ThinkGeoEnergy
OCTOBER 23, 2023
Ormat is committed to a series of value-enhancing growth initiatives for these assets, which include: Enhancement and optimization of Cove Fort, Stillwater, and Salt Wells – Ormat intends to enhance and optimize the three operating geothermal assets by installing Ormat’s state-of-the-art equipment. Ormat Technologies, Inc.
ThinkGeoEnergy
APRIL 5, 2024
Heber Diez went on to say that the investment requirement of geothermal represents a slight fraction of what is spent for the oil industry. Geothermal power plants have a higher capacity factor, even compared to gas plants, and can operate regardless of time of day and weather conditions.
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ThinkGeoEnergy
APRIL 29, 2024
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
ThinkGeoEnergy
JANUARY 29, 2024
(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
ThinkGeoEnergy
MARCH 22, 2024
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.
ThinkGeoEnergy
MAY 7, 2024
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.
ThinkGeoEnergy
APRIL 23, 2024
The funding massively upscales Canada’s research and development efforts in geothermal power and supports its national commitment to achieve net-zero emissions by 2050 to address the climate crisis. The program focuses on deep geothermal systems in hot, dry rock five to 10 kilometers below Earth’s surface.
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