Geothermal Funding Announced for Hinton – February 6, 2018

Geothermal Funding Announced for Hinton

February 6, 2018

OTTAWA: Jim Eglinski, Member of Parliament for Yellowhead, is pleased to inform constituents that Western Economic Diversification Canada has announced $400,000 for the Town of Hinton’s engineering and design initiative to determine the viability of a Geothermal District Energy System.

“This is excellent news for Hinton and the surrounding area,” stated MP Eglinski. “The results from this exploration could have an incredible impact on not only the Yellowhead region, but Canada as a whole.”

The proposed system, which is believed to be the first of its kind, would produce renewable geothermal heat from marginally producing oil and gas wells to heat the town’s public buildings. Geothermal heat produced through this project could replace approximately 60,000 to 150,000 gigajoules per year of natural gas usage.

The Government of Alberta and Alberta Innovates will also provide a total of $800,000, bringing the investment amount for the Town of Hinton’s project to $1.2 million. Engagement of six firms and the creation of 21 jobs will help to test prospective oil and gas wells.

“I am pleased to see the Government of Canada investing in such a groundbreaking project, and I am excited to know it is being led through local initiative,” concluded MP Eglinski.

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