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 […]
Innovative geothermal energy generation solutions, like those the Department of the Air Force is considering for Joint Base San Antonio and Mountain Home Air Force Base, Idaho, emit little to no carbon dioxide and can leverage an installation’s goals for clean energy production and increased resiliency.Bureau of Land Management Looking for ways to secure its energy […]
The Air Force is taking steps towards starting a geothermal plant at Joint Base San Antonio, Texas, as part of a larger effort to make the branch’s energy infrastructure more resilient and sustainable. If the effort is successful, it could pave the way for geothermal energy at other Air Force installations. “If we can prove […]
Injects US$10 million into startup Fervo Energy Bloomberg NewsMitchell FermanPublished Apr 18, 2023 Devon Energy Corp. is investing in a geothermal startup as the shale giant expands into renewable energy sources. Devon, a pioneer of the shale revolution that resuscitated U.S. oil and natural gas production, will inject US$10 million into Fervo Energy, the companies […]
The State of Texas is blessed with abundant natural energy resources … including geothermal heat. All of our energy resources require exploration before production, and equipment to harvest them which can present significant capital hurdles. That’s where TX-PACE (Texas Property Assessed Clean Energy) financing can help. In 2013 the Texas Legislature passed, and Governor Perry […]
Sage Geosystems says its earthen “battery” system, now undergoing pilot tests in Texas, could be used to store energy to help balance power grids. Just south of San Isidro, a tiny Texas town near the U.S.-Mexico border, an abandoned gas exploration well is once again being put to work. A 10-foot wellhead rises from a […]
BY SAUL ELBEIN – 03/06/23 6:00 AM ET AUSTIN, Texas — Real estate developer Douglas Gilliland believes the future of housing lies underground. Amid the unseasonal heat of late February — as neighborhoods across the state hummed with the sound of condenser units struggling to cool homes — the Whisper Valley community Gilliland is developing was all […]
by Danny Rehg and Sean Marshall Texas is well known as an energy and economic powerhouse. Given Texas’ global leadership in oil, natural gas, and renewable energy, it comes as no surprise that we are also pursuing the abundant geothermal energy resources within Texas. Using skills from over 100 years of drilling activity, Texas will […]
A report from researchers at five universities says Texas’ abundant resources of underground heat and its oil and gas history make it ideal for geothermal growth spurt that could rival the fracking boom. ENERGYWIRE | Texas has enough geothermal potential to decarbonize 100 percent of its grid and foster a new energy industry in the […]
