Business Model

Approach

Atlantic Geothermal will demonstrate the viability of the non-fracturing, closed-loop energy mine by building a 160MW power plant in stages.

Phase I - Dept of Defense Technical Ready Level 7

•        Location secured

•        Detailed plan with all regulatory approvals

•        Magnetic telemetry survey completed

•        Equipment in place

Phase 2 - Working Pilot

•        Staged drilling

•        One lock

•        5-10K foot depth

•        100 foot horizontal shaft

•        Abbreviated loop radiator

Phase 3 - Fully operational power plant

•        Depth reaching 300-400° F ground temperature (~ 30,000 feet)

•       Full 200 loop radiator

•       160MW power generation

 

Funding

Phases 1 and 2 will be funded by a combination of angel/venture investment, university research grants and industry partnership investment. Phase 3 will be financed with a bond.  The exit strategy options are sale of the company, sale of the plant, licensing the technology.

Phase 1 - $3M (2 months)

•        $300K   - Magnetic Telemetry Survey

•        $500K   - Permitting

•        $1M      - Labor & Professional Services

•        $1.2M   - Equipment Deposit

Phase 2 - $38M (3 months)

•        $4M      - One year land lease & cleanup insurance

•        $12M    - Labor 

•        $10M    - Equipment 90 Day Lease

•        $12M    - Material & Supplies

Phase 3 - $760M (3 years)

•        $12M    - Insurance

•        $45M    - Labor

•        $320M  - Equipment Purchase

•        $238M  - Equipment Lease

•        $145M  - Materials & Supplies