About GA Drilling
GA Drilling, founded in Slovakia in 2008 and now operating under a U.S. holding structure with branches in Slovakia, the United States, the United Kingdom, and Brazil, develops groundbreaking
drilling technologies to make geothermal energy accessible worldwide. The drilling tools and processes used in geothermal today are largely adapted from the oil & gas industry and have seen little to no significant innovation in recent decades. GA Drilling’s technologies drastically reduce costs, enable deeper wells, and unlock projects that were previously economically unviable.
The company’s current priority in both technology development and commercialization is ANCHORBIT, a mechanical drilling tool that significantly increases drilling speed and reduces costs by
stabilizing the drill bit, minimizing vibrations, and reducing equipment wear. Successfully tested and publicly demonstrated together with shareholder Nabors in Texas in 2023, ANCHORBIT is fully
compatible with existing rigs and drill bits, enabling rapid global scaling. In 2024, GA Drilling secured its first major commercial project with Petrobras, generating USD 10 million in revenue in the first phase, with the second phase now underway. Additional pilot projects are in preparation, with the first LOIs and MoUs already signed, and an initial focus on Europe—starting in the Netherlands—and targeting large industries and data centers. ANCHORBIT will be commercially launched in 2026 and rapidly scaled globally thanks to its compatibility with all existing drilling equipment and an extensive pipeline of customers and projects.
Alongside the mechanical tool ANCHORBIT, GA Drilling continues to advance thermal drilling technology through its PLASMABIT Hybrid tool, which combines the advantages of both mechanical
and thermal drilling. This approach integrates plasma-assisted rock weakening with conventional mechanical drilling to increase speed, reduce wear, and reach greater depths, all while maintaining full compatibility with existing drilling infrastructure.
The aim of the IPM Growth investment in GA Drilling is to help the company strengthen its market position and continue developing the potential of its unique patented drilling technologies—led by ANCHORBIT and complemented by long-term innovations such as PLASMABIT Hybrid—for deployment across global markets. GA Drilling was the first investment under IPM Growth, aligning
with the initiative’s mission to support promising technology leaders in the Central European region with strong potential for global expansion.
