19.02.2016

St1 to start drilling deep-rock wells for geothermal energy in Otaniemi

Finnish energy company St1 has made an investment decision to construct a geothermal heat pilot plant in Otaniemi, Finland. St1 Deep Heat Oy has made an investment decision to construct a geothermal heat pilot plant in Otaniemi, Espoo. The plan is to start drilling the wells reaching down to a depth of seven kilometres in late March or early April.

The pilot project in Espoo is one of the first key projects in renewable energy during this government term to which the Ministry of Employment and the Economy has decided to grant an investment subsidy. The Finnish Funding Agency for Innovation Tekes also provides significant support to the scientific research related to the project. One of the goals of the pilot project is to increase Finnish expertise in the field of geothermal heat production for future use. The project was also chosen as the best innovation of 2015 in the field of district heating in a competition with the aim of finding new technical solutions, services or business models for the field.

Through competitive tendering, St1 Deep Heat has chosen British Strada Energy as its partner in drilling deep-rock wells.

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