News
Sep 16, 2009Borealis Co-Production Project Approved for $2.6m in Funding from AERI - Seeks Oil & Gas Partnership
CanGEA member, Borealis GeoPower, has had “The Borealis Project” approved by the Alberta Energy Research Institute (AERI) under the Clean Air and Climate Change: Technology and Innovation Program. The project goal is to research the effective utilization of geothermal energy from deep oil and gas wells in the Canadian Foothills for the production of electrical power.
After a rigorous evaluation process dating back to late 2008, Borealis was recently approved for $2.6 million in project funding. This innovative renewable energy project was one of the few geothermal energy projects accepted by the AERI program and Borealis is looking forward to partnering with an oil and gas partner to make this project a reality.
For more information about their Co-Produced Fluid Projects please visit the Borealis project webpage.
