NextEnergy Inc.

NextEnergy Inc.

May 17, 2006 11:14 ET

NextEnergy and Virsare to provide sonic geothermal drilling

New sonic drilling technology reduces cost of vertical-loop geothermal installations Attention: Business/Financial Editor, Environment Editor, Energy Editor, Home/Garden Editor, News Editor ELMIRA/ONTARIO/MEDIA RELEASE--(CCNMatthews - May 17, 2006) - NextEnergy Inc. and Virsare Inc. today announced the launch of a new service called GeoLoops that will provide Ontario with state-of-the-art geothermal drilling at a lower cost.

Geothermal has long been recognized as a renewable and clean alternative to conventional energy sources. Unlike fossil fuels, which are piped in from a distant source, geothermal efficiently taps into existing latent energy stored underground on the home or business site.

NextEnergy and Virsare began discussions over six months ago on possible solutions to support the Ontario geothermal market. These discussions resulted in a strategic alliance contract and the acquisition of an innovative drilling technology called sonic drilling. Sonic drilling uses a combination of mechanically generated vibrations and rotary power to penetrate soil and rock. The vibrations generated in the drill string can exceed 150 Hertz and create up to 200,000 pounds of force. The drilling footprint is surprisingly small and the rig itself is compact and versatile, moving on vulcanised rubber tracks. This makes it much easier to get into smaller areas with less damage to landscaping.

With Virsare and their sonic drilling technology, NextEnergy is able to provide the versatile and effective solution of vertical looping - GeoLoops.

Virsare is a new company devoted to leading edge drilling technology. Virsare, based out of Thornbury, Ontario, will be supporting NextEnergy with this low-cost, sonic drilling service. Offered through NextEnergy's dealer network, Virsare will be servicing homeowners and business in the south-central Ontario region.

This new relationship is a landmark step for expansion of geothermal systems in the urban and rural Ontario market.

"The partnership with Virsare will benefit many homeowners" said Randal Palach, President of NextEnergy. "With the growing demand in Ontario for a clean affordable source of heating and cooling, sonic drilling will allow us to offer homeowners a cost effective solution."
/For further information: Paul Catton, President
Virsare Inc
705-441-6292
www.virsare.com
/ IN: ECONOMY, ENERGY, ENVIRONMENT, TECHNOLOGY

Contact Information

  • Randal Palach, President, NextEnergy Geothermal
    Primary Phone: 519-669-2707
    Toll-Free: 800-367-9810
    E-mail: rpalach@nextenergy.ca