article thumbnail

EDC celebrates 40th anniversary of Tongonan geothermal field, Philippines

ThinkGeoEnergy

The Energy Development Corporation (EDC) recently celebrated the 40th year anniversary of the Tongonan geothermal power plant in the Leyte geothermal field of the Philippines. After several years of intensive exploration and development work, the Tongonan-1 geothermal power plant was inaugurated on July 02, 1983.

article thumbnail

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
Insiders

Sign Up for our Newsletter

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

article thumbnail

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
article thumbnail

GEL to produce geothermal lithium from Cornwall, UK projects

ThinkGeoEnergy

GEL has already drilled two geothermal wells for the United Downs Deep Geothermal Project (UDDGP) – a production well that is 5275 meters deep, and a reinjection well that is 2393 meters deep. “There is a great deal of interest in direct lithium extraction from geothermal resources.

Lithium 98
article thumbnail

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.

article thumbnail

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
article thumbnail

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.