The oil industry is driving Canada’s first commercial geothermal power project as Saskatchewan pushes on with its 50-percent-renewables goal for 2030
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| Kirsten Marcia, DEEP CEO |
In February, Saskatoon-based Deep Earth Energy Production (DEEP) will start drilling as part of an $8 million feasibility/FEED study into what would be Canada’s first commercial geothermal power project. Regina-based MPM Construction Services is investing the money in the project in exchange for equity in DEEP. The work plan and final reporting will be completed by GeothermEx, a Schlumberger company.
Kirsten Marcia, DEEP CEO says DEEP aims to produce the first baseload power in 2.5 years due to the long lead time on turbines. The project currently anticipates 5 MW net power capacity from a 10 MW plant—half the power will be consumed driving the system—which could double if the study shows that’s the best option.
