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As part of our ongoing efforts to provide high-quality insights into the geothermal sector, we are pleased to share our annual Top 10 Geothermal Countries overview based on installed geothermalpower generation capacity as of year-end 2024. continues to lead globally in geothermal installed capacity.
Zanskar Geothermal & Minerals, Inc. is pleased to announce the acquisition of Lightning Dock Geothermal, including the Bruce Levy geothermalpower plant in Hidalgo County, New Mexico, from Cyrq Energy, LLC. The entity sale transaction was completed on May 29, 2024.
Fervo Energy has signed a new PPA with California community choice energy aggregator Clean Power Alliance (CPA) that adds 18 MW to a previously signed 15-year contract for 30 MW. The commitment to supply 48 MW of geothermalpower will support the growing demand for clean energy across the 35 communities that CPA serves.
Colorado-based Gradient Geothermal is overcoming these barriers with a novel yet reasonably practical approach – producing geothermalpower from produced fluids of existing wells in oil and gas fields. “In either case, we generate power, but we can really flexibly meet the goals of our clients,” said Burke.
To complement the report, the US DOE will be hosting a webinar on 16 January on the topic of geothermal heating and cooling featuring senior DOE leadership. Click here to register for the webinar.
Greenfield development projects – Ormat has acquired the rights to explore and potentially develop two greenfield projects, one adjacent to the Cove Fort power plant, and the other in a high-potential geothermal resource area in California. Ormat Technologies, Inc. Highway at Cove Fort historic site in Utah, U.S.
2024), and technology transfer from the oil and gas industry, including the implementation of the physics-based rate limiter redesign technique (Dupriest and Noynaert 2022, 2024) and multiwell pad drilling (Norbeck et al.
Letters of Intent from those who wish to apply must be submitted by the 24th of July 2024. The program seeks to provide funding for regional grid modeling studies that quantify the potential contribution of clean, firm geothermalpower in supporting an equitable transition to a future decarbonized grid and economy.
We evaluated our existing database of power plants, compared it with numbers released from operators, national authorities, international reporting and more. The total installed geothermalpower generation capacity at year-end 2023 stood at 16,335 MW, an increase of 208 MW.
Department of Energy (US DOE) and the Advanced Research Projects Agency–Energy (ARPA-E) have published a Request for Information (RFI) to evaluate novel approaches to superhot enhanced geothermalpower for generating electricity and other uses. Take note that this notice does not constitute a funding opportunity announcement.
Department of Energy will be hosting the “DOE’s Pathways to Commercial Liftoff: Next-Generation GeothermalPower Webinar” on the 12th of April 2024 from 2:00-3:00 pm ET. Registration for the webinar is currently open. Click here to register.
The full paper, “Techno-Economic Analysis of Greenfield Geothermal Hybrid Power Plants using a Solar or Natural Gas Steam Topping Cycle,” by Wendt et. Leveraging efficiency and flexibility Geothermalpower plants face several challenges to competitively provide power to U.S. energy markets.
Sage has made significant progress in the past year, starting with the closing of a $17 million Series A funding round in early 2024. More recently, Sage announced a partnership with Meta Platforms where Sage will deliver up to 150MW of geothermalpower generation at a yet to be determined location east of the Rocky Mountains.
Registration is currently open for the “Advancing Geothermal Development Workshop” on 18 April 2024, to be hosted at the Fidel Center, New Mexico Tech , Socorro, New Mexico. Secure your spot in the workshop by registering via this link. An option for virtual participation is also available.
MPG currently holds a lease for 3000 acres of land in the Maxwell Park area near the Lost Creek subdivision, where a 10-MW binary geothermalpower plant had been proposed.
Geothermal Rising has announced the opening of nominations for the 2024Geothermal Rising Conference (GRC) Honors and Awards. The GRC Awards recognize distinguished colleagues in the geothermal community from around the world and have been a highlight of the geothermal calendar since the late 1970s.
The National Renewable Energy Laboratory (NREL) has published a comprehensive Accomplishment Report detailing updates, current status, and future plans for the group’s several dozen geothermal research initiatives. The case study featured 20 successful cases of geothermal heat pump applications across the US.
The growth of the global geothermalpower sector continues to lag behind other renewable energies, but there is still plenty of untapped potential for geothermal to contribute to the commercial heat market. However, the 14% increase is still considered insufficient to meet the goal of tripling renewable capacity by 2030.
The Government of Mexico through the National Institute of Electricity and Clean Energy (INEEL) has launched an international public tender (LE-18-T0K-018T0K001-I-125-2024) for drilling services for the drilling of four geothermal exploration well in two sites in Mexico.
Heber Diez went on to say that the investment requirement of geothermal represents a slight fraction of what is spent for the oil industry. The AGM President emphasized that the exploration and deployment of geothermalpower technologies may be expensive at the onset, but these are compensated enough when the facilities are operational.
Department of Energy and the Utah Frontier Observatory for Research in Geothermal Energy ( FORGE ) to continue the project through 2028. The extension begins on the 1st of October 2024 and will allow Utah FORGE to build on the significant breakthroughs that have been realized since the program started.
In early 2024, Teverra had been awarded a contract to conduct a comprehensive analysis of geothermal resources throughout Colorado. million for 35 innovative geothermal projects, ranging from heat pump installations to geothermalpower generation. This report will be publicly available by the 31st of December 2024.
The Joint Base San Antonio (JBSA) of the United States Air Force in San Antonio, Texas is already in the process of preparing for a utility-scale geothermalpower project that will supply clean and reliable energy to the facility even in the event of commercial grid outages. The JBSA is one of four U.S.
Advancing a global, risk-balanced geothermal portfolio Unlike other startups in the geothermal industry, Ignis Energy does not rely on a single technology or opportunity. Instead, it manages a risk-balanced portfolio of geothermalpower-producing opportunities across high-enthalpy environments worldwide.
Princeton Geothermal LLC (MPG) recently held a community event at the town hall of Buena Vista in Chaffee County, Colorado to provide detailed information and answer questions about a proposed 10-MW geothermalpower project near the base of the Fourteener Mountains. The planned power plant will have a footprint of only 1.62
Slated for publication in the summer of 2024, the “Future of Geothermal in Pennsylvania” and “Future of Geothermal in Oklahoma” reports will analyze the location and quality of each state’s geothermal resources—i.e., Plans for collaborative studies on five more states are expected by late 2024.
The original developer of the Makushin geothermalpower project in city of Unalaska in Alaska has now been removed from the project following the expiry of the PPA that has been signed with the City. However, there is hope yet for the geothermal project as the City seems to have plans of developing it under a different structure.
. “Lou Capuano is the most technically and operationally experienced geothermal drilling engineer in the world. His expertise and capabilities are essential as we begin construction of large-scale geothermalpower infrastructure projects around the world ,” said Josh Prueher, CEO of XGS Energy. million in early 2024.
Just recently, Fervo Energy received the approval from the Bureau of Land Management for the Fervo Cape GeothermalPower Project, an Enhanced Geothermal System (EGS) project that is aiming for a total installed capacity of 2 GW.
In a few days, the Society of Petroleum Engineers (SPE) will be holding the “SPE Workshop: Heating Up Geothermal Innovation and Development in Canada.” ” The event is set to take place on the 17th and 18th of September 2024 in Calgary, Alberta, Canada.
Qualifying projects placed in service after December 31, 2024 will be eligible for the new Clean Electricity Credits. The existing Production Tax Credit and Investment Tax Credit will be available to projects that began construction before 2025.
The Bureau of Land Management (BLM) is inviting the public to comment on the draft environmental assessment for the Fervo Cape GeothermalPower Project in Beaver County, Utah. Comments will be accepted until 20 September 2024. mail to: Attn: Fervo Cape GeothermalPower Project Bureau of Land Management 176 E.
In late 2023 , the DoD signed contracts with Eavor Technologies, TEVERRA, and Zanskar Geothermal and Minerals to evaluate geothermal resources and viability at their sites in California, Idaho, Texas and Alaska. This was further expanded in mid-2024 with contracts with Fervo Energy, Sage Geosystems, and GreenFire Energy.
In this light holiday edition, we’re taking a little walk down 2024's memory lane, before taking a holiday break next week. Now, without further ado, 2024’s top hits, hot topics, and all that good stuff. Let's drop the needle and see what played out in 2024. Our holiday wish? Fewer lumps of coal.
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