Unlike other renewable energy sources, such as wind and solar, geothermal energy runs 24/7, and isn’t subject to seasonal variations as with hydroelectric. And according to CanGEA, the Canadian Geothermal Energy Association, Canada has enough geothermal potential to supply at least 5% of its electricity via geothermal. So why is this only Canada’s first plant?
Deep Earth Energy thinks it has found a winning combination of relatively low cost, location and, most importantly, a proven power resource. The company is taking advantage of existing oil industry data to skip the high cost of exploration, and is using new drilling technology that the company claims is earthquake-safe. It also helps that the Saskatchewan site is in a populated area where the locals are no strangers to energy development, and access roads already exist.
If successful, the company’s planned 5 MW pilot plant will produce enough energy to serve around 5,000 homes.
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