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The COP28 pledge to triple up by 2030 and implications for geothermal

ThinkGeoEnergy

Global installed renewable electricity generation capacity in the 1.5°C C Scenario, 2022 and 2030 (source: IRENA, “Tripling renewable power and doubling energy efficiency by 2030: Crucial steps towards 1.5°C”) This is the only way that ambition can become reality.

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Terrapin and TerraScale announce merger to enhance geothermal capabilities

ThinkGeoEnergy

Terrapin Geothermics Inc. , a Canadian geothermal energy developer specializing in generating clean, baseload electricity and heat from industrial waste heat and deep geothermal resources, today announced that it is merging with award-winning California -based green infrastructure development and advisory firm, TerraScale Inc.

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GreenFire Energy selected for Launch Alaska portfolio

ThinkGeoEnergy

GreenLoop solutions offer a stable and predictable cost of energy while providing a valuable mix of power and direct use heating and cooling. Sitting on the Pacific “Ring of Fire,” Alaska is rich with geothermal resources, particularly in the southern volcanic regions as well as other regional hot spring areas.

Energy 52
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Interest surging for superhot, superdeep geothermal energy

ThinkGeoEnergy

In an indication of growing interest in the holy grail of geothermal energy—tapping into the superhot rock miles below our feet—18 papers on the topic were presented over multiple sessions at a recent major conference on the overall geothermal industry. “By Today we can’t access those resources.

Energy 111
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GeothermEx confirms sustainability of DEEP geothermal project in Canada

ThinkGeoEnergy

DEEP conducted surface and subsurface resource exploration and reservoir testing activities to characterize the geothermal resource in the Project area and its ability to support the development of geothermal power facilities. GW of clean geothermal electricity and more than $14 billion of related investments.

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News roundup – State funding spurs multiple geothermal projects in Colorado

ThinkGeoEnergy

To recap, the list of projects cover a wide range of geothermal applications with the grants divided as such: Single-structure geothermal heat pump installations – $947,000 Interconnected thermal energy networks between buildings – $3.57 million Geothermal electricity generation – $3.22

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US DOE announces $60M funding for three EGS projects

ThinkGeoEnergy

Fervo Energy — This pilot within the Milford Renewable Energy Corridor in Utah and adjacent to the DOE’s Frontier Observatory for Research in Geothermal Energy (FORGE) field laboratory aims to produce at least 8 megawatts of power from each of three wells at a site with no existing commercial geothermal power production.