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Drill dominion: First ever CfDs awarded for geothermal energy

Envirotec Magazine

The Renewable Energy Association and Arup have estimated* that the development of deep geothermal projects in the UK could fulfil the UK’s entire residential heat demand for 100 years and create as many as 10,000 direct and 25,000 indirect jobs by 2050.

Energy 147
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GEL awarded the first-ever Contracts for Difference for geothermal

ThinkGeoEnergy

The Renewable Energy Association and Arup have estimated that the development of deep geothermal projects in the UK could fulfil the UK’s entire residential heat demand for 100 years and create as many as 10,000 direct and 25,000 indirect jobs by 2050. “We

Law 98
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GEL to produce geothermal lithium from Cornwall, UK projects

ThinkGeoEnergy

Geothermal Engineering Limited (GEL) has announced plans of producing around 10o tonnes of Lithium Carbon Equivalent (LCE) per year from the company’s geothermal projects in Cornwall, UK. “There is a great deal of interest in direct lithium extraction from geothermal resources.

Lithium 98
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Plans for Cornwall geothermal plant heat up thanks to £15m funding boost

Business Green

The company revealed this morning it has secured £12m from private equity firm Kerogen Capital and £3m from clean energy investor Thrive Renewables PLC that should allow it to complete work on its flagship United Downs geothermal facility near Redruth.

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Unlocking Geothermal Energy: Overcoming the Obstacles

EDF + Business

funding initiatives for EGS include $44 million for DOE’s Frontier Observatory for Geothermal Energy Research (FORGE), up to $165 million to transfer best practices from oil and gas to advance geothermal (EGS and conventional), and $84 million of support from the Bipartisan Infrastructure Law for four pilot EGS demonstration projects.

Energy 57
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Next Prime Minister to face legal requirement to beef up Net Zero Strategy

Business Green

Ruling on a case brought by Friends of the Earth, ClientEarth, and the Good Law Project, Mr Justice Holgate agreed the strategy lacked sufficient explanation or quantification as to how the decarbonisation plans set out in the Net Zero Strategy published last autumn would achieve emissions targets for the 2030s and beyond.

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Global Briefing: Australia passes landmark climate legislation

Business Green

has this week announced an exclusive partnership with leading carbon storage developer Frontier Carbon Solutions which aims to permanently remove five million tons of atmospheric CO2 annually by 2030. Our goal is to leverage economies of scale to offer the lowest priced DAC-based carbon removal credits in the market.".