
(Source: Shutterstock.com, Sage Geosystems)
Houston-based Sage Geosystems plans to locate its 3-megawatt geopressured geothermal system energy storage facility in Christine, Texas, having reached a land use agreement with San Miguel Electric Cooperative Inc. (SMECI).
The company said it is targeting 6- to-10-hour storage durations. The energy storage system will be paired with renewable energy to provide baseload and dispatchable power to the Electric Reliability Council of Texas (ERCOT) grid. Sage said the first-of-its-kind project, which is expected to launch later in 2024, will use Sage’s proprietary technology called EarthStore to store energy.
“Once operational, our EarthStore facility in Christine will be the first geothermal energy storage system to store potential energy deep in the earth and supply electrons to a power grid,” said Sage Geosystems Cindy Taff. “Geothermal energy storage is a viable solution for long-duration storage and an alternative for short-duration lithium-ion batteries. Electric utilities and co-ops like SMECI, will be able to use our technology to complement wind and solar, and stabilize the grid.”
The site will be located near SMECI’s lignite coal power plant in Christine, which is south of San Antonio, Texas. Sage said it will operate as a merchant, buying and selling electricity to ERCOT.
Recommended Reading
Excelerate to Buy LNG, Power Assets from New Fortress for $1.055B
2025-03-27 - Excelerate Energy will buy a New Fortress Energy’s Integrated downstream LNG and power platform in Jamaica in a $1.055 billion cash acquisition.
DNO to Buy Sval Energi for $450MM, Quadruple North Sea Output
2025-03-07 - Norwegian oil and gas producer DNO ASA will acquire Sval Energi Group AS’ shares from private equity firm HitecVision.
Nabors SPAC, e2Companies $1B Merger to Take On-Site Powergen Public
2025-02-12 - Nabors Industries’ blank check company will merge with e2Companies at a time when oilfield service companies are increasingly seeking on-site power solutions for E&Ps in the oil patch.
M&A Target Double Eagle Ups Midland Oil Output 114% YOY
2025-01-27 - Double Eagle IV ramped up oil and gas production to more than 120,000 boe/d in November 2024, Texas data shows. The E&P is one of the most attractive private equity-backed M&A targets left in the Permian Basin.
ConocoPhillips Sells $600MM in Noncore Permian Basin Assets
2025-02-06 - Following its $22.5 billion deal to buy Marathon Oil, ConocoPhillips is targeting $2 billion in asset sales— a goal a company executive said would largely be achieved this year.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.