ADAGE IS A GEOTHERMAL POWER PROJECT ACCELERATOR.
WE HARNESS HEAT FROM DEEP BELOW THE EARTH'S SURFACE & SYNERGIES WITH BUSINESSES ABOVE GROUND TO provide communities AROUND THe WORLD WITH clean, cheap & STABLE sources of power.
The geothermal power industry has stagnated under the weight of tired approaches to project development. Early stage capital is difficult and expensive due to high perceived risk and long development timelines, and risk capital raised has been squandered on unfocused exploration programs and expensive drilling campaigns. In heady markets geothermal developers promoted the power production potential of their projects, leading to speculation, over- leveraging, over- building, poor resource management, and ultimately stalled projects and weak returns.
Adage approaches geothermal projects from a different perspective to catalyze project development and restore investor confidence. While high-quality geology is always crucial, our approach adds an additional layer of distillation. Our resources all have built-in development and commercial advantages. We harness those synergies (e.g. partnership with heavy energy users such as mines and data centers) to maximize capital efficiency during development and multiple paths to off-take. The results are attractive projects with clear paths to bankability and revenue.
Our experienced team of technical experts harnesses world-leading science & technology to execute innovative, industry-leading, lean-cost exploration and development strategies that maximize the efficiency & efficacy of geothermal resource exploration.
We exploit development synergies with local mines and heavy energy users to keep costs low during the early stages of a geothermal project.
We work closely with local and international stakeholders, including communities and environmental groups, to ensure that our projects are sources of pride and empowerment.
Adage is currently developing utility-scale power projects in Latin America and Africa, with a pipeline of attractive prospects across key geothermal regions.
We would be happy to discuss new opportunities, partnership & investment across the renewable energy, natural resource, industrial and technology industries.
Case Study in Early-Stage Value Creation
Adage’s innovative exploration program confirmed an attractive geothermal resource and avoided over $1 million of risk capital expenditures.
Joaquina is a high-enthalpy resource with estimated temperature of 180-200+ degrees C at depth and thermal output in the 20+MW range. Resource characteristics are similar to many successfully-developed fields.
Positive project attributes include situation in-fence of a local gold mine, proximity to grid interconnection, strong governmental support, and attractive off-take alternatives. Once completed, the project will provide enough renewable energy for thousands of homes along with local employment and business opportunities.