The Geothermal Entrepreneurship Organization (GEO) Accelerating Technology Transfer, Testing and Adoption of Cutting-edge Extreme Environment Drilling
The Geothermal Entrepreneurship Organization launched in 2019 with the goal of building a geothermal innovation ecosystem at the University of Texas at Austin (UT Austin), and in the State of Texas at large. The theses underlying the work of GEO were 1) that with targeted advocacy, recruitment, organization, and coalition building, research institutions with legacy excellence in petroleum and geosystems engineering could become engines of geothermal innovation, research and development; 2) that startups were the appropriate vehicle to speed these innovations from the lab into the field, and building a geothermal startup ecosystem in Texas would not only advance next generation geothermal concepts into the field, but also help spur oil and gas engagement in the space, and 3) that with targeted engagement, education, and recruitment across stakeholders in the oil and gas industry and the State of Texas generally, the oil and gas industry, and other legacy oil and gas entities in the State could become sources of large scale deployment of geothermal energy. The overall goal was to create a ‘snowball’ effect, where targeted impactful actions would catalyze self-sustaining, organic growth of a new geothermal ecosystem in the State of Texas. That goal was achieved through GEO’s work. To test its theses, GEO began work by interviewing and recruiting UT Austin faculty and alumni into geothermal. At the beginning of the GEO project, there was no geothermal activity ongoing within the UT Austin Petroleum and Geosystems Engineering Department, the Bureau of Economic Geology, or the Jackson School of Geoscience, and many faculty approached had not before considered how their skillsets might apply in the space. By the end of the project period, three major research consortia focused on geothermal were launched as a result of GEO’s work, one at the Bureau of Economic Geology, one within the Petroleum and Geosystems Engineering Department, and another organized by GEO across six research institutions across the State of Texas, called the Texas Geothermal Institute. Geothermal curricula was launched at UT Austin, and UT Austin began attracting new geothermal enthusiasts into its faculty, including Dr. Silviu Livescu, former Chief Scientist of Baker Hughes. Startups recruited and mentored by GEO launched, raised funding, and deployed (or are currently deploying) their concepts in the field. By the end of the project period, the GEO concept expanded to faculty beyond UT Austin to other institutions, like Texas A&M, the University of Houston, and Rice University, and geothermal engagement began at those institutions as well. Multiple faculty members and alumni across these institutions launched geothermal startup companies, launched geothermal research consortia, and/or began teaching geothermal courses. In 2020, GEO launched what was to become the largest geothermal conference in the world by its second year, ‘PIVOT – From Hydrocarbons to Heat’, and the resulting momentum catalyzed the Society of Petroleum Engineers to launch a geothermal technical section, drove more startups to launch out of the ecosystem, and drove actors in the State of Texas, NGOs, and stakeholders globally to become engaged. Riding this momentum, the Texas Geothermal Energy Alliance was launched, the first ever industry association dedicated to advancing geothermal energy in the State of Texas. The Texas geothermal ecosystem after only two years of building and support is now robust, quickly growing, and self-sustaining. By 2021, the Texas geothermal ecosystem had attracted the attention of philanthropists, funding entities, media, and influencers outside of Texas, and GEO’s executive director was invited to give a TED talk about oil and gas engagement in building the future of geothermal energy, which elevated the success of the ecosystem to a global audience.