Geothermal Industry Faces Same Challenges As Oil Industry

Igor Kocis, CEO of Geothermal Anywhere in Slovakia, discusses the emerging UltraDrill technology in order to drill to greater depths, where the energy and heat is greater which is needed for electricity generation.  In Slovakia, the technology isn’t yet there to extract geothermal energy in mass quantities for electricity generation.  It’s the billion dollar question I suppose as companies are trying to figure out ways to cost effectively drill deeper and deeper.  Reminds of another industry.. hmmm.. the oil industry perhaps?