Latest News
Latest News
- Region: North America
- Topics: Geothermal
- Date: 03 Feb, 2025
Subsurface technology company Teverra LLC has been awarded a US$1.2mn grant from the Department of Energy (DOE) to advance its revolutionary Drilling Dynamics Geomechanics (DDG) technology into real-time capabilities.
- Region: Europe
- Topics: Geothermal
- Date: Jan, 2025
The European Geothermal Energy Council has announce five endorsed nominations for the Ruggero Bertani European Geothermal Innovation Award 2025.
- Region: All
- Topics: Geothermal
- Date: Jan, 2025
Geothermal energy technology provider, Magma Power, has announced that its patented magma-based geothermal energy solutions can now be leveraged for bitcoin mining, promoting environmental sustainability.
- 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.