Kirsten Marcia is the founder of DEEP and its President and CEO. Ms. … Marcia considers herself a resource entrepreneur who has participated in the formation and early stage development of Saskatchewan resource companies.
Is Deep Earth Energy Production publicly traded?
DEEP is a Saskatchewan privately held corporation with a mission to develop Saskatchewan’s geothermal resources for power generation.
What are the downsides to geothermal energy?
Various Cons of Geothermal Energy
- Suitable to Particular Region. …
- Geothermal Power Has High Initial Costs. …
- Cost of Powering the Pump. …
- Geothermal Power May Cause Surface Instability. …
- Environmental Concerns. …
- High Temperatures Needed. …
- May Run Out of Steam. …
- Sustainability Issues.
How deep is a geothermal power plant?
Geothermal Power Plants At a geothermal power plant, wells are drilled 1 or 2 miles deep into the Earth to pump steam or hot water to the surface.
Is geothermal energy used in Saskatchewan?
DEEP is focused on developing geothermal in Southern Saskatchewan because the region’s unique geology hosts high temperature and high-volume fluids exceeding 120C required for power generation.
What country is the largest producer of geothermal energy?
US US. With an installed capacity of 3,639MW in 2018, the US is the leading producer of geothermal energy across the world, producing 16.7 billion kilowatt hours (kWh) of geothermal energy throughout the year.
How many years would it take for the geothermal system to pay for itself?
It takes 2 to 10 years for a geothermal setup to pay for itself. Current utility rates and how energy efficient your home is are some of the factors that affect the payback time.
Does geothermal heating work in cold climates?
The answer to this is yes, geothermal heat pumps can and do work just fine in cold winter climates. … This is because heat energy from the sun is stored in the earth. So, rain, shine, sleet, or snow, it’s always around 55 degrees Fahrenheit at about 10 feet below ground.
Can geothermal produce electricity?
Geothermal energy can heat, cool, and generate electricity: Geothermal energy can be used in different ways depending on the resource and technology chosenheating and cooling buildings through geothermal heat pumps, generating electricity through geothermal power plants, and heating structures through direct-use …
How far down do you have to dig to get geothermal energy?
How deep do you have to dig? For a horizontal loop you only need to dig between 6 – 8 feet deep. For a vertical loop you need to drill between 250 and 300 feet deep.
Will geothermal energy run out?
Myth: We could run out of geothermal energy Geothermal energy is a renewable energy and will never deplete. Abundant geothermal energy will be available for as long as the Earth exists.
What is the deepest geothermal well?
He works on the DEEPEGS project, partly funded by the EU, under which a team of geothermal researchers recently drilled the world’s deepest well in an active volcanic area – the HS Orka geothermal field in Iceland – reaching a depth of 4 659 metres.
Does Alberta have geothermal energy?
Although Alberta’s potential for Natural Geothermal is limited, the inventory of existing wells with high bottom-hole temperatures, the availability of synergistic industries and skills, and technological advances and innovation in Emerging/Enhanced Geothermal technologies and techniques may create opportunities within …
How deep is geothermal in Canada?
Each well will be drilled to a vertical depth of approximately 3.5 kilometers (km) and a horizontal length of approximately 2 km. The subsurface development area for each 20 MW block measures approximately 5 x 8 km, while the surface disturbance is approximately 300 x 300 metres.