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IRENA reports 22% lower LCOE of geothermal power in 2022

ThinkGeoEnergy

.” Global LCOE from newly commissioned, utility-scale renewable power technologies, 2021-2022 (source: IRENA) In the case of geothermal, decreased installed costs and the constantly high capacity factor were the driving factors for a more competitive LCOE in 2022.

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PPC Renewables plans 250-kW geothermal pilot in Lesvos, Greece

ThinkGeoEnergy

This is considered only an initial stage in development with the ultimate goal of installing and operating an 8-MW geothermal power station in Lesvos. Initial research on the geothermal potential of Lesvos started in 2009 but has been stagnant since 2011.

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Eastland Group raises capital to support geothermal projects in New Zealand

ThinkGeoEnergy

The company has been operating in New Zealand since 2011 and has delivered several significant projects such as New Zealand’s first megawatt-class green hydrogen production facility, Halcyon Power. Te Ahi o Maui (pictured) was Eastland Generation’s first geothermal power plant they built from the ground up.

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Interview – Singapore, Asia’s newest emerging geothermal market

ThinkGeoEnergy

History of geothermal exploration in Singapore (source: Alessandro Romagnoli) Subsequently, there was a six-year pause in the study before researchers at the National University of Singapore (NUS) expanded the groundwater concept in 2009-2012, simulating the first computer model for the Singapore geothermal reservoir (Oliver et al.