Alphaxioms Geothermal News and Related Research Globally

 Revolutionizing Lithium Production: Vulcan Energie Ressource GmbH Wins the Ruggero Bertani European Geothermal Innovation Award 2024 By  Robert Buluma Offenburg, March 1, 2024 – The European Geothermal Energy Council (EGEC) proudly announces Vulcan Energie Ressourcen GmbH as the recipient of the esteemed Ruggero Bertani European Geothermal Innovation Award 2024. This accolade celebrates Vulcan Energie Ressourcen GmbH's groundbreaking project, the Lithium Extraction Optimization Plant (LEOP), a revolutionary endeavor set to transform sustainable lithium production in Europe. Introducing LEOP: A Game-Changer in Lithium Extraction LEOP represents a pioneering initiative, heralding the inaugural production unit to extract lithium from geothermal sources in an eco-friendly manner. Operational since 2023, this innovative plant, situated in Europe, achieves an impressive Technology Readiness Level (TRL) of 7/8. With an annual output of 40 tons of green lithium hydroxide, LEOP has the cap

 Exploring the Future of Geothermal Energy: The Geothermal Collegiate Competition The Geothermal Collegiate Competition (GCC), an initiative by the U.S. Department of Energy's Geothermal Technologies Office (GTO), has been paving the way for innovative geothermal solutions while fostering the talents of students from collegiate institutions across the nation. This annual competition not only offers cash prizes but also provides invaluable industry experience, networking opportunities, and a chance to contribute to the clean energy transition. Empowering Students for a Sustainable Future The GCC serves as a platform for students from diverse academic backgrounds to engage with real-world challenges in the renewable energy sector. Whether majoring in engineering, economics, environmental science, or any other field, students are encouraged to participate and apply their skills to develop geothermal solutions. This hands-on experience not only enriches their academic journey but also

"Empowering Geothermal Innovation: $31M Funding Opportunity to Drive Sustainable Energy Solutions" The U.S. Department of Energy's Geothermal Technologies Office (GTO) has opened a remarkable funding opportunity, offering up to $31 million to support groundbreaking projects in the field of geothermal energy. This initiative, announced on January 30, 2024, aligns with the Biden-Harris Administration's commitment to achieving carbon pollution-free electricity by 2035 and a net-zero-emissions economy by 2050. Unleashing Potential with Two Dynamic Topic Areas Topic Area 1: Revolutionizing Downhole Tools The first topic area, with a generous funding of up to $23.1 million, targets projects that address downhole cement and casing evaluation tools. These tools play a pivotal role in high-temperature and hostile geothermal wellbores, essential for enhanced geothermal systems (EGS). Current off-the-shelf solutions cater to the oil and gas industry's upper temperature needs

  Announcing the Top 5 Most Innovative Geothermal Projects in 2024 The anticipation is building as the European Geothermal Energy Council (EGEC) reveals the finalists for the prestigious Ruggero Bertani European Geothermal Innovation Award 2024. These groundbreaking projects showcase the forefront of geothermal technology and will be vying for recognition at the GeoTHERM expo & congress, set to unfold between February 29 and March 1, 2024, in Offenburg, Germany. 1. Canopus Drilling Solutions Geothermal BV (Netherlands) Project: Field pilot of the Directional Steel Shot Drilling technology at VersuchsStollen Hagerbach, CH. Canopus Drilling Solutions introduces the Directional Steel Shot Drilling (DSSD) technology, proving its ability to drill three times faster than traditional methods. A successful field pilot at VersuchsStollen Hagerbach demonstrated the prowess of DSSD by steering through various rock types and depths, marking a significant leap in drilling efficiency. 2. Deutsch

 Eavor Emerges as Global Geothermal Powerhouse In a groundbreaking announcement, energystartups.org has crowned Eavor as the leading geothermal energy startup globally, marking an extraordinary achievement fueled by an impressive $365.3 million in cumulative funding. Eavor's ascent to the summit is attributed to substantial investments from influential entities such as Vickers Venture Partners, bp Ventures, Chubu Electric Power, BDC Capital, Chevron Technology Ventures, BHP Ventures, Helmerich & Payne, Precision Drilling, OMV, the Canada Growth Fund (CGF), and Microsoft. The year 2023 witnessed a surge in support, culminating in the successful launch of Eavor's maiden commercial project in Geretsried, Germany. Notably, a pivotal moment arrived in March when the European Innovation Fund (EIF) granted a substantial €91.6 million, solidifying Eavor's position in the clean energy landscape. Eavor-Europe™ achieved a momentous milestone with a €34 million investment from OMV,