Stryde, a supplier of onshore seismic acquisition and imaging technology, has enabled five new geothermal energy projects in the first quarter of 2023.
The company has also agreed a further five contracts for supplying its seismic solutions to geothermal exploration projects, scheduled to commence during the second quarter of 2023.
The global contracts, which equate to a six-figure sum, will see the company’s technology deployed across the US, Middle East, and Europe.
Two of the 10 contracts include nodal equipment supply and seismic data processing for Stryde’s largest geothermal project to date in the Middle East, as well as a European survey that was conducted alongside a geological research centre in Belgium.
All 10 surveys are expected to be completed by the summer of 2023.
With the introduction of miniature, low-cost seismic imaging technology, Stryde enables high-density seismic data acquisition to be affordable for emerging industries such as geothermal a type of renewable energy as well as CCUS.
The project wins follow the completion of several geothermal projects in 2022, including the first 3D seismic survey specifically acquired for geothermal energy in the UK, conducted by the University of Newcastle at Royal Air Force (RAF) Leeming.
The surveys are enabled by Stryde’s seismic nodal sensor.
The company’s technology has proven critical in reducing the size of field crews required to conduct a seismic survey, as well as minimising HSE risks whilst simultaneously accelerating the acquisition of seismic data, resulting in an increase in efficiency through reduced survey times with less people, costs and environmental footprint.
These efficiencies are more crucial within geothermal projects, which are more likely to be conducted in urban environments, with smaller budgets and strict permitting requirements.
Nick Tranter, Stryde’s Business Development Manager for New Energy, said: “Within the renewable energy space, Stryde presents a cost-effective and reliable solution to help geothermal operators de-risk investment decisions, with high-resolution seismic data.
“We are continuing to allow operators to acquire high-quality seismic data through our nodal technology across the energy market, and as new geothermal permits continue to be announced across the globe, we are pleased to see the increase in demand for our seismic imaging solutions.”