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ECO-DRILLING SIGNED

Environmentally efficient full profile drilling solution

Total Cost €

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EC-Contrib. €

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Partnership

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 ECO-DRILLING project word cloud

Explore the words cloud of the ECO-DRILLING project. It provides you a very rough idea of what is the project "ECO-DRILLING" about.

hydropower    performance    life    subsystems    trl    wp1    length    solution    global    validation    optimise    wp3    eco    company    emissions    drill    string    positions    prototyping    piloting    integrate    drilling    accumulate    rotatory    full    final    disruptive    wp2    accumulated    2km    trl8    environmentally    operations    sme    building    co2    successfully    revenues    42    roi    boost    upwards    0m    environmental    pilot    vision    settings    generate    860    functionalities    benefits    temporary    1km    proyections    commercialisation    trl9    trl7    traction    50    market    unfeasible    time    profile    subset    locations    readiness    plants    reduce    elevating    138    distances    annual    difference    37    prototype    closure    cut    profits    piloted    heads    eliminating    estimate    roads    least    sales    significantly    61    5m    commercialise    maturation    13    mountain    economic    directional    service    altitude   

Project "ECO-DRILLING" data sheet

The following table provides information about the project.

Coordinator
NORHARD AS 

Organization address
address: FINSAVEIEN 9
city: TONSTAD
postcode: 4440
website: n.a.

contact info
title: n.a.
name: n.a.
surname: n.a.
function: n.a.
email: n.a.
telephone: n.a.
fax: n.a.

 Coordinator Country Norway [NO]
 Project website https://norhard.no/horisont-2020-2
 Total cost 2˙811˙875 €
 EC max contribution 1˙968˙312 € (70%)
 Programme 1. H2020-EU.3.3. (SOCIETAL CHALLENGES - Secure, clean and efficient energy)
2. H2020-EU.2.1.1. (INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies - Information and Communication Technologies (ICT))
3. H2020-EU.2.3.1. (Mainstreaming SME support, especially through a dedicated instrument)
 Code Call H2020-SMEINST-2-2016-2017
 Funding Scheme SME-2
 Starting year 2017
 Duration (year-month-day) from 2017-09-01   to  2020-02-29

 Partnership

Take a look of project's partnership.

# participants  country  role  EC contrib. [€] 
1    NORHARD AS NO (TONSTAD) coordinator 1˙968˙312.00

Map

 Project objective

The overall vision of the ECO-DRILLING project is to prototype, pilot, and commercialise our cost-effective and environmentally friendly full profile directional drilling technology for the global hydropower sector. ECO-DRILLING is the only solution capable of drilling upwards over long distances and high heads (up to 2km drilling length-1km altitude difference) using a non-rotatory drill string. Our disruptive technology has the potential to cut annual CO2 emissions with 13,860 tonnes in 5 years according to our sales proyections, reduce the environmental impact of drilling operations (e.g. by eliminating the need for building temporary access roads to the mountain top), and drilling costs by 50%. ECO-DRILLING will support the development of hydropower plants at locations currently unfeasible due to technical or environmental challenges. We have defined a subset of specific objectives covering final prototyping, validation, and commercialisation readiness activities. Achieving them will bring us to a wide market uptake. 1) Technology maturation objectives (WP1) to optimise the functionalities of ECO-DRILLING’s subsystems and integrate them into the final prototype to be piloted in real-life settings, raising ECO-DRILLING TRL from TRL7 to TRL8. 2) Piloting and validation objectives (WP2) to demonstrate ECO-DRILLING’s technical and economic performance, functionality, and user benefits through a large-scale piloting in real-life operating settings, elevating eco-drilling from TRL8 to TRL9. 3) Commercialisation readiness objectives (WP3-6) enabling us to successfully bring the ECO-DRILLING service to the market and reach sales traction beyond Phase 2. Through the ECO-DRILLING SME Phase 2 project we will significantly boost the growth in our company. We estimate that by year 5 after project closure, we will reach accumulated revenues of €138.0m, generate at least 37 new full-time positions, and accumulate profits of €61.5m, with 6.42 ROI.

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