CoilRig has developed an innovative coiled tubing drilling rig that offers drilling operators and consumers a cost-effective solution for installing geothermal heat pumps – an underground pipe system using geothermal energy to heat and cool homes and buildings. Unlike traditional drill rigs that require drill rods to be connected and disconnected multiple times during the drilling, CoilRig uses a continuous ‘coiled tubing’ drill pipe, which is wound onto a reel and unrolls as it drills into the ground, increasing installation efficiency and safety. “Manufactured right here in South Australia, CoilRig has designed a product to significantly reduce the costs for customers around the world to access geothermal energy for heating and cooling,” said Deputy Premier of South Australia.