Monday, September 15, 2025

Latest

First 20-Megawatt Geothermal Power Facility in Canada Successfully Enters Design Phase

As the shift towards renewable and green energy continues, it appears that a company in Saskatchewan has made a unique breakthrough. Deep Earth Energy Production Corp (DEEP) has announced that it will begin drilling the deepest horizontal well in the province’s history, which will ultimately lead to the construction of Canada’s first ever geothermal power facility.

DEEP plans to start drilling the horizontal well this month, which will be followed by the installation of a large diameter submersible pump. Although this horizontal well is only the first step in the project, it will eventually be turned into a geothermal power facility which can supply 20 megawatts (MW) of power – enough to power 20,000 homes. Moreover, the project is a significant transition towards clean energy in Canada, and has the ability to reduce approximately 114,000 metric tonnes of carbon dioxide each year, the equivalency of eliminating 32,000 vehicles off Canada’s roads.

In terms of powering the geothermal energy plant’s cooling towers, pumps, and lighting, DEEP is looking into using waste oilfield flare gas and solar generation. These methods will create clean baseload power, which will bypass a significant amount of fossil fuel emissions. Going forward, DEEP president and CEO Kirsten Marcia notes that the company eventually plans to transition towards supplying 100-MW of power, thus creating a billion dollar industry for Canada’s renewable energy sector.

In addition to providing clean energy to tens of thousands of homes, the geothermal power plant will also create an assortment of new jobs in Western Canada. As the global price of oil continues to hamper oil-producing regions around the world, many displaced oilfield workers will be looking for a transition in employment. The construction as well as the subsequent operation of the 20-MW geothermal plant will provide a variety of employment opportunities for Canadians.

Information for this briefing was found via DEEP and the Canada Energy Regulator. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

New Found Gold: The Strategic Maritime Resources Purchase

Amex Exploration: Revised Perron PEA Has INSANE Economics

Aris Mining: The Multi Billion Dollar Soto Norte PFS

Recommended

Northern Superior Expands Philibert With 350 Metre Step Out Testing 1.10 g/t Gold Over 25.5 Metres

Goliath Resources Hits 18.58 g/t Gold Over 5.00 Metres At Surebet

Related News

Spain’s Grid Goes Dark After Hitting 78% Renewables

Spain’s ambitious renewable energy mix faced a harsh reckoning as a massive grid failure swept...

Tuesday, April 29, 2025, 10:19:37 AM

South Korea to Build World’s Largest Offshore Wind Farm by 2030

Last week, the South Korean government revealed that it had signed a $43 billion deal...

Sunday, February 14, 2021, 11:23:00 AM

Texas Is Expected to Have Almost Half of Its Power to Come from Renewables by End of 2024

Texas experienced record-breaking electricity demand this summer due to population growth and scorching temperatures. However,...

Tuesday, October 10, 2023, 04:32:00 PM

Anaergia Raises $175 Million, Issues 12.5 Million Shares In Initial Public Offering

Anaergia Inc. (TSX: ANRG) closed its initial public offering today, raising gross proceeds of $175...

Wednesday, June 23, 2021, 10:18:00 AM

Global Demand for Electric Power Soars Past Covid-19 Levels, Surpassing Renewable Energy Growth

Carbon dioxide emissions from global electricity production soared well above pre-Covid-19 levels in first six...

Thursday, August 26, 2021, 01:55:26 PM