Category: Geothermal

Europe’s geothermal market is set to receive a major b oost in the coming years. Countries across the region are racing to ramp up geothermal heating capacity. The region is Continue Reading

America’s geothermal energy potential remains largely untapped due to a lack of investor interest, but that may be beginning to change. Baker Hughes and MIT have both announced recent investments Continue Reading

After years in the making, the U.S. geothermal industry is finally gaining momentum. New geothermal projects come as a sigh of relief to many firms across the U.S. that have Continue Reading

Geothermal is available year-round, is not a variable renewable energy like wind or solar (which are dependent on the weather) and already exists in many locations in a commercial capacity. Continue Reading

While solar and wind are the dominant segments in the transition to renewables , a number of emerging markets are looking to geothermal sources as a way to meet future Continue Reading

The global drilling contractor is investing a total of $21 million in a pair of geothermal technology companies. PHOTO SOURCE: Nabors Industries Nabors Industries (NYSE: NBR) reported last week that Continue Reading

No matter where you are on Earth, you are situated right on top of a potential clean energy production hub. This is the argument at the heart of the push Continue Reading

Scientists have found that volcanoes deep in the ocean discharge so much energy potential when they erupt that they could theoretically power the whole of the United States. Scientists at Continue Reading

BP and Chevron, this Tuesday, announced plans to invest heavily in geothermal energy through a new innovative start up. The new technology introduced by Canadian startup Eavor, pronounced “ever”, provides Continue Reading

Companies including the venture arms of BP Plc and Chevron Corp. invested $40 million in a startup that aims to use the fossil fuel industry’s drilling experience to expand a technology that harvests Continue Reading

The green energy revolution is well and truly underway. Renewables have proven to be highly resilient, emerging as the only energy sector to record any kind of growth at a Continue Reading

With so much talk about offshore wind and utility-scale solar, it is easy to forget about one other abundant, emission-free energy source. Geothermal has garnered a lot less attention than Continue Reading

Installed geothermal capacity is forecast to expand in the next five years as energy companies diversify into alternative markets, driven by the accelerating energy transition. Global geothermal power production capacity Continue Reading

Thermal Energy Partners (TEP), a developer of geothermal energy projects, and Schlumberger New Energy, a new Schlumberger business, entered into an agreement to create GeoFrame Energy, a geothermal project development Continue Reading

It’s abundant, and it’s emissions-free: the heat from the earth’s mantle that reaches well into the crust and gives deep drillers a headache occasionally is the new star on the Continue Reading

Big Oil majors have been scrambling to make the most ambitious climate commitments in the industry, planning a pivot to clean energy, talking about net-zero emission bills, solar, and wind. Continue Reading

‘Geothermal is America’s untapped energy giant,’ the U.S. Department of Energy said in a report last year, highlighting in its analysis that this kind of “always-on” flexible renewable energy resource Continue Reading

If a geothermal well could tap into a reservoir of supercritical fluids and use them to spin a turbine on the surface, it would be one of the most energy-dense Continue Reading

Here’s fun fact: the world’s deepest manmade hole goes 15 kilometers into the ground. They stopped drilling at the 15 th kilometer because it got too hot at the bottom Continue Reading

Geothermal energy is often billed as one of “the cleanest energy sources” –and with good reason. It’s carbon-free, renewable, and efficient. Even those stoic anti-hyperbolists over at the United States Continue Reading

The United States has a renewable, 24/7 clean energy resource right beneath its feet that can be used for electricity generation and direct heating and cooling. Geothermal energy is harnessed Continue Reading

Work on the floor of the drilling rig at the geothermal energy extraction site in Paris. Photographer: Kosuke Okahara/Bloomberg Squashed between a highway overpass and a towering suburban shopping center east of Paris, a drilling rig is completing the second of two geothermal wells aimed at capturing the earth’s natural heat for homes and offices. The project is one of five around the French capital being built by Engie, the new name for GDF Suez SA, accelerating a geothermal boom in the region. Greater Paris already boasted the world’s largest concentration of deep geothermal wells linked to heating networks, even before these latest additions. An energy law making its way through the French parliament that seeks to spur rewewable energy could lead to more. “This is the most active period for geothermal in two decades,” Damien Terouanne, head of Engie’s Cofely Reseaux unit that specializes in heating and cooling […]

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New Zealand Energy Minister Simon Bridges delivers keynote address at World Geothermal Congress, telling delegates his country is ready to lead an international movement. Photo courtesy of Government of New Zealand. MELBOURNE, April 20 (UPI) — New Zealand is ready to help lead an international movement toward including more geothermal energy in its renewable portfolio, the energy minister said Monday. New Zealand Energy Minister Simon Bridges delivered the keynote address to delegates gathered in Melbourne, Australia, for the World Geothermal Congress. New Zealand, Bridges said, has contributed roughly 25 percent of the growth in geothermal energy capacity over the past five years. "We are now the fifth largest geothermal power generator in the world," he said. The share of electricity generated from renewable resources in New Zealand last year was 79.9 percent, a 5 percent increase from the previous year. The government attributed the rise to the growth in […]

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In 2013, world geothermal electricity-generating capacity grew 3 percent to top 11,700 megawatts across 24 countries. Although some other renewable energy technologies are seeing much faster growth—wind power has expanded 21 percent per year since 2008, for example, while solar power has grown at a blistering 53 percent annual rate—this was geothermal’s best year since the 2007-08 financial crisis. Graph on World Cumulative Installed Geothermal Electricity-Generating Capacity, 1950-2013 Geothermal power’s relatively slower growth is not due to a paucity of energy to tap. On the contrary, the upper six miles of the earth’s crust holds 50,000 times the energy embodied in the world’s oil and gas reserves. But unlike the relative ease of measuring wind speed and solar radiation, test-drilling to assess deep heat resources prior to building a geothermal power plant is uncertain and costly. The developer may spend 15 percent of the project’s capital cost during test-drilling, […]

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