Under the new agreement, Halliburton will conduct a subsurface feasibility study to help accelerate the deployment of EAPOSYS Advanced Geothermal Systems (AGS), to help contribute to the industrialisation of EAPOSYS’ engineering and well design.
The study will also be followed by site-related geothermal and stratigraphic considerations to minimise drilling risk, and advance the EAPOSYS scalable well design.
Naomi Vouillamoz, CEO and Co-Founder of EAPOSYS, said, “EAPSOSYS SA, a start-up based in Biel/Bienne, has developed an innovative, patented, closed-loop architecture to deploy AGS anywhere in the world.
“AGS offers essential qualities for an affordable and sustainable energy future with unique advantages.”
Some of the advantages of the systems include enhanced predictability in controlling energy output; longer durability; higher efficiency; and limited environmental impact.
The initial applications for EAPOSYS AGS will be district heating for communities and municipalities, industrial heat for sectors including greenhouses, food and beverage, and manufacturing.
“Energy is at the core of every human society: guarantee of supply, sustainability, affordability, and energy as a common good is an essential ethical attribute which EAPOSYS AGS strives to contribute to,” Vouillamoz concluded.