At the beginning of March, the Bureau of Land Management (BLM) approved the Newcastle Geothermal Development project which is expected to generate up to 20MW of renewable energy for the public lands near Newcastle, Utah.
The Organisation of Eastern Caribbean States (OECS) and New Zealand have signed a partnership agreement to advance the development of geothermal energy within the Caribbean.
DEEP Earth Energy Production Corp. (DEEP) has signed an MoU with the Saskatchewan First Nations Natural Resource Centre of Excellence to establish a framework for First Nation investment in DEEP’s geothermal power project.
Clean Energy Technologies, Inc., a provider of turnkey energy solutions specializing in advanced technologies for cost-effective and eco-friendly energy generation, has signed a Memorandum of Understanding (MOU) with Qymers Canada Inc
Under this agreement, CETY has secured an initial US$500,000 order for two Clean Cycle units, which will support the deployment of Qymera’s monobore geothermal technology. This innovative approach is designed to provide reliable, zero-emission baseload power for industries such as mining, manufacturing, and data centers by offering a dedicated energy source tailored to their needs.
This collaboration reinforces CETY’s commitment to advancing clean energy adoption worldwide while expanding its presence in the heat-to-power sector.
Key aspects of the CETY-Qymera partnership
Qymera’s monobore technology simplifies geothermal energy production by eliminating the need for injection wells, reducing both operational complexity and associated costs. Additionally, this system addresses a key challenge in traditional geothermal projects—seismic activity caused by fluid reinjection—by focusing solely on heat extraction rather than steam generation.
Kam Mahdi, CEO of Clean Energy Technologies, Inc., commented, "By utilizing Qymera’s geothermal technology, mining, manufacturing, and data center companies and developers should be able to not only achieve reliable baseload power but will also contribute to global green initiatives and generate carbon credits. Qymera’s system significantly reduces both the cost and time required by traditional geothermal projects, supporting operational efficiency and environmental responsibility. CETY’s end-to-end turnkey energy solutions should expedite market launch and deployment of these technologies. Additionally, CETY's diversified heat-to-power solutions utilize Organic Rankine Cycle (ORC) technologies that we acquired from General Electric, and under our strategic partnership with Exergy, to address mid-size to large-scale heat applications. The two Clean Cycle units sold should support the pilot run for the B.C. Canada project and create a foundation for other initiatives."
Sage Geosystems Inc. (Sage), a leader in Pressure Geothermal technology, has announced its selection by the U.S. Air Force Office of Energy Assurance and the U.S. Department of Defense’s (DoD) Chief Digital and Artificial Intelligence Office (CDAO) to investigate how America’s vast geothermal energy resources can be harnessed to enhance national security and energy independence
The Fort Nelson First Nation (FNFN) in British Columbia, Canada, is spearheading the Tu Deh-Kah geothermal project, which has received US$1.2mn in funding from the Government of Canada through Natural Resources Canada.
Ignis H2 Energy Inc., a geothermal exploration and development startup, has successfully closed its Series A funding round, raising US$12.5mn from a consortium of investors, including leading funds and private individuals.
Swegon has entered into an agreement to acquire American Geothermal, a US-based manufacturer of heating and cooling systems for the concrete industry, as well as heat pumps and chillers for various sectors including healthcare, commercial, industrial, government, and institutional buildings.
Mexican President Claudia Sheinbaum has presented a set of energy reform proposals to the Joint Committee on Energy and Legislative Studies of both the Senate and the Chamber of Deputies
GreenFire Energy, has announced two strategic additions to its leadership team with the appointment of Derek Dixon as Vice President of Business Development, and Cory Draper and Vice President of Asset Management.
400C Energy, a tech-driven enhanced geothermal developer, has announced the acquisition of an existing well in Utah, located near the DOE FORGE project.
Zanskar Geothermal & Minerals is making waves in the geothermal energy sector with a development at its Lightning Dock geothermal power plant.