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Stock impact report

DEEP Earth Energy and SLB link for geothermal power project in Canada [Yahoo! Finance]

Ormat Technologies, Inc. (ORA) 
Last ormat technologies, inc. earnings: 2/25 04:30 pm Check Earnings Report
US:NYSE Investor Relations: investor.ormat.com
Company Research Source: Yahoo! Finance
Power Technology · DEEP Corp. GlobalData Thu, January 30, 2025 at 5:13 PM GMT+1 2 min read DEEP Earth Energy Production has partnered global energy technology company SLB to advance the development of Canada's inaugural geothermal project in southeast Saskatchewan. With its feasibility phase now concluded, the project is expected to generate 30MW of emissions-free, baseload power upon completion of its first two phases. The initial 5MW phase is set for full commissioning by 2026, with a staged expansion targeting 180MW of renewable power generation. SLB will provide engineering design and integrated well construction services for phases one and two of the project, which includes the development of two production wells and two injection wells in phase one and up to 18 wells in phase two. The approach will harness the natural permeability of the sedimentary rock formation, facilitating the reliable, cost-effective, and more sustainable production of geothermal energ Show less Read more
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