Geothermal Lease Opportunity
Hexagon Energy would like to lease your land for the development of a geothermal power project. After detailed analysis of the geology of your property, we believe that your land has underground heat that can be accessed to produce clean electricity. Get in touch today to learn more about partnering with Hexagon Energy to tap into this hidden resource and get the most out of your land!
Long-term, high paying passive income
Landowners can earn steady, long term lease payments and royalties at a premium rate. Minimal landowner involvement provides an attractive source of passive income throughout the lifetime of the project.
Small surface footprint
Geothermal facilities can tap heat beneath thousands of acres while taking up relatively little land above ground, allowing continued use of the property and preserving the overall character of the land.
Ability to continue operations
Geothermal energy systems allow landowners to continue to use their property however seen fit, so long as it does not impede the generating facility. Landowners would be able to use the property for farming or grazing throughout the lifetime of the project.
Clean American energy
Geothermal power projects leverage the American workforce to provide 24/7, reliable electricity - helping power homes and businesses with clean, American-made energy.
How Does Geothermal Work?
What is geothermal energy?
Geothermal energy is heat that comes from within the Earth. The Earth’s core is extremely hot, and the heat radiates outward, warming rocks and underground water. In certain places, the heat is close enough to the surface to be accessed and used.
How is underground heat accessed?
Heat underneath the surface is accessed via drilled wells, usually several thousand feet deep. The wells are first drilled vertically and sealed off from local waters. At a certain depth, the drill bit is controlled to curve the path of the well to land horizontally in the target geothermal reservoir.
How is electricity produced?
1. Hot water underground is brought to the surface via a production well.
2. The hot water heats a working fluid to boiling in a heat exchanger.
3. Working fluid steam spins a turbine and generator to produce electricity.
4. The cooled water is then pumped back underground into an injection well.
How does the contract work?
Hexagon Energy proposes leasing your property for the development of a geothermal power plant. There would be no upfront or on-going costs for you. Hexagon would pay you annual rent and cover all costs related to the development of the project, including exploration, permitting, roll-back taxes, engineering, construction, etc. When the project reaches commercial operations, you would receive royalty payments as a percentage of the project’s revenue.