Teverra LLC

• Booth: 1159

Empowering Earth’s Truth

TEVERRA harnesses Earth's resources for clean energy, offering innovative subsurface solutions, cutting-edge technologies, and consulting for a low-carbon future. With $9M in DOE and NSF grants since 2019, we've advanced geothermal, CCS, oil & gas, and hydrogen projects. Innovations include ResStor and ConvertDeck, with expertise in geology, visualization, and risk minimization.

Brands: DDG, ResStor, CompressDeck, GeoDeck, FluidTrack, ConvertDeck, MMARCT, DFISS

 Press Releases

• Empowering Rico, Colorado: Teverra Receives Grant for Sustainable Development through Natural Geothermal Energy Project (Jul 11, 2024)

  Rico, Colorado, May 28, 2024 –  Teverra, LLC., a leading advocate for sustainable energy solutions, has been awarded a $100,000 grant to spearhead the implementation of a Natural Geothermal Augmented Thermal Energy Network in Rico, Colorado. This groundbreaking initiative aims to revolutionize energy consumption in the region while preserving the unique heritage and values of this small mountain town. 

  The grant, provided to Teverra, LLC., will fund a pre-feasibility study to assess the viability of establishing a thermal energy network utilizing the town's abundant natural geothermal resources. By harnessing the power of geothermal energy, Rico aims to enhance its energy security, reduce carbon emissions, and pave the way for a sustainable future. 

  The project's primary objective is to establish Rico as a regional hub for geothermal energy education and workforce development. Through community engagement and strategic partnerships, Teverra, LLC. seeks to educate stakeholders about the numerous benefits of geothermal energy while fostering a sense of pride and ownership within the community. 

  "We are excited to work hand-in-hand with the Rico community to realize the full potential of geothermal energy " said Emilie Gentry, Senior Geothermal Geoscientist of Teverra, LLC. "Together, we can build a more sustainable future by leveraging the power of geothermal while honoring the unique character and history of our mountain towns." 

  Rico's natural geothermal system presents a unique opportunity to showcase the possibilities of sustainable energy solutions in rural mountain communities. By leveraging local resources and fostering innovation, this project aims to serve as a model for neighboring towns and regions with similar geothermal assets. 

  “I am incredibly grateful that our small rural mountain town has the opportunity to continue working towards innovative geothermal solutions that benefit the whole community through this important funding and the strong partnership with Teverra” shared Teal Stetson-Lee, Community Liaison with the Rico Geothermal Coalition.   

  Teverra, LLC. looks forward to working closely with the Rico community and stakeholders throughout every stage of the project. 

  

• Teverra's Successful Presentation at CERAWeek by S&P GlobalTeverra Showcased Subsurface Energy Storage Innovations at CERAWeek 2024 (Jul 11, 2024)

  On Tuesday, March 19, Teverra successfully participated in CERAWeek by S&P Global, the energy industry’s premier event that brings together senior executives, government officials, thought leaders, academics, technology innovators, and financial leaders. Celebrating its fortieth year, CERAWeek continues to provide an integrated framework for understanding the future of global energy markets, geopolitics, and technology.

  In a compelling presentation, Teverra's representative discussed innovative strategies for identifying untapped subsurface opportunities for efficient heat management, emphasizing the vast potential of subsurface formations. Originally slated to be delivered by CEO Hamed Soroush, the session highlighted how the subsurface can act as a scalable storage mechanism for energy, particularly heat.

  Key Takeaways:

  Natural Energy Resources and Storage: The subsurface not only provides natural resources such as oil, gas, geothermal energy, and natural hydrogen but also offers scalable storage solutions. This session focused on heat storage and its critical role in energy management.

  Heat Demand in the U.S.: The U.S. consumes approximately 350 trillion BTUs per year for low-temperature industrial heating processes. Main sources include natural gas, propane, electricity, and heating oil.

  Geothermal Energy: Geothermal energy presents a renewable, predictable, and stable option with a minimal carbon footprint, particularly viable in the Western U.S. However, it faces challenges in the Eastern U.S. due to resource limitations.

  Reservoir Thermal Energy Storage (RTES): Teverra's innovative RTES technology functions like a thermal battery, storing heat in subsurface formations for use when needed. This includes utilizing waste heat or excess renewable energy.

  Applications: RTES can be applied to various low-temperature processes such as food pasteurization, cement drying, and other industrial processes requiring temperatures between 100 to 300°F.

  Challenges and Solutions: While RTES is an emerging technology, Teverra leverages existing oil, gas, and geothermal drilling technologies. Custom solutions are designed for specific energy demands, ensuring scalability and efficiency.

  

• Permian Energy Development Lab and Teverra Announce Advanced Energy Partnership (Jul 11, 2024)

  March 14, 2024 - Odessa, Texas 

  In a significant stride towards pioneering advancements in the energy industry decarbonization, the Permian Energy Development Laboratory (PEDL) and Teverra, a cutting-edge subsurface energy technology company, have joined forces in a groundbreaking partnership. This strategic alliance underscores a shared vision for fostering innovative energy solutions that not only benefit Permian communities but also propel the U.S. economy towards a sustainable future. 

  The collaboration between PEDL and Teverra comes hot on the heels of pivotal milestones achieved by both entities. Teverra's recent triumphs include securing a contract with the state of Colorado to conduct a comprehensive analysis of geothermal resources statewide and clinching a multi-year federal defense department contract to spearhead a geothermal initiative at Fort Wainwright in Alaska. Additionally, Teverra has garnered substantial recognition and support, amassing over $5 million in R&D and commercialization awards from esteemed institutions such as the Department of Energy (DOE) and the National Science Foundation (NSF) for its innovative subsurface energy technologies. 

  Meanwhile, PEDL has been fervently advancing its agenda, marked by notable collaborations with SOLARCYCLE and the Roosevelt Firm. These partnerships are geared towards establishing a cutting-edge test facility in Yoakum County, Texas, which will serve as a crucible for integrating diverse advanced energy technologies, including solar power, carbon net-negative oil production, carbon capture utilization and storage, low-carbon hydrogen production, treatment of produced water, and agrivoltaics. PEDL's ambitious endeavors have garnered acclaim, evidenced by its receipt of a $1 million National Science Foundation grant aimed at laying the groundwork for a transformative regional innovation engine in the Permian Basin. 

  "Teverra brings standout geothermal experience to the table—and that’s a big deal for our Permian consortium and for the U.S. advanced energy sector,” said Marilu Hastings of the Permian Energy Development Lab. “We’re grateful for their expertise. And I know they share our commitment to advanced energy R&D in service of Permian communities." 

  "The energy sector is at a critical moment—an exciting moment—because there’s greater attention and investment in a range of advanced energy technologies than ever before,” said Hamed Soroush, Founder and CEO of Teverra. “We see our partnership with the Permian Energy Development Lab as an important step to the future of energy—an advanced, decarbonized energy economy.”  

  The collaborative efforts between PEDL and Teverra will primarily focus on pioneering projects in key areas, including subsurface energy storage design and development, geothermal resource assessment and development, CCS, and hydrogen storage. Leveraging PEDL's extensive network of researchers and Teverra's proven track record in subsurface technologies, the partnership aspires to drive impactful innovations in the energy landscape. Key highlights of the partnership entail active collaboration in project identification and execution, concerted efforts to secure grant and funding opportunities, and the promotion of knowledge exchange and best practices to bolster organizational capabilities.

  

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