DEEP Commences Geothermal Power Drilling & Strategic Alliance with Epoch Energy (News Release)
DEEP has also signed a power purchase agreement with SaskPower
(Video 1:49 Minutes)
DEEP Earth Energy Production Corp. (DEEP) is pleased to announce that it has commenced drilling on the first well for its geothermal power facility, located in Southeast Saskatchewan. This drilling is required as part of the final construction engineering for a 5 megawatt (MW) power facility. Final testing results from the drilling program will refine the assumptions made on the reservoir and effectively optimize the design parameters. This will be Canada’s first geothermal facility and will be a transformative energy innovation for the Saskatchewan.
This drilling program is supported by a private placement from one of the founding partners of Epoch Energy Development, a geothermal company established to unlock heat energy in Canada. Epoch commercializes geothermal resources in partnership with municipalities, First Nations, resource companies, industry, and food growers. The investment is part of a strategic alliance between DEEP and Epoch.
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