Geothermal energy is the forgotten child of the clean energy revolution — often overshadowed by solar, wind, hydro, and even nuclear power. But a new tech breakthrough, known as DeepSurge, is poised to change that.
DeepSurge is a new extraction technique similar to horizontal drilling, which now has America producing more oil than ever before.
Essentially, researchers and engineers have found that they can drill down into the searing-hot bedrock buried deep underground and thread a closed circuit of piping through the bore.
Then, they pump a water-based solution through the pipe, creating a massive expulsion of steam strong enough to power turbines back up on the earth’s surface.
And finally, the steam is re-condensed through a cooling system, channeled back into the drill hole, and the process repeats.
To be blunt, this is a huge breakthrough. We’ve known for decades — even centuries — that geothermal energy is possible. It just wasn’t efficient enough.
This changes that. It’s clean, constant, and cost-effective. It’s also easily transferable, because these hot pockets of rock can be accessed almost anywhere in the world. Join Wealth Daily today for FREE. We’ll keep you on top of all the hottest investment ideas before they hit Wall Street. Become a member today, and get our latest free report: “Guardians of Growth: 3 Defense Contractors for Savvy Investors.” After getting your report, you’ll begin receiving the Wealth Daily e-Letter, delivered to your inbox daily.The Best Free Investment You’ll Ever Make
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Better still, because it’s a closed circuit, the process is effectively perpetual. It works day and night, rain or shine, on a constant, self-perpetuating loop.
The potential for this technology is massive because, as I mentioned, geothermal energy has lagged other forms of renewable resources. In fact, it makes up just 0.5% of the renewable energy market worldwide.
That’s nothing! And yet it could be everything.
With DeepSurge technology, geothermal energy is:
- 18% cheaper than solar
- 18% cheaper than wind energy
- 52% cheaper than nuclear power
- And 54% cheaper than natural gas
That’s mostly because these systems are small and efficient. They’re physical footprint is roughly the size of a football field. You don’t need a giant furnace to burn heaps of coal or tanks of oil. And you don’t need massive cooling towers to keep nuclear reactors from melting down.
Most of the magic happens beneath the earth’s surface, with some simple machinery up top. And yet this uncomplicated structure is enough to power 20,000 homes in the nearby town.
That’s why the buzz around geothermal energy is suddenly picking back up.
Starting this October, Brunel University London is leading a new $3.5 million research project to explore scalability, integration, and social acceptance of geothermal stations in Europe.
And back home in the United States, numerous entities are looking to expand the role geothermal power plays in America’s energy tapestry.
For example, the city of Boise, Idaho, has the oldest and largest geothermal system in the nation.
Boise has pioneered the use of natural energy since 1982, and it boasts the only state capitol building heated entirely by hot water.
However, Boise is also conveniently located on a hot spring, which makes things a little easier.
Similarly, Mt. Princeton Geothermal LLC, a private firm, is trying to establish a geothermal energy presence a few miles from the Mount Princeton Hot Springs Resort.
If it’s successful, it could scale out to other areas of Colorado.
But again, what makes DeepSurge so compelling is that it can be deployed anywhere — freeing a power source that’s been tethered to the unique geographical features of the American West for too long.
That’s what makes the tech so groundbreaking (no pun intended).
And the company behind it quite obviously stands to generate huge returns, as a result.
The team of engineers that developed DeepSurge ALL work there. It’s been around for 55 years and operates in more than 30 countries around the globe.
But again, it’s still small. As is the geothermal energy industry.
And that’s exactly why there’s so much profit potential to be had. If DeepSurge really takes off and geothermal energy goes mainstream, this stock could shoot almost 6,000%.
There’s a full report right here, if you’re interested.
Fight on, Jason Simpkins Simpkins is the founder and editor of Secret Stock Files, an investment service that focuses on companies with assets — tangible resources and products that can hold and appreciate in value. He covers mining companies, energy companies, defense contractors, dividend payers, commodities, staples, legacies and more… In 2023 he joined The Wealth Advisory team as a defense market analyst where he reviews and recommends new military and government opportunities that come across his radar, especially those that spin-off healthy, growing income streams. For more on Jason, check out his editor’s page. Be sure to visit our Angel Investment Research channel on YouTube and tune into Jason’s podcasts. Want to hear more from Jason? Sign up to receive emails directly from him ranging from market commentaries to opportunities that he has his eye on.