EnEarth, a subsidiary of Energean PLC, has contracted Vallourec to supply advanced tubular solutions for the Prinos CCS project, which aims to convert a depleted oil reservoir offshore Greece into a permanent CO2 storage site.
Enhanced geothermal systems have shown promising growth with pilot projects and strategic PPAs, but face significant technical and financial challenges, including turbine shortages and high operational costs, delaying large-scale deployment.