GA Drilling, a geothermal drilling technology company, and ZeroGeo Energy have signed a Memorandum of Understanding to develop Project THERMO - a 12 MW Hot Dry Rock geothermal power plant - in Niedersachsen, Germany.
This project will allow the companies to generate green "always-on" electricity for the local economy and improve Germany's energy independence while decreasing national carbon emissions.
Geothermal energy is energy derived from the natural heat in the Earth's crust. Niedersachsen was chosen after surveys found that the sedimentary basins below the area have higher than average geothermal gradients and provide the ideal characteristics for generating geothermal heat and power.
To extract this geothermal energy, the companies will drill deep wells to access the heat and carry the energy to the surface as either water or steam. These resources can then be used directly for heating or cooling or used to generate electricity.
While ZeroGeo will be the operator, GA Drilling’s drilling technology will be applied to the project. The project aims to access geothermal anywhere in the world with the ability to provide deep geothermal drilling regardless of location.
“ZeroGeo is a group with a focus and momentum that has attracted a strong network and partners to really get geothermal projects off the ground,” said Dusan Kocis, COO and co-founder of GA Drilling. “The need for clean baseload power is real, and geothermal has the highest potential to deliver that safely and securely.”
