en.Wedoany.com Reported - Open Mountain Energy LLC (OME) and Power Planet Inc (PP) have signed a cooperation agreement to jointly develop an Enhanced Geothermal System (EGS), with the project located at the Star Peak Geothermal Power Project in the Humboldt House Geothermal Resource Area, Nevada. The parties plan to conduct EGS technology validation and commercial development, with an initial installed capacity of 19.8 megawatts and a long-term target of 100 to 200 megawatts for large-scale projects.

OME is a wholly-owned subsidiary of Kaishan Group. The parties signed a term sheet earlier this year, and this agreement serves as the formal confirmation of the collaboration. According to the plan, drilling operations will commence within twelve months of contract signing.

The Star Peak project was selected as the technology validation site due to its proven resource base, existing power generation facilities, and grid connection conditions. These conditions help improve the accuracy of resource characterization and provide a pathway for commercial revenue generation following successful EGS piloting. According to a 2011 assessment, the EGS resource potential of the Humboldt House block ranges from 200 to 500 megawatts.

OME currently operates two geothermal power stations in the United States: the aforementioned Star Peak project and the 4-megawatt Whitegrass One binary geothermal power plant in Yerington, Nevada. The company also holds development permits for other geothermal areas, including the Bottle Rock Geothermal Power Plant, acquired in 2022, which is currently in a shutdown state.

Kaishan Group has a global presence in the geothermal market, holding wholly-owned or partially-owned projects in Indonesia, Kenya, the United States, Turkey, and Hungary.

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