Hexagon Energy, Weyerhaeuser Sign Deal for Geothermal Projects in Pacific Northwest
Hexagon Energy and Weyerhaeuser have entered into an agreement for the strategic development of geothermal projects across Oregon and Washington. The deal covers nearly 150,000 acres with an estimated 3 GW potential for geothermal electricity generation.
Hexagon Energy, an independent energy development company, has signed an agreement with Weyerhaeuser to strategically develop geothermal resources across Oregon and Washington. The partnership aims to unlock the region's geothermal potential for electricity generation.
The agreement encompasses approximately 150,000 acres of land. Initial assessments indicate a potential for up to 3 gigawatts (GW) of geothermal electricity generating capacity within this area. This development could significantly contribute to the supply of clean energy in the Pacific Northwest.
This collaboration allows Hexagon Energy to expand its footprint in geothermal energy development in the United States. The focus will be on identifying and developing viable geothermal sites to produce sustainable power.
Further details regarding the timeline for project development and specific investment figures have not yet been disclosed.