Geothermal Articles & Analysis

Constellation and Calpine Corp. this week announced they have entered into a definitive agreement under which Constellation will acquire Calpine in a cash and stock transaction valued at an equity purchase price of approximately $16.4 billion, composed of 50 million shares of Constellation stock and $4.5 billion in cash plus the assumption of approximately $12.7 billion of Calpine net debt. After ...

By Smart Grid Observer

The European Geothermal Energy Council (EGEC) is delighted with the Hungarian Presidency for initiating the proposal and to all Member States for adopting today the Council conclusions. These conclusions include clear actions to accelerate the deployment of geothermal energy in Europe. This recognition underscores the pivotal role of geothermal energy in driving Europe’s transition to a ...

By European Geothermal Energy Council (EGEC)

Geotherm-FORMA has released a report on the recent market developments in geothermal technologies and the outlook for the market in 2030. In the executive summary of this report, Geothermal-FORMA states that due to the war in Ukraine and the high level of inflation in the European economy (leading to higher interest rater and lower building construction and renovation rates), the energy ...

By Smart Grid Observer

The GeoSmart project, a groundbreaking initiative funded by the European Union’s Horizon 2020 research and innovation programme, officially concludes today. This marks a significant achievement in the transition towards sustainable energy systems in Europe. The project has successfully developed technologies, such as the GeoSmart flexible power plants, to become highly adaptable energy ...

By European Geothermal Energy Council (EGEC)

The clean energy future for California is still attainable, despite infrastructure challenges, extreme weather impacts and technological and policy gaps. To achieve this, we must act now. This week at Climate Week NYC, Edison International released Reaching Net Zero, a forward-looking analysis that reinforces the urgent need for multisector collaboration, enhanced efficiencies and significant ...

By Smart Grid Observer

As electric vehicles continue to rise in popularity, the need for expanded fast charging also continues to grow. According to the Department of Transportation, consumers are concerned about the length of time it takes to charge an EV, the user-friendliness of chargers, the need to plan charging stops on long trips, and the relative convenience and safety of charging locations. Reduced battery ...

By Nuvera Fuel Cells, LLC

Con Edison Chairman and CEO Tim Cawley addressed the company's shareholders this week, outlining plans to support New York's transition to clean energy and execute on investments that will enable the company to grow its business."Never have the effects of climate change been more evident," Cawley said in a virtual presentation. "And never has the need for solutions been more urgent. To meet this ...

By Smart Grid Observer

The European Committee of the Regions’ plenary adopted its Opinion entitled “On the role of geothermal in localising energy production”, led by József Ribányi from the European Conservatives & Reformist Group (ECR), with nearly total support. This reiterates that geothermal is the technology of choice for municipalities all over Europe. This is because it is ...

By European Geothermal Energy Council (EGEC)

At EGEC, we continue celebrating the innovation and excellence of the Ruggero Bertani European Geothermal Innovation Award (EGIA) 2024 awardee, Vulcan Energie Ressourcen GmbH, along with the four finalists. The video titled “The Ruggero Bertani European Geothermal Innovation Award 2024: Inspiring Geothermal Innovations” showcases the journey of the winner and finalists, providing ...

By European Geothermal Energy Council (EGEC)

Quaise Energy, the company unlocking terawatt-scale geothermal, announced today the closing of a $21 Million Series A1 financing round led by Prelude Ventures and Safar Partners. Mitsubishi Corporation and Standard Investments are among several new investors participating in the round. This latest funding will enhance the company’s field operations and strengthen its supply chain position, ...

By Quaise Energy

CAMBRIDGE, Mass. — Quaise Energy, the company unlocking terawatt-scale geothermal, announced today the closing of a $21 Million Series A1 financing round led by Prelude Ventures and Safar Partners. Mitsubishi Corporation and Standard Investments are among several new investors participating in the round. This latest funding will enhance the company’s field operations and strengthen ...

By Quaise Energy

EGEC is thrilled to announce Vulcan Energie Ressourcen GmbH as the recipient of the prestigious Ruggero Bertani European Geothermal Innovation Award 2024. The award recognises Vulcan Energie Ressourcen GmbH’s innovative project, the Lithium Extraction Optimization Plant (LEOP) from geothermal, designed to revolutionise the production of sustainable lithium in ...

By European Geothermal Energy Council (EGEC)

In support of President Biden's Investing in America agenda, the U.S. Department of Energy this week (Feb 13) announced the selection of three projects that will receive up to $60 million to demonstrate the efficacy and scalability of enhanced geothermal systems (EGS). Funded by the landmark Bipartisan Infrastructure Law, the pilot projects will use innovative technology and a variety of ...

By Smart Grid Observer

EGEC is thrilled to announce its membership has surpassed the remarkable number of more than 200 esteemed members, with 30 new members joined EGEC in 2023. This is a significant milestone in EGEC’s mission towards establishing geothermal as a unique energy source in Europe and beyond. This achievement reflects the growing recognition and support for geothermal energy as a sustainable, ...

By European Geothermal Energy Council (EGEC)

EGEC is thrilled to announce the five endorsed nominations for the Ruggero Bertani European Geothermal Innovation Award 2024. The winner will be announced at GeoTHERM expo & congress, taking place between 29 February and 1 March 2024 in Offenburg, Germany. The distinguished finalists, listed in alphabetical order by company, are: Canopus Drilling Solutions Geothermal BV (Netherlands), with ...

By European Geothermal Energy Council (EGEC)

KS Orka Renewables Pty Ltd (KS Orka), via subsidiary PT Sorik Marapi Geothermal Power (PT SMGP), has announced the start of commercial operations of the 50-MW Sorik Marapi Unit 4 geothermal power plant in North Sumatra, Indonesia. With the acceptance of the Unit Rated Capacity Test for Sorik Marapi Unit 4, it officially commenced commercial operation on December 16, 2023 and is now ready to ...

By ThinkGeoEnergy Ltd.

PT Geo Dipa Energi (Persero) and Kopjasa Ahli Teknosa (KKT) have signed a Memorandum of Understanding for a collaboration to develop ta geothermal project in the North Patuha area in Bandung Regency, Java, Indonesia. The MOU was signed by Ilen Kardani, Geo Dipa’s Director of Exploration and Commercial Development, and Hermawati Parinduri, Director of KKT, at the KKT Office in Jakarta. ...

By ThinkGeoEnergy Ltd.

Exergy International (Exergy) has signed a contract for the supply of an 8-MW geothermal binary power plant to Emirler Enerji Elektrik Uretim A.S. for the Emirler 1 Unit 2 geothermal power plant in Saraykoy in the Denizli region of Türkiye. “We are honored to include Emirler Enerji among our partners, with whom we want to create long-term synergies and provide services that can ...

By ThinkGeoEnergy Ltd.

The city utility of Munich, Germany, Stadtwerke München (SWM), has announced a new research project that aims to use AI to optimize the operations of geothermal district heating networks. The project, called “EnEff_Netzregulation” is funded by the Federal Ministry of Economic Affairs and Climate Protection and will be carried out with project partners Institute for Automation ...

By ThinkGeoEnergy Ltd.

The province of North Brabant in the Netherlands has signed the “Geothermal acceleration action plan” / “Actieplan versnelling Geothermie” which outlines the challenges for geothermal development in the province and designates a list of actions to address these challenges. Co-signing the action plan are the municipalities of Helmond, Tilburg, Breda, Eindhoven, ...

By ThinkGeoEnergy Ltd.