Accelerating the green transition
by transforming depleted fields into
energy yields
Several million oil and gas wells exist worldwide and most are inactive or dry. These unused wells have untapped geothermal energy and important geological information.
By using advanced technology on just a few of them, we could produce large amounts of clean energy and use the geological data to reduce risks, which is crucial for developing geothermal energy.
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Tapping into a growing market due to the rising need for constant, affordable, and carbon-free power, particularly for data centers.
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Uses a patented method to extract dissolved natural gas from brine. The hot brine and gas are used to generate electricity + heat. CO2 produced is captured and stored or sold.
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Reuses dry wells to reduce drilling risks and targets low-temperature, shallower layers with brine at 80-90°C, enhancing access to geothermal resources.
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Excess heat will be used for heating or cooling, such as for data centers, greenhouses and other nearby consumers.
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We are creating a series of European projects. The first project fully permitted and ready to start. We expect to finalize financing by the fourth quarter of 2024, with operations beginning in 2026.
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The leadership team possesses extensive and diverse experience in successfully developing a wide range of projects within the energy sector.
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Clozed Loop Energy AG
Furrengasse 5
6004 Lucerne
Switzerland
hello@cleag.energy -
AAT Geothermae Ltd.
Draškovićeva 17
40325 Draškovec
Croatia
www.aatg.energy