Deep Earth Energy Production
Deep Earth Energy Production is a Saskatoon-based geothermal developer building Canada's first commercial-scale geothermal power facility near Estevan, Saskatchewan, in partnership with SLB, leveraging existing oil and gas infrastructure to deliver baseload power for data centers and industrial users.
- Company typePrivate
- Founded2010
- HeadquartersSaskatoon, Canada
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Deep Earth Energy Production does
Deep Earth Energy Production is a Saskatoon-based, privately held geothermal energy developer founded in 2010 that is building Canada's first commercial-scale geothermal power facility near Estevan, Saskatchewan. The company leverages existing oil and gas infrastructure, workforce expertise, and subsurface knowledge from the Western Canadian Sedimentary Basin to extract deep geothermal resources, pairing this with a hybrid geothermal and natural gas system designed to deliver reliable baseload power.
Its core product portfolio centers on a commercial-scale geothermal power facility developed in partnership with SLB, which provides drilling and subsurface technical expertise, and a hybrid geothermal and natural gas solution that the company has presented at the AAPG Subsurface Energy to Power Workshop. These offerings target baseload power demand from data centers, industrial facilities, and regional utilities, with positioning framed around the rapid growth in electricity demand from AI and industrial decarbonization.
The company is pre-revenue and operates without disclosed pricing, named offtakers, or a published funding history. Its go-to-market appears to be direct B2B engagement with utilities and large energy users for power purchase agreements, supported by a small senior leadership team led by founder, president, and CEO Kirsten Marcia, with CFO leadership (Christie Gradin and John Povhe are both listed) and a VP of corporate development. Ownership, institutional backers, and headcount are not disclosed in the available data, representing meaningful diligence gaps.
Deep Earth Energy Production firmographics
Firmographics- Name
- Deep Earth Energy Production
- Website
- https://deepcorp.ca
- Company type
- Private
- Founded year
- 2010
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Deep Earth Energy Production is a Saskatoon-based geothermal developer building Canada's first commercial-scale geothermal power facility near Estevan, Saskatchewan, in partnership with SLB, leveraging existing oil and gas infrastructure to deliver baseload power for data centers and industrial users.
- Ownership category
- akta.pro rank
Deep Earth Energy Production industry classification
Industry- Product category
- Geothermal Power Generation
- NAICS
- Geothermal Electric Power Generation (221116)
- SIC
- Electric Services (4911), Cogeneration Services & Small Power Producers (4991)
- akta.pro primary industry
- Geothermal Power Plant Development & IPP (Permitting, Financing, Project Development) (EUAMAEAD)
- akta.pro secondary industries
- Geothermal Wellfield & Steamfield Operations for Power (EUACAHAI), Geothermal Power Generation Operations & Maintenance (Plant O&M, Performance Optimization) (EUAMAEAF), Geothermal Drilling & Well Construction (Production/Injection, Directional, Well Services) (EUAMAEAB)
Keywords
Where Deep Earth Energy Production is headquartered
LocationHeadquarters
- HQ city
- Saskatoon
- HQ country
- Canada
- HQ region
- North America
Offices2 records
Markets served
Deep Earth Energy Production business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Infrastructure, Operations, Technology or R&D, Personnel, Supply Chain
Deep Earth Energy Production product offering
Product offeringCore offering
Deep Earth Energy Production develops and operates deep geothermal power generation assets, using existing oil and gas drilling infrastructure in the Western Canadian Sedimentary Basin to produce renewable baseload electricity. Its flagship project is Canada's first commercial-scale geothermal power facility near Estevan, Saskatchewan, built in partnership with SLB, complemented by a hybrid geothermal and natural gas power solution tailored to Saskatchewan.
Product overview
Deep Earth Energy Production is a Saskatoon-based company developing geothermal power generation solutions. The company is building Canada's first commercial-scale geothermal power facility near Estevan, Saskatchewan, in partnership with SLB, leveraging the Western Canadian Sedimentary Basin and existing oil and gas infrastructure. The company also offers a hybrid geothermal and natural gas solution for power generation in Saskatchewan, positioning geothermal as a baseload power source for regions with deep drilling expertise.
Differentiator
Problem solved
Functional benefit
Products and services
- Commercial-Scale Geothermal Power Facility A commercial-scale deep geothermal power generation facility near Estevan, Saskatchewan, developed in partnership with SLB, supplying renewable baseload electricity to utilities, data centers, and industrial off-takers by leveraging Western Canadian Sedimentary Basin geology and existing oil and gas infrastructure.
- Hybrid Geothermal and Natural Gas Solution A hybrid baseload power solution combining deep geothermal generation with natural gas for Saskatchewan, designed to deliver renewable, dispatchable electricity for utilities, data centers, and industrial customers in regions with deep drilling expertise.
Quantifiable outcome
- Global geothermal market projected to reach CAD$3 trillion by 2050, offering significant opportunity for Canadian deployment
- +1 more outcomes
Companies that use Deep Earth Energy Production
Customer profileSegments1 record
Ideal customer profiles2 records
Deep Earth Energy Production technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
Deep Earth Energy Production partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- SLBcoreSLB (oilfield services company) has partnered with DEEP Earth Energy to develop Canada's first commercial-scale geothermal power facility near Estevan, Saskatchewan. SLB brings technical expertise in drilling and subsurface operations, leveraging their experience in the oil and gas sector to support geothermal energy development in the Western Canadian Sedimentary Basin.
Scale indicators5 records
Recent moves4 records
Expansion highlights4 records
Deep Earth Energy Production competitors and assessment
Company assessmentDirect peers
- Eavor Technologies: Calgary-based closed-loop geothermal developer also leveraging Western Canadian Sedimentary Basin geology and oil & gas expertise. Closest comparable to DEEP by geography, technology approach, and target customer (Alberta/Saskatchewan baseload power).
- Fervo Energy: US-based next-generation geothermal developer using horizontal drilling and closed-loop techniques; targets data-center and utility baseload PPAs. Highly comparable in technology thesis (enhanced geothermal systems) and customer focus on hyperscalers.
- Cyrq Energy: US-based geothermal IPP with operating flash and binary plants across the western US. Comparable as a mid-scale independent geothermal power producer targeting utility and corporate PPAs.
Broad incumbents
- Ormat Technologies: Established global geothermal IPP and equipment manufacturer operating hundreds of MW of geothermal capacity. Comparable as a commercial-scale geothermal power producer; broader scale and longer operating history than DEEP.
- Baker Hughes: Major oilfield services company with an expanding geothermal technology portfolio (drilling, completions, power generation). Comparable as the larger incumbent analogue to DEEP's SLB partnership and as a broad incumbent in geothermal services.
- Chevron New Energies / Geothermal: Chevron's geothermal ventures leverage its existing oil and gas fields and subsurface expertise for next-generation geothermal. Comparable large-scale O&G-to-geothermal repurposing thesis and access to capital and subsurface IP.
Emerging players
- Sage Geosystems: US-based geothermal developer focused on hot dry rock and sedimentary-basin geothermal using existing oil and gas wells — closely comparable to DEEP's repurposing of O&G infrastructure thesis.
- GreenFire Energy: California-based geothermal developer using closed-loop and advanced geothermal systems targeting industrial and utility baseload power. Comparable as an early-stage developer in the same next-generation geothermal category.
- AltaRock Energy: Pioneer in enhanced geothermal systems (EGS) development in the US, working on sedimentary and hot dry rock resources. Comparable technology category (EGS/next-generation geothermal) and target use cases (utility-scale baseload).
Regional players
- Climeon: Swedish low-temperature geothermal and waste-heat-to-power technology provider primarily serving European industrial customers. Comparable as a geothermal power equipment/IPP player, though geographically focused on Europe and industrial heat recovery rather than Canadian baseload.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Deep Earth Energy Production social profiles
Digital presenceDeep Earth Energy Production financial estimates
Financial estimateRevenue estimate
Valuation estimate
Deep Earth Energy Production leadership team
Management profileNumber of profiles
Profiles4 records
Deep Earth Energy Production funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Deep Earth Energy Production M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Deep Earth Energy Production
What does Deep Earth Energy Production do?
Deep Earth Energy Production develops and operates deep geothermal power generation assets, using existing oil and gas drilling infrastructure in the Western Canadian Sedimentary Basin to produce renewable baseload electricity. Its flagship project is Canada's first commercial-scale geothermal power facility near Estevan, Saskatchewan, built in partnership with SLB, complemented by a hybrid geothermal and natural gas power solution tailored to Saskatchewan.
Is Deep Earth Energy Production a public or private company?
Deep Earth Energy Production is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Deep Earth Energy Production founded?
Deep Earth Energy Production was founded in 2010. It employs 11 to 50 people.
Where is Deep Earth Energy Production based?
Deep Earth Energy Production is headquartered in Saskatoon, Canada, in the North America region.
Who are Deep Earth Energy Production's main competitors?
Direct peers on record are Eavor Technologies, Fervo Energy and Cyrq Energy. Broad incumbents are Ormat Technologies, Baker Hughes and Chevron New Energies / Geothermal. Emerging players are Sage Geosystems, GreenFire Energy and AltaRock Energy. Climeon is listed as a regional player.
Does Deep Earth Energy Production have an API?
No public API is recorded for Deep Earth Energy Production.
What industry is Deep Earth Energy Production in?
Deep Earth Energy Production's product category is Geothermal Power Generation. Its primary akta.pro industry code is EUAMAEAD, Geothermal Power Plant Development & IPP (Permitting, Financing, Project Development), with a secondary code of EUACAHAI, Geothermal Wellfield & Steamfield Operations for Power. Its NAICS code is 221116 and its SIC code is 4911.