Geothermal energy
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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Extending and transferring the high-temperature capabilities of existing E&P technologies could make geothermal energy development possible—and scalable—anywhere in the world. -
The new geothermal project development company will offer expertise in subsurface and drilling, project development, and risk mitigation.
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Researchers at OU have received $2.5 million of US Department of Energy funding for a three-phase study to develop technologies to increase power production from geothermal wells. The geothermal development research site in Southern California sits on the US Navy’s largest single landholding.
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Nearly 90% of geothermal capacity built since 2000 is binary cycle.
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Oil and gas are not the only things in the ground that can power our lives. Heat in the form of geothermal energy is rapidly taking its place alongside other sources of renewable energy, buoyed by the lessons learned from decades of drilling for oil.
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Geothermal power offers enormous potential—an inexhaustible supply heat to drive huge electric plants around the clock—but that extreme heat can quickly kill conventional hardware, which led to something new.
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A Canadian research organization believes the country’s oilfield technology could help another energy sector drive down its costs and it may work out for heavy oil producers too.
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