In a move hailed as a transformative milestone for West Texas, the Presidio Municipal Development District (PMDD) has signed a 110 MW power purchase agreement (PPA) term sheet with Exceed Geo Energy
The Department of the Interior has announced that emergency permitting procedures have now been implemented to speed up the review of geothermal projects that pose critical for US national energy security and dominance.
According to new research by Wood Mackenzie, next-gen geothermal tech has the potential to transform the energy sector with its abundant power.
In a major step forward for clean energy innovation, the Public Utilities Commission of Nevada has officially approved a pioneering partnership between Google and NV Energy.
GreenFire Energy has launched its first commercial next-gen geothermal demonstration project at The Geysers.
Oil & gas and geothermal energy sectors both require skills, data, technology and supply chain elements that show a significant overlap, indicating that these skills are indeed transferable between sectors.
Considering the large scale innovations taking place in the geothermal energy sector, it has been observed that techniques such as subsurface evaluation, modelling, drilling and surface operations that are involved in the development of new geothermal projects, are very similar processes to those used in many upstream oil and gas projects.
This means that the expertise offered by oil & gas professionals as well as the resources from the industry, can be used in the development of next-generation geothermal technologies. One notable example as mentioned in a report by the International Energy Agency (IEA), is the reliance of enhanced geothermal systems (EGSs) on well stimulation, including hydraulic fracturing and directional drilling techniques that were refined for shale gas and tight oil operations in the US.
The report concluded that findings obtained through the examination of investment components revealed that around two-thirds of every dollar invested in conventional geothermal operations has a significant overlap with the oil and gas industry. This further confirms the close relationship between the required investments and the expertise and skills involved in the two sectors.
Enhanced geothermal systems (EGS) see a great future in the US, given their potential to generate around 90 GW of flexible power by 2050.
The Bureau of Land Management is seeking input for the proposed geothermal leasing of eight parcels totalling 20,000 acres in Elmore and Washington counties.
The US Department of the Interior will implement emergency permitting procedures to accelerate the development of domestic energy in response to President Trump’s declaration of a National Energy Emergency.
According to a new report from Rhodium Group, next-generation geothermal energy carries immense potential in powering data centre growth in the US over the next decade.
EXCEED Geo Energy has partnered with Peregrine Turbine Technologies for the deployment of EXCEED’s next-gen Infinity-Loop geothermal energy system.
Fervo Energy, a leader in next-generation geothermal development, has announced a 15-year power purchase agreement (PPA) with Shell Energy North America (US), L.P., for 31 MW of 24/7 carbon-free geothermal power