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Memorandum of Understanding between ELCEN and Sage Geosystems regarding use of geothermal resources

August 22, 2024

Electrocentrale Bucuresti (ELCEN) signed on Tuesday a Memorandum of Understanding (MoU) with Sage Geosystens Incorporated, a US company that develops geothermal energy exploitation and storage technologies, in order to carry out a feasibility study on the implementation of geothermal resource utilization technologies within the centralized heating system in Bucharest.The Memorandum of Understanding was signed by the general director of ELCEN, Claudiu Cretu, in the presence of the secretary for Energy of the United States of America, Jennifer Granholm, and the minister of Energy, Sebastian Burduja, on the sidelines of the P-TECC Ministerial Business Forum Business - Transatlantic Partnership for Energy and Climate Cooperation), event organized by the Ministry of Energy in partnership with the US Department of Energy on July 23-24 in Bucharest.According to a press release sent to AGERPRES, through this MoU, ELCEN will facilitate access to relevant data and the necessary infrastructure in order to carry out the feasibility study and will contribute with technical expertise and operational knowledge specific to the centralized heating system at the level of the Municipality of Bucharest. Sage Geosystems will carry out the technical and geological analysis and the feasibility study regarding the geothermal energy use solution.The benefits of this collaboration are aimed at ensuring sustainability, innovation and efficient economic solutions regarding the future of centralized heating in the Bucharest City. This approach is in full accordance with the national and European objectives regarding the transition to sustainable energy.According to the source, for ELCEN the long-term stake is the integration of renewable technologies in the process of producing electricity and thermal energy. The exploration of the integration potential of geothermal energy comes in the context of the existence of geothermal resources on almost the entire surface of Bucharest, especially in its northern part. Geothermal energy is already successfully used for this purpose in the western area of Romania.

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