Geothermal energy
Initiative identified as the single highest-priority action to support geothermal capital market creation following a 2-year expert analysis of financial barriers to exponential-scale geothermal development.
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The US Department of Energy said it is making available $171.5 million to support field-scale tests for geothermal electricity generation and exploration drilling.
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Occidental Petroleum is teaming up with its largest shareholder, Berkshire Hathaway, to commercialize lithium extraction in California. -
Years in the making, the program sponsored by the US Department of Energy is celebrating its latest geothermal energy breakthrough in southwestern Utah.
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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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The latest signs that momentum is building in the geothermal space include military bases.
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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 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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The developer of the recently emerged anchorbit technology is preparing to drill its first geothermal well next year in Germany.
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Ignis H2 Energy and Imeco Inter Sarana announced a strategic partnership to expedite geothermal development in Indonesia.
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One area where the untapped potential of geothermal energy has been realized is in harnessing thermal energy from abandoned or inactive oil and gas wells. Such wells could be exploited for electricity generation or direct use through well repurposing.
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SponsoredWith almost three-quarters of the global greenhouse gas emissions coming from the energy sector, there is a heavy burden and a huge responsibility on the shoulders of all countries of the world to transform the energy sector to be cleaner and greener by eliminating these emissions.
