Solar EOR Firm Looks To Heat Up the Competition

Topics: Asset/portfolio management Social responsibility/sustainability
Source: Solarlite.
These thin mirrors are a technology looking for a new home, which happens to be enhanced oil recovery fields in the Middle East and US.

German startup Solarlite is trying to do two things for oil companies: make steam, and make it cheap. Founded in 2004, the firm specializes in manufacturing concentrated solar power (CSP) systems that have mainly been used for small-scale electricity generation.

But that application is being squeezed by another solar energy technology, photovoltaics (PVs), and so the company is now looking at enhanced oil recovery (EOR) for its future business.

“The price of PVs has declined so dramatically that, at least for power generation, people question if CSP can actually survive,” said Steven Geiger, director of business development for Solarlite. “Our idea is to basically use the sun to produce heat, or steam in this case, and escape the competition from PVs.”

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Solar EOR Firm Looks To Heat Up the Competition

Trent Jacobs, JPT Digital Editor

01 August 2017

Volume: 69 | Issue: 8