Controlled Thermal Resources is a multi-faceted Development and Electricity Generation Company with expertise in the fields of engineering, capital markets and asset management with long term growth.
Controlled Thermal Resources and its wholly owned subsidiaries have developed a patented geothermal deep well closed loop heat extraction system that substantially enhances from current methods the extraction of controlled high quality working steam, without contaminates.
The combination of this technology applied to geothermal energy development projects is projected to yield electricity production rates competitive with existing fossil and fissile fuel based power stations whilst minimising environmental impacts associated with carbon emissions and reservoir fracking.
CTR has secured a site and is reviewing further sites with plans to develop a Geothermal Project on the Salton Sea in Imperial County, California, USA. The power plant shall be developed to produce 20MW (Net power production capacity) in stage one with an ultimate output of 49.9MW in the next stage.
The Salton Sea Geothermal Project has been designed to provide power to its counter-part in a negotiated Power Purchase Agreement ("PPA") for a period of 20 years (with an option for an additional 10 years). The expected plant project life is estimated to be well in excess of 30 years.
The Salton Sea is well known for its accessible shallow geothermal resources. The combination of low elevation, thin earth crust and seismic activity enables the Imperial Valley to generate 20% of all the geothermal energy produced in the United States. The 16 geothermal plants in the area produce over 530 megawatts of electricity. It is anticipated that the Salton Sea geothermal field may contain an additional 2,000 megawatts of commercial development potential.
In addition to energy to generate electricity, the vast geothermal resources in the Imperial Valley include geothermal fluids rich in several economically valuable metals including lithium, manganese and zinc. Recently Forbes magazine outlined the current opportunities in an article; Lithium: The New California Gold Rush. CTR is currently working with a Lithium company to commercialise this by-product.
Controlled Thermal Resources proposed Salton Sea Geothermal Project is poised to be a world-first breakthrough in new extraction technology to produce low carbon energy production on a utility grade and scale.
Controlled Thermal Resources Pty Ltd is an Australian based private company with 2 wholly owned subsidiaries:
- Controlled Thermal Resources (US) Inc.; based in the USA for US based renewable energy resource developments; and
- Controlled Thermal Technologies Pty Ltd; based in Brisbane, Australia, which holds the patents for the in-ground heat exchanger technology.
"Controlled Thermal Resources is aiming to produce electricity at a rate competitive with new conventional fossil fuel-fired power plants whilst minimising environmental impacts associated with Carbon (C02) emissions and reservoir fracking."
Rod Colwell, Founder