Company News

TEP Signs Agreement to Co-Locate Geothermal Power with Raven Petroleum for "The Cleanest Refinery in the World".

 

                                                                            FOR IMMEDIATE RELEASE

San Antonio, TX - Feb 4th, 2017

Raven Petroleum is moving forward with plans to build a refinery in deep South Texas after tapping a general contractor to build it and a a company to provide 100 percent green power it and send emissions deep underground. The Woodlands-based company has chosen Houston-based general contractor BASIC Equipment to handle the proposed refinery's engineering procurement and construction needs, while Austin-based geothermal company Thermal Energy Partners will provide 100 percent renewable power, desalination and carbon sequestration capabilities. 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Raven Petroleum Managing Director Christopher Moore was at the South Texas Energy & Economic Roundtable office in San Antonio on Wednesday afternoon to sign memorandums of understanding with representatives from both companies to move the proposed project forward. "We're willing to go the extra mile, the extra effort and expense to create a model refinery with the latest technology available to accomplish our goal of being the cleanest refinery … period," Moore said.

 

Last year, Raven Petroleum announced plans to build an $500 million refinery off State Highway 359 near Hebbronville, TX. Moore told the Business Journal that his company expects to file an application for a Texas Commission on Environmental Quality permit at the end of the first quarter. The company chose BASIC Equipment and Thermal Energy Partners (TEP) to address safety and environment "This not only addresses many of the local environmental concerns, but also our concerns," Moore said.

 

BASIC Equipment President and CEO Thomas Balke said his company has helped to build multiple refineries and that the Raven Petroleum project will include a number of safety features. "We've got a lot of experience with containment in our designs," Balke said. "The designs we'll be working will have concrete and sealed containments. If there is a spill, it will be recovered and pumped back into a tank so it can be reprocessed. We won't be excavating and cleaning dirt, we'll have everything in the containers.

 

The proposed refinery's site is in a "sweet spot" for geothermal energy and TEP will also build and operate a desalination plant to support the project. Early cycles of geothermal power will rely on high-temperature brackish water from deep underground while later cycles will rely on the refinery’s own carbon dioxide emissions for power. Cutright's company has designed a system where the refinery’s emissions are captured and pumped deep underground where carbon dioxide will become "supercritical" from the pressure and heat. The supercritical carbon dioxide will then be used as fuel source for the geothermal power plant’s turbines."We're excited that this is going to be in Texas to show that the carbon dioxide can be reutilized in a unique way," Cutright said.

 

"It's going to revolutionize the production of geothermal energy." South Texas Energy & Economic Roundtable President Omar Garcia said the refinery project is an example of balancing economic development with the environment. "This technology is further proof that whether you're an operator, service company or a refinery, there is a premium put on safety and the environment," Garcia said. "This is cutting-edge technology."

 

For Further Information: 

Thermal Energy Partners

Media Relations

Bruce Cutright

T (904) 233-3335

Email: bcutright@thermalep.com 

THINK GEOENERGY NEWS - NEVIS PROJECT PROCEEDING WITH PLANNED 9MW 

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.

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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.

THERMAL ENERGY PARTNERS SIGNS PPA FOR NEVIS GEOTHERMAL PROJECT

 

December 1 2015 – Austin, Texas-based Thermal Energy Partners (TEP) acting through its subsidiary Nevis Renewable Energy International (“NREI”), and the Nevis Electric Company Limited (“NEVLEC”) have signed a long-term agreement for 25 years of energy supply connected to a geothermal project on the island of Nevis..

From Left, Tommy Balke, CEO of BASIC Equipment with Christopher Moore, Managing Director of Raven Petroleum and TEP Chief Business Development Officer, James Jackson

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.

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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