PEDL Joins Forces With Teverra To Spearhead Decarbonized Energy Innovations

In a significant move towards advancing decarbonization in the energy sector, the Permian Energy Development Laboratory (PEDL) has teamed up with Teverra, a company specializing in subsurface energy technology. This partnership highlights a mutual commitment to developing innovative energy solutions that benefit both the communities in the Permian region and the broader U.S. economy by steering it towards sustainability.

Recent achievements have set the stage for this collaboration. Teverra secured a contract with Colorado this month to perform an extensive analysis of the state's geothermal resources. Additionally, the company was awarded a multi-year contract by the federal defense department last year to initiate a geothermal project at Fort Wainwright, Alaska. Teverra has also been recognized with over $5M in awards from the Department of Energy (DOE) and the National Science Foundation (NSF) for its R&D efforts and commercialization of new subsurface energy technologies.

On another front, PEDL has been actively engaging in partnerships, notably with SOLARCYCLE and the Roosevelt Firm, focusing on establishing a test facility in Yoakum County, Texas. This facility is expected to integrate various advanced energy technologies such as solar power, carbon net-negative oil production, and carbon capture utilization and storage, among others. PEDL's initiatives received a significant boost last year with a $1M National Science Foundation grant aimed at fostering regional innovation in the Permian Basin.

"Teverra's exceptional geothermal expertise is invaluable to our consortium and the U.S. advanced energy sector," stated Marilu Hastings of PEDL. "Their commitment to R&D in advanced energy is perfectly aligned with our goals for the Permian communities."

Hamed Soroush, Founder and CEO of Teverra, expressed enthusiasm about the partnership, noting the critical juncture at which the energy sector finds itself with increasing focus and investment in advanced energy technologies. "Our collaboration with PEDL marks a significant step towards realizing an advanced, decarbonized energy economy," he said.

The partnership between PEDL and Teverra is set to focus on several key projects including subsurface energy storage design and development, geothermal resource assessment, geomechanics, carbon capture utilization and storage, and hydrogen storage. By combining PEDL's extensive research network with Teverra's expertise in subsurface technologies, this alliance aims to catalyze significant innovations within the energy landscape.

For further details on PEDL and Teverra's innovative endeavors, visit their websites at https://pedl.tech and www.teverra.com.