{"id":7630,"date":"2020-11-24T17:24:37","date_gmt":"2020-11-24T22:24:37","guid":{"rendered":"https:\/\/www.grantwatch.com\/grantnews\/?p=7630"},"modified":"2020-11-24T17:24:42","modified_gmt":"2020-11-24T22:24:42","slug":"transitional-energy-gets-500k-grant-to-transform-oil-wells-for-geothermal-energy","status":"publish","type":"post","link":"https:\/\/www.grantwatch.com\/grantnews\/transitional-energy-gets-500k-grant-to-transform-oil-wells-for-geothermal-energy\/","title":{"rendered":"Transitional Energy Gets 500K Grant To Transform Oil Wells For Geothermal Energy"},"content":{"rendered":"\n<p>Our economy is ever-changing. Our energy sector is evolving, We live in an increasingly connected world where things move at hyper speed, and where ideas are implemented quickly. New modes of energy are being discussed, and the energy sector is opening up new exciting pathways towards diverse power. Progress is good and verifiable. Many energy companies are starting to focus on new areas like wind, water, solar, and other energy sources. <\/p>\n\n\n\n<p>The government is spending money on research to find the best ways to power the United States towards a less carbon-fueled future. This is why Transitional Energy has received a $500,000 grant aimed at transforming oil wells for geothermal energy. The 500K Advanced Industries Grant was awarded by the <a href=\"https:\/\/choosecolorado.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">Colorado Office of Economic Development and International Trade<\/a> to help Transitional Energy to do their important work.<\/p>\n\n\n\n<p>Here&#8217;s what Transition Energy actually does: <\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>Transitional Energy (TE) &#8216;<em>transitions<\/em>&#8216; existing oil and gas wellbores into clean, baseload power generators by extracting thermal energy and integrating off-the-shelf, modular power generation units. Leveraging 71+ years of combined experience across energy start-ups, environmental consulting, oil &amp; gas, and natural resources finance, TE solves the major capital risk associated with traditional geothermal power sources by eliminating the need for drilling and exploration, and converts existing energy assets into baseload, renewable power&#8221;<\/p><\/blockquote>\n\n\n\n<div class=\"wp-block-image is-style-rounded\"><figure class=\"aligncenter size-large is-resized\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.grantwatch.com\/grantnews\/wp-content\/uploads\/2020\/11\/pexels-photo-2017354.jpeg\" alt=\"white wind turbine\" class=\"wp-image-7681\" width=\"751\" height=\"501\" srcset=\"https:\/\/www.grantwatch.com\/grantnews\/wp-content\/uploads\/2020\/11\/pexels-photo-2017354.jpeg 1880w, https:\/\/www.grantwatch.com\/grantnews\/wp-content\/uploads\/2020\/11\/pexels-photo-2017354-300x200.jpeg 300w, https:\/\/www.grantwatch.com\/grantnews\/wp-content\/uploads\/2020\/11\/pexels-photo-2017354-800x533.jpeg 800w, https:\/\/www.grantwatch.com\/grantnews\/wp-content\/uploads\/2020\/11\/pexels-photo-2017354-768x512.jpeg 768w, https:\/\/www.grantwatch.com\/grantnews\/wp-content\/uploads\/2020\/11\/pexels-photo-2017354-1536x1024.jpeg 1536w\" sizes=\"auto, (max-width: 751px) 100vw, 751px\" \/><figcaption>Photo by Elena Zhuravleva on <a href=\"https:\/\/www.pexels.com\/photo\/white-wind-turbine-2017354\/\" rel=\"nofollow\">Pexels.com<\/a><\/figcaption><\/figure><\/div>\n\n\n\n<p>Transitional Energy will use these grant funds to support the development and conversion of oil and gas wellbores and associated infrastructure into geothermal power generation facilities. This will assist Colorado as the state starts to move towards utilizing renewable energy sources, from the traditional backbone of the oil and natural gas that has been critical to Colorado&#8217;s economic development and the overall economy. <\/p>\n\n\n\n<p>Grant award like this is important because it gives increased flexibility towards the production of renewable energy, as <a href=\"https:\/\/colorado.grantwatch.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">Colorado<\/a> (like many other states) look towards beginning to identify and examine the possibilities of alternative energy sources to fuel the state. Transitional Energy&#8217;s goal is to utilize current energy assets that exist and provide a transition into renewable energies including job opportunities for people in these new fields. <\/p>\n\n\n\n<p><strong>Here&#8217;s what Salina J. Derichsweiler, Co-Founder and CEO of Transitional Energy had to say regarding this grant award<\/strong>: <\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>This grant provides meaningful funds to Transitional Energy to successfully execute our Phase 1 Site Selection Test. The information we learn during this phase will accelerate our business to commercial, grid-scale, low-temperature geothermal power generation. Colorado\u2019s abundance of existing wellbores, available workforce, and<strong> <\/strong>supportive regulatory environment make it the optimal state for us to develop this new renewable energy resource.<\/p><\/blockquote>\n\n\n\n<p>Click <strong><em><a href=\"https:\/\/www.grantwatch.com\/cat\/58\/energy-grants.html\" target=\"_blank\" rel=\"noreferrer noopener\">here<\/a><\/em><\/strong> to find grants to reduce energy use, improve energy efficiency, develop clean energy programs, and deploy technology to improve energy sustainability and conservation for state governments, local governments, overseas US territories, Indian tribes, small businesses, businesses, and entrepreneurs.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Our economy is ever-changing. Our energy sector is evolving, We live in an increasingly connected world where things move at<\/p>\n","protected":false},"author":12,"featured_media":7681,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_sb_is_suggestion_mode":false,"_sb_show_suggestion_boards":false,"_sb_suggestion_history":"","_sb_update_block_changes":"","_is_real_time_mode":false,"_realtime_collaborators":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"enabled":false},"version":2}},"categories":[118,147,137],"tags":[],"class_list":["post-7630","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-grants","category-latest","category-science"],"yoast_head":"<!-- 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These\u2026","rel":"","context":"In &quot;Grants&quot;","block_context":{"text":"Grants","link":"https:\/\/www.grantwatch.com\/grantnews\/grants\/"},"img":{"alt_text":"Solar panels and wind turbines in a field under a blue sky with text reading \u201cBeat High Oil Prices with an Alternative Energy Grant.\u201d \ud83c\udf1e\u26a1\ud83c\udf3e","src":"https:\/\/i0.wp.com\/www.grantwatch.com\/grantnews\/wp-content\/uploads\/2026\/03\/219_img-950x650_15.webp?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.grantwatch.com\/grantnews\/wp-content\/uploads\/2026\/03\/219_img-950x650_15.webp?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.grantwatch.com\/grantnews\/wp-content\/uploads\/2026\/03\/219_img-950x650_15.webp?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.grantwatch.com\/grantnews\/wp-content\/uploads\/2026\/03\/219_img-950x650_15.webp?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":12649,"url":"https:\/\/www.grantwatch.com\/grantnews\/clean-energy-is-focus-of-127-million-in-grants-awarded-by-usdoe\/","url_meta":{"origin":7630,"position":1},"title":"Clean Energy is Focus of Grants Awarded by Department of Energy","author":"Lianne Hikind","date":"August 5, 2021","format":false,"excerpt":"The U.S Department of Energy has awarded $127 million in grant funds for small business and research and development. These grants have been awarded for 110 projects in 26 states across the United States. The goal is to pursue technological solutions to current climate-change-related problems. This is part of the\u2026","rel":"","context":"In &quot;Business&quot;","block_context":{"text":"Business","link":"https:\/\/www.grantwatch.com\/grantnews\/business\/"},"img":{"alt_text":"solar panels and wind turbines on summer landscape with mountains on background","src":"https:\/\/i0.wp.com\/www.grantwatch.com\/grantnews\/wp-content\/uploads\/2021\/08\/Solar-and-Wind-Power-and-Type.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.grantwatch.com\/grantnews\/wp-content\/uploads\/2021\/08\/Solar-and-Wind-Power-and-Type.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.grantwatch.com\/grantnews\/wp-content\/uploads\/2021\/08\/Solar-and-Wind-Power-and-Type.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.grantwatch.com\/grantnews\/wp-content\/uploads\/2021\/08\/Solar-and-Wind-Power-and-Type.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":8758,"url":"https:\/\/www.grantwatch.com\/grantnews\/texas-tech-gets-grant-for-renewable-energy-research-energy-grants\/","url_meta":{"origin":7630,"position":2},"title":"Texas Tech Gets Grant For Solar Energy + Renewable Energy Grants","author":"Lianne Hikind","date":"February 5, 2021","format":false,"excerpt":"We're having a national conversation about renewable energy research, which the United States already subsidizes. We've already discussed this when we spoke about how rural areas actually benefit from renewable energy sources. The reason for this is because rural areas that rely exclusively on electricity may experience disruptions. 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Reliance on crude oil, which is an energy source with limited quantity, is also known to contribute to climate change in a\u2026","rel":"","context":"In &quot;Science&quot;","block_context":{"text":"Science","link":"https:\/\/www.grantwatch.com\/grantnews\/science\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.grantwatch.com\/grantnews\/wp-content\/uploads\/2020\/01\/windmill.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.grantwatch.com\/grantnews\/wp-content\/uploads\/2020\/01\/windmill.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.grantwatch.com\/grantnews\/wp-content\/uploads\/2020\/01\/windmill.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.grantwatch.com\/grantnews\/wp-content\/uploads\/2020\/01\/windmill.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":7990,"url":"https:\/\/www.grantwatch.com\/grantnews\/rural-small-businesses-and-agricultural-producers-might-want-to-think-about-renewable-energy\/","url_meta":{"origin":7630,"position":4},"title":"Rural Small Businesses And Agricultural Producers Might Want To Think About Renewable Energy","author":"Lianne Hikind","date":"December 27, 2020","format":false,"excerpt":"If you're an agricultural producer or small business in a rural area, you might want to hear more about Renewable energy sources. 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