Alphaxioms Geothermal News and Related Research Globally

Unleashing the Power Beneath: The Second-Round EGS Pilot Demonstrations By:  Robert Buluma image: wells of power at Kenyan Geothermal Field gushing steam Geothermal energy is a game-changer in the quest for sustainable and reliable energy sources. The U.S. Department of Energy (DOE) is pushing the boundaries of this potential through its Geothermal Technologies Office (GTO). With the second round of funding opportunities for Enhanced Geothermal Systems (EGS) pilot demonstrations, authorized under President Biden's Bipartisan Infrastructure Law, the future of geothermal energy looks brighter than ever. This initiative aims to catapult EGS into the mainstream, contributing significantly to the goal of a carbon pollution-free electricity system by 2035.  What Are Enhanced Geothermal Systems (EGS)? Enhanced Geothermal Systems (EGS) represent a cutting-edge approach to geothermal energy. Unlike traditional geothermal systems that rely on naturally occurring hydrothermal resources, EGS c

SLB and Ormat Join Forces to Revolutionize Geothermal Energy By: Robert Buluma In an exciting leap toward a sustainable future, SLB has announced a strategic collaboration with Ormat Technologies, Inc., a leading renewable energy company, to develop and deliver cutting-edge geothermal projects. This partnership aims to revolutionize the geothermal energy landscape by reducing project risks, enhancing economics, and ensuring long-term performance and reliability. A Comprehensive Suite of Solutions The collaboration will offer developers an integrated suite of solutions that cover every phase of geothermal projects. From initial exploration and resource assessment to power plant commissioning and operation, SLB and Ormat are committed to providing a seamless and comprehensive approach. Next-Generation Geothermal Solutions Together, SLB and Ormat will offer both traditional geothermal solutions and next-generation technologies like enhanced geothermal systems (EGS) and advanced geothermal

Fervo Energy Secures Landmark 320 MW Power Purchase Agreements with Southern California Edison By: Robert Buluma In a move that underscores the growing demand for sustainable energy solutions, Fervo Energy, a pioneer in next-generation geothermal technology, has announced two monumental power purchase agreements (PPAs) with Southern California Edison (SCE). Totalling 320 MW, these agreements represent the world's largest geothermal PPAs to date, cementing geothermal energy's critical role in the transition to a cleaner energy future. A Milestone in Clean Energy Set against the backdrop of California's ambitious clean energy goals, the 15-year agreements will see SCE purchasing 24/7 carbon-free geothermal energy from Fervo's Cape Station project in southwest Utah. This power will serve approximately 350,000 homes across Southern California, bolstering the state's grid reliability with a steady supply of renewable energy. David Hochschild, Chair of the California Ener

Unleashing the Power of Earth:  Turboden and  Fervo Energy Partner to Revolutionize Geothermal Energy By: Robert Buluma In the heart of the rugged landscapes of southwest Utah, a groundbreaking collaboration is underway to harness the Earth's natural heat and propel the world towards a greener, more sustainable future. Turboden , a trailblazer in Organic Rankine Cycle (ORC) systems, has joined forces with Fervo Energy , a pioneer in enhanced geothermal systems (EGS), to embark on an ambitious journey towards redefining geothermal energy production. The Cape Station project stands as a testament to this alliance, marking Fervo Energy largest commercial endeavor in the geothermal energy sector to date. Positioned to become a beacon of innovation, Cape Station aims to revolutionize the way we harness energy from beneath the Earth's surface, with an anticipated total project capacity of approximately 400 MW. This endeavor not only symbolizes a transformative leap towards carbon-f

Unleashing the Power: Next Generation Geothermal Energy Ventures By: Robert Buluma In the ever-evolving landscape of renewable energy, one path is gaining significant traction for its promise of clean, reliable, and economically viable power generation: next-generation geothermal energy ventures. These ventures represent not just a step, but a leap towards a future where sustainable energy sources dominate the market, and the status quo of traditional geothermal power is challenged. Let's embark on a journey through the pathways to commercial lift-off of these groundbreaking ventures and explore how they are reshaping the energy sector. Clean, Flexible, and Firm: Unlike some renewable sources, such as solar and wind, which are intermittent and weather-dependent, next-generation geothermal power offers consistent and reliable energy production. With minimal environmental footprint and no fuel costs, it stands out as a clean energy solution capable of meeting base-load power demands

Biden Administration Invests $60M in Geothermal Energy Projects In a significant move towards combating climate change and promoting renewable energy, the Biden administration has allocated $60 million towards three geothermal energy pilot projects. Geothermal energy harnesses the heat from the Earth's core, providing a carbon-free source of power that doesn't emit greenhouse gases. This investment aims to demonstrate the viability of utilizing geothermal energy on a larger scale, paving the way for cleaner and more sustainable energy solutions. Details of the Projects: The three projects selected to receive federal funding are diverse in location and scope. The Chevron New Energies project in California, the Fervo Energy project in Utah, and the Mazama Energy project in Oregon will each play a crucial role in showcasing the effectiveness of geothermal energy from man-made reservoirs. These initiatives are not only aimed at generating electricity but also at providing heat for

From Barrels To Steam, How Oil and Gas ⛽ Companies are Craving for More Steam In a bold move towards sustainability and diversification, several major oil and gas companies are shifting their focus towards geothermal energy. This strategic shift signifies not only a response to the growing demand for clean energy but also a recognition of the potential of geothermal resources as a reliable and renewable energy source. Let's delve into the recent developments and initiatives taken by key players in the oil and gas industry towards embracing geothermal energy: ExxonMobil's Exploration into Enhanced Geothermal Systems (EGS) ExxonMobil's Chairman and CEO, Darrel Woods, recently hinted at the company's interest in Enhanced Geothermal Systems (EGS). This technology involves drilling deep into the earth's crust to access heat reservoirs and utilizing hydraulic fracturing techniques to enhance heat extraction. By leveraging their expertise in drilling and reservoir engineer

"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