CeraPhi Energy signs exclusive agreement with drilling specialist

Greenglove Boreholes drill rig (source: Greenglove Boreholes)

UK-based CeraPhi Energy has signed exclusive Heads of Terms with Greenglove Boreholes to drive large-scale industrial, urban geothermal heat networks in the midst of the UK’s growing energy crisis.

GreenGlove Boreholes are market leaders in geothermal drilling and are fast building a multi-disciplined nationwide drilling expertise and has recently invested in excess of £3m in next generation drilling technology.

The exclusive agreement for the UK and Ireland focuses on deep drilling capability for wells up to 1500 meters in depth using state of the art next generation equipment for the installation of CeraPhi’s patented technology for advanced closed loop using its downhole heat exchanger drawing heat from the subsurface at commercial scale being used for different applications including:

• Low Temperature Heat Networks
• Low Temperature Climatised Agriculture
• Medium Temperature Heat Networks
• Medium Temperature Heating Systems and Industrial Processes
• Desalination and Water Treatment
• Power Generation
• Green Hydrogen through Electrolysis

“The decarbonisation of heat represents a huge challenge to the UK’s net zero goals and the current cost increase of energy specifically heat is a direct result of high prices of fossil fuels such as Gas and Oil and we have to move away from our dependency of these fuels within our day to day energy mix. By using the abundance of energy for the heat beneath our feet using our closed loop CeraPhiWell system we can access the inexhaustible energy anywhere with zero environmental risk, requiring no hydraulic fracturing, no use of water and providing enough energy within the next 10 years to solve our energy crisis for good providing clean affordable baseload energy for everyone.” said CeraPhi Energy CEO Karl Farrow.

“This alliance stands to bring about a significant step change and shift in the commercial scalability and effectiveness in the use of heat networks within the decarbonisation process. It will also bring wider acceptance of using heat as a direct source of energy, whether for space heating or cooling.” added Farrow.

“GreenGlove Boreholes Ltd are pioneers in the geothermal drilling industry, we pride ourselves in pushing the boundaries to innovate new concepts to drive geothermal energy and enable it to be accessible to the masses on a global scale, at an affordable rate. With our countries mission to become net zero by 2050 in our sights, our team is working tirelessly to present further offerings to our suite of services.” said GreenGlove Boreholes Technical Director Paul Fowler.

“Having secured the strategic exclusivity with CeraPhi Energy, this will enable us as a partnership, to offer a complete package solution to the end-user market. CeraPhi’s experience and knowledge in the O&G sector is second to none and we are extremely excited to see how far we can take the geothermal offering with them over the coming years.”

A few weeks ago, CeraPhi Energy had been selected as one of 20 organizations eligible to receive funding from a competition held by the Net Zero Technology Center (NZTC).

Source: CeraPhi Energy via Linkedin