North America

• Region: North America
• Topics: Geothermal
• Date: Jan, 2025

Geothermal heating and cooling start-up Bedrock Energy has received US$12mn Series A funding to advance the company’s technologies, as well as expand its deployment in Colorado, Utah and neighbouring states.

• Region: Europe
• Topics: Geothermal
• Date: Jan, 2025

On his first day in office, President Donald Trump began reshaping the nation’s energy policies with a flurry of executive orders favoring oil, gas, and coal. However, one renewable energy source found unexpected support: geothermal.

• Region: North America
• Topics: Geothermal
• Date: Jan, 2025

Geothermal and renewable energy company, Ormat Technologies, has signed a 10-year Power Purchase Agreement (PPA) with North American supplier, Calpine Energy Solutions.

The agreement enables Calpine to purchase up to 15MW of clean, renewable energy from the Mammoth 2 geothermal power plant near Mammoth Lakes, California.

The new PPA that replaces the one with the Southern California Edison Company will become applicable for energy deliveries from 2027, equipped with increased production capacities and higher price points to meet the tight supply-demand balance of carbon-differentiated electricity in California, driven by state Renewable Portfolio Standards (RPS) compliance needs and voluntary corporate demand.

Serving customised energy strategies

Sean Fallmer, President, Calpine Energy Solutions explained, “Now more than ever, it’s critical to have a robust network of strategic partners, like Ormat, that focus on alternative and renewable geothermal supply-side technologies that ensure our retail clients can procure customised, scalable energy strategies that are aligned to their unique cost, risk, and carbon goals.”

Doron Blachar, Chief Executive Officer of Ormat Technologies, commented, “We are excited to partner with Calpine Energy Solutions to provide them with reliable zero emission power from our Mammoth 2 geothermal facility. Under this agreement, Ormat will add up to 15MW of geothermal energy to Calpine Energy Solutions, reinforcing their commitment to further supporting their clients in reaching their sustainability goals. Ormat remains on track to meet its long-term targets for generation capacity growth in our Electricity segment. This new PPA with its significantly improved economics, underscores not only the robust growth in renewable power demand but also the market’s trust in our leading geothermal capabilities.”

• Region: North America
• Topics: Geothermal
• Date: Jan, 2025

The world has an enormous untapped source of energy beneath its surface– geothermal energy. Using advanced technology, we could generate electricity by tapping into the heat stored in the Earth’s crust. 

• Region: North America
• Topics: Geothermal
• Date: Jan, 2025

The U.S. Department of Energy (DOE) Advanced Research Projects Agency-Energy (ARPA-E) has announced a US$30mn programme to increase geothermal power production by unlocking superhot reservoirs deep within the Earth.

• Region: North America
• Topics: Geothermal
• Date: Jan, 2025

The Bureau of Land Management (BLM) has finalised a new categorical exclusion that will aid in the acceleration of new geothermal discovery on public lands.

• Region: North America
• Topics: Geothermal
• Date: Jan, 2025

The US Department of Energy’s Loan Programs Office (LPO) has announced a conditional commitment to EnergySource Minerals LLC (ESM), via subsidiary SPV ESM ATLiS LLC (ATLiS) for a direct loan of up to US$1.36bn for the construction and operation of the ATLiS facility in Imperial County, California, which will produce lithium hydroxide from geothermal brine.

• Region: North America
• Topics: Geothermal
• Date: Jan, 2025

Driven by a commitment to work in partnership with indigenous communities to advance the clean energy transition, the Government of Canada has announced it will supply over CAD$2mn in geothermal funding.

• Region: North America
• Topics: Geothermal
• Date: Jan, 2025

A hotbed of energy with frequent volcanic occurrences, the Clear Lake Volcanic Field (CLVF) in Northern California that extends 300 sq miles, is an ideal site for geothermal development. 

• Region: All
• Topics: Geothermal
• Date: Jan, 2025

While solar and wind continue to primarily lead the global energy transition, new energies are also spicing up the mix, with geothermal gaining much traction. As administrations across the globe are announcing funding and studies on this area, its adoption is, however, still at a nascent stage.

• Region: North America
• Topics: Geothermal
• Date: Jan, 2025

While geothermal developments in America have been in the picture ever since the 19th century, they were mostly driven by steam power. The recent ones are being increasingly capacitated by binary cycle, which means the heating of a secondary fluid to gear a turbine. 

• Region: North America
• Topics: Geothermal
• Date: Jan, 2025

The FY25 Phase 1 Release 2 Notice of Funding Opportunity was recently released on 27 December 2024 by the US Department of Energy's Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) Programmes.