Eavor is a Canadian geothermal company that does closed loop systems with diamond drills and insulated drill pipe. https://www.eavor.com/technology/
Closed loop and insulated pipe allows a geothermal project to be drilled into hot rock, which is pretty much everywhere, even if there is no water.
They have a demonstration project in Alberta, a 'commercial' project in Geretsried, Germany (4500 meters, 64MW thermal, 8.2MW electric) and a deep demonstration project in New Mexico (5500 meters, no news since early 2023).
From the company website, it looks like the projects work though Eavor doesn't give any data on their projects that would help calculate the economics. The heavy presence of government in their media suggests that, at least for now, significant government involvement is required to get projects built.
Closed loop and insulated pipe allows a geothermal project to be drilled into hot rock, which is pretty much everywhere, even if there is no water.
They have a demonstration project in Alberta, a 'commercial' project in Geretsried, Germany (4500 meters, 64MW thermal, 8.2MW electric) and a deep demonstration project in New Mexico (5500 meters, no news since early 2023).
From the company website, it looks like the projects work though Eavor doesn't give any data on their projects that would help calculate the economics. The heavy presence of government in their media suggests that, at least for now, significant government involvement is required to get projects built.