geothermal

SAN FRANCISCO, California – January 10, 2023 – GreenFire Energy Inc. and CPC Corporation, Taiwan (“CPC”), have signed a memorandum of understanding (MOU) to work together to develop geothermal projects in Taiwan. This agreement enables both companies to collaborate on future geothermal projects and further Taiwan’s progress towards its Net Zero Emission 2050 goal. The […]

Several executives in the power generation space weighed in for POWER’s recent report on supply chain issues in the sector. Sourcing of equipment also was a hot topic in POWER’s 2023 forecast for the industry. It’s no surprise. The power sector is not exempt from the problems that have impacted business and industry worldwide, from […]

HOUSTON/STOCKHOLM, Dec. 14, 2022 – Chevron Corporation (NYSE: CVX), through its Chevron New Energies business, and Baseload Capital have announced a joint venture to develop geothermal projects in the United States. The two companies will collaborate on driving geothermal opportunities – including identifying the best prospects for development, operations and progressing the next generation of geothermal […]

Mitsubishi Power is expanding its geothermal infrastructure in Indonesia. The company has received an order from PT Pertamina Geothermal Energy (PGE), a subsidiary of the state-owned oil and gas group PT Pertamina, for construction of a 55-MW unit at the Lumut Balai Unit 2 geothermal power station. The order is for a steam turbine, generator, […]

It’s always difficult to select winners from the field of nominations submitted to POWER for its annual awards, and this year was no exception. The Wudongde Hydropower Station was the big winner, while

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 rise and rapid adoption of the circular economy—a systems solution framework that seeks to keep materials, products, and services in circulation for as long as possible—is triggering an interesting

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 […]

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 […]

WASHINGTON, D.C. (April 19, 2022) — The U.S. Department of Energy (DOE) today issued a request for information (RFI) to support $84 million in enhanced geothermal systems (EGS) pilot demonstration projects included in President Biden’s Bipartisan Infrastructure Law. The legislation authorizes DOE to support four competitively selected pilot projects that demonstrate EGS in different types […]

As more countries plan on achieving a green energy transition, Iceland offers guidance on how to effectively harness the power of geothermal. Imagining Iceland without geothermal energy would require turning

The mining of cryptocurrency, or bitcoin, is an energy-intensive process, and entrepreneurs are looking at several technologies—including innovative geothermal energy techniques—to power their operations. Among the latest is a service from a California-based renewable energy group, RenewaBit, which has joined with CeraPhi Energy, a Houston, Texas-based company, to produce geothermal energy with integrated crypto mining […]

GreenFire Energy Inc. to Partner with Calpine Corporation to Implement Its Steam Dominated GreenLoop Technology San Francisco, California – February 17, 2022, GreenFire Energy Inc. announced today that it was awarded more than $2.7 million by the California Energy Commission (CEC) to install its Steam Dominated GreenLoop (SDGL) technology at The Geysers geothermal field in […]

Renewable energy’s share of U.S. power generation continues to rise, and the percentage of electricity produced by burning natural gas and coal continues to fall, according to the latest “Short-Term Energy Outlook,” or STEO, from the U.S. Energy Information Administration (EIA). The EIA on Jan. 18 said it expects U.S. power generation from renewables—mostly solar […]

It’s been another news-filled year in the power industry. The following stories were the top 10 traffic-getters posted in 2021 on POWER’s website. Did you see them all as they were released? 10. Mitsubishi Power Developing 100% Ammonia-Capable Gas Turbine Mitsubishi Power is developing a 40-MW class gas turbine that can directly combust 100% ammonia […]

With the increasing demand for renewable energy, interest in geothermal is on the rise. The industry must be prepared to take advantage of coming opportunities: we need unity, cooperation, and a strong, clear message. The keys to geothermal success were debated at an Industry Roundtable discussion held at WGC Congress 2020+1 in Reykjavik. The event […]

SEATTLE, WA (September 23, 2021) ─ AltaRock Energy today announced the results of a path-breaking comprehensive technical and economic feasibility study, completed in collaboration with Baker Hughes, an energy technology company, and the University of Oklahoma, demonstrating the superior energy density and competitive economics of an engineered geothermal system (EGS) resource in high temperature (>400 […]

Ethiopian officials have said they are moving closer to commissioning the Grand Ethiopian Renaissance Dam (GERD) hydropower installation, part of 71 power projects included in a $40 billion investment package to increase the country’s electricity generation over the next decade. The 5.2-GW GERD project, being built on the Blue Nile River and set to more […]

REDWOOD CITY, CA – Sept. 7, 2021 – Peninsula Clean Energy will receive clean and reliable electricity generation from the world’s largest complex of geothermal power plants. Peninsula Clean Energy beginning in July 2022 will receive 35 megawatts (MW) of geothermal power from The Geysers, a 725-MW complex run by Calpine Corporation and located 70 […]

The shift to a clean energy system is set to drive a significant increase in requirements for critical minerals. Under an International Energy Agency (IEA) scenario that meets the Paris Agreement goals, clean energy technologies’ share of total critical mineral demand will likely soar over the next two decades to over 40% for copper and […]

Building new solar PV plants and wind farms, and supporting an expansion of electric vehicles (EVs) and green hydrogen as is planned to meet decarbonization goals, will dramatically expand demand for copper

Geothermal power is increasingly cited as a renewable energy resource with a vast potential to make the world’s electricity supply more sustainable. Many areas utilizing geothermal are located where the heat

There’s new interest in one of the world’s oldest resources, as governments and investors worldwide look for advanced ways to tap geothermal energy. Geothermal wells have been producing energy for more

LAKE MARY, Fla. (April 20, 2021) – The Domo de San Pedro Geothermal Power Station in Nayarit, Mexico, is the first geothermal power plant in the world to add Mitsubishi Power’s TOMONI intelligent digital solutions to improve efficiency and reliability. Proven to increase profitability of gas and steam turbine plants around the world, TOMONI solutions […]