fbpx

Drilling commences with bit dedication ceremony for the world’s first commercial Eavor-Loop™ in Geretsried

Construction work for the world’s first commercial Eavor-Loop™ in Geretsried is entering an important phase. Following the traditional drilling bit dedication ceremony, drilling operations will begin on Drill Site A. Drilling operations are also scheduled to start on the second drill site in a few weeks. Two of the largest drilling rigs in Europe will be used. They will be used in parallel to construct an underground heat exchanger using Eavor-Loop™ technology at a depth of 4,500 meters, which will produce reliable energy for municipal heating and power supply without hydrothermal deposits.

Hawaii pushes for more investments to fund further geothermal research

Hawaii State Senator Glenn Wakai has proposed bills that would provide additional funding for the Hawaii Groundwater and Geothermal Resources Center (HGGRC), which is located at the University of Hawaii. Senate Bill 458: Relating to Geothermal Royalties, was proposed earlier this year by the state to cap royalties collected by the state of Hawaii, and redistribute more of those royalties to Hawaiian counties. The purpose of this redistribution is to fund geothermal research projects, specifically to further discovery and development of geothermal resources.

Get In The Loop