Oil and Gas Companies Entering the Geothermal Energy Industry Oil and gas companies are becoming increasingly active in geothermal energy. Their involvement includes direct project development, investment in geothermal startups, drilling and well services, engineering, equipment manufacturing, subsurface studies, geothermal heating, and the conversion of abandoned or nonproductive oil and gas wells. At least 80 oil and gas companies have some form of participation in the geothermal sector. When major oil companies, national oil companies, oilfield-service providers, drilling contractors, engineering firms, geoscience companies, equipment manufacturers, investors, and technology startups are included, the number can reasonably exceed 100. This shift is one of the most important developments in the modern geothermal industry. Oil and gas companies already possess many of the skills required to develop geothermal resources, including geological interpretation, seismic imaging, reservoir m...
Exploring Geothermal Energy: Hawaii's Renewable Energy Frontier
By : Robert Buluma
In a bold move towards achieving its goal of 100% renewable energy by 2045, Hawaii is venturing into the realm of geothermal energy. With abundant sunshine and wind being intermittent resources, the state is now turning its attention to tapping into geothermal sources to bolster its energy portfolio.
The Hawaii State’s Energy Office, led by Chief Energy Officer Mark Glick, is spearheading this initiative. Glick emphasizes the importance of understanding the potential of geothermal energy, stating, "For me, it’s a real priority for this office to better understand how far we can go with geothermal."
To kickstart this endeavor, $5 million from COVID federal relief funds have been allocated for conducting slim hole drilling to explore geothermal reservoirs. The focus of this exploration will initially be on Maui, with promising signs indicating the presence of viable geothermal sources along the rift zone of the island.
Currently, the Puna Geothermal Venture stands as the sole commercial geothermal power plant in Hawaii. Despite facing challenges, including a temporary shutdown following the 2018 volcanic eruption, the plant has recently received approval to increase its energy output to 46 megawatts, a significant boost from its current capacity.
Mike Kaleikini, the Hawaii Affairs Director at Puna Geothermal Venture, explains that this increase in production will be facilitated by the replacement of older power-generating units with modern, more efficient ones. This upgrade aims to not only enhance energy output but also mitigate potential environmental impacts and improve community relations.
Acknowledging past concerns about environmental impact and safety, Kaleikini underscores the importance of proactive outreach and communication with the community. He assures that steps have been taken to address past issues and regain public trust.
Looking ahead, the focus remains on expanding Hawaii's geothermal energy capacity. The identification of potential drilling sites on Maui signifies a step forward in this journey. While specific locations have not yet been disclosed, the narrowing down of options indicates progress towards harnessing the untapped potential of geothermal energy in the state.
We also understand that Geothermal could be misunderstood but this article Compiles and in-depth introduction to this gem
As Hawaii continues its transition towards a sustainable energy future, the exploration of geothermal resources represents a crucial milestone. By diversifying its renewable energy sources, the state not only moves closer to its ambitious renewable energy goals but also sets an example for others to follow in the global fight against climate change.
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