Friday, February 15, 2013

Canada:

Borealis GeoPower Receives $2.4 Million Investment (Benzinga)

Efforts to tap precisely into Canada's geothermal energy reserves took a step forward today with the announcement of a $2.4 million investment in Calgary-based Borealis GeoPower's optimal geothermal exploration project by Sustainable Development Technology Canada (SDTC).

Borealis GeoPower's optimized geothermal exploration methodology is a carefully ordered set of processes and technologies that builds up an increasingly accurate picture of a geothermal resource, allowing the drilling of production wells precisely where they have the highest probability of hitting commercially-viable amounts of hot water.

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