GA Drilling obtained new capital

The Slovak hi-tech firm GA Drilling obtained €4m in debt financing from the EU’s platform InnoEnergy for commercialization of its plasma drilling technology. In March, GA Drilling completed an investment round in which state Slovak Investment Holding, Berlin Technologie and Ted Halstead provided new capital. It will use the money to bring to the market its technology for opening and closing of oil and gas wells, as well as for accessing geothermal energy.

(etrend.sk)