The geothermal energy market is on an impressive growth trajectory, with projections indicating it will surpass USD 125.9 billion by 2032. This surge is driven by increasing global demand for sustainable and renewable energy sources. As countries worldwide strive to reduce their carbon footprints and transition to greener energy solutions, geothermal energy stands out as […]
In a major move to enhance energy resilience and meet federal renewable energy targets, the Department of Defense (DOD) is turning to geothermal energy for military installations across the United States. The Army’s initiative in Alaska is part of a broader strategy to harness geothermal power to support federal energy mandates, requiring DOD installations to […]
Researchers at the University of Texas at Austin have identified a new potential site for geothermal energy production. After nine months of research supported by funding from the Presidio Municipal Development District, Ken Wisian – associate director of the Bureau of Economic Geology at UT Austin – and his research team have finished their preliminary […]
By James Osborne WASHINGTON — Oil companies have been drilling holes in the ground for close to a century, burrowing through miles of rock to access an energy source deep underground. So, with a new wave of geothermal startups feet beneath the earth’s surface, where temperatures run over 300 degrees Fahrenheit, oil companies would seem a […]
Recent $74m investment made alongside assessment that 10% of electricity could be generated by geothermal by 2050. A limitless supply of heat exists beneath our feet within the Earth’s crust, but harnessing it at scale has proved challenging. Now, a combination of new techniques, government support and the pressing need to secure continuous clean power […]
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 […]
Sage Geosystems plans to build a three megawatt geothermal energy storage facility dubbed EarthStore in Texas. A Houston-based startup plans to build what it called a “first of its kind” geothermal energy storage project in Texas. Sage Geosystems plans to build a three-megawatt geothermal facility dubbed EarthStore, the company announced last week. The project would […]
