Geothermal

Mount Kisco, New York  (Nov. 15, 2022) – Dandelion Energy, the nation’s leading residential geothermal company, today announced the closure of a $70M B1 funding round co-led by LENX, the corporate venture arm of Lennar, one of the nation’s leading homebuilders, and NGP ETP, the energy transition investing platform of NGP. The funding round included […]

JX Nippon Acquires NRG’s Share of Petra Nova Carbon Capture Plant for $3.6 Million. ENEOS Group, a Japanese energy and non-ferrous metals business group that owns JX Nippon Oil and Gas Exploration, will

–Climate tech panelists discuss field’s huge potential and challenges CAMBRIDGE, MA–Geothermal energy—the heat deep below our feet—has the potential to become the workhorse of the energy transition as it grows from supplying just 0.4 percent of the world’s energy today to upward of 20, 30, and even 50 percent by 2050. That’s according to the […]

The Department of Energy’s (DOE)’s latest Energy Earthshot will seek to cut the cost of enhanced geothermal systems (EGS) to $45/MWh by 2035, an ambitious goal that would shave current EGS costs by 90%. The DOE’s latest Energy Earthshot—part of a 2021-research, development, and demonstration (RD&D) initiative it launched to accelerate breakthroughs for emerging technologies—will […]

The Svartsengi plant in Iceland has operated for decades, and continues to build its legacy as the facility’s electricity generation and hot water support new businesses and provide a remarkable example of

The first geothermal power plant built in more than three decades within the California Independent System Operator (CAISO) balancing authority has come online. Mammoth Pacific Geothermal, an Ormat Co. subsidiary, declared the 30-MW Casa Diablo IV (CD4) commercially operational on July 20. CD4 is located on public land two miles east of the Town of […]

President Biden’s signing of the Inflation Reduction Act (IRA) should provide further impetus for growth of U.S. renewable energy, coming on the heels of a report from the Federal Energy Regulatory Commission (FERC) that installations of solar and wind power accounted for more than two-thirds of new domestic utility-scale generation in the first six months […]

Large-Volume Ammonia Co-Firing Demonstration at JERA Coal Plant to Begin a Year Earlier. Japanese firms JERA—a joint venture between Tokyo Electric Power Co. (TEPCO) and Chubu Electric—and IHI Corp. on May

Landsvirkjun, the national power company of Iceland, on June 28 announced it intends to capture and reinject carbon dioxide (CO2) from Þeistareykir (Theistareykir) Geothermal Station, and at the same time reduce CO2 emissions from Krafla Power Station through enhanced well management efforts at that site. Construction of the project, called Koldís, is expected to begin […]

A federally backed effort to advance enhanced geothermal system (EGS) technologies in Utah marked a significant milestone with successful completion of its first large-scale 10-day stimulation in a deep-deviated well. The U.S. Department of Energy’s (DOE’s) Utah Frontier Observatory for Research in Geothermal Energy (FORGE), which is sited near the town of Milford on the western […]