Criterion Energy Partners is a forward-thinking energy and technology company dedicated to harnessing geothermal energy to create clean, reliable, and sustainable energy solutions. The company focuses on developing distributed energy projects that are co-located with industrial consumers, addressing both emissions reduction and energy reliability. With a mission to develop geothermal power plants that effectively serve hard-to-abate sectors, Criterion Energy aims to significantly contribute to the reduction of Scope 1 and Scope 2 emissions.
Central to its operations is the Criterion Geothermal System™, which is designed to be both environmentally sustainable and economically viable. The system boasts a capacity factor of 92%, making it a vital source of baseload power compared to other renewable sources. Its small surface footprint, requiring only 1-5 acres per megawatt, presents a low-impact solution to energy needs.
Criterion Energy stands out in the industry through its innovative approach and commitment to advancing geothermal technology. The company has received recognition through various awards and has successfully secured funding and partnerships, including investments from notable entities such as Patterson UTI and Chesapeake Energy. Additionally, it was awarded a grant from the Department of Energy to support its pioneering research and development initiatives.
Positioned to play a crucial role in achieving global carbon neutrality by 2050, Criterion Energy is committed to innovation, integrity, and leadership. By unveiling projects such as the Water Oak Demonstration Project and actively engaging with industry advisory groups, Criterion Energy aspires to lead the geothermal sector into a sustainable future, providing resilient energy solutions that empower both local communities and global markets.
