Texas has become an early hot spot for geothermal energy exploration as scores of former oil industry workers and executives are taking their knowledge to a new energy source. This is the second of a three-part series on emerging energy sources and Texas’ role in developing them. Part one, on hydrogen fuel, published on Monday; part […]
Advances in next-generation geothermal have policymakers and investors excited about the tech’s promise of “clean, firm” power — though many barriers remain. Earth’s interior contains an inexhaustible supply of heat, its many layers continuously warmed by the furnace-like core of our planet. For millennia, humans have tapped into this abundance for cooking food and keeping warm. […]
Sage Geosystems is set to change Texas’s energy landscape with its EarthStore system, marking a significant shift towards cost-effective renewable energy. Founded by ex-Shell experts, Sage Geosystems is on a mission to revolutionize Texas’s energy landscape through geothermal innovation. In February, the company announced a significant $17 million Series A funding round, earmarked for the […]
Oklahoma City’s Devon Energy has invested more funds into geothermal development, helping Houston’s geothermal company Fervo Energy raise $244 million in its latest funding round. The funds will finance the geothermal company’s next phase of growth as it puts to use oil and gas technology and techniques to scale geothermal energy. “Demand for around-the-clock clean […]
