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Stock impact report

Magma Power Secures 19th Issued Patent, Advancing Breakthrough Geothermal Drilling Technology [Yahoo! Finance]

Precision Drilling Corporation (PDS) 
Last precision drilling corporation earnings: 4/30 06:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
6 min read NEW YORK Feb. 14, 2025 /PRNewswire/ -- Magma Power, the global leader in next-generation geothermal energy solutions, has been granted its 19th issued patent, solidifying its dominance in the development of revolutionary drilling technologies that enable access to magma reservoirs for renewable baseload power generation. This latest patent covers a proprietary method for detecting and drilling through transition zones between solid rock layers and underground magma, significantly improving the efficiency, safety, and scalability of geothermal energy extraction. Pioneering the Future of Renewable Energy The new patent introduces a multi-stage drilling system that enables precise identification and controlled penetration of the transition zone, a critical boundary between solid rock and partially molten magma. By continuously monitoring torque, weight-on-bit, pump pressure, cuttings analysis, temperature fluctuations, gas emissions, and acoustic data, Magma Power's tec Show less Read more
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