Geothermal News
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The EU Committee of the Regions Backs Geothermal Energy
The European Committee of the Regions’ plenary adopted its Opinion entitled “On the role of geothermal in localising energy production”, led by József Ribányi from the European Conservatives & Reformist Group (ECR), with nearly total support. This reiterates that geothermal is the technology of choice for municipalities all over Europe. This is because it is ...
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U.S. Announces New Actions for Clean Energy on Public Lands
The Biden-Harris administration this week announced a series of historic milestones and actions to promote responsible clean energy development on public lands and help achieve President Biden’s goal of creating a carbon pollution-free power sector by 2035.Secretary of the Interior Deb Haaland announced that the Department has now permitted more than 25 gigawatts of clean energy projects – ...
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Q&A: Where Chevron is headed on carbon capture, hydrogen
Chevron launched its low-carbon energy unit three years ago to jump-start projects in everything from biofuels and hydrogen to carbon capture and geothermal. Now, the oil and gas company and its rivals are weighing how much to invest in those emerging areas. “We still will support and grow our oil and gas business because billions of people depend on that each and every day,” Jeff ...
By E&E News
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The Ruggero Bertani European Geothermal Innovation Award 2024: Inspiring Geothermal Innovations
At EGEC, we continue celebrating the innovation and excellence of the Ruggero Bertani European Geothermal Innovation Award (EGIA) 2024 awardee, Vulcan Energie Ressourcen GmbH, along with the four finalists. The video titled “The Ruggero Bertani European Geothermal Innovation Award 2024: Inspiring Geothermal Innovations” showcases the journey of the winner and finalists, providing ...
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Quaise Energy Raises $21 Million to Accelerate Terawatt-Scale Geothermal Energy
Quaise Energy, the company unlocking terawatt-scale geothermal, announced today the closing of a $21 Million Series A1 financing round led by Prelude Ventures and Safar Partners. Mitsubishi Corporation and Standard Investments are among several new investors participating in the round. This latest funding will enhance the company’s field operations and strengthen its supply chain position, ...
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Quaise Energy Raises $21 Million to Accelerate Terawatt-Scale Deep Geothermal Energy
Quaise Energy, a company seeking to unlock terawatt-scale geothermal, announced this week the closing of a $21 Million Series A1 financing round led by Prelude Ventures and Safar Partners. Mitsubishi Corporation and Standard Investments are among several new investors participating in the round. This latest funding will enhance the company’s field operations and strengthen its supply chain ...
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In an effort to accelerate terawatt-scale geothermal energy, Quaise Energy has raised $21 million.
CAMBRIDGE, Mass. — Quaise Energy, the company unlocking terawatt-scale geothermal, announced today the closing of a $21 Million Series A1 financing round led by Prelude Ventures and Safar Partners. Mitsubishi Corporation and Standard Investments are among several new investors participating in the round. This latest funding will enhance the company’s field operations and strengthen ...
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Potential of Offshore Geothermal Energy as a Future Global Resource
CGG, a global technology and Earth science leader, has released a white paper outlining the potential of offshore geothermal energy as a green energy resource of global significance and setting out a framework for its responsible development.Research by CGG scientists strongly indicates the existence of vast, untapped geothermal resources along the magmatically active ocean floor spreading ...
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Vulcan Energie Ressourcen GmbH, winner of the Ruggero Bertani European Geothermal Innovation Award 2024
EGEC is thrilled to announce Vulcan Energie Ressourcen GmbH as the recipient of the prestigious Ruggero Bertani European Geothermal Innovation Award 2024. The award recognises Vulcan Energie Ressourcen GmbH’s innovative project, the Lithium Extraction Optimization Plant (LEOP) from geothermal, designed to revolutionise the production of sustainable lithium in ...
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European Geothermal Research and Innovation Search Engine (EGRISE)
ETIP-Geothermal proudly unveils the European Geothermal Research & Innovation Search Engine (EGRISE). With more than 10.000 publications/tools available, the EGRISE v2.0 enables the discovery of research products (e.g. project deliverables, papers, datasets) produced in EU-funded geothermal projects and by the whole geothermal community worldwide. This empowered version of EGRISE, developed ...
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Biden- Harris Administration Invests $60 Million to Expand Clean, Renewable Geothermal Energy
In support of President Biden's Investing in America agenda, the U.S. Department of Energy this week (Feb 13) announced the selection of three projects that will receive up to $60 million to demonstrate the efficacy and scalability of enhanced geothermal systems (EGS). Funded by the landmark Bipartisan Infrastructure Law, the pilot projects will use innovative technology and a variety of ...
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Fervo Energy Drilling Results Show Rapid Advancement of Geothermal Performance
This week at the Stanford Geothermal Workshop, Fervo Energy published early drilling results from its Cape Station project that exceed the Department of Energy’s expectations for enhanced geothermal systems (EGS). These results substantiate the rapid learning underway in the geothermal industry and signal readiness for continued commercialization. Fervo began its drilling campaign at Cape ...
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AEA releases 2023 Renewable Energy Fund Impact and Evaluation Report
According to the United States Energy Information Administration (EIA), the oil and gas industries are a key part of Alaska’s economy, and the state ranks third in the nation in terms of energy consumption per dollar of gross domestic product. Alaska’s North Slope contains six of the 100 largest oil fields in the U.S. and one of the 100 largest natural gas fields. In addition, Alaska’s ...
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Celebrating Success: EGEC reaches +200 Members Milestone
EGEC is thrilled to announce its membership has surpassed the remarkable number of more than 200 esteemed members, with 30 new members joined EGEC in 2023. This is a significant milestone in EGEC’s mission towards establishing geothermal as a unique energy source in Europe and beyond. This achievement reflects the growing recognition and support for geothermal energy as a sustainable, ...
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Announcing the Top 5 Most Innovative Geothermal Projects in 2024
EGEC is thrilled to announce the five endorsed nominations for the Ruggero Bertani European Geothermal Innovation Award 2024. The winner will be announced at GeoTHERM expo & congress, taking place between 29 February and 1 March 2024 in Offenburg, Germany. The distinguished finalists, listed in alphabetical order by company, are: Canopus Drilling Solutions Geothermal BV (Netherlands), with ...
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Geothermal panel startup closes CHF1.3 million seed financing round
Enerdrape, a startup based in Vaud, Switzerland pioneering pre-fabricated geothermal panel technology, has just concluded a CHF 1.3 million (approx. UD 1.5 million) seed financing round. Swiss investors, including Après-demain through the initiative GeneRActions Planet and Romande Energie led the seed round, aligning themselves with enerdrape’s vision for a sustainable future. ...
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Majority stake offered for geothermal development in Babina Greda, Croatia
A public tender has been announced for 89.92% stake in geothermal company Geotermalni Izvori which holds an exploration permit for the Babina Greda 2 area in the county of Vukovar-Srijem in Croatia. Bidding starts at a price of EUR 898,000. The deadline to submit bids will be on 26 January 2024. Geotermalni Izvori was jointly founded in 2020 by the County of Vukovar-Srijem and the Municipality ...
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Sorik Marapi Unit 4 geothermal power plant in Indonesia announces COD
KS Orka Renewables Pty Ltd (KS Orka), via subsidiary PT Sorik Marapi Geothermal Power (PT SMGP), has announced the start of commercial operations of the 50-MW Sorik Marapi Unit 4 geothermal power plant in North Sumatra, Indonesia. With the acceptance of the Unit Rated Capacity Test for Sorik Marapi Unit 4, it officially commenced commercial operation on December 16, 2023 and is now ready to ...
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Geo Dipa, KKT to collaborate on North Patuha geothermal project, Indonesia
PT Geo Dipa Energi (Persero) and Kopjasa Ahli Teknosa (KKT) have signed a Memorandum of Understanding for a collaboration to develop ta geothermal project in the North Patuha area in Bandung Regency, Java, Indonesia. The MOU was signed by Ilen Kardani, Geo Dipa’s Director of Exploration and Commercial Development, and Hermawati Parinduri, Director of KKT, at the KKT Office in Jakarta. ...
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Exergy to supply geothermal binary power plant for Emirler in Denizli, Türkiye
Exergy International (Exergy) has signed a contract for the supply of an 8-MW geothermal binary power plant to Emirler Enerji Elektrik Uretim A.S. for the Emirler 1 Unit 2 geothermal power plant in Saraykoy in the Denizli region of Türkiye. “We are honored to include Emirler Enerji among our partners, with whom we want to create long-term synergies and provide services that can ...
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