Geothermal power Investment North America Technology 
ThinkGeoEnergy
OCTOBER 23, 2023
Ormat Technologies, Inc. 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.
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.
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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 23, 2024
A ceremonial commitment signing was held in Jakarta between Nisha Biswal, Deputy Chief Executive Officer of the DFC and representatives from PT Medco Power Indonesia and Ormat Technologies Inc. MCG is jointly owned by Medco Power (51%) and Ormat Technologies (49%).
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.
ThinkGeoEnergy
MARCH 12, 2024
Quaise Energy , a geothermal drilling technology startup pioneering millimeter wave drilling technology, has just closed a $21 million Series A1 funding round led by Prelude Ventures and Safar Partners, with Mitsubishi Corporation and Standard Investments joining the company’s list of new investors.
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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