Argus Venture “EGS” Energy
Argus Venture Inc. is a leading geothermal energy and research company for Kentucky. Our goal is to implement Enhanced Geothermal Solutions (EGS) across the Commonwealth of Kentucky to reduce our state’s dependency on fossil fuels and help push us towards energy independence. Geothermal power has the potential to match the output needs of many communities across the state and is less expensive per Gigawatt Hour that traditional coal and natural gas.
Enhanced Geothermal Energy Solutions
Argus Venture is leading Kentucky in renewable energy research as the state’s first research and development company for geothermal energy. Currently, our team is focused on securing funding to begin operations and initial development of Kentucky’s first Geothermal power plant.
So what is Geothermal energy? Geothermal energy, not to be confused with geothermal heating and cooling, is a clean, renewable, and sustainable form of energy that uses the hydrothermal fluids from the Earth’s core to power turbines, thereby converting the steam into electricity.
Why doesn’t Kentucky have a Geothermal power plant? Geothermal energy has been restricted to certain areas of the world for many decades. States such as California and Alaska with large volcanic activity are hotspots for geothermal plants. Many countries outside of the US have also capitalized on this power source such as Iceland and Sweden. However, Kentucky has been limited geological from implementing geothermal power due to its lack of easily-accessible hydrothermal reservoirs.
Most recently, advances in Enhanced Geothermal Systems, or EGS, have made this green energy source available nationwide. Through hydraulic stimulation, wells are able to be constructed to reach deep below Earth’s crust into places that were previously inaccessible. These locations are able to host powerful 100 gigawatt geothermal power plants that have the potential to power large communities.
Argus Venture is beginning research into ideal stimulation spots in rural Kentucky that have the potential to host these binary geothermal plants. For more information on the different variations in geothermal power plants and how this energy source works, use the link below to visit the Department of Energy website for further explanation https://www.energy.gov/eere/geothermal/how-geothermal-power-plant-works-simple