Press Releases
Transitional Energy Successfully Produces Geothermal Energy at Oil and Gas Well
Denver, Colo. (May 19, 2022) – Transitional Energy — a majority women-owned, Indigenous-led geothermal technology and development company that turns oil and gas waste streams into renewable energy — today announced it has successfully generated electricity at an oil field in Nevada. Transitional Energy raised 100 percent of the capital for the initial pilot, making it the first company to produce geothermal energy at an oil site using private funding. The field where the pilot is taking place will be part of a larger project later this year using Transitional Energy technology and funded by a U.S. Department of Energy Geothermal Technologies Office Wells of Opportunity grant.
Leveraging the team’s oil and gas heritage, proprietary technology and innovative processes, Transitional Energy generated the renewable electricity from an oil and gas well operated by Grant Canyon Oil and Gas LLC. The energy is used to power a portion of Grant Canyon’s operations at the oil field, reducing total greenhouse gas emissions from their operations.
“It’s exciting to see the success of this pilot project, as it opens up a world of untapped possibility for geothermal energy development in the United States,” said Salina Derichsweiler, Co-Founder and Chief Executive Officer of Transitional Energy. “Just as the world is on a journey to a cleaner energy future, so are we. Transitional Energy’s initial goal with this pilot was to prove we could produce geothermal energy at an oil and gas site, and we’ve accomplished that. Next up is to optimize our operations for even greater results and scale them to provide an immediate solution that helps bridge the gap between fossil fuels and intermittent renewable energy.”
In addition to working closely with Grant Canyon Oil and Gas, Transitional Energy is collaborating with ElectraTherm, an Atlanta-based global leader in engineering low temperature waste heat recovery solutions.
“We are thrilled with the results of this pilot project and happy to see the success of our geothermal equipment,” said Matt Lish, Managing Director at ElectraTherm. “We look forward to working with Transitional Energy to bring this technology to the oil and gas industry and further our shared goal of reducing carbon emissions and increasing availability of baseload, renewable energy.”
Transitional Energy’s approach permits the company to develop geothermal energy in lower-temperature zones, unlike traditional geothermal development, which is restricted to hot spots in the Western U.S. The low-temperature capability, combined with its low-capital approach by leveraging completed, operational and abandoned oil and gas wells to create a hybrid energy source, makes deployment opportunities more cost-effective and abundant than traditional geothermal energy development, while helping oil and gas operators reduce their carbon footprint and generating renewable baseload energy for the grid.
Transitional Energy’s mission is to provide affordable and abundant energy that bridges the gap between fossil fuels and renewable energy. It has identified more than 1 million wellbores in the United States that have geothermal development capabilities.
About Transitional Energy
Transitional Energy, based in Denver, is the first majority women-owned and Indigenous-led geothermal energy developer in the United States, turning oil and gas waste streams into baseload renewable electricity. Transitional Energy’s unique processes and proprietary technology will permit the company to develop geothermal energy in lower-temperature zones. Transitional Energy leverages a combined 100 years of experience in oil and gas and a deep understanding of subsurface geology to integrate into existing wellpad operations while providing a service that allows operators to produce a hybrid energy source that reduces their carbon footprint and generates renewable energy for the grid. Learn more at www.transitionalenergy.us
About ElectraTherm
Headquartered in Flowery Branch, Georgia, ElectraTherm provides industry-leading heat recovery solutions utilizing the Organic Rankine Cycle (ORC) along with proprietary technologies to convert sources of low temperature heat – such as waste heat and micro geothermal – into clean electricity, ready immediately. Our simple and effective solutions use hot water as fuel – increasing energy efficiency, reducing operating costs, and decreasing overall emissions – with no additional fuel consumption or emissions. Our commercially proven low temperature ORC systems utilize heat sources as low as 70°C to generate up to 150 kWe of clean electricity.
Supported by BITZER, the world’s largest independent manufacturer of refrigeration compressors, ElectraTherm is able to continuously develop industry-leading ORC heat recovery solutions such as our heat to power system, the Power+ Generator, and our net-zero cooling to power system, the Active Cooler. This partnership provides ElectraTherm the vast resources needed to provide world-class services and global support. Having shipped over 100 ORC systems to over 13 countries (with dozens more scheduled) achieving over 2,000,000 hours of operation, we are a global leader in low temperature waste heat recovery.
UNITED POWER AND TRANSITIONAL ENERGY SIGN LETTER OF INTENT TO DEVELOP GEOTHERMAL RESOURCES
February 16, 2022, [Denver, Colorado and Brighton, Colorado] – Transitional Energy, a geothermal development company, joined Brighton-based United Power to announce that they have signed a Letter of Intent to develop a dispatchable energy pilot program. The program will focus on geothermal resources from oil and gas operations located in the electric cooperative’s service territory.
United Power provides electric service to multiple oil and gas operations in Colorado’s DJ Oil Basin. Transitional Energy’s program will use geothermal energy to generate dispatchable baseload electric power. The program may be used with both operational and abandoned wells to capture and convert what would otherwise be waste geothermal energy to electricity.
Many oil and gas operators use traditional electric service to power drilling rigs and other well pad equipment. Through this partnership, United Power and Transitional Energy will be able to provide a unique solution that can convert oil and gas operations using traditional electric service to facilities powered by up to 100% geothermal resources. Owner-operators of wells in the United Power service territory would work directly with Transitional Energy to utilize the technology to offset their energy purchases while reducing their greenhouse gas footprint.
Transitional Energy was founded in Colorado and is partially funded by a grant from the Colorado Office of Economic Development and International Trade. Taking advantage of the team’s oil and gas expertise as well as emerging advancements in Organic Rankine Cycle technology for heat recovery, Transitional Energy will tap into the geothermal potential of thousands of wellbores within the DJ Basin. Reuse of existing wells and infrastructure is a capital-efficient way to use the heat beneath our feet. This pilot program compliments the many innovative energy investments United Power has made in renewable energy projects in its territory.
“United Power is excited to work on this innovative pilot project,” stated Dean Hubbuck, United Power’s Chief Energy Resources Officer. “Utilizing clean, economical geothermal energy to provide local power that can be dispatched when needed is a critical component of our growing energy portfolio. Geothermal energy represents a huge untapped renewable resource that can reduce our reliance on power from other traditional sources.”
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Transitional Energy
Transitional Energy is a geothermal development company based in Denver. The company is majority women owned and Native led. With deep expertise in subsurface engineering, facilities engineering and geology, Transitional Energy is passionate about a clean energy future and utilizing existing oil and gas wells and infrastructure to generate geothermal energy. Learn more at www.transitionalenergy.us.
About the United Power
United Power is a member-owned, not-for-profit electric cooperative, delivering electricity to homes, farms and businesses throughout Colorado’s northern front range. The cooperative is one of the fastest-growing electric cooperatives in the nation, and in June 2021 joined the elite ranks of cooperatives serving more than 100,000 meters. The 900-square mile service territory extends from the mountains of Coal Creek and Golden Gate Canyon, along the I-25 corridor and Carbon Valley region, to the farmlands of Brighton, Hudson, and Keenesburg. United Power is also a founding member of the NextGen Cooperative Alliance, dedicated to expanding the power supply and procurement options and reforming the traditional generation and transmission business model. For more information about the cooperative, visit www.unitedpower.com or follow them on social media Facebook, Twitter, LinkedIn, YouTube and Instagram.
TRANSITIONAL ENERGY AWARDED $2.5M DOE GRANT TO CONVERT OIL WELLS INTO GEOTHERMAL ENERGY PRODUCERS
January 14, 2022, [Denver, Colorado] – Transitional Energy, a geothermal development company, announced that it was selected to receive a $2,500,000 award from the U.S. Department of Energy Geothermal Technologies Office (GTO) to support the transition of hydrocarbon wells into geothermal wells, helping to advance the Biden-Harris Administration’s goals of net-zero carbon emissions by 2050 and a carbon-free grid by 2035. This project will install state-of-the-art, American-made geothermal heat engines at Blackburn Oilfield in Nevada for electrical power production.
The goal of the project is to generate up to 1MW of renewable, baseload power from an operating oil field located in Nevada. The power will be used to replace diesel generation and grid power to operate the field and lower total greenhouse gas emissions. In addition, electric vehicle charging stations will be installed to help with filling the gaps in rural, disadvantaged, and hard-to-reach locations.
“We are excited to be working with Transitional Energy. They are a group of forward-thinking professionals who understand the need and efficiency of integrating geothermal with hydrocarbons.” said Michael O’Neal, President of Grant Canyon Oil & Gas. “We look forward to implementing this innovative technology to cut our electrical costs, increase the production and extend the life of our assets. Our EOR projects in Nevada move a significant amount of water, so we are delighted to be a part of enhancing the beneficial use of this water. We believe that this project with Transitional will possibly develop into several projects as we move forward and will mesh well with our ESG goals.”
The successful pilot of oilfield geothermal at Blackburn field will build a roadmap for co-production and oilfield transition to baseload, renewable power. Reuse of existing wells and infrastructure is a capital-efficient opportunity to use the heat beneath our feet for the common good. This is particularly advantageous for hitting federal, municipal, and utility-based renewable energy portfolio goals and providing local renewable power for electric vehicle charging infrastructure, particularly in rural areas.
“With key partners Grant Canyon Oil & Gas, Electratherm, and the National Renewable Energy Lab, this project will be the a great demonstration of the thermal potential of oil and gas wells for power generation,” said Johanna Ostrum, Chief Operating Officer, Transitional Energy LLC.
GTO selected Transitional Energy as a part of its efforts to generate clean, renewable geothermal energy from existing idle or unproductive hydrocarbon wells. Through this work, Transitional Energy will help untap the potential of geothermal energy.
Reusing orphan and end-of-life wells for geothermal heat and power involves the same skill sets that current oil and gas professionals, whether in the office or in the field, and whether that’s in the subsurface or on surface in wellbores and facilities. The adaptation of wells to geothermal use can provide a just transition for a highly skilled workforce that would otherwise need to find more indirect applications for their skills—and keep that expertise local.
About Transitional Energy
Transitional Energy is a geothermal development company located in Denver, Colorado. The company is majority women owned and Native lead. With deep expertise in subsurface engineering, facilities engineering, and geology, Transitional Energy is passionate about a clean energy future and utilizing existing wells and infrastructure to generate geothermal energy. Learn more at www.transtionalenergy.us
About the Geothermal Technologies Office
The U.S. Department of Energy Geothermal Technologies Office researches, develops, and validates innovative and cost-competitive technologies and tools to locate, access, and develop geothermal resources in the United States. Learn more at energy.gov/eere/geothermal.
TRANSITIONAL ENERGY TO PRESENT AT THE ENERGY VENTURE INVESTMENT SUMMIT
AURORA, Colorado (February 2, 2021) – Transitional Energy, a geothermal energy startup, today announced its Chief Executive Officer, Salina Derischweiler, will present at The Energy Venture Investment Summit presented by EnerCom and Colorado School of Mines on Wednesday, February 10, 2021 at 9:45-10:05 a.m. MST.
The presentation will be available to registrants of the event. There is no cost to attend the live presentation and post-presentation Q&A. Replays of the event will be available to subscribers of EnerCom’s Oil & Gas 360 news website at www.oilandgas360.com.
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About Transitional Energy
Transitional Energy is a geothermal development company located in Denver, Colorado. The company is majority women owned and Native lead. With deep expertise in subsurface engineering, facilities engineering, and geology, Transitional Energy is passionate about a clean energy future and utilizing existing wells and infrastructure to generate geothermal energy. Learn more at www.transtionalenergy.us
About EnerCom
EnerCom (Energy Communications) has a rich history of working with clients to differentiate and deliver targeted messages to investors. EnerCom, Inc. is an internationally recognized management consulting firm advising companies on Environmental, Social & Governance (ESG), investor relations, corporate strategy/board advisory, marketing, analysis and valuation, media, branding, and visual communications design.
About Colorado School of Mines
Colorado School of Mines is a public university focused on science and engineering, dedicated to educating and inspiring students, advancing knowledge, and innovating to address the great challenges society faces today—particularly those related to the Earth, energy and the environment.
For additional information please contact:
Johanna Ostrum
Chief Operating Officer
Transitional Energy, LLC
FORWARD-LOOKING STATEMENTS
The information set forth herein is for information purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities. Any such offer will be made only pursuant to the Company’s offering documents. Certain information set forth in this presentation contains “forward-looking statements” ) including, but is not limited to, the (i) projected financial performance of the Company; (ii) the expected development of the Company’s business, projects, and joint ventures; (iii) the Company’s vision and growth strategy; (iv) completion of the Company’s projects. These statements are not guarantees of future performance and necessarily involve known and unknown risks and uncertainties and may not be relied upon. The Company undertakes no obligation to update forward-looking statements if circumstances or management’s estimates or opinions should change except as required by applicable securities laws.
TRANSITIONAL ENERGY RECEIVES CCIA’S 2020 EMERGING CLEANTECH COMPANY AWARD
AURORA, Colorado (December 8, 2020) – Transitional Energy is pleased to announce it has received the 2020 Emerging Cleantech Company Award from the Colorado Cleantech Industries Association (CCIA).
“Congratulations to the Transitional Energy team for winning the 2020 Emerging Cleantech Company Award. Transitional Energy's vision of transitioning the energy grid from fossil fuels to renewable energy by recycling existing oil and gas wellbores into clean power generators is a vision CCIA is excited about. Their unique solution has the potential to be applied to thousands of existing wells across the nation. This recognition, in addition to recently receiving OEDIT’s Advanced Industry grant, shows this is a company on the move.” - Helen El Mallakh, Executive Director of Colorado Cleantech Industries Association
About Transitional Energy
Transitional Energy is a geothermal development company located in Denver, Colorado. The company is majority women owned and Native lead. With deep expertise in subsurface engineering, facilities engineering, and geology, Transitional Energy is passionate about a clean energy future and utilizing existing wells and infrastructure to generate geothermal energy. Learn more at www.transtionalenergy.us
About Colorado Cleantech Industries Association
Founded in 2008, CCIA impacts Colorado’s policies, people, products, and programs that drive expansion of a cleaner, cheaper, more efficient, and secure energy economy. Through advocacy, public policy leadership, development, and education, CCIA works to ensure that Colorado is a global cleantech leader.
For additional information please contact:
Johanna Ostrum
Chief Operating Officer
Transitional Energy, LLC
FORWARD-LOOKING STATEMENTS
The information set forth herein is for information purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities. Any such offer will be made only pursuant to the Company’s offering documents. Certain information set forth in this presentation contains “forward-looking statements” ) including, but is not limited to, the (i) projected financial performance of the Company; (ii) the expected development of the Company’s business, projects, and joint ventures; (iii) the Company’s vision and growth strategy; (iv) completion of the Company’s projects. These statements are not guarantees of future performance and necessarily involve known and unknown risks and uncertainties and may not be relied upon. The Company undertakes no obligation to update forward-looking statements if circumstances or management’s estimates or opinions should change except as required by applicable securities laws.
TRANSITIONAL ENERGY RECEIVES $500,000 ADVANCED INDUSTRIES GRANT
AURORA, Colorado (November 19, 2020) – Transitional Energy is pleased to announce it has received a $500,000 Advanced Industries Grant from the Office of Economic Development and International Trade (OEDIT). OEDIT provides these grants to proof-of-concept and early stage companies to support the commercialization of innovative technologies and products that support the Colorado economy. Transitional Energy will use these funds to support the development and conversion of oil and gas wellbores and associated infrastructure into geothermal power generation facilities. Oil and gas production has long been a key industry underlying Colorado’s economic growth. As the state shifts to renewable power generation, Transitional Energy will utilize existing energy assets and provide a just transition for the associated workforce from fossil fuels to renewable energy.
“This grant provides meaningful funds to Transitional Energy to successfully execute our Phase 1 Site Selection Test. The information we learn during this phase will accelerate our business to commercial, grid-scale, low-temperature geothermal power generation. Colorado's abundance of existing wellbores, available workforce, and a supportive regulatory environment make it the optimal state for us to develop this new renewable energy resource.” – Salina J. Derichsweiler, Co-Founder and CEO of Transitional Energy
From the OEDIT: “The AI Accelerator Grant program received 100 applications this grant cycle. Applications were reviewed by committees of business, technical and financial experts, as well as an industry-specific reviewer. 24 companies were invited to participate in a pitch session in October with the full AI committee. Final recommendations were approved by the Economic Development Commission on November 19, 2020.”
About Transitional Energy
Transitional Energy is a geothermal development company located in Denver, Colorado. The company is majority women owned and Native lead. With deep expertise in subsurface engineering, facilities engineering, and geology, Transitional Energy is passionate about a clean energy future and utilizing existing wells and infrastructure to generate geothermal energy. Learn more at www.transtionalenergy.us
About Colorado Office of Economic Development and International Trade (OEDIT)’s Advanced Industries Grant
The Advanced Industry Early Stage Capital and Retention Grant Program funds companies using technologies developed in proof of concept grants and other early stage start-ups that have created viable products, meet a market need, and can be created or manufactured in Colorado and exported globally. The Advanced Industries include aerospace, advanced manufacturing, bioscience, electronics, energy, infrastructure engineering, and technology and information. The Colorado Office of Economic Development and International Trade administers the program with support of Colorado Advanced Industry trade associations and the state’s Economic Development Commission.
“The Advanced Industry grants expand Colorado’s vital innovation ecosystem that supports our economic growth,” said Katie Woslager Senior Manager – Advanced Industries. “These innovative companies create jobs and leverage additional investment in Colorado, and are even more important as the nation focuses on economic recovery.”
For additional information please contact:
Johanna Ostrum
Chief Operating Officer
Transitional Energy, LLC
FORWARD-LOOKING STATEMENTS
The information set forth herein is for information purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities. Any such offer will be made only pursuant to the Company’s offering documents. Certain information set forth in this presentation contains “forward-looking statements” ) including, but is not limited to, the (i) projected financial performance of the Company; (ii) the expected development of the Company’s business, projects, and joint ventures; (iii) the Company’s vision and growth strategy; (iv) completion of the Company’s projects. These statements are not guarantees of future performance and necessarily involve known and unknown risks and uncertainties and may not be relied upon. The Company undertakes no obligation to update forward-looking statements if circumstances or management’s estimates or opinions should change except as required by applicable securities laws.