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Geothermal energy production is a valuable tool in the utilitys efforts to strengthen the grid and keep costs down while continuing toward a greener future. Our electric utility focuses on innovative solutions to our pressing energy needs and its exciting to consider the possibilities geothermal energy will have for Austin and the state.
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.
The innovative approach will leverage the natural permeability of the sedimentary rock formation and enable the reliable, cost-efficient, and more sustainable production of geothermal energy. .
The Cascade Institute , a research centre at Royal Roads University, has published a roadmap towards the deployment of ultradeep geothermalpower technologies for commercial operations in Canada. The “Ultradeep Geothermal Research and Action Roadmap” can be accessed and downloaded here.
Google has entered into an agreement with Nevada electric utility company and Berkshire Hathaway Energy subsidiary NV Energy to increase the supply of geothermalpower to its data center operations from 3.5 As part of this agreement, NV Energy is working with geothermal developer Fervo Energy for the geothermalpower supply. “NV
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. The Teaming Partner List page provides more information on this opportunity.
Colorado-based Gradient Geothermal (Gradient) has announced that it will provide geothermalpower generation and fluid cooling services to Chord Energy , an independent North American oil and gas exploration and production entity.
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. RFI Questions ARPA-E encourages responses that address any subset of the following topics.
Discussions and stories on geothermalpower plants typically focus on the turbines, who is supplying them, and what technologies they use. To learn more about this aspect of power plant operations, we talked with Jonas Burström , Sales Manager for Motors and Generators at electrification and automation leader ABB.
million in grant awards from the Colorado Energy Office for 35 innovativegeothermal projects in the State of Colorado, multiple releases have been published providing more details on these projects. Benjamin Burke, Chief Executive Officer, Gradient Geothermal. “We Following news of the $7.7
The case for geothermal Currently, geothermal accounts for only about 0.5% of the total installed renewable power capacity. However, this is a massive under-representation of the contributions and further potential that geothermal has for decarbonization.
Situated in southwest Utah, Cape Station is positioned to redefine geothermal energy production with an anticipated total project capacity of approximately 400 MW. The success of Cape Station will not only validate the efficacy of EGS technology but also unlock vast potential for future geothermalpower projects across the United States.
The discussions during the inaugural session underscored the importance of accurate and comprehensive data collection in driving innovation and informed decision-making in the geothermal sector. The recording of the first webinar “ Navigating Geothermal Data on the Road to COP28,” can be accessed via this link.
(Sage) has been selected to conduct conduct geothermal project development initiatives at the Naval Air Station (NAS) Corpus Christi in Texas. 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.
The annual CERAWeek, organized by S&P Global, is the world’s premier energy conference, featuring insights on energy policy and regulation, climate change, geopolitics, technical innovation, among others. This is just for phase 1 of the commercial liftoff roadmap. .
Improving methods to build those wells and assess their performance can reduce costs for EGS and other geothermalpower generation technologies, helping make geothermal electricity a clean, cost-effective option. Innovative Downhole Solutions, Inc.
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.
The funding massively upscales Canada’s research and development efforts in geothermalpower and supports its national commitment to achieve net-zero emissions by 2050 to address the climate crisis. The program focuses on deep geothermal systems in hot, dry rock five to 10 kilometers below Earth’s surface. “I
(Sage) has signed a Memorandum of Understanding (MOU) with the California Resources Corporation (NYSE: CRC) to establish a collaborative framework for pursuing commercial projects and joint funding opportunities related to subsurface energy storage and geothermalpower generation in California.
The project envisions a two-phase development which will include a geothermal heated greenhouse, and a 10-MW geothermalpower plant. The first phase of the Latitude 53 project aims to support year-round cultivation of strawberries across a 20-acre greenhouse using approximately 50 GJ of geothermal heat per hour.
(DEEP) has announced a partnership with Oppy, a grower marketer, and distributor of fresh produce, for a geothermal greenhouse project. This will be developed in conjunction with DEEP’s pioneering geothermalpower facility in Saskatchewan, Canada. Source: DEEP Earth Energy Production Corp.
Ramey Subsurface Excellence Award – Recognizes outstanding achievement in subsurface geoscience and engineering and impacts on geothermal development. Geothermal Special Achievement Awards – Recognizes special or outstanding achievement in any aspect of geothermal energy development and related areas.
The tax credits will support the critical development of the Hell’s Kitchen Lithium and Power Project in Imperial County. CTR was one of the eight innovative companies that received a total of $120 million in investment from the State of California. billion in private investment over the next five years.
Zanskar is an AI-native geothermal developer leveraging a suite of new technologies to improve the geothermal discovery and development process. In its work to decarbonize electricity generation, Zanskar is generating a pipeline of new discoveries and increasing the scalability of geothermalpower generation. “We
XGS Energy, an innovator in next-generation geothermal energy technology and project development, has announced its acquisition of Capuano Engineering Company , a global geothermal drilling and completion services provider. With the additional expertise of Capuano Engineering Founder, President, and CEO Louis (Lou) Capuano, Jr.
His work has made substantial contributions to the efficient and environmentally sustainable utilization of Türkiye’s geothermal resources. Our goal is to contribute to the energy sector with scientific innovations while ensuring environmental sustainability in geothermal energy use.” IZTECH Rector, Prof. ” Prof.
Her journey from the oilfields of Chevron to the forefront of geothermalinnovation at Fervo Energy is a story of resilience, adaptation, and a relentless pursuit of sustainable energy solutions. This time, it was for one of the most innovativegeothermal companies today , Fervo Energy. “It
In fiscal year 2024, NREL broadened its research, development, demonstration, and deployment (RDD&D) portfolio and partnerships with exciting innovations such as next-generation geothermal technologies for power, geothermal energy networks for heating and cooling, subsurface thermal energy storage, well repurposing, and more.
We are excited to explore this report and continue collaborating with stakeholders on innovative ways to diversify our energy portfolio.” “The Shapiro Administration is focused on advancing an energy policy that ensures a diverse and reliable ecosystem of energy resources that protects the environment, creates jobs, and protects consumers.
Orcan’s know-how in modular waste heat recovery solutions fits well with FutEra’s mission of developing geothermal and waste heat projects. In early 2023, FutEra announced the start of operations of Canada’s first co-produced natural gas and geothermalpower project in Swan Hills, Alberta.
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 early 2024, Teverra had been awarded a contract to conduct a comprehensive analysis of geothermal resources throughout Colorado. million for 35 innovativegeothermal projects, ranging from heat pump installations to geothermalpower generation. Since then, the Colorado Energy Office has announced funding of $7.7
In a few days, the Society of Petroleum Engineers (SPE) will be holding the “SPE Workshop: Heating Up GeothermalInnovation and Development in Canada.” And SPE is leading this initiative, because there is plenty of experience in drilling techniques from oil and gas that the geothermal sector could benefit from.”
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.
Department of Energy (DOE) has announced the selection of three projects that will receive up to $60 million to demonstrate the efficacy and scalability of enhanced geothermal systems (EGS). Secretary of Energy Jennifer M.
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. Driggers, Commander at JBSA.
The company will initially concentrate on the development of a range of projects encompassing geothermal heating, geothermal cooling, and geothermalpower in Alberta , Switzerland , and Japan. 1 GeothermalPower Plant development near Grande Prairie, Alberta. ” Source: Terrapin Geothermics Inc.
Americas clean energy boom is no coincidence, its President Bidens industrial strategy in action: utilizing a range of incentives to accelerate innovative carbon cutting technologies and make the nation more energy resilient, saidU.S. Secretary of the Treasury Janet L. Secretary of Energy Jennifer M.
The US Department of Energy (DOE) has released the “Pathways to Commercial Liftoff: Next-Generation GeothermalPower” report, highlighting the potential of next-generation geothermalpower to transform the U.S. energy landscape. The full report can be accessed via this link.
We were impressed with the caliber of all of the applicants and hope to continue expanding the geothermal community and propelling EGS into the nation’s energy spotlight.” Department of Energy The post US DOE announces $44 million funding for EGS innovation projects first appeared on ThinkGeoEnergy - Geothermal Energy News.
Meta) has signed an agreement to buy geothermalpower from Sage Geosystems Inc. The agreement was announced during the US Department of Energy’s (DOE) Catalyzing Next Generation Geothermal Development Workshop in Washington. Meta Platforms Inc. Sage) to supply its data centers in the US.
Using American innovation, we can lead the clean energy future, create jobs and a strong domestic supply chain, and boost our national energy security,” commented Jeff Marootian, Principal Deputy Assistant Secretary for Energy Efficiency and Renewable Energy.
Early-Stage 💨 Terradot , a São Paulo, Brazil-based carbon removal service, raised $54m in Series A funding from Microsoft’s Climate Innovation Fund, Google, Cisco, Floodgate, Kleiner Perkins, and other investors. Want to revisit? Can’t get enough deals?
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