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“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.
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. Letters of Intent from those who wish to apply must be submitted by the 24th of July 2024.
DEEP Earth Energy Production and Ormat Technologies have signed a Notice to Proceed Agreement for a partnership to launch the first 5-MW conventional geothermalpower 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.
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.
Benjamin Burke, Chief Executive Officer, Gradient Geothermal. “We Pierce can be a world-class ‘geothermal garden’ where both heat and electricity from geothermalpower benefit the entire town and provide jobs for a workforce familiar with oil and gas.” Our technologies are field-tested and commercial ready.
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.
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.
The IGA is continuing the webinar series with two upcoming sessions: Geothermal Heating & Cooling: A Deep Dive with Adele Manzella (22nd November 2023 14:00 UTC) Luis Gutierrez-Negrin Explores GeothermalPower Generation (24th November 2023 16:00 UTC) More details and registration for the two sessions can be done via this link.
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.
Although the event was still heavily dominated by oil and gas, the topic of geothermal came up multiple times as a potential pathway for transition for oil and gas companies and professionals. Chevron has since sold those assets ( Philippines and Indonesia) but in recent years has been gradually getting back to the geothermal market.
(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.
Headed by all-volunteer group, the Old Firehall Collective Society (OFHC), the geothermal greenhouse is aimed to be operational by the end of the year so that fresh vegetables can be available during the coming winter.
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 Thermal Trailblazers program organized by WING USA has transformed her approach to personal and professional development, highlighting the value of collaboration and continuous learning. Brittany sees a bright future for geothermal energy with Fervo playing a crucial role.
The findings of the study The “Salton Sea Known Geothermal Resource Area” (KGRA) in Imperial County, California has been identified as a potential domestic U.S. resource of lithium due to the brine-hosted lithium in the deep subsurface geothermal reservoir. million.
The Bureau of Land Management (BLM) has announced the approval for the Rodatherm Geothermal Test Bed project. This is a project proposed by Rodatherm Energy Corporation (Roda) that aims to assess the commercial viability of an advanced geothermalpower generation facility on BLM-managed lands in Beaver and Millard Counties in Utah.
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