GA Drilling Announces First Close of $15M to Accelerate the Delivery of Deep Geothermal Energy
HOUSTON, April 18, 2024 (GLOBE NEWSWIRE) -- Today GA Drilling , the leader in deep geothermal, announced the first close of $15 million in financing after a series of successful tests.
- HOUSTON, April 18, 2024 (GLOBE NEWSWIRE) -- Today GA Drilling , the leader in deep geothermal, announced the first close of $15 million in financing after a series of successful tests.
- Delivering deep geothermal faster and at deeper depths while remaining cost-effective is how the company will go from delivering megawatts of energy to terawatts.
- “The excitement around deep geothermal is well placed given that our innovations have taken the estimates for the geographical availability of geothermal energy from 3% to 70+% of the planet,” said Igor Kocis, co-founder and CEO of GA Drilling.
- “GA Drilling has the IP and experience to address every step from deep geothermal drilling systems to repurposing existing oil and gas assets.