DEEP Geothermal Signs Agreement With SaskPower
Deep Earth Energy Production Corp. (DEEP) is a Saskatchewan privately held corporation with a mission to develop Saskatchewan’s geothermal resources for power generation. DEEP’s vision is to be a producer of secure, stable and sustainable energy.
DEEP will harness high-quality geothermal resources with existing drilling and power generation technologies to establish a long-term renewable baseload (24 hours a day, 365 days a year) power supply. DEEP’s long-term goal is to develop hundreds of megawatts (MW) of baseload power facilities from small, scalable and repeatable 5-20 MW power plants, each which could power up to 5,000 households.
SaskPower and DEEP signed a power purchase agreement that will allow further research into the potential for Saskatchewan’s first geothermal power project. Geothermal power generation passes hot water through an exchanger, creates steam and drives a turbine to produce electricity. The signed agreement allows DEEP to continue a proof of concept study to determine the feasibility of a five-MW project near Estevan. The proposed plant would generate renewable, zero emission, baseload power from a hot aquifer three kilometres under the Earth’s surface. “We’re pleased to complete this agreement with SaskPower as another step towards the commencement of Canada’s first geothermal power facility in southeast Saskatchewan,” said Kirsten Marcia, P.Geo., President and CEO of DEEP.
“DEEP’s Saskatchewan power facility will launch a brand new clean energy sector for the country, and we anticipate significant job creation during the construction and operation of the facility.”
The electricity provided by the proposed plant would generate roughly the power required by 5,000 homes and offset about 40,000 metric tonnes of carbon dioxide per year – equal to taking more than 8,000 cars off the roads annually.
DEEP is currently a one-woman shop with Marcia at the head. She also works with a number of geological and engineering contractors including RESPEC (formerly NorthRim).