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.

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

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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