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IRENA reports 22% lower LCOE of geothermal power in 2022

ThinkGeoEnergy

Between 2021 and 2022, the global weighted average levelized cost of electricity (LCOE) of ten newly commissioned geothermal projects fell by 22% to USD 0.056 kWh. This statistic was reported by the International Renewable Energy Agency (IRENA) in their newly published document, “Renewable Power Generation Costs in 2022.”

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Zorlu Energy obtains geothermal operation license in Aydin, Türkiye

ThinkGeoEnergy

(Zorlu Geothermal) has obtained a 30-year operating license for its Kuyucak and Nazilli geothermal resource exploration sites in Aydin, Türkiye, Enerji Gunlugu reported. MW in geothermal and 272 MW in wind energy, accounting for 78% of the company’s total installed capacity in Türkiye from renewable energy sources.

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Goktekin Tarim plans geothermal drilling in Afyon, Türkiye

ThinkGeoEnergy

one of Goktekin Energy companies, is planning a geothermal resource exploration project with drilling in the Sandikli and Kiziloren districts of the Afyonkarahisar Province in Türkiye. Within the scope of the project, seven drilling areas have been determined and the planned drilling depths are 800 meters. Goktekin Tarim A.S.,

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Greentown Labs Member Milestones — November 2022

Greentown Labs

Dandelion Energy raised a $70M Series B-1 round to install geothermal heating and cooling solutions. investment in its vegetation intelligence platform that helps utilities reduce the risk of power outages and wildfires. Department of Energy to extract nickel and magnesium from mining waste. Overstory announced a $5.2M

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Meet Our Members: Introducing Greentown’s Newest Startups of Q4 2021

Greentown Labs

Twenty-five startups joined our community in the final months of 2021, working on innovations as diverse as solar-plus-storage for blackouts, plastic and tire recycling, geothermal power generation, and construction-less dam electrification. Electricity. Fervo Energy is a next-generation geothermal power developer.

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Interview – The impact of GeothermEx on the geothermal industry in the last 50 years

ThinkGeoEnergy

This “geothermal first” was the result of integrated geoscientific and reservoir engineering analyses in a very challenging resource, and it was a real breakthrough for geothermal in terms of getting projects financed. GW of geothermal power installed around the world—has helped the geothermal industry to grow.

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Heat network plans warm up with £30m funding boost

Business Green

The GHNF succeeded the HNIP in March this year and is designed to help deliver larger scale heat network projects, paving the way for low carbon heat technologies such as heat pumps, geothermal energy, and solar heating systems to be delivered at scale. The scheme is expected to reduce emissions equivalent to taking 5.6