Opendata, web and dolomites


Cutting-edge deep geothermal system and drilling technology suitable for all users and locations

Total Cost €


EC-Contrib. €






 GEODEPOWER project word cloud

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

nov    countries    gwh    lack    venturing    joint    market    noise    developer    17    zero    small    licensees    power    800m    operation    emissions    cooling    deep    almost    enhanced    temperature    loop    owner    000m    office    beginning    combined    fit    generation    pumps    rig    domestic    150    gradients    asker    ratio    sidewalks    rate    wells    roll    lots    area    projected    hours    groundwater    closed    drilling    supplier    environment    geodepower    deployment    demanding    million    completion    deliveries    jobs    plants    rock    internal    geological    founded    round    2017    installation    ideal    2016    trl7    nordic    runways       plant    chp    initially    implies    sme    patented    geothermal    buildings    heating    business    soil    heat    model    space    sports    irr    2023    return    serve    parking    2x1500m    first    energy    airport    ipp    arenas    industrial    constructed    plan    profit    2007    delivering    location    contamination    23    norwegian    outside    fracking    trl6    residential    team    electricity    oslo    densely    populated    occupying    managed    geoscience   

Project "GEODEPOWER" data sheet

The following table provides information about the project.


Organization address
city: OSLO
postcode: 283
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
 Total cost 71˙429 €
 EC max contribution 50˙000 € (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-1-2016-2017
 Funding Scheme SME-1
 Starting year 2018
 Duration (year-month-day) from 2018-01-01   to  2018-04-30


Take a look of project's partnership.

# participants  country  role  EC contrib. [€] 
1    ROCK ENERGY AS NO (OSLO) coordinator 50˙000.00


 Project objective

Rock Energy AS is a Norwegian SME founded in 2007 and managed by a highly experienced team within geoscience, rig, drilling, and energy systems. We have developed GEODEPower geothermal plants based on deep-drilling and enhanced geothermal well-system patented technology capable of delivering energy even in very low geothermal gradients, thus allowing exploitation at any location no matter geological activity. GEODEPower wells reach as deep as to 5,000 m, and through a closed loop system achieve high-energy delivery all year round occupying almost no space. Our technology can fit energy deliveries from 0.3 to 150 GWh/year/well with high utilization ratio in terms of operational hours. Thus, we can serve since low-temperature demanding end users such as residential and office buildings, sports arenas, parking lots, and sidewalks to airport runways, and large industrial users through heat pumps and combined heat and power (CHP) plants. GEODEPower closed-loop operation implies no fracking, no contamination of groundwater/soil, and zero emissions. These features together with the lack of operation noise, and the small area for installation, make them the ideal electricity, heating and cooling supplier in densely populated areas. The first GEODEPower plant to demonstrate the technology in a relevant environment constructed in Asker 2016 (down to 800m) is now in testing phase (TRL6). A plant with 2x1500m wells is planned for Oslo Airport, drilling phase beginning in Nov 2017. After project completion at the airport will be at TRL7. We have projected the roll out of our business plan initially through the Nordic countries, our domestic market, through an IPP developer model enabling to the end user to be plant’s owner. Outside the Nordic market, we are focused on the deployment of 5,000m wells by licensees and joint venturing. We expect €23,3 million profit by 2023, with an Internal Return Rate (IRR) of 17.8% for Rock Energy, and the generation of 70 new jobs.

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The information about "GEODEPOWER" are provided by the European Opendata Portal: CORDIS opendata.

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