Remove Carbon Remove Geothermal power Remove Innovation Remove Law
article thumbnail

Drill dominion: First ever CfDs awarded for geothermal energy

Envirotec Magazine

GEL is targeting 25 MWe of baseload electricity and 100 MWh of heat energy across its geothermal portfolio by 2028, enough heat and power for 70,000 homes. “Geothermal can provide zero carbon, 24/7 electricity and heat, thereby bypassing intermittency issues faced by technologies such as wind and solar.”

Energy 147
article thumbnail

GEL awarded the first-ever Contracts for Difference for geothermal

ThinkGeoEnergy

This increasing momentum in the UK’s geothermal industry will enable further innovation, cost reductions and crucially generate new highly skilled and green jobs, benefitting local communities. This is a hugely significant milestone in our push to extend the boundaries of what’s possible with geothermal power and heat.

Law 98
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Cornwall set to host Europe's first geothermal lithium pilot plant

Business Green

The project is a £4m collaboration between Cornish Lithium and Geothermal Engineering Ltd (GEL) at GEL's deep geothermal project site at United Downs. The pilot plant aims to demonstrate that lithium can be produced from geothermal brines with a zero carbon footprint, the firms said. Around £14.3m

Lithium 101
article thumbnail

Unlocking Geothermal Energy: Overcoming the Obstacles

EDF + Business

Karine Kleinhaus and Andrew Howell, CFA Oil and gas companies, federal agencies, and ambitious start-ups are coming together around innovation in geothermal energy that could give it a foundational role in the emerging clean power grid. Unless hydrogen is made from renewable electricity the process is still carbon-emitting.*

Energy 57
article thumbnail

US DOE announces $60M funding for three EGS projects

ThinkGeoEnergy

Department of Energy (DOE) has announced the selection of three projects that will receive up to $60 million to demonstrate the efficacy and scalability of enhanced geothermal systems (EGS). A recent DOE analysis indicates that advancing EGS can provide 90 GW of firm, flexible power to the U.S. Secretary of Energy Jennifer M.

article thumbnail

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.".

article thumbnail

Biden-Harris administration sends geothermal energy projects $60 million

Hydrogen Fuel News

The projects are focused on improving system efficiency and scalability The geothermal energy projects that have been selected to receive a total of up to $60 million from the DoE are focused on the improvement of efficacy and scalability of enhanced geothermal systems (EGS). The funding comes from the Bipartisan Infrastructure Law.

Energy 82