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Showing posts from January 29, 2023

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NYC Subway Thermal Energy Network Pilot: Geothermal Heat Capture, Radiant Cooling, Seasonal Storage

New York’s Subway Heat Turned into Winter Warmth: The City’s First Transit Thermal Energy Network Pilot Turning platform heat into usable energy — what the Chambers Street and Brooklyn Bridge–City Hall pilot means for urban energy systems New York City has launched a study to design and test a Thermal Energy Network (TEN) that would capture excess heat from two of Lower Manhattan’s hottest subway stations and reuse it to heat nearby municipal buildings. The proposed pilot, centered on the Brooklyn Bridge–City Hall 4/5/6 complex and the Chambers Street J/Z station, is notable for being the first time TENs are being considered inside a U.S. transit system. The plan pairs radiant cooling on platforms with geothermal borehole storage under an abandoned center platform at Chambers Street, converting otherwise wasted heat into a supply that can be stored seasonally and delivered to surrounding municipal facilities during colder months. This initiative sits at the intersection of urban heat r...

A Groundbreaking Study Explores the Limitless Potential of Geothermal Energy in Texas"

image source : AP/ Business Wire A groundbreaking study on the potential of geothermal energy in Texas has been published, drawing attention to the immense promise of this renewable source of energy. Geothermal energy, which harnesses heat from beneath the earth's surface, has been utilized for thousands of years for its therapeutic properties in hot springs. However, until now, the technology to extract this energy on a large scale has been restricted to areas near volcanoes. Researchers from five Texas universities, along with the International Energy Agency and the University Lands office, have found that the new advancements in geothermal energy extraction make it feasible to extract this energy anywhere. The lead author of the study, Ken Wisian of the School of Geo-sciences at the University of Texas Austin, spoke about their findings in an interview. Wisian cited three key factors that have made geothermal energy a more viable option: improvements in drilling speed and effici...

A DOE Study Paves the Way for a Geothermal Revolution in the US

image source: (unsplash.com, Grad Prismatic Spring Geyser Tourism Pictures by James Lee) The U.S. Department of Energy has unveiled a new study that highlights the limitless potential of Enhanced Geothermal Systems (EGS) as a widely adopted source of renewable energy in the country. Commissioned by the DOE's National Renewable Energy Laboratory, the study reveals that the goal of reducing EGS costs by 90% to $45 per megawatt-hour by 2035 is ambitious yet attainable with the advancement of technology. The Enhanced Geothermal Shot, an endeavor to unlock the Earth's seemingly infinite heat resources, seeks to provide a reliable, clean source of power for American communities and stimulate the growth of the domestic geothermal industry. With over five terawatts of heat resources in the United States, equivalent to the energy needs of the entire world, the study estimates that the country could harness enough of these resources to power more than 65 million homes. "The United S...

"Unleashing a Geothermal Powerhouse: Pertamina Geothermal Revamps IPO with a Whopping $611 Million Valuation!"

image source: (unsplash.com, Aldrin Rachman Pradana Indonesia East Sara Malang City) Indonesia's Pertamina Geothermal Energy, a subsidiary of the state energy company Pertamina, has refined the expected price range for its highly-anticipated initial public offering (IPO). The range, now set between 875 to 880 rupiah per share, values the IPO at a staggering 9.11 trillion rupiah (approximately $611 million), marking the largest such offering in Indonesia in almost a year, following the record-breaking $1.1 billion listing of technology firm, GoTo, in April. This latest development sees the price range significantly narrowed from the initial 820 to 945 rupiah range outlined in the prospectus just three days prior. Pertamina Geothermal aims to double its geothermal capacity by 2027-2028, a feat that may cost an estimated $4 billion. As Indonesia, Southeast Asia's largest economy, seeks to reduce carbon emissions and cut energy imports, tapping into its geothermal resources is beco...

"ČEZ Boosts Investment in Dukovany, Paves the Way for Cutting-Edge 16-Month Fuel Cycles

Dukovany has four reactors (Image: ČEZ) Czech utility company, ČEZ, has declared its intention to invest over CZK2.3 billion ($105 million) into the Dukovany Nuclear Power Plant, with the primary goal of ensuring its "safe and reliable operation" until at least 2047. The investment is a half a billion crowns more than the previous year. Bohdan Zronek, a member of ČEZ's board of directors, emphasized the significance of nuclear energy as a zero-emission resource and stated that the investments are aimed at ensuring Dukovany's safe operation for the next six decades, regardless of the increase in the volume of work this year. Additionally, the utility company is extending the fuel cycles of the four units at Dukovany by four months, from the current 12-month cycles, which is expected to increase efficiency as fewer fuel replacements will be required. The most challenging project, according to Plant Director Roman Havlín, will be cleaning the steam generators. He explain...

"Cosmic Giants Take on Daring Spacewalk Mission: NASA and JAXA Astronauts Upgrade the International Space Station"

  image source:nasa.blog.gov "Cosmic Pioneers Tackle Monumental Task in Space: NASA and JAXA Astronauts Embark on Epic Spacewalk to Upgrade the International Space Station" Two of the world's most daring space explorers, NASA astronaut Nicole Mann and Japan Aerospace Exploration Agency (JAXA) astronaut Koichi Wakata, have embarked on a mission of celestial significance. At 7:45 a.m. EST, they began a spacewalk to complete the construction of a mounting platform on the 1A power channel, a task that was initiated during a previous spacewalk on January 20th. Their mission is part of a larger effort to augment the power channels of the International Space Station with cutting-edge technology. The astronauts will be installing International Space Station Roll-Out Solar Arrays (iROSAs), state-of-the-art devices that will provide the station with additional power, essential for its ongoing operations. With precision and grace, Mann and Wakata will be relocating and installing an...

"Turkey Gears Up for a Nuclear Future: South Korea Offers to Power the Nation with Four State-of-the-Art Reactors"

KEPCO CEO Seung-il Jeong (left) submits the proposal to Turkey's Minister of Energy and Natural Resources Fatih Dönmez (Image: KEPCO) South Korea's Korea Electric Power Corporation (KEPCO) has submitted a proposal to the Turkish government for the construction of four APR-1400 reactors in northern Turkey. KEPCO CEO Seung-il Jeong and Turkey's Minister of Energy and Natural Resources, Fatih Dönmez, met on January 30 to discuss the project, which KEPCO said will involve a project feasibility study to determine the optimal business promotion plan. KEPCO has a proven track record in delivering successful nuclear power plant projects, having completed construction of four APR1400 reactors in the UAE under a $20 billion deal in 2009. The company is the only operator among the latest nuclear power plants under construction in the West that has met budget and timeline expectations, earning the trust of its customers. Turkey has made great strides in its nuclear program, launching t...

"Revolutionary New Nuclear Unit Connected to Grid, Promising Cheap and Clean Energy for Slovakia"

The Mochovce nuclear power plant (Image: Slovenské elektrárne) After years of construction and careful preparation, the new Unit 3 at the Mochovce Nuclear Power Plant in Slovakia has finally come to life! At 10.57pm on January 31, the unit was successfully connected to the grid for the first time, operating at 20% of its full capacity. This momentous event represents a major milestone not just for the company, Slovenské elektrárne, but also for the entire country. The Unit 3 will play a crucial role in supplying cheap electricity to households and contributing to the country's efforts towards reducing greenhouse gas emissions and becoming carbon neutral. The journey to this point has been a long and meticulous one. Tests were carried out at increasing levels of power, starting at 5% and gradually increasing to 20%. The steam turbines were brought to life for the first time over the weekend, spinning up to the nominal speed of 3000 revolutions per minute. The generator, block transf...

"Rolls-Royce and the Czech Republic Join Forces for a Nuclear Revolution: The Future of Energy is Here!"

How a Rolls-Royce SMR plant might look (Image: Rolls-Royce SMR) Rolls-Royce and the Czech Republic are collaborating to bring cutting-edge nuclear technology to the heart of Europe. The two nations have joined forces to explore the deployment of Rolls-Royce's Small Modular Reactors (SMRs) in the Czech Republic, with the hope of combining their expertise to bring this revolutionary technology online by the early 2030s. The UK Minister for Trade Policy, Greg Hands, believes that this partnership will not only support growth and job creation, but also boost the economy and enhance energy security. The Rolls-Royce SMR, with a design capacity of 470 MWe, is based on a small pressurized water reactor and the company aims to have the first one in operation in the UK by the end of the decade. In March 2022, the Czech energy company CEZ announced its intention to build the country's first SMRs at its Temelín site, having already signed Memorandums of Understanding with several other nuc...

"A $100 Million Journey to Revolutionize Energy: Australia and Germany Join Forces to Unleash the Potential of Renewable Hydrogen"

© shutterstock/Audio und werbung Australia and Germany have joined forces in a quest to revolutionize renewable hydrogen production through a $100 million funding initiative known as the German-Australian Hydrogen Innovation and Technology Incubator (HyGATE). This partnership, aimed at accelerating research and development in the field, will finance four joint projects, including the world's first solar methanol plant and a 10 MW hydrogen electrolyzer that will tap into Australia's first major solar thermal project in South Australia's Port Augusta. Two of the projects, the EGH2 and the Atco ScaleH2 initiatives, represent the final stage of what could become massive gigawatt-scale green hydrogen projects in Queensland and New South Wales, respectively. The EGH2 project, a collaboration between Edify Energy and Siemens Energy, will be deployed in Townsville, Queensland, and will employ a 17.5 MW Siemens Energy electrolyzer and 21 MW solar PV to produce renewable hydrogen. Th...

"The Dawn of a New Era: Groundbreaking Partnership Forms to Construct North America's First Grid-Scale Small Modular Reactor"

"Unlock the Secrets of North America's Groundbreaking Energy Move: A Trailblazing Team of Power Giants Joins Forces to Deliver the First Commercial Contract for a Grid-Scale Small Modular Reactor (SMR). Discover how Ontario Power Generation, GE Hitachi, SNC-Lavalin, and Aecon are revolutionizing the energy landscape with their cutting-edge integrated project delivery model to engineer, develop, and construct a BWRX-300 at OPG's Darlington New Nuclear Project." L-R: Hartwick, Wileman, SNC-Lavalin SNC President, Nuclear Joe St Julian and Clochard at the livestreamed signing (Image: OPG on Twitter) "Revolutionary Energy Alliance Takes Shape: Four Powerhouses Join Forces to Spark a Nuclear Renaissance. Get ready to witness history in the making as Ontario Power Generation, GE Hitachi, SNC-Lavalin, and Aecon come together to deliver North America's first commercial contract for a Grid-Scale Small Modular Reactor (SMR). Discover how each partner is poised to play a...

"Revolutionary Partnership Unveiled: Ross Energy and Fidelis New Energy Join Forces to Revolutionize CO2 Storage in Denmark"

image source: (unsplash.com,riccardo annandale) Ross Energy and Fidelis New Energy have formed a unique partnership to develop and operate onshore CO2 storage networks in Denmark and Southern Sweden. The partnership will focus on evaluating subsurface areas, characterizing reservoirs, testing, seismic acquisition, and developing carbon storage fields. Fidelis is building the Norne Carbon Storage Hub, a Danish CO2 storage network that will provide cost-effective and safe decarbonization options for CO2 emitting companies. This project aims to begin injecting CO2 into onshore storage structures by 2026, with a goal of injecting 20 million tonnes or more annually by 2030. The Norne Carbon Storage Hub will receive CO2 from both local and international sources, either via pipeline or shipborne transport at multiple facilities. Fidelis has chosen Ross Energy as its sole well management and subsurface development partner for its current and future CO2 storage projects in Denmark and Southern ...

"Uzbekistan's Nuclear Dream Takes a Step Forward: IAEA Experts Uncover Safe Site for Historic Reactor Commission"

IAEA safety review team members and Uzatom experts inspect the meteorological station near the selected nuclear power plant site (Image: Neil Harman, Jacobs Uzbekistan is on the brink of a historic moment as it seeks to commission two VVER-1200 pressurized water reactors, scheduled for 2028 and 2030. The journey to build the country's first nuclear power plant has been a thorough one, with UzAtom, the state agency for nuclear energy, leaving no stone unturned in ensuring the project meets the highest international standards of safety. In January 2023, an IAEA SEED mission team made a trip to Uzbekistan to review the country's safety processes for evaluating the site of the plant. The team of experts from France, Turkey, the UK and the IAEA, conducted interviews and made a visit to the selected site near Lake Tuzkan, in the Farishsky district. The SEED mission found that Uzbekistan has carried out an objective and safety-oriented site characterisation process that puts the safet...

"Uncovering the Intricate Bond between Geothermal Energy and Water: The Key to Unlocking Limitless Renewable Energy?

image source:(Unsplash.com ,jensen Newcomb) Geothermal energy and water have an inextricable relationship that has captivated scientists and energy enthusiasts alike. This source of renewable energy is generated by tapping into the immense heat that originates from the Earth’s core. This heat, which is transferred to the surface through subterranean water reservoirs and geothermal reservoirs, is the key to unlocking the vast potential of geothermal energy. To understand the relationship between geothermal energy and water, it's crucial to grasp how geothermal energy is produced. At the heart of geothermal energy production is the phenomenon of heat transfer, where heat is transferred from a hotter body to a colder body. In the case of geothermal energy, the heat source is the Earth’s core, and the heat is transferred to the surface through underground water reservoirs. When water is pumped from these underground reservoirs, it is heated by the Earth’s heat and can be used to genera...

"bp's Green Revolution: The Birth of Germany's Groundbreaking Hydrogen Hub in Wilhelmshaven"

image source:(unspalsh.com,Simon Cheung) BP is eyeing the possibility of constructing a state-of-the-art hydrogen hub in Wilhelmshaven, Germany. The project, set to feature an industry-leading ammonia cracker, aims to produce up to 130,000 tons of low-carbon hydrogen annually from 2028. The hydrogen will be derived from green ammonia, created through the combination of nitrogen and hydrogen extracted from electrolysis utilizing renewable energy sources. The green ammonia will be transported from BP's green hydrogen projects worldwide to Wilhelmshaven, where it will undergo conversion into hydrogen. Patrick Wendeler, CEO of BP Europa SE, stated, “At BP, we possess the skills and capacity to traverse the entire value chain of green hydrogen production, from conversion into derivatives such as ammonia, transport, and reconversion to supply green hydrogen to those who require it.” The proposed project is poised to promote energy independence for German customers and advance the nation...

"Revolutionary Partnership: CNL and TRIUMF Unveil Plans to Transform the Landscape of Nuclear Science and Technology"

Inside TRIUMF's main accelerator building (Image: CNL/TRIUMF) The newly signed agreement between Canadian Nuclear Laboratories (CNL) and TRIUMF, Canada's national nuclear laboratory, promises to be a catalyst for research and innovation. The two organizations have come together to embark on joint research projects and exchange scientific information and equipment in areas of mutual interest, such as health sciences, materials sciences, radiation, analytical and imaging technologies, cyber security, and accelerator and particle detection technologies. CNL operates sites across Canada for Atomic Energy of Canada Ltd, fostering collaboration between government, industry, academia and the private sector to support the safe and reliable operation of Canada's nuclear fleet, as well as clean energy, public health, environmental stewardship, and national security initiatives. On the other hand, TRIUMF, established in 1968 and based in Vancouver, is a hub for advanced particle and n...

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Eavor Kleefeld II Permit Boosts Hannover Geothermal Expansion and Deep Heat Development

Eavor Secures Kleefeld II: A New Milestone for Hannover’s Deep Geothermal Ambitions Image: A Thematic image of The Eavor Project at Geretsried  Eavor’s new Kleefeld II permit marks an important step forward for deep geothermal development in Hannover, reinforcing the city’s position as one of Germany’s most closely watched urban heat-transition markets . The licence covers about 64.5 square kilometers, lasts for three years, and combines the former Buchholz and Kleefeld I exploration areas into a single, larger field that Eavor already controlled. The decision is more than an administrative update. It signals continued confidence in geothermal as a practical, scalable source of district heating in a dense metropolitan region. For Hannover, it also strengthens a project that has been building momentum for several years and could become a reference case for other European cities seeking cleaner, locally produced heat. A New Chapter For Hannover Kleefeld II sits in the northeast of...

XGS Energy IPO: Morgan Stanley, Geothermal Growth, and Fervo’s Market Momentum

XGS Energy Weighs IPO After Hiring Morgan Stanley, Chasing Fervo's Geothermal Momentum Geothermal developer XGS Energy has hired Morgan Stanley to evaluate an initial public offering, positioning itself as a potential second geothermal IPO of 2026 after Fervo Energy's blockbuster listing. The move underscores growing investor appetite for clean, firm power technologies as data-center demand and grid reliability concerns reshape the energy investment landscape. The Scoop: Morgan Stanley, IPO Timing, and Market Context In early July 2026, Axios Pro reported that XGS Energy engaged Morgan Stanley to assess a public listing, with company leadership potentially deciding within about a month whether to proceed. The timing is strategic: Fervo Energy's May 2026 IPO created a rare "open window" for geothermal equities, providing valuation benchmarks and investor education that earlier private rounds lacked. For investors, the narrative is straightforward. If Fervo proved t...

Arverne’s 70 Million Euro ORANE Financing Boosts Geothermal Growth and Lithium Expansion

Arverne Finalizes 70 Million Euro ORANE Issue, a Milestone for France’s Geothermal Future Image: A thematic picture of Arvene welcoming a team at their Lithium De France Operations Arverne’s successful completion of its 70 million euro ORANE financing marks more than a capital raise, it signals momentum for one of France’s most ambitious geothermal platforms. Backed by GEOGREEN , Bpifrance ,  ADEME Investissement   Crédit Mutuel Equity , and Eiffel Investment Group , the transaction reinforces confidence in Arverne’s integrated geothermal and geothermal lithium strategy, while giving the company fresh resources to accelerate its Dual Flow plan . A financing round with strategic weight The announcement, made on 24 July 2026, confirms that the ORANE issue was fully subscribed for a total of 70 million euros . For Arverne, this is not just a funding event, it is a validation of a business model built around the full geothermal value chain, from subsurface expertise and drilling...

85 Degrees Renewable Secures €200M Project Finance Framework to Expand Dutch Geothermal Heat Infrastructure

85 Degrees Renewable Secures €200M Project Finance Framework to Accelerate Dutch Geothermal Heat Infrastructure 85 Degrees Renewable has taken a major step in the financing of geothermal energy with a new project finance framework of up to €200 million backed by ING and Rabobank. The facility is designed to support the company’s next phase of development in the Netherlands, including the expansion of its Central Oostland geothermal heat network and the broader growth of its renewable heat infrastructure platform. The announcement is especially significant because it shows that geothermal heat is increasingly being treated as a mature infrastructure asset rather than an early-stage experimental technology. The deal also highlights how geothermal energy is becoming more central to the Dutch energy transition. In a country where greenhouse horticulture is a major economic sector and heat demand remains heavily dependent on natural gas, renewable heat solutions are gaining strategic import...

Who Finances Next-Generation Geothermal Projects? Key Investors and Funding Trends

Who Is Financing the Next Generation of Geothermal Projects? Image : A thematic image of a geothermal power plant  The next generation of geothermal projects is being financed by a wide mix of venture capital firms, strategic corporate investors, commercial banks, institutional funds, and project finance lenders. The financing landscape is changing quickly because geothermal is moving from a niche clean-energy option into a serious infrastructure asset class with the potential to deliver reliable, 24/7 power at scale. Why geothermal finance is changing For years, geothermal struggled to attract large pools of capital because many projects were seen as technically risky, geographically limited, and difficult to scale. That perception is shifting as advanced geothermal technologies, especially enhanced geothermal systems, expand the number of places where geothermal can work. Investors now see a larger addressable market, stronger power demand, and better alignment with the needs of...

Geothermal EPC Companies: How Developers Choose the Right Contractor for Projects

Geothermal EPC Companies: How Developers Choose a Contractor Image: A Thematic image of a geothermal power plant  Geothermal developers choose EPC contractors by combining technical geothermal experience, financial strength, execution credibility, and the ability to manage field-specific risk. In recent awards, the strongest bidders have been those with proven geothermal references, repeat-delivery history, and the ability to package engineering, procurement, construction, and commissioning into one bankable offer . Why geothermal EPC is different Geothermal EPC is more complex than standard power plant construction because the contractor must build around a live underground resource. That means the project team has to deal with reservoir uncertainty, steam chemistry, scaling, corrosion, reinjection behavior, plant-field interfaces, and grid interconnection all at once . For developers, this turns EPC selection into a risk-management decision. The contractor is not just a builder; ...

Furusato Neden and HEXA Energy Services Boost Japan Geothermal Investment Opportunities

Furusato Neden and HEXA Energy Services Sign Strategic Agreement to Accelerate Geothermal Investment in Japan Image: The deal is done Japan’s geothermal sector has taken an important step forward following the announcement that Furusato Neden Co., Ltd. and HEXA Energy Services GK have signed a Memorandum of Understanding to explore geothermal investment opportunities. The agreement, announced on 30 July 2026, signals growing confidence in geothermal energy as a long-term solution for Japan’s clean energy transition. The collaboration is especially significant because it brings together two complementary strengths. Furusato Neden contributes geothermal development and operational experience, while HEXA Energy Services adds expertise in renewable energy finance, project development, power purchase agreements, asset management, and electricity aggregation. Together, the two companies are positioning themselves to evaluate existing and future geothermal opportunities in Kumamoto Prefectu...

Geothermal Well Cost 2026: Country Benchmarks, Drilling Costs per Meter, Depth & Reservoir Risk, and Investment Insights

Geothermal Well Cost by Country (2026): Drivers, Benchmarks, and Investment Implications image: a thematic image of a geothermal field Geothermal drilling remains one of the most capital‑intensive steps in developing clean, dispatchable energy. In 2026 the headline fact is familiar: drilling costs vary sharply between countries and projects. But the deeper story is about why those costs vary, which factors are controllable, and how investors, developers, and policymakers should interpret country‑level benchmarks. This article explains the technical and commercial drivers behind geothermal well expense, surveys the cost landscape across major geothermal markets in 2026, illustrates the dynamics with project examples and recent performance data, and offers practical recommendations for modeling, financing, and policy design. Why geothermal wells are expensive Drilling a geothermal well is not simply “digging a hole.” It is a technically complex, multi‑phase process that combines explorat...

Best US States for Geothermal Investment in 2026: Top Markets, Growth Opportunities, and Investor Insights

Best US States for Geothermal Investment The best US states for geothermal investment are California, Nevada, Utah, New Mexico, and Texas, with Oregon, Idaho, Alaska, and Arizona also offering attractive upside depending on whether you want operating assets, early-stage development, or next-generation geothermal exposure. Geothermal is becoming a broader investment story than it was a few years ago. Stronger drilling methods, rising demand for firm clean power, and more state-level policy support are widening the field beyond the traditional western hot spots. Introduction For investors , geothermal is one of the few clean energy technologies that can deliver round-the-clock power with a relatively small land footprint. That reliability is a big advantage in a market where utilities, data centers, and industrial customers increasingly want clean electricity that behaves more like conventional baseload generation. The challenge is that geothermal is highly location-dependent. The qualit...

Dominica Geothermal Milestone: Ormat’s Plant Boosts Caribbean Clean Energy Transition

Dominica’s Geothermal Breakthrough: What Ormat’s First Power Plant Means for the Caribbean and the Global Energy Transition Dominica has taken a major step forward in clean energy with the commercial operation of its first geothermal power plant, developed by Ormat Technologies . This milestone is more than a national achievement; it is a strong signal that geothermal energy can play a much larger role in the Caribbean’s future electricity mix. For an island region long dependent on imported diesel and exposed to fuel price volatility, the shift matters. Dominica’s new geothermal plant offers a cleaner, more stable, and locally produced source of power, and it could become a model for other volcanic islands seeking energy independence. A historic moment for Dominica Dominica sits in the Lesser Antilles volcanic arc, a region with substantial geothermal potential beneath its mountains and rugged terrain. For years, experts have known the island has the geological conditions needed for ...