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TEP's "Big-Data", Predictive-Analytics Geothermal Approach Confirmed by GeothermEx after Flow/Injection Tests completed at Nevis Geothermal Project

                                              FOR IMMEDIATE RELEASE

21 March 2018 - Hamilton, Nevis. TEP's "Big-Data" Geothermal Analytics approach was confirmed by Schlumberger-GeothermEx's team during a recently completed Flow & Injection Test. As a result of this evaluationNevis' geothermal resource is being characterized as one of the best geothermal reservoirs in the world that will not only provide resiliency and energy security to the island but have a greater impact on how the rest of Caribbean's resources will be estimated. 

Nevis' reservoir quality was initially analyzed by TEP's team (led by Bruce Cutright) utilizing a Big-Data & Predictive Analytics approach that calculated the N-3 site could supply a minimum of 10-12 MW per production well as opposed to earlier industry estimates that only estimated 3-4 MW per well. TEP's process utilizes best practices from the Oil & Gas industry that is transforming the way the geothermal industry can calculate resources for long-term sustainability. TEP's approach has shown to be more accurate, saves up-front capital that is usually spent on exploration and streamlines the development process by 2-3 years. Today's 3rd-party confirmation by Schlumberger's GeothermEx team confirms TEP's methodology regarding the quality of Nevis' geothermal reservoir. 

GeothermEx says its findings confirm the requisite temperature and flow necessary for a sustainable supply of geothermal energy on Nevis and the reservoir has been classified as high-grade commercial quality. 

During the injection test (to test the level of permeability) the team  encountered no resistance indicating an extremely permeable and large reservoir. Temperatures were recorded at 492F (255 C) at a depth of approximately 3,000’ and the company anticipates drilling the production wells to 4,000’.

When compared to the traditional "hot-spot" geothermal methodology that estimates resources through the use of only a test well, TEP's predictive analytics methodology has resulted in greater accuracy to calculate the potential of the island of Nevis. In other parts of the world, TEP's data-driven approach has resulted in an ever-expanding map of the earth's interior fluid that is much more widely available than previously thought. This methodology lowers risk and increases accuracy. For St. Kitts and Nevis, TEP's team predicted a very high-grade of commercial quality resource that not only can be used as base-load electricity for Nevis but can be exported to other islands.

 

 

For Further Information: 

Please Visit www.cleanpowernevis.com 

 

Thermal Energy Partners

Media Relations

Bruce Cutright

T (904)233-3335

www.ThermalEP.com

RENEWABLE ENERGY WORLD - THERMAL ENERGY PARTNERS SECURES PPA FOR FIRST OF FOUR CARIBBEAN PROJECTS

 

December 1 2015 – Austin, Texas-based Thermal Energy Partners (TEP) recently signed a power purchase agreement (PPA) worth approximately $800 million for the first of four planned geothermal projects in the Caribbean. Acting through subsidiary Nevis Renewable Energy International, TEP and the Nevis Electric Company, in conjunction with the Nevis Island Administration, signed a long-term agreement for 25 years of energy supply connected to a geothermal project on the island of Nevis.

THINK GEOENERGY NEWS - NEVIS PROJECT PROCEEDING WITH PLANNED 9MW, TO BE ONLINE BY LATE 2017 

 

November 25th 2015 - In a release today, the Nevis Island Administration (“NIA”), the Nevis Electric Company Limited (“NEVLEC”) and Nevis Renewable Energy International Inc. (“NREI”) announced the signing of a long-term power purchase agreement.

U.S. DEPT OF STATE STATE DEPT APPLAUDS MODEL GEOTHERMAL POWER PURCHASE  AGREEMENT SIGNED  IN NEVIS

 

Washington, DC - November 25th 2015 – The Department of State applauds the November 20 signing of the power purchase agreement (PPA) between the consortium, Nevis Renewable Energy International (NREI), and the Nevis Electricity Company in St. Kitts and Nevis to develop geothermal resources. This project not only has the potential to provide sustainable renewable power to the entire country, but also may lead to the first inter-island electrical interconnection in the Caribbean.

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Nevis: Video Update 

Thermal Energy Partners (TEP) is a Texas-based Geothermal Energy company that provides sustainable, base load, zero carbon, renewable energy. Founded in 2010, TEP focuses on geothermal project design, finance, construction, energy production and operation of facilities upon completion. 

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