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GEL awarded the first-ever Contracts for Difference for geothermal

ThinkGeoEnergy

This increasing momentum in the UK’s geothermal industry will enable further innovation, cost reductions and crucially generate new highly skilled and green jobs, benefitting local communities. This is a hugely significant milestone in our push to extend the boundaries of what’s possible with geothermal power and heat.

Law 98
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Drill dominion: First ever CfDs awarded for geothermal energy

Envirotec Magazine

GEL is targeting 25 MWe of baseload electricity and 100 MWh of heat energy across its geothermal portfolio by 2028, enough heat and power for 70,000 homes. “Geothermal can provide zero carbon, 24/7 electricity and heat, thereby bypassing intermittency issues faced by technologies such as wind and solar.”

Energy 147
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Unlocking Geothermal Energy: Overcoming the Obstacles

EDF + Business

Karine Kleinhaus and Andrew Howell, CFA Oil and gas companies, federal agencies, and ambitious start-ups are coming together around innovation in geothermal energy that could give it a foundational role in the emerging clean power grid. The FORGE initiative field site in Milford, Utah. Photo credit: FORGE. Recent U.S.

Energy 57
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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). The projects are funded by DOE’s Geothermal Technologies Office in the Office of Energy Efficiency and Renewable Energy.

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Renewable power plants need better planning and design

Renewable Energy World

Over the past decade, $3 trillion has been invested in clean power worldwide. degrees Fahrenheit), the best-case scenario outlined at the Paris Climate Accord, global investment in renewable energy needs to double over the next decade. The world will need thousands of new solar, wind, and geothermal power plants.

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Global Briefing: Australia passes landmark climate legislation

Business Green

US Department of Energy launches new geothermal power 'Earthshot'. Granholm this week announced a new Department of Energy (DOE) goal to make enhanced geothermal systems (EGS) a widespread renewable energy option in the US by cutting its cost by 90 per cent to $45 per megawatt hour by 2035. US Energy Secretary Jennifer M.

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Various Positions at Fervo Energy

Women in Cleantech and Sustainability

Decarbonizing the energy sector is an urgent challenge, and with the right technology, geothermal energy can play a central role. Fervo Energy has developed technology to make geothermal power scalable and cost-effective. We are expanding our team to help make this vision a reality.