- Funding from US Dept of Energy announced at National Geothermal Conference in Reno, Nevada.
- Enel teaming with Massachusetts Institute of Technology (MIT) and New England Research on project.
Andover (MA), October 10, 2008 Enel North America along with its partners at the Massachusetts Institute of Technology and New England Research have been awarded funding totalling up to $1,019,769.00 from the United States Department of Energy under a grant opportunity for research, development and demonstration of Enhanced Geothermal Systems (EGS) for next generation geothermal energy technologies.
The aim of the research is to apply geophysical techniques for reservoir and fracture characterization in Enels North American projects -- mainly at the Fort Cove Sulphurdale Geothermal Field in Utahwith the goal of discovering more geothermal resources.
Geothermal is a reliable source for generation by providing baseload capacity. There are currently 2,500MW of installed geothermal capacity in the United States. Recent studies suggest the potential for an additional 30,000MW in 13 States including Utah, Nevada and California where Enel NA has a presence.
In announcing the grant, Deputy Assistant Secretary for Renewal Energy Steve Chalk said that his office was proud to expand our private public partnerships we consider this excellent proof of the growing opportunities and interest in geothermal technology research and project development.
According to Toni Volpe, President and CEO of Enel North America, we are proud to have been selected by the Department of Energy to conduct this important research that will increase knowledge and capability in this important aspect of sustainable energy.
Enel North America
Enel North America, Inc. is a leading owner and operator of renewable energy plants in North America, with operating plants and projects under development in more than 20 States of the USA and in three Canadian provinces. For further information: www.enelnorthamerica.com.
Enel is one of the main utilities worldwide: it produces, distributes and sells power and gas to more than 52 million customers in 22 countries of Europe, North and Latin America. With about 30,000 MW plants using renewable sources (hydro, geothermal, wind, photovoltaic and biomass) Enel is one of the World leaders in the sector. For further information: www.enel.com.
Contact in the US:
Director of Corporate Affairs
Enel North America
Enel S.p.A. provides for the dissemination to the public of regulated information by using SDIR NIS, managed by BIt Market Services, a London Stock Exchange Group's company, with registered office at Milan, Piazza degli Affari, 6. For the storage of regulated information made available to the public, Enel S.p.A. has adhered, as from July 1st, 2015 to the authorized mechanism denominated “NIS-Storage”, available at the address www.emarketstorage.com, managed by the above mentioned BIt Market Services S.p.A. and authorized by CONSOB with the resolution No. 19067 of November 19th, 2014. From May 19th 2014 to June 30th 2015 Enel S.p.A. used the authorized mechanism for the storage of regulated information denominated “1Info”, available at the address www.1info.it, managed by Computershare S.p.A. with registered office in Milan and authorized by CONSOB with resolution No. 18852 of April 9th, 2014