USA, Oregon:

AltaRock Energy and ON Energy Form Geothermal Partnership to Advance Clean Power (Digital Journal)

Altarock will use “water hammer” drilling machine to speed up drilling at Newberry Volcano EGS project

AltaRock Energy and ON Energy announced today a partnership to further the commercialization of enhanced geothermal energy as a new source of electric power. The companies have entered into a partnership that will provide advanced tools for geothermal developers, through a joint venture.

According to the agreement, AltaRock’s Stimulation Services LLC business unit will contribute stimulation technology and ON Energy, the exclusive U.S. drilling services partner of South Korean company Hanjin D&B, will provide deep drilling services. By combining technical resources, the companies aim to take a leadership position in the commercialization of products for deep geothermal reservoirs.

This agreement is established on the heels of a successful demonstration in the city of Gwangju, South Korea. Utilizing a novel “water hammer” drilling machine, Hanjin D&B, the Korean manufacturing partner for ON Energy, achieved a depth of over 12,000 feet, at up to ten times the drilling speed of conventional drilling and as much as 50% lower cost. The water hammer is tailored for hard rock and can handle a wide variety of geologic conditions.

AltaRock and ON Energy have planned to collaborate on an integrated demonstration in 2015 at the Newberry Volcano EGS project in Deschutes County, Oregon.

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