Scotland’s Gravitricity is set to deploy its underground energy storage technology at Pyhäsalmi Mine in central Finland, Europe’s deepest zinc and copper mine.
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Intention is to drill the deepest bore hole in Europe, generate green electricity and test new use cases for the technology.
Slovakian company GA Drilling, Finnish company Finest Bay Area Development Oy and the Finnish Pyhäjärvi city owned development company Callio have agreed to start preparing for testing, developing and further on operating the GA Drilling PLASMABIT
® based technology geothermal solution at the Pyhäsalmi mine. Intention is to drill the deepest geothermal bore hole in Europe and generate green electricity and test new use cases for the technology.
Today drilling cost is the limiting factor for ultra-deep geothermal exploitation. GA Drilling have developed a technology that can make geothermal energy a ubiquitous and affordable primary energy source, offering a real green alternative to fossil fuel. With PLASMABIT