Join us for an information session on Wednesday, July 27 at 7 p.m. at Three Ranges Brewery with the world renowned geophysics expert Dr. Martyn Unsworth. Dr. Unsworth and his team will be in Valemount this week conducting a magnetotelluric (MT) survey.
This MT survey uses a remote and passive sensing technique to create an image of the rocks of the Rocky Mountain Trench. Dr. Unsworth will be giving attendees an overview of the geophysical survey including how it works, what we hope to discover, and what it means for the Canoe Reach geothermal project.
Enjoy a pint with us, we hope to see you there!
If you would like to read up more on Dr. Unsworth and his work you can view his profile here <http://www.fieldoffice.ualberta.ca/AboutUs/Featured%20Researchers/Martyn%20Unsworth.aspx
July 25, 2016 | Terry Dawes | CanTech Letter
Calgary-based Borealis Geopower has signed a Memorandum of Understanding (MOU) with the Valemount Community Forest to develop a geothermal industrial park in Valemount.
According to the Rocky Mountain Goat, the Valemount Community Forest’s Cedarside property sits outside Valemount’s perimeter, meaning that it is zoned as M3 land and only needs a building permit to proceed with the development of a geopark, while the project itself would likely be run by the Community Forest or Valemount Geothermal Society (VGS).
Last month, non-profit Geoscience B.C. released its “Direct-Use Geothermal Roadmap”, a comprehensive guide for communities and businesses to help evaluate and develop local geothermal energy projects to stimulate economic development and reduce greenhouse gas emissions.
Vice president of energy for Geoscience B.C. Carlos Salas told the Rocky Mountain Goat that Valemount is one of the top contenders among 63 “stand-out” communities with geothermal potential, adding, “I mean this in the nicest way possible. If Surrey can do it, anywhere in B.C. can do it.”
Click here for the link to the full article.
July 20, 2016 | Rocky Mountain News Goat | Evan Matthews
Memorandum of Understanding (MOU) regarding the proposed geothermal industrial park in Valemount now exists between Borealis Geopower and the Valemount Community Forest.
Alison Thompson, a principal with Borealis Geopower — also the chair and co-founder of the Canadian Geothermal Energy Association — says the Community Forest’s interest in the Cedarside property is what makes the site so attractive.
Borealis Geopower is a company working toward enabling geothermal power and heat production as a major player in the Canadian energy market, according to its website.
“We’re trying to work with the players involved to get something off the ground (at Cedarside),” says Thompson. “We know Valemount is an ideal geothermal location.”
In an interview with Silvio Gislimberti, Valemount’s economic development officer, The Goat was told that MOUs are an indication of where things are going, but the agreement is subject to change.
Thompson shared the thought, as she acknowledges the MOU as an indication, but added it’s a legally binding document and a formal agreement.
However, neither would not elaborate on what the MOU actually outlines, only saying, “It’s a private document between two companies.”
What would the ownership breakdown between Borealis and the Village of Valemount actually look like?
Carlos Salas, vice president of energy for Geoscience B.C., says ownership of geothermal energy is the same as any other resource.
Ownership of the resource would depend on who has the rights, Salas says, and ownership of those rights would be outlined on the development permit and tenure system.
However, the Cedarside property sits outside the village’s perimeter, which means any development permit must be applied for through the regional district, according to Valemount’s CAO, Mark Macneill.
Click here to read the full article on the Rocky Mountain News Goat website.