Geothermal startup Mazama Energy raised $135 million in an oversubscribed Series B, the startup said Thursday. The fresh funding will help the company develop horizontal wells in superhot rocks capable of generating 15 megawatts of electricity per well. Mazama plans to start generating electricity sometime next year and said its first site in Oregon is capable of producing 10 gigawatts of electricity. That’s a sharp upward revision from the company’s estimate last year, when investor Vinod Khosla said the site had the potential to produce 5 gigawatts. Enhanced geothermal startups are shaping up to be the dark horse in the battle to power AI data centers and other large loads on the grid. While tech companies and data center developers have been throwing their weight behind natural gas, geothermal startups have been quickly advancing their technology. Unlike previous geothermal projects, enhanced geothermal startups are targeting deeper and hotter rock. Mazama, for example, has drilled ...
Warmeverband To Start Geothermal Power Plant Construction Upon a Succeful Geological Survey Come 2025
Harnessing Earth's Energy: Riehen's Groundbreaking Geothermal Endeavor
In the heart of Riehen, Switzerland, a quiet revolution is underway, one that promises to reshape the community's energy landscape for decades to come. For the past 30 years, Riehen has been tapping into the Earth's natural warmth to power its heating systems, pioneering the use of geothermal energy in the region. Now, with a newfound zeal for sustainable energy solutions, the town is embarking on an ambitious journey towards expanding its geothermal infrastructure.
The latest chapter in Riehen's geothermal saga unfolds with the revelation of a prospective site for a second geothermal facility. The announcement, made by the Riehen District Heating Company (Wärmeverbund Riehen AG), marks a significant milestone in the town's quest for energy independence. After meticulous assessments and geological surveys, a parcel of land in the Grendelmatten area emerged as the prime location for the new facility.
Projected to commence construction as early as 2025, the proposed facility signifies not only a technological advancement but also a testament to Riehen's unwavering commitment to sustainability. With the capacity to serve an additional 4000 residents, the expansion holds the promise of reducing carbon emissions and bolstering the town's resilience against fluctuating energy prices.
The journey towards this groundbreaking endeavor has been paved with dedication and innovation. Months of meticulous data analysis and underground exploration preceded the selection of the optimal site. Collaborative efforts between experts from various fields have ensured that every aspect, from regulatory compliance to geological integrity, has been meticulously scrutinized.
The significance of Riehen's geothermal expansion extends beyond its borders, serving as a beacon of inspiration for communities worldwide grappling with the challenges of energy transition. By harnessing the Earth's renewable resources, Riehen exemplifies the transformative potential of sustainable initiatives in combating climate change and fostering a greener future for generations to come.
As the wheels of progress continue to turn in Riehen, the town stands poised at the forefront of a paradigm shift in energy consumption. With each drill and excavation, it inches closer to realizing its vision of a cleaner, more resilient tomorrow. In the saga of Riehen's geothermal journey, the pages are turning towards a brighter, more sustainable chapter, where the forces of nature become allies in the quest for a better world.
This might concur in timeline with a similar power plant being put out by TGDC in Ngozi, Tanzania
Source:Badische Zeitung De
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