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South Australia backs geothermal drilling tech startup CoilRig

Summary by Energy Source & Distribution

The South Australian Government is supporting Adelaide-based start-up CoilRig, whose mission is to commercialise new technology that will make installing geothermal heat pumps cheaper, safer and more efficient. CoilRig has developed an innovative coiled tubing drilling rig that offers drilling operators and consumers a cost-effective solution for installing geothermal heat pumps—an underground pipe system using geothermal energy to heat and cool…

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onestepoffthegrid.com.au

Home grown geothermal heat pump technology gets state and federal backing - One Step Off The Grid

The federal Australian and state South Australian governments have awarded a pair of grants to local geothermal drilling start-up CoilRig to support the commercialisation of their innovative coiled tubing drilling rig. Over the space of a few days, CoilRig secured a $450,000 Seed-Start grant from the South Australian government’s Research and Innovation Fund, as well as a further $250,000 Commercialisation and Growth grant through the federal go…

6 days ago

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Pump Industry Magazine

SA Gov taps into underground geothermal heat pumps - Pump Industry Magazine

Image: CoilRig, South Australian Department of State DevelopmentThe South Australian Government is supporting a start-up in Adelaide to commercialise innovative technology that will reduce the costs, risks and inefficiencies of installing geothermal heat pumps – in response […] The post SA Gov taps into underground geothermal heat pumps appeared first on Pump Industry Magazine.

7 days ago

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