FutEra leverages Alberta’s resource industry innovation and experience to create transitional power and sustainable infrastructure solutions to commercial markets and communities, both in Canada and globally
FUTERA POWER
CORPORATE STRUCTURE
Solar - Wind - Storage
Pumped Hydro
Leader in Transitioning Upstream Energy Production
FutEra is uniquely positioned to be a leader in Alberta clean power generation by evolving existing assets with new and innovative solutions
Leader in transitioning upstream energy production into power generation and sustainable infrastructure
A lower carbon future creates strong global demand for the electrification of the transportation industry
FutEra leverages its strong track record of operational expertise from upstream production to efficiently transition into new and clean revenue streams
Reduce, Reuse, Recycle
- Reduction in emissions
- No additional sites
- Operations team holds regulatory approvals allowing for shorter timelines
- Recycling/repurposing legacy hydrocarbon assets for advantaged capital cost and enhanced project economics
SWAN HILLS, AB
EXISTING POWER GENERATION
South Swan Hills Main Battery (3-19)
Proprietary Advantages
Built, Owned, and Operated 9 MW Natural Gas Power Generation Decreases Site GHG Emissions by 25%
Successfully executed with in-house expertise in 6 months
Reduced operating costs and lower emissions by transitioning from coal biased grid power to behind the fence, producer-backed natural gas power generation
- Installed 9 MW of power generation for ~$10MM (competitive $1.1MM/MW)
- Commissioned July 2018
- Current payout ~3.5 years
Established platform for future growth
- 21 MW of additional planned power generation
- Five development targets totaling 100-125 MW of power generation capability
Established Technical and Administrative Teams
Existing Infrastructure
Fuel Sources
Regulatory Permits & Existing Operations
CO-PRODUCED GEOTHERMAL NATURAL GAS HYBRID POWER PROJECT
Power Production Process Overview
FutEra is currently developing its South Swan Hills Unit co-produced geothermal and natural gas hybrid power project
- 21 MW of heat and natural gas generation
- Measurable GHG reduction with associated revenues (carbon pricing)
- Accelerated build and efficient CAPEX from repurposing existing assets with no new footprint
- “Net zero” is phase two of 15 MW of natural gas power generation with carbon sequestration under investigation
The Swan Hills project considers GHG reduction a primary project outcome – using legacy infrastructure as an energy transition project
21 MW
Reduces emissions by
31,000 tC02e/year
6,700
Reduction in emissions equates to taking 6,700 cars off the road per year
Recycle – Incremental resource recovery from high water cut wells by harvesting heat
- Hot spot in Western Canadian Sedimentary Basin
- Security of heat supply validated by 60 years of reservoir and production data
- Surface wellhead temperatures can be in excess of 100 degrees Celsius
- Reservoir has over 1 billion barrels of fluid in place – project moves only 2-3% annually – virtually infinite instant hot water
Reuse – Recovering heat from existing produced fluid loop
- Synergistic project using existing facility site, numerous production and injection wells, and 100’s KM’s of pipelines
Reduce – Brownfield project advantaged by existing operations
- Large existing facility will eliminate the need for a new site – no new footprint
Financing will launch FutEra’s clean energy platform to efficiently execute on a robust inventory of identified and captured future power projects
CONTACT WITH US
Write us a message
Address
900-500 5th Ave SW
Calgary AB T2P 3L5
Canada
