In a press conference last week, the Government of Alberta has committed CAD$50mn to establish the Alberta Drilling Accelerator (ADA), Canada’s first test site dedicated to advancing drilling technologies for geothermal, lithium and carbon capture industries.
ADA will offer an open-access site for testing innovative technologies in high-temperature subsurface conditions across an array of rock formations. Eavor Technologies, Halliburton and Tourmaline Oil Corp are among the top companies expressing an interest in becoming anchor tenants for the project.
Minister of Environment and Protected Areas, Rebecca Schulz, said, “We are increasing production, reducing emissions, all while meeting those rising demands for energy for years to come. This is thanks to our geology, expertise and highly skilled workforce of Albertans.”
Eavor CEO, John Redfern, affirmed Alberta’s drilling legacy, stating, “By establishing this technology incubator, we’re ensuring Alberta remains an international leader in geothermal innovation.”
