Energy transition
The Houston-based energy company's first generating unit has begun producing electricity as it works toward a buildout that could eventually power nearly 1 million US homes.
With funding opportunities improving, developers and researchers are focused on shortening project learning cycles and reducing uncertainty to attract more capital and speed deployment.
The US Department of Energy has awarded more than $99 million to 21 projects that will advance geothermal development through field-scale testing of next-generation technologies and exploration drilling programs across the US.
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Projects across the globe are exploring the power of offshore wind in an effort to reach net zero. -
Developing alternative power supplies with wide-scale reliability, dependability, and minimization or elimination of GHG emissions within feasible capex/opex scenarios is the brass ring of sustainability and energy security—and data are helping us get there.
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The geothermal company will use organic Rankine cycle (ORC) technology, which does not require steam to generate electricity.
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Oman’s Marsa LNG plant expects to drop its first LNG in Q1 2028 with production aimed at serving the marine fuel market (LNG bunkering) in the Gulf.
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The latest signs that momentum is building in the geothermal space include military bases.
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The updated joint development agreement allows the companies to carve out new markets while they complete pilot testing at a demonstration plant in the Netherlands.
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Texas has become an early hot spot for geothermal energy exploration as scores of former oil industry workers and executives are taking their knowledge to a new energy source.
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The US supermajor aims to speed the commercialization of a new liquid solvent that strips carbon dioxide from industrial flue gas.
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The challenges that geothermal energy faces to become a leading player in the net-zero world are well within the areas of expertise of the SPE community, ranging from rapid technology implementation and learning-by-doing to assure competitiveness to establishing suitable funding mechanisms to secure access to capital.
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Pink hydrogen, produced through water electrolysis powered by nuclear energy, recently drew attention which underscored the complexity of decision-making in advancing such projects.
