ADAGE IS A GEOTHERMAL ENERGY ACCELERATOR AND PROJECT CONSULTING FIRM. OUR MISSION IS TO USE CORE TECHNICAL & FEASIBILITY ANALYSIS, INNOVATIVE STRATEGIES, UNTAPPED SYNERGIES AND ADVANCED TECHNOLOGY TO UNLOCK THE POTENTIAL OF GEOTHERMAL ENERGY - AN ECONOMIC, FLEXIBLE, AND PERMANENT SOURCE OF RENEWABLE ENERGY
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 new paradigm to catalyze project development and restore investor confidence. We deploy superior technical and business expertise and strategy. We only target the highest quality resources. We harness development synergies through partnership with heavy energy users such as mines and data centers to maximize capital efficiency and provide off-take alternatives during the resource development phase. The results are attractive projects with clear paths to development.
We harness new technologies and approaches to execute innovative, industry-leading, lean-cost exploration and development strategies that maximize the efficiency and efficacy of geothermal resource exploration.
We exploit development synergies with our partners to keep costs low during the early stages of a geothermal project.
We leverage the direct-use applications of geothermal energy, including aquaculture and greenhouse agriculture, and educational initiatives to build community, regional and institutional support.
We employ flexible structures along with these mechanisms to reduce risk and develop low-cost, high-value projects.
Adage is currently developing utility-scale projects in Latin America and Africa, with a pipeline of attractive prospects across key geothermal regions. We seek new opportunities, partnership, and 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.