ZeroGeo has applied for two geothermal exploration permits in Niedersachsen (Lower Saxony). The permit applications were made in conjunction with our geophysical exploration & processing campaign programme, which ran from November 2022 to February 2023, during which, we conducted a 5’000 km² Air-FTG® Survey over Niedersachsen. This survey was the first time that Full Tensor Gravity Gradiometry (“FTG”) has been acquired in Europe for geothermal exploration.

Projekt THERMO aims to bring renewable energy storage and geothermal electricity generation to Niedersachsen with a potential by-product of heat production. Our aim is to provide long duration energy storage and generate low-carbon ‘always-on’ electricity for Niedersachsen’s economy. This will improve Germany’s energy independence, decrease national carbon emissions, and provide jobs and investment in the local economy.

Next steps:
After the award of the geothermal permits, ZeroGeo will analyze and interpret the Air-FTG® data and integrate it into our proprietary database. This information will form the basis for deciding on the next phase of Projekt THERMO, which may consist of a 3D seismic survey and/or exploratory drilling. Any subsequent phases of exploration will be conducted in accordance with all relevant permits and regulations and the Company will provide regular updates as to its plans and intentions.

ZeroGeo has begun a process with a Swiss Kanton to apply for one geothermal concession.

Switzerland has a highly prospective deep geothermal resource and Projekt TIEF could be one of the first geothermal storage and power production projects in Switzerland, which would be in line with the country’s Energy Strategy 2050.

Next steps:
ZeroGeo has secured access to certain technical data and services, which will allow us to build our own subsurface geothermal model and move forward with the work program proposed in the concession application, which may consist of exploratory drilling to test the storage and heat potential of the relevant basin for deployment of HDR technologies.
We are and will co-operate with all relevant stakeholders and interested parties to ensure that Projekt TIEF has the support of all interested parties.