CoilRig is transforming the geothermal energy industry with its groundbreaking Coiled Tubing Drilling technology, making ground heat pump installations more affordable, efficient, and sustainable. By revolutionizing drilling processes with automation and advanced engineering, CoilRig is driving widespread adoption of geothermal energy as a competitive renewable solution.
CoilRig: Revolutionising Geothermal Drilling with Cutting-Edge Technology
Transforming the Renewable Energy Landscape
Geothermal energy is one of the most stable and reliable renewable energy sources, harnessing the Earth's natural heat to provide efficient heating and cooling solutions. However, the high costs associated with drilling for geothermal heat pumps have long been a barrier to widespread adoption. CoilRig is addressing this challenge with its world-class Coiled Tubing Drilling Rig, delivering a cheaper, faster, and safer way to drill vertical boreholes for ground heat pump installations.
Developed in Adelaide in collaboration with US drilling operators, CoilRig’s semi-automated technology drastically reduces the cost of HVAC pump installations while maintaining a minimal environmental footprint. Compared to traditional drilling rigs, CoilRig’s solution is significantly more efficient and cost-effective, providing an essential breakthrough for the geothermal industry.
Driving Industry-Wide Adoption for Geothermal Energy
CoilRig’s mission is to optimise the transition to renewable energy by making geothermal heat pump installations more accessible and cost-efficient. By developing the most productive and high-performing Coiled Tubing Drilling technology, CoilRig aims to drive widespread adoption of geothermal solutions across residential and commercial markets. The company is pushing the boundaries of innovation, efficiency, and sustainability to ensure that geothermal energy remains a competitive renewable energy alternative.
Introducing the CT Energy 500
The CT Energy 500 is CoilRig’s flagship drilling rig, integrating state-of-the-art technology with advanced engineering to deliver superior performance in geothermal drilling operations. Key features include:
30% Increase in Productivity: Enhanced efficiency compared to conventional drilling rigs.
Extended Coiled Tubing Life: Three times the lifespan of any other rig in the geothermal market.
Unique Coil Positioning and Engineered Components: Providing a clear competitive advantage.
Automation and Safety Innovations: Removing the need for drilling rods and ensuring enhanced borehole stability.
Smaller Environmental Footprint: Reducing ecological impact and improving sustainability in drilling operations.
Designed and built to Australian standards, the CT Energy 500 represents a strategic shift towards more sustainable drilling practices, setting a new benchmark for the geothermal industry.
Leadership and Expertise
CoilRig is co-founded by industry experts with decades of experience in drilling technology and business management:
Soren Soe, Co-Founder: A leader in Coiled Tubing Drilling, Soren has pioneered numerous drilling innovations and holds multiple international patents for drilling systems.
Kate McRostie, Co-Founder: A seasoned business and finance professional, Kate has extensive experience in manufacturing, operations, and commercial strategy.
Their combined expertise has been instrumental in CoilRig’s rapid growth and expansion into international markets.
Expanding into the U.S. Market
CoilRig has successfully entered the U.S. market, securing orders from an East Coast rig operator for the CT Energy 500. This milestone highlights the increasing demand for advanced drilling solutions in the renewable energy sector. With an estimated 50-60 geothermal drilling rigs required in the North Eastern U.S. in 2025—a number expected to double within four years—CoilRig is poised to capture a significant share of this rapidly growing market.
Shaping the Future of Geothermal Energy
CoilRig is at the forefront of the geothermal drilling revolution, providing innovative solutions that improve the cost-effectiveness, efficiency, and sustainability of renewable energy projects. By leveraging automation, advanced engineering, and cutting-edge technology, CoilRig™ is paving the way for a more accessible and competitive geothermal energy market.
