Emerson Technologies Selected for Geothermal Clean Energy Production

Rhea-AI Summary

HITA, a Belgian geothermal energy company, has partnered with Emerson (NYSE: EMR) to enhance the discovery and development of geothermal energy sources in Northern Belgium. Emerson's geological and reservoir modeling software is set to improve the safety and reliability of these projects by accurately identifying suitable drilling locations. The geothermal energy market in the EU is projected to grow significantly by 2050, driven by climate change policies. This collaboration aims to facilitate sustainable energy production through advanced modeling techniques.

Positive

• Emerson's software will reduce risks in selecting geothermal project locations.
• The partnership positions HITA to enhance the safety and reliability of geothermal energy projects.
• Growing geothermal energy sector in the EU, expanding opportunities for EMR.

Negative

• None.

Geological modeling software will help HITA increase safety and reliability of sustainable geothermal energy sources

BRUSSELS--(BUSINESS WIRE)-- HITA, a deep geothermal energy company in Belgium, has selected global software and technology leader Emerson (NYSE: EMR) as a key technology provider in the discovery and development of geothermal energy sources in Northern Belgium. Emerson’s geological and reservoir modeling software will help reduce risk in selecting locations for renewable geothermal energy projects, increasing the safety and reliability of construction and operation while enabling long-term sustainable energy production from the earth’s heat.

Climate change policies are driving growth of geothermal energy—an industry forecasted to grow as much as eightfold in the European Union by 2050, according to the International Renewable Energy Agency. Emerson’s geological modeling software will help HITA locate the most suitable subsurfaces for drilling deep geothermal wells to unlock sustainable energy sources for corporate and municipal use.

“A highly accurate and realistic picture of subsurface geology is critical for the safe development of sustainable energy sources,” said Stijn Bos, chief operating officer and senior project geologist at HITA. “Emerson technologies use seismic, geologic and other data to generate detailed models that can determine the best location for geothermal plants.”

Emerson’s SKUA-GOCAD modeling software will help HITA more easily identify drilling locations by creating highly realistic models designed for easy interpretation.

“Geological exploration and production software, including Emerson’s SKUA-GOCAD modeling software, has traditionally been used in the oil and gas industry. But it’s also well suited for geothermal energy, as well as carbon capture and storage,” said Mark Bulanda, executive president of Emerson’s Automation Solutions business. “Emerson’s advanced, science-based applications will help move society toward a safer and more sustainable future.”

For more information about Emerson’s exploration and processing software solutions, please visit www.emerson.com/skua-gocad.

About Emerson

Emerson (NYSE: EMR), headquartered in St. Louis, Missouri (USA), is a global technology and engineering company providing innovative solutions for customers in industrial, commercial, and residential markets. Our Automation Solutions business helps process, hybrid, and discrete manufacturers maximize production, protect personnel and the environment while optimizing their energy and operating costs. Our Commercial and Residential Solutions business helps ensure human comfort and health, protect food quality and safety, advance energy efficiency, and create sustainable infrastructure. For more information visit Emerson.com.

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View source version on businesswire.com: https://www.businesswire.com/news/home/20220221005292/en/

For Emerson

Denise Clarke

512.587.5879

denise.clarke@fleishman.com

Source: Emerson

FAQ

What is the significance of the partnership between HITA and Emerson (EMR)?

The partnership aims to improve the safety and reliability of geothermal energy projects in Northern Belgium using advanced geological modeling software from Emerson.

How will Emerson's software benefit HITA in geothermal energy exploration?

Emerson's geological modeling software will help HITA identify the best drilling locations, reducing risks and enhancing project outcomes.

What market growth is expected for geothermal energy in the EU by 2050?

The geothermal energy market in the EU is forecasted to grow as much as eightfold by 2050, driven by climate change policies.

What technology will Emerson provide to support HITA's geothermal projects?

Emerson will provide geological and reservoir modeling software designed to enhance the discovery of suitable geothermal energy sources.