CausewayGT, a renewable energy company founded in Ireland, and Baker Hughes have signed a Memorandum of Understanding to collaborate on geothermal projects.
The companies will work together to develop technology designed to deliver low carbon heating and cooling for commercial and industrial facilities and processes.
The work will initially be focused in the Republic of Ireland and the UK.
"This is a powerful partnership for CausewayGT as we aim to deliver sustainable geothermal heat for commercial and industrial purposes and develop technologies to expand the application of geothermal in industrial heat processes," said Niall McCormack, MD and Chief Executive of CausewayGT.
The companies also plan to deploy Baker Hughes's technology in CausewayGT’s demonstration project to supply clean heat in the West Firsby oil field operated by Europa.
If successful, the companies said the project will prove the operational ability to extract and use geothermal heat throughout Europe.
"At Baker Hughes, we know that success in geothermal development requires collaboration, and no one organization can do it all on its own," said Ajit Menon, vice president for geothermal at Baker Hughes.
"CausewayGT boasts an impressive vision to expand the utilization of geothermal energy for heating commercial buildings and industrial processes while mitigating carbon emissions.
"We support that vision, and our ability to expand the geothermal economy through these agreements and using the best technologies is a crucial step in Baker Hughes’s work to accelerate the energy transition," he added.
