geothermal capacity News
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Geothermal energy set to double across western states
The amount of new geothermal power now under development in the United States will roughly double U.S. geothermal capacity, according to a survey that will be released Wednesday by the Geothermal Energy Association, GEA. These projects, when developed, will provide up to 3,368 megawatts of new electric power capacity for the grid, more than doubling U.S. geothermal power capacity from 2,936 ...
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Iceland Drilling Company has secured a drilling contract to drill 9 wells for expansion of geothermal capacity on the Azores, Portugal
EDA Renováveis have awarded Iceland Drilling Company (IDC) a new drilling contract on the Azores, for drilling geothermal wells on the islands of Sao Miguel and Terceira. This is the result following an open tender in the European Area, where the company participated in competition with two other European drilling companies. The project involves drilling for nine (9) geothermal wells, with ...
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DOE Releases New Study Highlighting the Untapped Potential of Geothermal Energy in the United States
The U.S. Department of Energy released a groundbreaking analysis detailing how the United States can benefit from the vast potential of geothermal energy. The analysis culminated in a report, GeoVision: Harnessing the Heat Beneath Our Feet, which summarizes findings showing that geothermal electricity generation could increase more than 26-fold from today reaching 60 gigawatts (GW) of installed ...
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U.S. Geothermal Industry Sees Continued Steady Growth in 2012
The Geothermal Energy Association (GEA) today released its 2013 Annual GEA Industry Update, which found that installed geothermal capacity in the United States grew by 5%, or 147.05 MW, since the last annual survey in March 2012. This considerable increase in capacity is part of a larger trend of steady geothermal growth over the past decade, and can be attributed to seven geothermal projects ...
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World Bank Energy Director to Deliver Keynote Address at GEA International Geothermal Energy Finance Forum 2013
The Geothermal Energy Association today announced the keynote speaker for next month’s International Geothermal Energy Finance Forum. Rohit Khanna, program manager of the World Bank’s Energy Sector Management Assistance Program, will deliver keynote remarks at the conference, to be held on April 11 at the Marriott Marquis New York. Each year the Finance Forum brings together ...
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Technological advancements paving the way for geothermal growth
As the Geothermal Energy Association (GEA) prepares to release its annual development report at the State of the Geothermal Energy Industry Briefing on February 26 in Washington, preliminary industry data reveals that year-end geothermal growth in 2012 was up 5% from the previous year. This uptick in development, which produced 147.05 MW of gross online geothermal capacity in 2012, is due in part ...
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Drilling progress for the geothermal expansion project on Azores Islands, Portugal
Following mobilization and rig up of our Drillmec HH-220 rig in the Azores, then geothermal drilling operations have started. First well is already finalized successfully and the second already in progress. The geothermal area is in Ribeira Grande on the island of Sao Miguel. Iceland Drilling Company have successfully mobilized their drilling rig which is Drillmec HH-220 from the Island of ...
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The race for alternative energy sources: new geothermal projects in Europe
In the race to find alternative energy sources, geothermal energy is gaining favour. Geothermal energy is a continuous source of energy since the heat is trapped inside the earth, without depleting. This places geothermal energy above sporadic wind and solar energy, which tends to have a capacity factor of only 20-35%; geothermal capacity is more than 70%. Although global energy use from ...
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GEA National Geothermal Summit to Address Challenges in Advancing Geothermal Industry in California and Beyond
As California is in the midst of policy decisions that will determine its energy future, the GEA National Geothermal Summit will bring policy and industry leaders together in Sacramento Aug. 7-8. Policy leaders addressing attendees will include State Assembly member V. Manuel Pérez (D-Coachella); California State Senator Alex Padilla (D-Pacoima); JR ...
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IRENA: Global Renewable Generation Continues Strong Growth
By the end of 2017, global renewable generation capacity increased by 167 GW and reached 2,179 GW worldwide. This represents a yearly growth of around 8.3%, the average for seven straight years in a row, according to new data released by the International Renewable Energy Agency (IRENA). Renewable Capacity Statistics 2018 is the most comprehensive, up-to-date and accessible figures on renewable ...
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Senior Advisor to the Governor for Renewable Energy Facilities to Join GEA Geothermal Energy Finance Forum 2012
Michael Picker, Senior Advisor to the Governor for Renewable Energy Facilities, Office of the Governor, State of California will join the discussion between the financial community and the geothermal industry when business leaders and the financial and investment communities convene in San Francisco for the GEA Geothermal Energy Finance Forum on January 18. ...
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Ormat successfully completed the Ngatamariki Geothermal Plant
Ormat Technologies, Inc. (NYSE: ORA) announced today that it has successfully completed the 100 MW installed capacity Ngatamariki geothermal power plant in New Zealand under the $142 million Supply and Engineering, Procurement and Construction (EPC) contracts signed with Mighty River Power (MRP) in June 2011. Mighty River Power’s modular Ngatamariki geothermal power plant is the largest ...
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Deadline for Yellowstone Geothermal Workshop is this Week
The Geothermal Resources Council (GRC) is recommending early registration for the Yellowstone Geothermal Workshop from June 22-26. Some places are available which are sure to be filled by the deadline of May 22. This year’s GRC Workshop will include a fieldtrip of the major geologic features of Yellowstone Park, the first national park in the world and the site of the greatest ...
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GRC Annual Meeting & GEA Geothermal Energy Expo To Convene World’s Largest Geothermal Industry Gathering
With installed geothermal capacity on track to surpass 12,000 MW globally by the end of the year in 25 countries, and over 60 countries reported to have projects in development, the GRC Annual Meeting & GEA Geothermal Energy Expo is expected to be an exciting international gathering of geothermal companies, academics, financiers, policy leaders, students, and other individuals. The ...
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Spaces Available at Yellowstone Geothermal Workshop
The Geothermal Resources Council (GRC) is recommending early registration for the Yellowstone Geothermal Workshop from June 22-26. Some places are available which are sure to be filled by the deadline of June 12. This year’s GRCWorkshop will include a fieldtrip of the major geologic features of Yellowstone Park, the first national park in the world and the site of the greatest ...
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Ormat Technologies Completes Final Drawdown of $45 Million from OPIC for Final Phase of Construction at Olkaria III Geothermal Complex in Kenya
Ormat Technologies, Inc. (NYSE: ORA) announced today that OrPower 4 Inc., its wholly owned subsidiary, drew down the remaining $45 million available under its project finance facility with Overseas Private Investment Corporation (OPIC). This drawdown will be used to complete the final phase of construction at the Olkaria III complex in Naivasha, Kenya, bringing the geothermal power plant capacity ...
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Geothermal’s Golden Year - After 50 Years, Geothermal Energy Still Growing
WASHINGTON, D.C.– As Sacramento, Calif., prepares to host the 2010 Geothermal Energy Expo, the geothermal energy industry’s largest annual event, the Geothermal Energy Association (GEA) recognizes the 50th anniversary of utility-scale geothermal power in the United States. Half a century ago, just north of San Francisco, construction began on The Geysers, the nation’s first ...
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DOE Analysis Highlights Opportunities to Expand Clean, Affordable Geothermal Power
The U.S. Department of Energy this week released a new analysis quantifying the potential of enhanced geothermal systems (EGS) as a widespread renewable energy option in the United States. Prepared by DOE's National Renewable Energy Laboratory (NREL), the Enhanced Geothermal Shot Analysis for the Geothermal Technologies Office finds that the goal of significantly expanding EGS deployment by ...
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Renewables Take the Lead in New Generating Capacity in 2016
According to the latest issue of the Federal Energy Regulatory Commission's (FERC) monthly "Energy Infrastructure Update" (with data through October 31, 2016), renewable energy now accounts for the largest share of new U.S. electrical generation put into service thus far in 2016. Combined, newly installed capacity from renewable sources (i.e., biomass, geothermal, hydropower, solar, wind) totals ...
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U.S. Department of Defense Turns to Advanced Geothermal for Energy Resilience
To power mission activities Department of Defense (DoD) installations often use electricity delivered through miles of electrical lines and fuel transported from distant locations. Prolonged power disruptions from wildfires, extreme weather, cybersecurity attacks and other events increase risks to DoD missions . Local and carbon-free sources of energy, such as from geothermal technologies, can ...
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