GlassPoint to build California’s largest solar energy project on oil field

PRESS RELEASE

Bakersfield, Calif. – November  29, 2017 – Aera Energy, one of California’s largest oil and gas producers, and GlassPoint Solar, the leading supplier of solar energy for the oil and gas industry, today announced plans to build California’s largest solar energy project. Located at the Belridge oilfield west of Bakersfield, the integrated solar project will be the first of its kind in the world to use solar steam and solar electricity to power oilfield operations, efficiently reducing the field’s carbon emissions. Once complete, the Belridge Solar project will deliver the largest peak energy output of any solar plant in California.

“Aera is committed to safe, responsible operations and is thrilled to extend our environmental leadership by using solar to power our production. Adding solar energy at Belridge allows us to continue to lead the way in the safest, most environmentally responsible energy extraction there is,” said Aera EnergyPresident and CEO Christina Sistrunk. “The people of California are counting on us to help them get to school and work each day, allow their businesses to grow and thrive and help get California-grown food on their dinner tables. We are proud to be an active part of California’s low carbon future and lead the industry by adopting bold solutions to deliver valuable energy, more efficiently while protecting the environment.”

Belridge Solar will consist of an 850 MW_t solar thermal facility, producing 12 million barrels of steam per year, and a 26.5 MW_e photovoltaic facility that will generate electricity. The solar-generated steam and electricity will reduce natural gas currently used onsite in oilfield operations.

The facility is projected to save more than 376,000 metric tons of carbon dioxide emissions per year, offsetting the equivalent of 80,000 cars, more than one-third of the cars in Bakersfield today. The project is also expected to create hundreds of direct and indirect jobs in California throughout the oil and gas supply chain and supporting industries.

“GlassPoint is thrilled to partner with Aera to scale our solar oilfield technology in California and deliver meaningful carbon reductions. By harnessing the power of the sun to produce oil, oil operators can efficiently reduce emissions using advanced technology, creating long-term benefits for the local economy and environment,” said Sanjeev Kumar, GlassPoint SVP, Americas. “Our partnership with Aera demonstrates the growing energy convergence where renewables and traditional energy leaders are working together to address some of the biggest challenges of our time.”