6 years.  “Our GenaSys heat harvesting technology allows us to extract carbon-free, firm, dispatchable power from the hot water aquifers found within the earth’s prolific sedimentary basins,” said J. Gary McDaniel, CEO of GTI.  “What is great about this technology is that it can produce economical, clean power for decades.”.

GTI’s GenaSys system incorporates learnings from conventional geothermal systems and recently developed Oil and Gas exploration and power production technologies.  “We are developing several clean energy projects across the U.S. including the GenaSys-1 location near Denver, and are currently working on securing project funding via Power Purchase Agreements,” said Jim Hollis, COO of GTI.  “Unlike other emerging geothermal approaches, GenaSys technology is extremely pragmatic and has a very short time to market.  Barring any unforeseen circumstances, we will be producing power within two years.”

 

About Denver7:
Founded in 1953 and acquired by the E.W. Scripps Company in 2011, Denver7 has for decades been dedicated to broadcasting news and information that matters to Coloradans.  

About Geothermal Technologies, Inc.:
Geothermal Technologies (GTI) was founded in 2018 to commercialize technology that was developed at the Johns Hopkins University.  GTI’s GenaSys™ Geothermal Energy Harvesting System revolutionizes how we harness renewable energy.  GTI’s innovative technologies, when coupled with recently developed oil & gas and power generation technologies, enable the company to produce clean, renewable, low cost, baseload electricity, throughout the world, for decades to come.