Vulcan Energy VUL.AX has signed a deal with Germany’s fifth biggest utility firm MVV Energy MVVGn.DE for at least 240 gigawatt hours per year of geothermal energy starting in 2025, the company said on Tuesday.
The U.S. relies on lithium imports, and concerns about the global supply chain’s security are rising. Geothermal power plants could potentially fill and exceed that demand.
Aberdeen-based ClearWELL, a company that develops scale control technologies, has rebranded from ClearWELL Oilfield Solutions to ClearWELL Energy. The rebranding represents the company’s entry into the geothermal market as a response to the growing cross-sector demand for their unique, chemical-free, electromagnetic scale control technology.
Razor Energy Corp. in conjunction with FutEra Power Corp. a wholly owned subsidiary of Razor, is pleased to announce it is entering a definitive agreement and closed senior debt financing of its Co-produced Geothermal Power Project in Swan Hills, Alberta.
Greece on Tuesday specified the terms for awarding exploration licences for its geothermal potential, a first step towards tapping a domestic resource to cut energy costs and achieve zero net greenhouse emissions by 2050, the energy ministry said.
As reported locally, Grünwald Equity Geothermie GmbH (GET) was sold to British investment group Equitix this week, as reported by TiefeGeothermie. It was agreed not to disclose the purchase price.
The World Bank’s Board of Directors has approved two loans worth $300 million for the Geothermal Development Project in Turkey, to support the development of renewable energy by tapping heat sources deep in the ground. The loans are Additional Financing to two initial loans worth $250 million.
Batteries made with zero-emission lithium from geothermal plants in Germany could power one million vehicles per year by the mid-2020s, according to Vulcan Energy.
AltaRock Energy, an enhanced geothermal systems firm, is showcasing results of a technical and economic feasibility study, which the company says paves the way for the development of the first SuperHot Rock geothermal resource in the U.S.