DeepPower CEO Andrew Van Noy Discusses Advances in Geothermal Drilling with Industry Expert

7 Sep 2023

Malcom Ross states that closed-loop technology has the potential for application in virtually any location across the globe.

Photo finance.yahoo.com

LEHI, Utah, September 6, 2023 (GLOBE NEWSWIRE) -- DeepPower, Inc., the creator of an innovative method for drilling into the Earth to harness its boundless supply of eco-friendly energy, has revealed that CEO Andrew Van Noy held a conversation with drilling technology specialist Malcolm Ross during a recent podcast. The discussion revolved around the latest advancements in geothermal drilling and the advantages of employing closed-loop technology.

In the course of their discussion, Mr. Ross elucidated, "Closed-loop proved to be a game-changing innovation in the field of geothermal energy. Despite the considerable attention and time dedicated to EGS, closed-loop technology offers greater prospects."

Closed-loop geothermal refers to a self-contained system where a unique liquid is sealed and transferred in a loop to harness warmth from the earth's depths. This gathered heat can then be applied for various business purposes, including power generation.

A boosted geothermal system (EGS) is an upgraded geothermal technique that includes excavating deep boreholes beneath the earth's surface in scorching arid stone, forming cracks to establish reservoirs, and subsequently circulating water through the boreholes and reservoirs to warm the water utilizing the subterranean heat.

Mr. Ross added, "Shell made a conscious decision not to explore geothermal energy in their new energy ventures due to its limited geographic scope. They estimated that only 9% of the planet would be suitable for geothermal energy, whether it be the traditional method or the EGS-based approach, as it was too geographically constrained. Therefore, in my opinion, the game-changer was the introduction of closed-loop systems, which allowed geothermal energy to be harnessed in almost 80-90% of the planet."

According to Mr. Ross, temperature plays a significant role in this matter. The relationship between temperature and the amount of energy obtained is not a straightforward one. Consequently, a slight increase in temperature can greatly enhance energy production. Therefore, reaching higher temperatures is crucial in order to have a significant impact on the energy system.

Malcolm Ross is an experienced professional who has worked in different positions in the energy industry. Currently, he works as a Black Swan Detector at the University of Texas at Austin on a part-time basis since October 2020. In addition to this role, Mr. Ross has been teaching at Rice University for the past ten years as an Adjunct Faculty and Lecturer. Throughout his 13-year career at Shell and other academic institutions, he has make notable contributions to the field. At Shell, he worked as a Black Swan Detector where he discovered new and groundbreaking technologies, as well as a Research Scientist specializing in renewable energy and geothermal energy. He played a vital role in strategic projects and significantly advanced understanding of basin formation and evolution. His career has been defined by his expertise in identifying risks, fostering innovation, advising startups, and driving strategic growth in the energy sector.

You can check out this podcast by visiting the following link: https://www.youtube.com/watch?v=vHfiinBvn8g

Deep Power is creating a revolutionary drilling technology to tap into the Earth's abundant, environmentally-friendly geothermal energy. The Earth's molten core is incredibly hot, similar to the Sun, and even utilizing just 0.1% of this immense heat can fuel humanity for an astounding 2 million years. Unfortunately, previous drilling methods have been restricted in reaching the depths necessary to make geothermal energy economically viable. However, we are actively working to develop a range of advanced drilling systems that are both low-cost and capable of handling high temperatures and pressures. With these innovative technologies, we will venture into uncharted depths, unlocking even larger quantities of energy. Remarkably, a mere 9-inch hole that extends 5 miles down can generate the same amount of power as a sprawling 320-acre solar panel farm. Our goal is to provide every city, state, and country with direct and independent access to this unparalleled, everlasting source of green energy, effectively connecting them to the Earth like a power plug.

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