CRITERION ENERGY PARTNERS PRESENTS “GEOTHERMAL EVERYWHERE” STRATEGY AT THE 23RD WORLD PETROLEUM CONGRESS
DECEMBER 5, 2021 - Criterion Energy Partners Co-Founders, Sean Marshall and Danny Rehg are set to present the company’s strategy for deploying widespread enhanced geothermal systems to a global audience at the 23rd World Petroleum Congress, which takes place December 5-9 at the George R. Brown Convention Center in Houston, Texas.
Criterion Energy Partners will take the stage on Wednesday, December 8 at 9:20am in the Innovation Zone sponsored by ConocoPhillips. This inaugural presentation of Criterion Energy Partners at the World Petroleum Congress comes at a pivotal time for the industry, as stakeholders and policymakers worldwide seek strategies for meeting the world’s energy demand while reducing its exposure to carbon emissions.
The magnitude of the event is described in its own press release, "The World Petroleum Congress is the world's premier oil and gas forum, and it took significant time and effort to bring it to the United States and Houston. The Congress is expected to attract more than 50 ministers, 700 expert speakers, 1,000 media and 10,000 attendees from around 100 countries. It will also feature the World Petroleum Exhibition in the 50,000 square meter venue in the compact downtown Houston campus.”
Presenting sponsors of the event include world renowned firms, Accenture, Baker Hughes, BP, Chevron, ConocoPhillips, ExxonMobil, Halliburton, Hess Corporation, Qatar Petroleum, and Saudi Aramco.
ABOUT CRITERION ENERGY PARTNERS
Criterion Energy Partners is an exploration and production company developing distributed energy projects to help customers reduce emissions and improve operating efficiency using heat from the earth. The company’s mission is to create a more sustainable future by making geothermal energy projects commercially viable everywhere. Key to its strategic advantage are Criterion Energy Partners’ team of managers, associates, and advisors with extensive experience in Business Development, Finance, Legal, Drilling & Completions, Subsurface Engineering, Geology, Geophysics and Data Science. Criterion Energy Partners touts value creation through its business model and tangible measurements, including (i) Emissions reductions (ii) Power reliability (iii) Long term cost stability, and (iv) Weather resiliency. Criterion Energy Partners participated in the inaugural cohort of the Rice Alliance Clean Energy Accelerator Program and are also partnered with the University of Oklahoma to research and develop new geothermal technologies.
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The Rice Alliance Clean Energy Accelerator culminated in a Demo Day on September 16th from 1 - 4 pm CST. The event showcased the 12 start-ups who participated in the inaugural class, including Criterion Energy Partners. We benefited tremendously from the program and hope YOU were able to join us.
Co-Founder Sean Marshall had the chance to pitch with six other tech focused start-ups. It was a great opportunity to present our vision and business model to an audience of over 100 participants.
Co-Founder Danny Rehg participated in a panel discussion at the Unconventional Resource Technology Conference. The session focused on synergies and know-how that the oilfield can bring in developing the geothermal industry.
We're very excited to have been selected as part of Class 1 for the Rice Alliance Clean Energy Accelerator. Through a robust curriculum, custom mentor relationships and targeted corporate and investor introductions, the 12-week program will prepare us to quickly accelerate our business, launch pilots and fundraise.
We partnered with Xrathus and AAPG to create a geothermal lease evaluation challenge. Upon completion of this challenge, we will be able to determine the commercial prospectivity of our lease for geothermal development.
Criterion Energy Partners participated in the Rice University Lilie Lab Idea Launch, which provided them with valuable feedback as they worked to grow their team and began to form partnerships.
The Co-Founders acquired a lease near an existing hydrothermal field and close to the site of the DOE FORGE project, a dedicated site where engineers are able to develop and test breakthroughs in enhanced geothermal system technologies.