Clean technology firm Wasabi Energy is set to join a consortium to develop a combined heat and power geothermal plant at Taufkirchen in southern Germany.
Wasabi is joining German geothermal developer Geysir Europe and Swiss utility Axpo to develop the project.
The Taufkirchen CHP geothermal plant utilizes the recovered geothermal fluids for both district heating and approximately 4.5MW of power generation.
The development of the Taufkirchen project will begin this month. Two wells with depths of up to 4100 metres are due to be completed by August.
Wasabi says it will earn a direct equity interest of up to 15% in the Taufkirchen project, in return for the provision of its Kalina Cycle power plant once the first geothermal production well has been drilled and the viability of the resource is confirmed.
The firm claims that Kalina Cycle can produce up to 50% more power from the same heat input than conventional thermal power engines.
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