PRESIDIO — In a groundbreaking move that could reshape the energy landscape of Far West Texas, the Presidio Municipal Development District (PMDD) unanimously voted on December 4 to authorize a letter of intent in support of an ambitious deep-well geothermal project in partnership with Exceed Geo Energy, Inc. out of Austin. This deal comes just […]
In the world of renewables, geothermal electrical generation is a giant in infancy, ready to be tapped. According to the Department of Energy (DOE) the US is projected to generate 90 gigawatts (GW) of electricity from geothermal sources by 2050. Projections are that this could grow to 300 GW over time. (For perspective the US […]
Austin Energy will be partnering with Exceed Geo Energy for a 5-MW pilot geothermal power project in Austin, Texas with target operations by 2025. Austin Energy, the electric utility company of Austin, Texas, is partnering with Exceed Energy Inc. for a 5-MW first-of-its-kind geothermal pilot project near the Nacogdoches biomass facility. According to the company’s […]
Earlier this week, tech giant Meta—the parent company of Facebook and Instagram—unveiled plans to buy a lot of electricity from an innovative power plant to be built by geothermal energy start-up Sage Geosystems. The location of the new-fangled facility remains sketchy. Somewhere east of the Rockies was all the companies said. But there’s another, even […]
Sage Geosystems, a Houston-based geothermal energy startup, has been tapped to build a new facility to power data centers operated by Meta, which owns Facebook and Instagram, the companies announced Monday. While a specific location has not been identified, the project would be the first use of next-generation geothermal power east of the Rocky Mountains, […]
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 […]
