Earthgrid introduces revolutionary drilling technology that prevents rock from melting, instead breaking it into manageable, cornflake-sized pieces for easy removal. This technique allows drilling at greater depths, avoiding underground obstacles and minimizing surface impact.
Key Advantages:
Cost: Traditional tunnel boring machines cost $5M-$9M, in contrast to Earthgrid's more affordable $500k solution.
Efficiency: While standard machines bore about 50 feet daily under optimal conditions, Earthgrid's technology achieves over 3000 feet, regardless of geological conditions.
Sustainability: Earthgrid operates without hazardous chemicals or diesel, relying solely on electricity, air, and water.
Revenue Strategies:
BOOM (Build, Own, Operate, Maintain): Earthgrid constructs and owns tunnels, leasing them to clients under 20-50 year contracts, and charges for utilities like fiber optics and power lines usage.
BADASS (Boring And Drilling As a Simple Service): Offers project completion and handover services, enhancing general contractors' margins and ensuring timely project delivery.
Team Composition:
The team's background includes 6 successful exits, 1 unicorn, $350 million in funding, and over $4 billion in project financing.
Troy Helming - Founder & CEO: An innovator with a history of generating over $10 billion economic impact and numerous patents in wind, solar, and now tunneling technologies.
Scott Lane - COO: Brings 25 years of experience in Renewable Energy, Construction, and Communications.
Jeff Dzado - CTO: Previous roles at Tesla and Amazon Robotics, contributing extensive tech industry expertise.