Jordkraft to Test Modular Geothermal Power Plants with Naftogaz in Ukraine by 2026
Jordkraft, a company founded in 2023, is set to test its modular geothermal power plants in Ukraine by early 2026 in collaboration with Naftogaz. The technology, which involves drilling approximately seven kilometers to harness geothermal energy, aims to produce electricity for up to 4,000 Swedish households per unit while emphasizing efficiency and environmental integration. Each plant is projected to cost around 225 million SEK, with funding efforts underway to support the initiative, which seeks to enhance energy resilience in vulnerable regions.
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Jordkraft, founded in 2023 by Johan Asplund, Anders Myrbäck, and Jessica Friberg, is developing modular geothermal power plants that can produce electricity for up to 4,000 Swedish households per unit. The company’s patented technology involves drilling approximately seven kilometers into the earth to extract energy from heat, which is then converted into electricity using turbines.
Unlike competitors in the U.S. that use multiple drilling holes, Jordkraft focuses on efficiency and smaller plants that blend into nature. The company aims to demonstrate its technology in Ukraine by early 2026, in collaboration with the state energy firm Naftogaz.
A funding round is planned to support testing, with each plant estimated to cost around 225 million SEK. The initiative addresses energy resilience, particularly in regions vulnerable to supply disruptions.
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