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Research for ultradeep geothermal in Canada receives major funding

ThinkGeoEnergy

The funding massively upscales Canada’s research and development efforts in geothermal power and supports its national commitment to achieve net-zero emissions by 2050 to address the climate crisis. The program focuses on deep geothermal systems in hot, dry rock five to 10 kilometers below Earth’s surface. “I

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CTR to receive $30 million tax credit from California to support geothermal lithium project

ThinkGeoEnergy

The tax credits will support the critical development of the Hell’s Kitchen Lithium and Power Project in Imperial County. CTR was one of the eight innovative companies that received a total of $120 million in investment from the State of California. billion in private investment over the next five years.

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Geothermal draws great interest at CERAWeek in Houston, Texas

ThinkGeoEnergy

The annual CERAWeek, organized by S&P Global, is the world’s premier energy conference, featuring insights on energy policy and regulation, climate change, geopolitics, technical innovation, among others. This is just for phase 1 of the commercial liftoff roadmap. .

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News roundup – State funding spurs multiple geothermal projects in Colorado

ThinkGeoEnergy

million in grant awards from the Colorado Energy Office for 35 innovative geothermal projects in the State of Colorado, multiple releases have been published providing more details on these projects. Benjamin Burke, Chief Executive Officer, Gradient Geothermal. “We Following news of the $7.7

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US DOE announces $44 million funding for EGS innovation projects

ThinkGeoEnergy

By investing in EGS technology development through FORGE and other initiatives, GTO is working to achieve the Enhanced Geothermal Shot goals of reducing the cost of EGS by 90% by 2035 and deploying geothermal nationwide to help meet the Biden-Harris Administration’s goal for a net-zero-carbon economy by 2050. Source: U.S.

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US DOE publishes report on Commercial Liftoff of Next-Generation Geothermal

ThinkGeoEnergy

The US Department of Energy (DOE) has released the “Pathways to Commercial Liftoff: Next-Generation Geothermal Power” report, highlighting the potential of next-generation geothermal power to transform the U.S. energy landscape. The full report can be accessed via this link.

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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.