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Ormat acquires geothermal assets in Utah, Nevada, and California

ThinkGeoEnergy

“This transaction demonstrates our commitment to environmental stewardship, economic growth, and a greener, more sustainable future for all, aligning seamlessly with our business strategy of pursuing accretive M&A transactions alongside organic growth.” Ormat Technologies, Inc.

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US DOE announces funding for geothermal power in regional grid studies

ThinkGeoEnergy

The program seeks to provide funding for regional grid modeling studies that quantify the potential contribution of clean, firm geothermal power in supporting an equitable transition to a future decarbonized grid and economy. Letters of Intent from those who wish to apply must be submitted by the 24th of July 2024.

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DEEP and Ormat sign partnership for 5-MW geothermal project in Canada

ThinkGeoEnergy

DEEP Earth Energy Production and Ormat Technologies have signed a Notice to Proceed Agreement for a partnership to launch the first 5-MW conventional geothermal power plant in Canada. This development comes after years of collaboration between the two parties and is a notable first step to bringing the geothermal project online.

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Interview – Building geothermal power generation capacity with ABB

ThinkGeoEnergy

Discussions and stories on geothermal power 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.

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News roundup – State funding spurs multiple geothermal projects in Colorado

ThinkGeoEnergy

Benjamin Burke, Chief Executive Officer, Gradient Geothermal. “We Pierce can be a world-class ‘geothermal garden’ where both heat and electricity from geothermal power benefit the entire town and provide jobs for a workforce familiar with oil and gas.” Our technologies are field-tested and commercial ready.

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The COP28 pledge to triple up by 2030 and implications for geothermal

ThinkGeoEnergy

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.

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Study evaluates the economics of geothermal hybrid power plants

ThinkGeoEnergy

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 Geothermal power plants face several challenges to competitively provide power to U.S. energy markets.