Saipem has signed a Memorandum of Understanding (MoU) with companies specialized into the geothermal sector, Geolog and Ignis H2 Energy to explore innovative solutions for the development of geothermal projects in Italy and globally.

Under the MoU, the three companies will carry out joint studies on unconventional geothermal energy such as terrestrial heat sources difficult to access and therefore still poorly exploited, as well as on offshore geothermal energy, of which the Mediterranean basin is rich.

Saipem will lead the feasibility study of geothermal plants, by assessing the technical solutions currently available in the market and identifying potential technological gaps.

Geolog, a leader in the evaluation of geological formations and drilling solutions, and Ignis, a company specialized in geothermal resource acquisition, exploration, and development, will contribute their expertise in assessing geological formations, drilling solutions, and the availability of geothermal resources.