CALGARY’S BOREALIS GEOPOWER SIGNS MOU FOR VALEMOUNT, B.C. GEOTHERMAL PARK

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.”
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