EQS-News: Deeper, hotter, more economical: SBO technology accelerates next-generation geothermal energy

EQS-News: SBO AG / Key word(s): Drilling Result
   Deeper, hotter, more economical: SBO technology accelerates
   next-generation geothermal energy

   05.11.2026 / 10:30 CET/CEST
   The issuer is solely responsible for the content of this announcement.

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   Vienna/Ternitz, 5 November 2026

    

   Deeper, hotter, more economical: SBO technology accelerates
   next-generation geothermal energy

    

     • Oregon (USA): 3,150 m drilled in 15 drilling days, 80% faster than in
       2025
     • Košice (Slovakia): SBO's rotary steerable system drills 2 km in a
       single run
     • Diversification strategy: Geothermal energy is a market where SBO can
       deploy drilling and completion technology from across its entire
       product portfolio

    

   15 drilling days instead of around 75: At Newberry Crater in Oregon, SBO
   technology showed how efficient next-generation geothermal drilling can
   be. This proves that SBO’s drilling systems from the oil and gas industry
   can be transferred to next-generation geothermal.

   At its superhot rock Athena project, Mazama Energy drilled 3,150 m (10,350
   feet) in just 15 drilling days. That is 80% fewer drilling days than on
   the comparable well in 2025. The project builds on Mazama’s record-setting
   2025 work at Newberry, where the company created the world’s hottest
   engineered enhanced geothermal system (EGS) pilot at 331°C (629°F).

   In the Athena project, SBO combined its Steam motor product line with the
   Booster Tool. The rate of penetration stayed consistently above 40 m per
   hour (130 ft/h). The bit covered around 1,100 m (3,578 ft) in a single
   run, and the drilling motors and the directional drilling system operated
   reliably throughout. Further deployments are planned.

   The technology is also proving itself in Europe. At the Svinica-Ďurkov
   geothermal project near Košice in Slovakia, the OmniSteer rotary steerable
   system contributed to the completion of three deep wells with a combined
   length of almost four kilometers and drilled around two kilometers in a
   single run. The wells are part of a planned district heating project of
   roughly 90 to 100 megawatts thermal (MWt).

    

   The entire product portfolio in use

   Geothermal energy is an important part of SBO’s diversification strategy.
   Drilling motors, circulation tools, rotary steerable systems, well
   completion solutions such as high-temperature plugs, and high-precision
   components can all be used in geothermal applications. The industry is
   growing with the power demand of data centers and AI infrastructure. In
   addition, there is the electrification of industry and buildings, as well
   as the need for clean, round-the-clock energy and heat. Next-generation
   geothermal makes depths of 7,000 meters at 400°C realistic.

   Klaus Mader, CEO of SBO, says: “Geothermal energy is a clean, constantly
   available base load source for electricity and heat generation, and the
   rule is: deeper means hotter, and hotter means more economical. These
   extreme conditions are exactly where our tools are at home. We know this
   from the oil and gas industry, where we have been managing cycles for
   decades. Now we are becoming less dependent on them and applying our core
   capabilities where new demand is emerging. The results in Oregon and
   Slovakia show that our products deliver what the next generation of
   geothermal requires.”

   SBO has set the goal of achieving sales of MEUR 900 by 2030, of which MEUR
   200 is to come from new business areas. In addition to geothermal energy,
   these include lithium and helium drilling, carbon capture & storage, flow
   control, and 3D metal printing.

    

    

   About SBO

   SBO AG is leading in the manufacture of high-alloy, non-magnetic steels,
   high-precision components and high-tech equipment for the energy sector
   and other industrial sectors. The global high-precision technology group,
   headquartered in Ternitz, Austria, operates worldwide at more than 20
   locations with around 1,600 employees. The group delivers cutting-edge
   technologies backed by a highly innovative product portfolio and strong
   intellectual property. In its Precision Technology division, SBO
   specializes in high-precision metal components, ranging from complex steel
   parts to additive manufacturing solutions for industries requiring maximum
   accuracy and performance. In the Energy Equipment division, SBO provides
   high-tech equipment for directional drilling and well completion including
   high-precision flow control products. Designed for extreme conditions,
   these solutions perform in high-temperature and high-pressure
   environments, serving important industries including oil and gas, energy
   and other industrial sectors. SBO is listed in the prime market of the
   Vienna Stock Exchange (ISIN AT0000946652). More information: [1]www.sbo.at

    

    

   Contact:

   Judit Helenyi, Director Investor Relations, SBO AG
   phone: +43 2630 315 253

   email: [2][email protected]
             [3][email protected]
    

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   05.11.2026 CET/CEST This Corporate News was distributed by [4]EQS Group

   View original content: [5]EQS News

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   Language:    English
   Company:     SBO AG
                Hauptstrasse 2
                2630 Ternitz
                Austria
   Phone:       +43 (0)2630/315110
   E-mail:      [email protected]
   Internet:    http://www.sbo.at
   ISIN:        AT0000946652
   Indices:     ATX
   Listed:      Vienna Stock Exchange (Official Market)
   LEI Code:    549300ZD9ED8GSG3JW36
   EQS News ID: 2429124


    
   End of News EQS News Service


   2429124  05.11.2026 CET/CEST

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