On February 26, 2024, GA Drilling, the leader in geothermal drilling technologies, and ZeroGeo Energy GmbH ("ZeroGeo") announce they have signed a Memorandum of Understanding to collaborate in developing a 12MW Hot Dry Rock Geothermal Power Plant in Lower Saxony, Germany ("Projekt THERMO"). This marks the first of many deep geothermal and geothermal energy storage projects in Europe between the two renewable energy leaders.
"We are delighted to be working with GA Drilling to develop and deliver Projekt THERMO, an endeavour primed to be successful and profitable," said John Ashbridge, CEO of ZeroGeo. "Their extensive drilling experience and innovative geothermal drilling technologies, paired with ZeroGeo's network and operations is the right foundation to attract the consortium necessary to finance, build and operate Projekt THERMO."
The partnership brings GA Drilling's industry-leading drilling technology to Projekt THERMO, with ZeroGeo being the operator of the project. This initial project underpins a focus on accessing 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. We're excited to be collaborating with ZeroGeo to help address the power needs in Europe."
ZeroGeo will be attending GeoTHERM 2024, held in Offenburg, Germany between February 29 and March 1, 2024, where the company will share more details on Projekt THERMO and ways other innovators in renewable energy can get involved.
EINpresswire release: www.einpresswire.com/article/690855151/ga-drilling-and-zerogeo-energy-collaborate-on-deep-geothermal-power-project
Contact Information:
ZeroGeo Energy GmbH
John Ashbridge - john.ashbridge@zerogeo.energy
Anthony Hawkins - anthony.hawkins@zerogeo.energy
GA Drilling
Libby Spicer, PR for GA Drilling, media@gadrilling.com
About GA Drilling
GA Drilling, the leader in deep geothermal drilling technology, is changing the economics behind access to this clean, safe, and abundant energy source. Our technology offers a secure solution for a local and independent source of electricity, heating, clean water, and food production. Geothermal energy is the only renewable source of clean and baseload energy, delivering regardless of weather conditions or the day-night cycle. GA Drilling's scalable, modular solutions to zero-carbon emissions energy production offer significant reductions in operational time and cost savings, drilling faster, deeper, and less expensively through any material, including hard rock and steel.
GA Driling's success is the result of years of R&D, 23 registered patents, and supported by a full-time team of over 50 engineers and researchers, industrial funding, investors, some 20 EU research grants, and strategic technology development partnerships with drilling industry leaders from Europe, US, and Asia.
Learn more at www.gadrilling.com.
About ZeroGeo Energy GmbH
ZeroGeo Energy GmbH, a Swiss company, is a leading European renewable energy storage, low carbon power generation and reservoir production optimisation company delivering Energy From Rocks .
ZeroGeo is committed to contributing to the energy transition by delivering low carbon and baseload geothermal power & storage at industrial scale by deploying enhanced geothermal technologies fused with leading energy project implementation and financing expertise.
ZeroGeo Energy has two ongoing projects in Europe:
Projekt THERMO - to bring geothermal power to Niedersachsen in northern Germany.
Projekt TIEF - to bring geothermal power to northern Switzerland.
The Company is led by an experienced Board and senior management team and the Company will leverage its expertise and experience in capital-intensive oil and gas projects, build synergies with our strategic partners, and deploy the latest developments in enhanced geothermal technologies.
Our greenhouse gas emissions will be certified in accordance with the Greenhouse Gas Protocols and our Environmental, Social and Governance (ESG) polices are fully aligned with the UN Sustainable Development Goals.
To find out more, visit www.zerogeo.energy or follow us on Linkedin: https://www.linkedin.com/company/zerogeo-energy/
