10月27日，开山股份全资子公司、美国地热开发公司Open Mountain Energy, LLC与美国新一代地热开发公司Fervo Energy Company签署备忘录，双方将合资、合作开发新一代地热发电试验项目。

On October 27th, Open Mountain Energy, LLC, a wholly-owned subsidiary of Kaishan Co., Ltd., an American geothermal development company, and Fervo Energy Company, an American next generation geothermal development company, signed a memorandum of understanding.

众所周知，地热电力是可以作为基载电力的“高级清洁能源”，其可用性超过80%，采用 开山技术建设的地热电站可用性更是高达95%。在迎接“碳中和”时代，地热电越来越得到重视和青睐。不足的是，地热资源较为有限，让地热电无法成为主流清洁能源。然而，新技术正促使新地区的地热资源得以释放——利用正确的新技术，地热蕴藏量可达石油、天然气和煤炭的近30倍，一旦开发技术得到突破，有望成为主流可再生能源。

As we all know, geothermal power is an “advanced clean energy” that can be used as base-load power, and its availability exceeds 80%, and the availability of geothermal power stations built with Kaishan technology is as high as 95%. In the era of “carbon neutrality”, geothermal power is getting more and more attention and favor. The disadvantage is that geothermal resources are relatively limited, making geothermal power unable to become the mainstream clean energy. However, new technology is unlocking geothermal in new places. Geothermal, with the right technology, has nearly 30 times that of all oil, natural gas and coal reserves. Once the development technology is broken, it is expected to become the mainstream renewable energy.

10月19日，曹克坚董事长在美国内华达州Reno的OME办公室会见了Fervo Energy公司 CTO Dr.Jack Norbeck。据介绍，Norbeck博士是Fervo Energy公司创始人之一，创办该公司源于他在斯坦福攻读博士学位时有关新一代地热系统开发的研究成果——发明了多段、地热流量控制技术。Fervo Energy作为初创公司已经完成了两轮超过4000万美元的融资，并已获得美国能源部超过1000万美元的资助。双方商定，首先在Star Peak地热湖边缘开发10MW地热项目，一旦成功，双方将开始为期五年的合资，合资期间，将开发多个地热项目，总发电功率目 标为至少100MW。

On October 19th, Chairman Cao Kejian met with Fervo Energy CTO Dr. Jack Norbeck in the OME office in Reno, Nevada, USA. Dr. Norbeck is one of the founders of Fervo Energy. The founding of the company originated from his research results on next generation geothermal development when he was studying for a Ph.D. in Stanford-the invention of multi-stage, geothermal flow control. As a start-up company, Fervo Energy has completed two rounds of financing of more than US$40 million, and has received more than US$10 million in funding from the U.S. Department of Energy. The two parties agreed to first develop a 10MW geothermal project on the edge of the Star Peak geothermal lake. Once successful, the two parties will begin a five-year joint venture. During the joint venture, multiple geothermal projects will be developed with a total power generation target of at least 100MW.

在此之前，公司总经理汤炎博士与Jack博士团队进行了技术交流。双方确认，开山负 责电站模块设计，Fervo负责钻井模块设计，双方共同开发和展示各自先进的模块设计。同 时，开发方向首先在现有地热湖边缘开发，扩大地热湖面积，提高地热田产量。

Prior to this, the general manager of the company, Dr. Tang Yan, had a technical exchange with the team of Dr. Jack. The two parties confirmed that Kaishan is responsible for the power station module design and Fervo is responsible for the drilling module design. The two parties will jointly develop and demonstrate their respective advanced module designs. At the same time, the development direction is to first develop on the edge of the existing geothermal lake, expand the area of the geothermal lake, and increase the output of the geothermal field.

我国新一代地热资源也极为丰富，一旦拥有成熟开发技术有望成为战略性接替能源。目 前，因为国内地热资源有限，我公司无法得到资源而不能参与国内地热开发，一旦先进钻井技 术趋于成熟，我公司将有机会参与到国内需求极大的可再生能源开发中，让实现“领先的清洁能 源开发商”这一愿景成为可能。

Geothermal resources in China are also extremely rich, and once mature development technology is available, it is expected to become a strategic alternative energy source. At present, due to the limited domestic geothermal resources, our company cannot obtain the resources and cannot participate in domestic geothermal development. Once advanced drilling technology becomes mature, our company will have the opportunity to participate in the development of renewable energy with great domestic demand. The vision of “leading clean energy developer” becomes possible.