Sage Geosystems’ collaboration with ABB aims to advance geothermal power technology and energy efficiency as part of a low-carbon transition.
Sage Geosystems, a growing player in the renewable energy sector, has taken a significant step forward in advancing geothermal power technology through a preliminary partnership with ABB. This collaboration aims to enhance low carbon energy storage and power generation capabilities, expanding the reach and effectiveness of geothermal energy solutions.
The announcement follows Sage Geosystems’ agreement with tech giant Meta to provide geothermal energy for a project located east of the Rocky Mountains. The partnership with ABB is designed to bolster this initiative, with a focus on integrating advanced automation, electrification, and digital technologies at geothermal sites. The goal is to maximise energy efficiency and reliability, two critical factors for the success and scalability of geothermal power generation.
Per Erik Holsten, president of ABB Energy Industries, emphasised the importance of collaborative efforts in advancing geothermal energy technologies. “To be able to exploit the potential of geothermal energy to enable a low-carbon society, we need cross-industry collaborations to drive advancements in the technology,” he stated, illustrating the interconnected nature of modern energy solutions.
This partnership highlights a growing trend in the renewable energy sector, where synergies between different industries are increasingly being leveraged to develop more effective and sustainable energy solutions. The integration of sophisticated technologies from ABB is expected to enhance the operational capabilities of Sage Geothermal’s projects and contribute to broader efforts aimed at transitioning to a low-carbon economy.
Geothermal energy is set to build on the current 0.3 percent market share of the world’s power supply, according to Rystad Energy. Installed geothermal capacity stands at 16.8 GW worldwide currently, but this is expected to reach 28 GW by 2030 and upwards of 110 GW by 2050. The market growth trajectory is expected to attract investments totaling over $120 billion between now and 2035.
