With drilling costs at 40-70% of the overall project costs in geothermal energy development, any small advance in drilling technology can significantly benefit project economics. Fundamental changes in how companies drill for heat resources has the potential to create revolutionary change in the cost of geothermal project development.

One such fundamental change would be a transfer from conventional bit technology to thermal-based drilling technology.

After four years of intensive development, the company Geothermal Anywhere achieved a key milestone: the first field test prototype of its PLASMABIT technology. PLASMABIT is a groundbreaking plasma-based deep drilling system and rock disintegration method, with the potential to be a cost-effective drilling technology for the future.

PLASMABIT solution is suitable primarily for extreme pressure and temperature conditions, and has all pre-requisites to meet the basic requirement – linear price growth with bore depth. In comparison to present-day technologies it offers several significant advantages including frictionless drilling, no tripping, higher drilling speeds, enhanced well stability, higher production fluid flow, and improved safety.