geothermal power generation News
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Frost & Sullivan: Regulatory Changes Vital to Attract Private Investments to Mexican Geothermal Power Generation
The 30-year-old Mexican geothermal power generation market is powered by investments from the Federal Electricity Commission (CFE), a public utility. However, its growth beyond 2015 depends on the level of involvement of independent power producers (IPPs). For greater private investments, either the government should amend regulations to protect investors in the exploration phase or financial ...
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UN secretary-general Ban Ki-moon tours geothermal plant in East Africa`s great rift valley
The rise of geothermal energy in Kenya's Great Rift Valley was witnessed today by UN Secretary-General Ban Ki-moon who toured the Olkaria plant northwest of the country's capital of Nairobi. He was joined by Energy Minister, Kiraitu Murungi, Managing Director of the energy company Kengen, Eddy Njoroge and members of the UN Chief Executives Board, including UN Under-Secretary General and UNEP ...
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Substantial power generation from domestic geothermal resources, USGS finds
Geothermal power production could significantly add to the electric power generating capacity in the United States. The US Geological Survey assessment released this week is the first national geothermal resource estimate in more than 30 years. The results of this assessment show that the United States has an estimated 9,057 Megawatts-electric (MWe) of power generation potential from domestic, ...
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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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Innovative ADB Loan to Help Unlock Indonesia’s Clean Energy Potential
The Asian Development Bank (ADB) will provide a loan of up to $50 million, supported by the Clean Technology Fund, to share risks with the private sector during the project development and exploration phase of the Rantau Dedap geothermal project in Indonesia. “This innovative loan demonstrates the depth of ADB support for deploying clean energy technologies that can significantly displace ...
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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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Energy Department Finalizes loan guarantee for ormat geothermal project in Nevada
U.S. Energy Secretary Steven Chu today announced the Department finalized a partial guarantee for up to a $350 million loan to support a geothermal power generation project. The project, sponsored by Ormat Nevada, Inc., is expected to produce up to 113 megawatts (MW) of clean, baseload power from three geothermal power facilities and will increase geothermal power production in Nevada by nearly ...
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Secretary Chu, senator reid announce department of energy conditional commitment for a loan guarantee for Nevada geothermal project
U.S. Energy Secretary Steven Chu and Senate Majority Leader Harry Reid today announced the offer of a conditional commitment to provide a partial guarantee for a $350 million loan for a geothermal power generation project. The project, sponsored by Ormat Nevada, Inc., is expected to produce a total of 121 megawatts (MW) of clean, baseload power from three geothermal power facilities and will ...
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39th GRC Annual Meeting Attracts International Geothermal Industry
The Geothermal Resources Council (GRC), one of the world’s premier geothermal associations, has completed a successful 39th GRC Annual Meeting at the Peppermill Resort Spa Casino, Reno, Nevada, USA. At the Opening Session, GRC Annual Meeting Chair Lisa Shevenell welcomed the attendees from 26 different countries and introduced an array of speakers from the regional, national and global ...
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GRC 2013 Annual Meeting Announced - Call for Papers Issued
The Geothermal Resources Council (GRC) have issued a call for papers for the world’s largest annual geothermal conference taking place September 29-October 2, 2013, in Las Vegas, Nevada, at the MGM Grand Hotel. Themed “A Global Resource, from Larderello to Las Vegas” the 37th Annual Meeting is sponsored by the Geothermal Resources Council. The theme commemorates the advances ...
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Ormat and Toshiba Sign Strategic Collaboration Agreement
Ormat Technologies Inc. (NYSE: ORA) and Toshiba Corporation (TOKYO: 6502) announced today that the two companies have signed a strategic collaboration agreement (SCA) to develop strategic opportunities for collaboration in the areas of geothermal power generation systems and related equipment. Under the terms of the agreement, the parties will explore and develop strategic opportunities that ...
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Ormat and Toshiba Sign Strategic Collaboration Agreement
Ormat Technologies Inc. (NYSE: ORA) and Toshiba Corporation (TOKYO: 6502) announced today that the two companies have signed a strategic collaboration agreement (SCA) to develop strategic opportunities for collaboration in the areas of geothermal power generation systems and related equipment. Under the terms of the agreement, the parties will explore and develop strategic opportunities that ...
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Governments Adopt ‘Florence Declaration’ and Agree to Work Closer to Advance Geothermal Energy
Governments have agreed to work together to identify and implement measures that will significantly increase the speed of geothermal energy development around the world, following a milestone meeting between public and private leaders Florence this week. Under the terms of the ‘Florence Declaration’ – an outcome of the Global Geothermal Alliance (GGA) meeting – governments ...
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GRC 2012 Annual Meeting Theme Promotes Geothermal as Energy Solution
The Geothermal Resources Council Annual Meeting is promoting geothermal power as an ideal energy source with the theme of “Geothermal: Reliable, Renewable, Global”. The world’s largest annual geothermal event is taking place September 30-October 3, 2012, in Reno, Nevada, at the Peppermill Resort Spa. Geothermal power is ready to help meet our planet’s energy needs now ...
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DOE Announces $12 Million to Boost Geothermal Energy Research
The U.S. Department of Energy recently (Sept 22) announced $12 million in funding for seven research projects to advance the commercialization of enhanced geothermal systems (EGS) manmade reservoirs that produce clean, renewable energy. EGS development could expand U.S. geothermal energy capabilities and extend the use of geothermal energy into new geographic areas across the country. The ...
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Fervo Energy Raises $28 Million to Scale Next Generation Geothermal Technology
Fervo Energy, an advanced geothermal energy development company, recently (April 30) announced the close of a $28 million Series B financing to continue the company's mission of applying transformative geothermal technology to address climate change. The round was led by Capricorn Investment Group, with participation from key existing investors including Breakthrough Energy Ventures, 3X5 ...
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NREL 2021 U.S. Geothermal Market Report Released
The U.S. Department of Energy's Geothermal Technologies Office (GTO) announced this week that the National Renewable Energy Laboratory has published its much-anticipated 2021 U.S. Geothermal Power Production and District Heating Market Report, which highlights areas where the geothermal power sector is primed for technological innovation. The report identifies significant opportunities for ...
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DOE announces geothermal research initiative
The U.S. Department of Energy (DOE) announces a new collaboration between the Office of Fossil Energy (FE) and the Office of Energy Efficiency and Renewable Energy’s (EERE) Geothermal Technologies Program (GTP) to demonstrate low temperature geothermal electrical power generation systems using oilfield fluids produced at the Rocky Mountain Oilfield Testing Center (RMOTC). The objective of this ...
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President Obama announces US$467m in funding for geothermal and solar energy projects
President Obama has announced over US$467 million from the American Reinvestment and Recovery Act to expand and accelerate the development, deployment, and use of geothermal and solar energy throughout the United States. The funding announced this week represents a substantial down payment that will help the solar and geothermal industries overcome technical barriers, demonstrate new ...
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Department of energy announces $20 million to boost development of innovative geothermal technologies
U.S. Energy Secretary Steven Chu today announced $20 million to research, develop and demonstrate cutting-edge geothermal technologies that could reduce U.S. demand for fossil fuels, significantly cut carbon pollution, and create new jobs in geothermal manufacturing and operations. Geothermal energy uses the earth's heat to generate consistent, low-cost renewable energy resources with a small ...
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