Tag

Geothermal

All articles tagged with #geothermal

politics6 months ago•2 min saved

GOP Bill Reshapes U.S. Energy Policy, Favoring Fossil Fuels Over Renewables

The final GOP reconciliation bill, expected to be signed by President Trump, significantly reduces incentives for solar, wind, and clean hydrogen projects, while preserving some benefits for nuclear and geothermal energy through 2033. The bill introduces stricter project timelines and new rules for foreign entities, potentially impacting climate tech startups and the data center sector, with hydrogen credits ending earlier than planned.

via TechCrunch|

#climate-policy #geothermal #gop

energy7 months ago•6 min saved

Meta Expands Green Energy Initiatives with Major Geothermal Projects and AI Investment

The US is recognizing geothermal energy as a significant resource, with New Mexico alone holding an estimated 163 gigawatts of potential, and recent policy moves aim to expand its development, supported by technological advances and interest from data centers and the Department of Defense.

via CleanTechnica|

#energy #geothermal #new-mexico

energy7 months ago•2 min saved

Fervo Energy Secures $206M for Major Geothermal Projects

Fervo Energy secured $206 million in funding to develop what will be the world's largest enhanced geothermal power plant in Utah, with initial operations expected in 2024 and expansion in 2028, leveraging advanced drilling technology and significant investment from notable backers like Breakthrough Energy Catalyst.

via TechCrunch|

#energy #fervo-energy #financing

energy7 months ago•3 min saved

Fervo Energy Advances Geothermal Innovation with New Funding and High-Temperature Drilling

Fervo Energy successfully drilled a deep, hot geothermal well reaching 15,765 feet and 520°F in just 16 days, setting new performance records and demonstrating the scalability of enhanced geothermal systems (EGS). The results support the potential for large-scale, deep geothermal energy deployment beyond the western US, with independent verification indicating significant thermal energy reserves and capacity for over 5 GW of development. This advancement positions geothermal as a key contributor to the US's clean energy future amid rising power demands.

via Business Wire|

#drilling #egs #energy

technology2 years ago•1 min saved

Harnessing Geothermal Energy for Sustainable Air Conditioning and Cost Savings

An apartment building in Brooklyn, NY is utilizing geothermal energy by drilling nearly 500 feet below ground to provide air conditioning, taking advantage of the Earth's cooler temperatures. Once completed, it will be one of the largest geothermal residential buildings in the US.

via CNN|

#air-conditioning #apartment-building #brooklyn