Latest News

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

DEEP Earth Energy Production Corp. and SLB have entered a strategic collaboration to drive geothermal development in Canada with the country’s first next-generation project in Saskatchewan.

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

A new report, Geothermal Heat Pumps - Global Strategic Business Outlook 2024-2030, has been released by ResearchAndMarkets.com, providing a comprehensive analysis of the expanding geothermal heat pump industry. 

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

Erfurt, which is the capital of the German state of Thuringia, will conduct seismic surveys in the summer of this year, to explore a potential geothermal reservoir for district heating.

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

A new initiative led by the National Renewable Energy Laboratory (NREL), with funding from the U.S. Department of Energy’s (DOE) Geothermal Technologies Office, is exploring the potential of geothermal underground thermal energy storage (UTES) technology to tackle cooling challenges in data centres.

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

Arverne Group, a key industrial player in renewable underground resources, has partnered with Dalkia and Ile-de-France Energies & Territoires to create a low-carbon geothermal heating network for the towns of Clichy-sous-Bois and Livry-Gargan.

Through its subsidiary 2Gré, Arverne Group has signed a contract for the design, operation, and management of the geothermal network, which will provide sustainable, low-carbon, and affordable energy to local residents.

The project involves rehabilitating the existing network and installing a new system to serve newly developed neighborhoods. By 2031, the network will span 26 km and have a production capacity of 115 GWh. With 91% renewable energy, the geothermal network is expected to reduce CO₂ emissions by 20,000 tons annually, which is equivalent to removing 10,000 cars from the road. Starting July 1, the project will result in nearly a 50% reduction in household energy bills and lift approximately 1,100 families out of fuel poverty.

The total investment in this initiative amounts to nearly 90 million euros (approx. US$98.7mn), with support from all project partners, ADEME, and the Ile-de-France Region. Operations will commence in 2025, and the concession will last for 30 years. 2Gré will be responsible for the engineering, geothermal drilling, and maintenance work, with assistance from Arverne Drilling Services.

Pierre Brossollet, Founder and CEO of Arverne Group, stated, "This operational collaboration with Dalkia and Ile-de-France Energies & Territoires reflects the trust placed in Arverne Group and the excellent expertise of its subsidiaries 2Gré and Arverne Drilling Services. By deploying our integrated and innovative offer, we are demonstrating our ability to decarbonise local heating networks thanks to geothermal energy, a local and renewable energy that reduces CO₂ emissions, while offering significant savings on energy bills for individuals, local authorities and businesses."

• Region: Asia Pacific
• Topics: Geothermal
• Date: Jan, 2025

By the end of 2024, the world’s nations had added 389 MWe of geothermal capacity, bringing the global installed capacity to 16,867 MWe.

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

Reducing energy costs within the European Union is a primary goal, and the European Commission will unveil measures to address this issue next month, president Ursula von der Leyen recently announced.

"Energy prices in Europe are still structurally higher than in the United States and in China, and they vary significantly within the European Union," von der Leyen noted.

"We must bring them down while we complete the phase-out of Russian fossil fuels." She emphasized that diversifying energy sources and investing in "next generation clean energy technologies" were essential for lowering prices, citing fusion, enhanced geothermal, and solid-state batteries as examples.

Geothermal energy taps into the heat from deeper layers of the Earth’s crust to generate power. In contrast to conventional nuclear reactors, fusion involves fusing atomic nuclei at extremely high temperatures rather than splitting them.

Von der Leyen also highlighted the need to attract more private investment for the modernization of electricity grids and storage infrastructure, alongside improving the connection of low-carbon energy systems.

The Commission views the EU's high energy prices as a major hurdle to reviving its struggling economy and enhancing the bloc's global competitiveness. Von der Leyen stated she will present a plan for affordable energy in February.

• 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: Asia Pacific
• Topics: Geothermal
• Date: Jan 2025

Energy technology company SLB has teamed up with leading geothermal developer Star Energy Geothermal, a subsidiary of Indonesia’s renewable energy company Barito Renewables, to accelerate advanced technologies for geothermal asset development, thereby progressing the development of geothermal projects globally.

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

Europe's geothermal market has a new kid in the block with the advent of Swiss company Borobotics, which has launched an autonomous mini drilling machine as the 'world's most powerful worm'.

This 13.5 cm wide and 2.8 meters long tool that only takes up as little as a parking space is capable of empowering Europe with the mass adoption of geothermal energy, as the country seeks greener alternatives for electricity generation. 

While deep drilling requiring large rigs is a costly affair, Borobotics' tool can hit a maximum depth of 500 m -- enough to meet the rising demand for geothermal heat pumps. A handy tool to install, its operation doesn't require manual support as it evaluates its moves while penetrating the ground. The tool is equipped with sensors that can detect obstacles such as water or methane, and seal the bore accordingly.

Borobotics came to being in 2023, and with its first funding, is planning to test the robot in real conditions.