Remove Electricity Remove Geothermal power Remove Investment Remove North America
article thumbnail

Ormat acquires geothermal assets in Utah, Nevada, and California

ThinkGeoEnergy

Stillwater Hybrid geothermal and solar – located in Churchill County, Nevada, the triple hybrid power plant consists of a geothermal binary unit, Solar PV plant, and solar thermal plant that sells its clean electricity under a long-term PPA with NV Energy. Ormat Technologies, Inc.

article thumbnail

CTR breaks ground on geothermal and lithium facility in California

ThinkGeoEnergy

(CTR) has broken ground on the construction of an integrated geothermal power plant and lithium production facility at the Salton Sea in California. This is the first of seven project stages building towards a multi-billion-dollar clean energy precinct, the “Lithium Valley Campus.” ” The 1.85-billion-dollar

Lithium 116
Insiders

Sign Up for our Newsletter

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

article thumbnail

AGM calls for geothermal incentive from O&G industry in Mexico

ThinkGeoEnergy

.” Heber Diez further stated that the geothermal industry in Mexico can sustain and grow by drilling only a fraction of the number of the wells being drilled by the oil industry. Heber Diez went on to say that the investment requirement of geothermal represents a slight fraction of what is spent for the oil industry.

article thumbnail

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

ThinkGeoEnergy

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. In exchange for this tax credit, CTR is expected to make capital investments of more than $14.7

Lithium 59
article thumbnail

Geothermal draws great interest at CERAWeek in Houston, Texas

ThinkGeoEnergy

If we can capture the “heat beneath our feet,” it can be the clean, reliable, base-load scalable power for everybody from industries to households,” said Granholm during the announcement. Phase 2 is targeting an installed capacity of 88 to 125 GW, which would require $225 to $250 billion of investment.

article thumbnail

Interview – Building geothermal power generation capacity with ABB

ThinkGeoEnergy

Discussions and stories on geothermal power plants typically focus on the turbines, who is supplying them, and what technologies they use. To learn more about this aspect of power plant operations, we talked with Jonas Burström , Sales Manager for Motors and Generators at electrification and automation leader ABB.

article thumbnail

Zanskar raises $30 million to support AI-led geothermal exploration technology

ThinkGeoEnergy

Zanskar Geothermal & Minerals (Zanskar) has announced the closing of a $30 million funding round led by Obvious Ventures. This investment will go towards the scaling of Zanskar’s AI-led exploration technology to develop new geothermal resources.