DEEP Earth Energy Production Provides Update on Geothermal Power Generation Facility
DEEP Earth Energy Production Corp. announce that a strategy for the engineering, construction, and commissioning of DEEP’s first geothermal project in southeast Saskatchewan has been finalized. Engineering and procurement activities have commenced. Field construction is planned for Q3, 2023.
Geothermal power generation has the capacity to provide renewable, reliable baseload energy (24/7), and the DEEP project in Saskatchewan is anticipated to be the first Canadian 100% naturally sourced geothermal power facility.
DEEP has concluded that the reservoir characteristics could support the construction of multiple geothermal expansion facilities in southeast Saskatchewan over several years. DEEP is grateful for the ongoing support from Natural Resources Canada, SaskPower and private partners as DEEP is now firmly positioned to convert its geothermal resource into renewable energy.
“We are a go,” said DEEP CEO, Kirsten Marcia. “There is a market that is hungry for truly sustainable, renewable power projects. The technology is proven, the leases are in place and initial government funding is confirmed.”
DEEP is positioned to move forward with the construction phase of a 25 MW power facility in southeast Saskatchewan, which includes a 5 MW power purchase agreement with SaskPower. The facility is planned to be constructed in 2 phases – 5 MW followed by an additional 20 MW at the same location. Production and injection wells are planned to be drilled to a depth of approximately 3.5 kilometres and horizontally for an additional 3 kilometres.
The subsurface geological reservoir model predicts that the well spacing for the first 25 MW field development will utilize only 10% of DEEP’s entire subsurface lease that covers 39,568 hectares (97,775 acres).