“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 Energy is a Swiss company 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. The company is currently working on two geothermal power projects in Europe – Projekt THERMO in Lower Saxony, Germany, and Projekt TIEF in northern Switzerland.
We have reported closely on the progress of Projekt THERMO, starting with the commencement of an Air-FTG survey in the Lower Saxony region in late 2022 and its completion in early 2023. ZeroGeo has since signed high-impact partnerships with Sage Geosystems and Eden GeoPower.
GA Drilling is a deep geothermal drilling technology company developing innovative drilling solutions that offer significant reductions in operational time and cost savings, drilling faster, deeper, and less expensively through any material including hard rock and steel. In 2023, GA drilling conducted the first public demonstration of its new deep drilling tool, ANCHORBIT®, a downhole walking system that prevents vibrations and improves stability when drilling with rotary systems in the hard and abrasive formations.
