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PLASMABIT®
A drilling tool for making geothermal wells possible anywhere
01.
Identification
Geothermal energy is the only renewable source of clean and baseload energy, available 24/7/365. It works regardless of weather conditions or the day-night cycle. GA Drilling is developing a revolutionary tool, which is using plasma drilling to access untapped energy potential that our Earth offers. This intelligent drilling platform PLASMABIT® overcomes all current deep-drilling challenges. With our unique technology, we can drill to the previously prohibitive depths of up to 10 km and unlock clean, inexpensive, baseload geothermal energy anywhere. By combining PLASMABIT® solution with conventional off the shelf modular system, in conjunction with engineering, procurement, and construction partners, GA Drilling delivers ultra-deep geothermal energy at low cost anywhere. By accessing very high temperatures in depths, PLASMABIT® will unlock the whole cascade of applications, which can turn geothermal power into the most versatile, constant and least expensive source of energy available.
Sector
Application
Target client profile
Tags
Label Date
February 10, 2021
By
GA Drilling
From
Slovakia
Maturity stage
Prototype testing 1:1 in the lab
Looking For
Network, Visibility, Funding, Partners, Credibility
- Video
- /
- Images
02.
The environmental benefits
- •PLASMABIT® can achieve at least 3 times higher ROP ( rate of penetration) than rotary bits in hard rock formations such as Granite, Quartzite, Gnei - reaching an average ROP of 1-3m/h in igneous/metamorphic rocks
- •Faster tripping times: Conventional rigs will trip around 350 m/h and PLASMABIT® coil will safely trip at around 1,000 m/h – almost 3x as fast
- •Ecology - substantial noise reduction: Coil Tubing based PLASMABIT deployment and the Hybrid Rig design will ensure that drilling operations will have no noise generation above ground
- •Could save up to 30% of annual global power sector CO2 emissions by 2040
- •Aims at reversing the current 75% of fossil fuel energy scenario in 2035
- •Brings the missing clean baseload element to the current renewable energy mix (solar, wind)
03.
The Financial benefits
- •The only available clean baseload energy with competitive costs - offering a levelized cost of electricity bellow 50 € per MWh.
- •PLASMABIT's cost per 1 meter drilling in hard-rocks in deep depth (high pressure) is decreased 3+ times compared to conventional: 1000€ instead of 3500€+
- •PLASMABIT is changing the paradigm, transforming drilling costs growth per meter from today's exponential into linear
04.
Activity Region
- Headquarters
- Activity
05.
Company Profile
GA Drilling
GA Drilling is a high technology company headquartered in Bratislava with branches in Bristol, Abu Dhabi and Houston.
View company profile Solution website
Headquarters
841 07 Bratislava, Slovakia
06.
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08.
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The information set out above, is solely for the purposes of information and the Solar Impulse Foundation does not provide any guarantee as to its authenticity, completeness or accuracy. This information does not constitute investment advice or a recommendation to buy into, transact or to enter into any agreement with any of the parties or persons mentioned above. Potential investors or interested parties are solely responsible for their investment or business decisions and for performing any due diligence required by the circumstances.