Halliburton Selected by Sage Geosystems for Nevada Geothermal Project

MT Newswires Live11-11

Halliburton (HAL) has been selected by Sage Geosystems to provide cementing and stimulation services for Project Vector at Ormat Technologies' Blue Mountain geothermal power plant in Nevada, the companies said Wednesday.

Halliburton will provide modeling, engineering and field execution support for Sage's proprietary geothermal technology, which will deliver heat through a two-well system for conversion into electricity.

The project builds on Sage's SMECI facility and seeks to demonstrate the scalability and repeatability of its geothermal technology for commercial deployment, the companies added.

Sage said its technology uses engineered underground reservoirs designed to limit water and energy losses while improving power output.

Halliburton shares were up 2.4% in premarket activity.

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