Friday, February 24, 2017

Science & Technology: Geothermal Drilling Solution Increases Rate of Penetration by Up to 10x

HyperSciences raises $690K to use rocket technology for geothermal drilling (Geek Wire)

HyperSciences, a startup that uses rockets to drill for geothermal energy, has raised $690,000 of a $1 million funding round.

The fresh cash comes from Washington Research Foundation, Kick-Start II, Cowles Company and The Toolbox, HyperSciences CEO Mark Russell confirmed on Friday.

The Spokane, Wash. startup is designing new drilling methods to make it more cost-effective to access geothermal energy. It will use the funding to continue development of its HyperDrill and HyperBreaker tunneling machine prototypes, in addition to testing its ThermoElectric Generator (TEG) technology.

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