Slovakian GA Drilling has been awarded the Solar Impulse Efficient Solution Label for its advanced plasma-based technology for geothermal deep drilling applications.
The company’s PLASMABIT® will make clean base-load energy available beneath 70 percent of the earth’s surface replacing coal and fossils. The #1000solutions program was launched by Bertrand Piccard, the first man to fly around the world in a solar-powered aeroplane to promote innovations that help to face the environmental challenges of our times.
To receive the “Solar Impulse Efficient Solution” Label, PLASMABIT® Technology by GA Drilling was assessed by independent experts with at least five years of experience in one of the applications of the Solution. The technology passed five criteria that are based on verified standards and are covering the three main topics of Feasibility, Environmental and Profitability.
As the only true 24/7 base-load renewable energy source, geothermal energy is an essential answer to the current global de-carbonization challenge. The exploitation of ultra-deep geothermal energy can unlock not only unlimited power but also be very financially attractive. The reason is that water of 400°C in depths contains five times as much energy as water at 200°C in a typical shallow geothermal well. A major obstacle to deeper drilling has been the exponential cost of drilling beyond five kilometres which makes the project unattractive since the consumer price of the power will no longer be competitive with other resources. GA Drilling has developed its patented plasma-based technology for faster and thus more cost-effective drilling through hard rock for access deep and ultra-deep geothermal energy.
“Our solution meets all criteria defined by the Solar Impulse Fund. We enable cheap, clean energy on demand anywhere, which is environmentally friendly and profitable for state economics, energy providers as well as consumers. After years of technical verification and final validation by industries, we are implementing commercial pilots to provide clean energy in countries that are early adopters, which is feasible. I hope. that the elite group of #1000solutions companies, we became a proud member of, will improve the sustainability and health of our planet – there is very little time left,” – said Igor Kocis, CEO and co-founder of GA Drilling.
About the “Solar Impulse Efficient Solution” Label
One of the first labels for positive impact businesses bringing together the protection of the environment and financial viability, the “Solar Impulse Efficient Solution” Label is attributed following an assessment performed by external independent experts. In collaboration with renowned institutions, solutions applying for the label must go through a neutral methodology based on verified standards. This label serves as an award for clean and profitable solutions.
About the Solar Impulse Foundation
The Solar Impulse Foundation is dedicated to accelerating the implementation of clean and profitable solutions. Moreover, the Foundation is helping decision-makers in businesses and governments to achieve their environmental targets and adopt more ambitious energy policies, which are necessary to pull these solutions to market. A way to carry the success of the first solar-powered flight around the world further.
Source: Company release