Consulting Services

Innovation Leadership Expertise

Leading innovation is almost never easy. Doing it well is, however, almost always important, and during times of disruptive change within an industry, the quality of innovation leadership can make the difference between bottom and top-quartile performance. At Tidal Wave Technologies, we have over 40 years of experience with identifying high-impact opportunities, securing the monetary and people resources needed to test promising concepts, and delivering accelerated adoption of technologies that have been proven capable of producing exceptional returns on investment. To learn more about Innovation Leadership services offered by Tidal Wave Technologies, click on one or more of the buttons below.

Enhanced Geothermal Systems

Enhanced Geothermal Systems (EGS) generate electricity from heat in the Earth’s crust in the absence of a naturally occurring convective hydrothermal system. Many methods for unlocking this vast resource have been tried over the past 50 years, but until recently, EGS projects have mostly failed to deliver on their promise. However, this track record of underperformance is on the verge of being reversed as modern oilfield technologies such as hydraulically fractured horizontal wells and ultra-efficient drilling techniques are deployed. This excites us since our company’s CEO helped drive rapid improvements in the use of these technologies since 2006. To learn more about the promise of EGS, click on the buttons below.

Tidal Wave Technologies

Technologies Capable of Disrupting an Industry

How does one go about selecting between numerous technology options during times when transformative levels of innovation are required to solve an existential challenge within an industry?

Tidal Wave Technology’s CEO’s experience with helping to lead ConocoPhillips through the disruption of the energy industry caused by the unconventional reservoir revolution has provided our company with invaluable insights into what characteristics to look for in technologies so as to maximize the probability of making the right choices.

To contact us to learn more about how we can help you when a “tidal wave of technology change” engulfs an industry, click here.

Figure showing the range of new opportunities being pursued by O&G companies in the first decade of the 21st century. Although few today remember, this was a time during which there was enormous angst amongst non-OPEC+ countries as to where they would be able to secure future hydrocarbon resources, with the fear being that with exploration success rates falling and OPEC+ countries controlling most of the world’s discovered resources, non-OPEC+ nations would rapidly become more and more beholden to OPEC+ countries for their energy needs. As a result, tens of billions of dollars were poured into efforts to commercialize the first four technologies shown in the figure. It was however the fifth technology – unconventional reservoirs accessed with hydraulically fractured horizontal wells – that beat out all the others, with the reasons for this having more to do with “innovation success meta-factors” than with the robustness of the underlying technologies. At Tidal Wave Technologies we can help you think about how the characteristics of technologies you are pursuing (or are considering pursuing) impact the probability of delivering high-impact outcomes, which in the final analysis, is why companies are willing to invest large sums of money in innovation.

Accelerating Technology Adoption

You’ve created a “better mousetrap”. Congratulations! And you can’t wait for your customers (or the business units within your company) to inundate you with orders for your clearly superior product. But the orders never arrive or trickle in much more slowly than anticipated. What the heck is happening?

If you’re having this type of technology adoption problem, with your customers failing to see the value in your product (or groups within your company being slow to adopt innovations created elsewhere within your business), we can help.

To learn how, click here to contact us.

Building Innovation Leadership Skills

Innovation leadership is a learnable skill. A skill that can be improved via experience, observing great leaders in action, taking training courses, and reading books.

What is challenging about innovation leadership is that it requires a broader range of knowledge than most forms of leadership.

At Tidal Wave Technologies we’ve spent over two decades building knowledge about innovation leadership and stand ready to help you, whether you’ve just recently embarked upon your leadership journey or are a seasoned veteran wishing to better hone aspects of leadership that are particularly important for achieving exceptional results.

To learn how we can help you or your organization develop the required range of capabilities, click here to contact us.

Important Aspects of Innovation Leadership

Suggested Reading List

Click here for the latest pdf version
of TWT’s Innovation Leadership Suggested Reading List

Enhanced Geothermal Systems (EGS): Opportunities and Challenges

The amount of heat contained in the Earth’s crust that could be converted into electricity is immense, sufficient to meet all of mankind’s energy needs for thousands of years.

Unfortunately, efforts to economically unlock this resource over the past half-century have for the most part been unsuccessful.

The use of multi-stage hydraulic fracturing in long horizontal wells is poised to change this outcome, just as it did for unconventional oil and gas reservoirs.

Unlocking the potential of geothermal resources is a significant prize – one that could deliver the low-carbon, affordable, base-load energy that mankind needs to enable an efficient energy transition.

To learn how Tidal Wave Technologies can help you with EGS related opportunities and overcome associated challenges, click here to contact us.

Map showing the favorability for EGS development in the United States. Color coding is based on the temperature of rocks in the upper portion of the Earth’s crust, with orange and reds denoting the most favorable areas. Yellow dots indicate active hydrothermal systems. Map from U.S. DOE NREL Enhanced Geothermal Shot Analysis website.

 

Hydraulically Fractured Horizontal Wells

A New Approach to EGS

As is the case with unconventional oil & gas reservoirs, the amount of conductive fracture surface area needed on a per well basis to cost effectively extract heat from the Earth’s crust to generate electricity is substantial.

Attempts over the past half-century to create sufficient surface area using Enhanced Geothermal Systems (EGS) – systems in which hydraulically induced fractures provide conduits through which fluid can be circulated between injection and production wells to extract heat – have mostly failed.

This was primarily due to the use of vertical or near-vertical hydraulically fractured wells that were completed open hole, which is an approach that in most cases didn’t generate enough fracture surface area to establish and maintain commercial production.

However, there are strong physics-based and empirical reasons to believe that, just as with unconventional reservoirs, long hydraulically fractured horizontal wells can create sufficient surface area, thereby transforming EGS from being a vast but marginally economic resource into one that is commercially attractive.

Tidal Wave Technology’s CEO has as much or more experience with optimizing the use of hydraulically fractured horizontal wells for oil & gas production as nearly anyone in the industry, with this experience being both broad and deep, and directly applicable to EGS.

To contact us to see how we can help you, click here.

 

Enhanced Geothermal Systems Project Economic Modeling

Tidal Wave Technologies can perform high-level, probabilistic project economic modeling to help you understand the range of uncertainty associated with EGS opportunities in general or a specific opportunity you are looking to pursue.

This can be invaluable for focusing the attention of your efforts on the factors that have the biggest impact on the LCOE (Levelized Cost of Electricity) associated with EGS.

Encouragingly, results to date from EGS projects executed using hydraulically fractured horizontal wells suggest that this approach to EGS could be a game changer, enabling the delivery of base-load electricity at a price point that no other near-zero carbon power generation source will likely be able to meet.

To contact us to see how we can help you with understanding the economics of EGS development, click here.

Figure showing an “Influence Diagram” for calculating the Levelized Cost of Electricity (LCOE) of EGS developments. By accessing the range of possible outcomes for each of the elements shown in green, one can calculate the range in LCOE that one can expect to achieve.

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