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Bratislava 17th February 2009 (GEOTHERMAL ANYWHERE): Slovak company Geothermal Anywhere has been granted US$ 3.7 million in EU research funding. The end of exponential growth of costs for geothermal and hydrocarbon drilling deeper than 5-6 km could become a history soon.
The exponential growth of costs associated with [...]

Geothermal Anywhere company and its partners received together three public grants of total US$ 3,700,000 from EU funds (more information here). The first one we described in the previous article. This flagship project is focused on core rock disintegration technology. The other two, with the total value of almost US$1,600,000, aim to do research and [...]

Geothermal Anywhere company was granted by total US$ 3,700,000 in order to do applied research in the field of ultra deep drilling, for three ULTRADRILL technology pillars. The flagship pillar project “Applied research and development of innovative drilling technology for ultra deep geothermal wells” has been awarded with value of more than US$ 2,100,000.
In other [...]

Company Geothermal Anywhere is developing new innovative drilling platform, based on non-contact method that would enable to drill ultra deep, to depths of 6-10 kilometers cost effectively.
Reported on company’s website, „in August 2009, Geothermal Anywhere submitted proposals under the Agency of the Ministry of Education of the Slovak Republic for the Structural Funds of the [...]