Testing was completed in Australia in January where Strada was able to demonstrate the advantages of their unique system, allowing a significantly higher drilling rate in hard rock, deeper drilling capability and better safety due to downhole condition controllability.
This important final testing results follow the approval of Strada’s patented system by the Lloyds Register, which found that the new technology could achieve depths of over 6,000 meters, and was capable of reducing drilling costs by up to 70% in comparison to existing technologies, due to quicker drilling, longer drill bit life and reduced mobilization costs.
Strada CEO Ben Strange commented, “Geothermal energy has the greatest potential of any renewable resource on the planet today. Until now, it has been one of the least used. Strada are incredibly excited to launch a proven drilling solution that can disrupt global energy markets by unlocking previously unattainable geothermal resources, anywhere in the world. Our patented technology has the potential to solve the world’s electricity, district heating, cooling and clean water needs, all from a renewable resource.”
Strada’s patented FHOS uniquely combines the advantages and safety aspects of the mud rotary system with the high penetration rates in hard formations found in air hammer percussion drilling systems, and can be easily adapted to most drilling rigs. This game-changing technology enables mankind to unlock limitless energy potential through pioneering innovation, reducing costs and improving efficiency with hard-rock drilling. Strada aims to increase international awareness of accessing this energy source that can be viably accessed by their patented FHOS.
In 2016, using air hammer technology coupled with experience, the Strada team was able to drill to 4,520 meters in the hardest rock formations in Finland in just 89 days. Now fully tested, the FHOS technology delivers furthercost saving and safety advantages for global geothermal energy and underwater drilling for critical infrastructure projects and governments who have committed to achieving Tier 4 emissions regulations.
Currently the world uses about 7000 MW of geothermal energy, yet the potential for vast clean, baseload power is right under our feet. Geothermal projects have been limited due to the difficulty, expense and geographical restrictions of drilling down far enough to reach that energy. Strada’s proven technology solves those issues, allowing for deeper drilling and cost-effective access, and unlocking new sources of geothermal energy.
