Geothermal energy

DeepPower CEO Andrew Van Noy Discusses Energy Independence and Community Owned Power Generation with Mayor of Burbank, CA

Retrieved on: 
Wednesday, November 1, 2023

LEHI, Utah, Nov. 01, 2023 (GLOBE NEWSWIRE) -- DeepPower, Inc., the developer of a breakthrough geothermal drilling technology to access the Earth’s unlimited source of clean energy, today announced that in a recent Company podcast CEO Andrew Van Noy spoke with Konstantine Anthony, Mayor of Burbank, California.

Key Points: 
  • LEHI, Utah, Nov. 01, 2023 (GLOBE NEWSWIRE) -- DeepPower, Inc., the developer of a breakthrough geothermal drilling technology to access the Earth’s unlimited source of clean energy, today announced that in a recent Company podcast CEO Andrew Van Noy spoke with Konstantine Anthony, Mayor of Burbank, California.
  • In 2020, Mayor Anthony finished his race with a record-breaking vote count and became the first openly autistic elected official west of the Mississippi River.
  • During the conversation, Mayor Anthony discussed the benefits of having a community-owned power plant, such as the Burbank Magnolia Power Project, and how that allows the City Council and not corporations, to determine rates on behalf of its citizens.
  • This podcast can be viewed at: https://deeppower.com/single-video.php?id=0FngluihQ68
    To learn more about DeepPower, please visit https://deeppower.com/index.php

Subterra Renewables expands into Western Canada and U.S. following affiliate acquisition of Alberta's Earth Drilling Co. to meet North American geothermal demands

Retrieved on: 
Friday, October 27, 2023

As one of the west coast's leading drilling suppliers, the transaction includes the acquisition of Nevada-based Harris Exploration ("Harris") - a trusted source for drilling and installation services in Nevada, California, and Arizona.

Key Points: 
  • As one of the west coast's leading drilling suppliers, the transaction includes the acquisition of Nevada-based Harris Exploration ("Harris") - a trusted source for drilling and installation services in Nevada, California, and Arizona.
  • Earth Drilling and Harris are now part of Subterra's group of companies that provides coast-to-coast access to geothermal drilling for geo-exchange system installations.
  • Earth Drilling brings close to 50 years of experience in geotechnical and environmental drilling, and Harris Exploration brings over 67 years of industry leadership.
  • The Company rigs are easily transported to work sites in the Canada and the U.S. from their east and west coast bases.

Chromalox, Premier Provider of Electric Thermal Solutions, Announces Major Expansion to Ogden, Utah, Manufacturing Facility

Retrieved on: 
Wednesday, October 25, 2023

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20231025485273/en/
    2024 initiatives will bring new technology, increased sustainability, and additional capacity to the Weber County facility established in 1976.
  • (Photo: Business Wire)
    Chromalox is part of the Electric Thermal Solutions (ETS) Business of Spirax-Sarco Engineering plc, a leading global thermal energy and fluid technology solutions group.
  • The Ogden facility supports Chromalox’s mission of providing customers with highly efficient, modular and scalable electric heating solutions for decarbonization of process heating, steam generation and temperature control systems.
  • Chromalox anticipates completion of the new facility by the end of 2024 and will be providing updated news as the project progresses.

Global Pool Heat Pump Market Poised for Strong Growth at a 5.25% CAGR, Expected to Reach $2.86 Billion by 2028 - ResearchAndMarkets.com

Retrieved on: 
Friday, October 20, 2023

The "Global Pool Heat Pump Market - Outlook & Forecast 2023-2028" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Global Pool Heat Pump Market - Outlook & Forecast 2023-2028" report has been added to ResearchAndMarkets.com's offering.
  • The global pool heat pump market is on an upward trajectory, projected to grow at a steady CAGR of 5.25% from 2022 to 2028.
  • The market is expected to reach a substantial value of $2.86 billion by 2028, up from $2.1 billion in 2022.
  • Preference for Smart Pool Heat Pumps: The integration of IoT technology is driving the adoption of smart pool heat pumps.

DeepPower CEO Andrew Van Noy Discusses Geothermal Growth with the CEO of the International Geothermal Association

Retrieved on: 
Wednesday, October 11, 2023

During the conversation, Dr. Brommer reported that when she was appointed CEO of the IGA 6 years ago, geothermal was a “nice” and interesting technology that had small-scale impact without a “global voice”.

Key Points: 
  • During the conversation, Dr. Brommer reported that when she was appointed CEO of the IGA 6 years ago, geothermal was a “nice” and interesting technology that had small-scale impact without a “global voice”.
  • Fast forward 5 years, the industry has changed drastically and with the global directives to become carbon neutral, the industry has seen great technological progress.
  • The IGA connects the Global Geothermal Community, serving as a hub for networking opportunities aimed at promoting and supporting global geothermal development.
  • This podcast can be viewed at: https://deeppower.com/single-video.php?id=K3MDKXXujNw
    To learn more about DeepPower, please visit https://deeppower.com/index.php

EQS-News: Daldrup & Söhne AG increases EBIT by 15.3 % in H1

Retrieved on: 
Tuesday, October 17, 2023

Despite the generally weak economic environment, the first half of 2023 was characterised by a positive operative development in all business areas for Daldrup & Söhne AG.

Key Points: 
  • Despite the generally weak economic environment, the first half of 2023 was characterised by a positive operative development in all business areas for Daldrup & Söhne AG.
  • To date, Daldrup & Söhne AG has invested around 0.5 million euros in its core business to increase efficiency.
  • Andreas Tönies, CEO of Daldrup & Söhne AG, comments on the half-year result: "The demand for drilling services for geothermal projects is increasing significantly.
  • This puts the drilling services of Daldrup & Söhne AG in a key position in the heat turnaround.

Alexandria Real Estate Equities, Inc. Awarded GRESB 4 Star Ratings and Seventh Consecutive Green Star Designation in the 2023 GRESB Real Estate Assessment, Reinforcing Its Sustained ESG Leadership and Performance

Retrieved on: 
Monday, October 9, 2023

PASADENA, Calif., Oct. 9, 2023 /PRNewswire/ -- Alexandria Real Estate Equities, Inc. (NYSE: ARE), the first, preeminent, longest-tenured and pioneering owner, operator and developer of collaborative life science, agtech and advanced technology mega campuses in AAA innovation cluster locations, today announced that it has earned 4 Star Ratings in the operating asset and development benchmarks of the 2023 GRESB Real Estate Assessment. The company also achieved its seventh consecutive Green Star designation. Additionally, Alexandria was awarded its sixth consecutive "A" disclosure score with a perfect score of 100 and a #1 ranking for its best-in-class transparency around ESG practices and reporting. GRESB is one of the leading global ESG benchmarks for real estate and infrastructure investments.

Key Points: 
  • The company also achieved its seventh consecutive Green Star designation.
  • Additionally, Alexandria was awarded its sixth consecutive "A" disclosure score with a perfect score of 100 and a #1 ranking for its best-in-class transparency around ESG practices and reporting.
  • GRESB is one of the leading global ESG benchmarks for real estate and infrastructure investments.
  • To learn more about Alexandria's industry-leading ESG program, see its 2022 ESG Report , which is available on the ESG page of the company's website.

Getech Confirms Geothermal Potential for Angus Energy demonstrating significant potential in a UK development

Retrieved on: 
Wednesday, October 4, 2023

LONDON, Oct. 4, 2023 /PRNewswire-PRWeb/ -- Getech, a world-leading locator of subsurface resources, has completed a geothermal study for Angus Energy, demonstrating significant potential in a UK development.

Key Points: 
  • Getech, a world-leading locator of subsurface resources, has completed a geothermal study for Angus Energy, demonstrating significant potential in a UK development.
  • LONDON, Oct. 4, 2023 /PRNewswire-PRWeb/ -- Getech, a world-leading locator of subsurface resources, has completed a geothermal study for Angus Energy, demonstrating significant potential in a UK development.
  • Angus Energy is committed to leveraging its oil & gas drilling and engineering expertise to develop geothermal energy projects.
  • Geothermal energy is a low-carbon, pervasive and reliable energy source with vast potential in the UK.

MIT Technology Review releases inaugural list of "15 Climate Tech Companies to Watch"

Retrieved on: 
Wednesday, October 4, 2023

CAMBRIDGE, Mass., Oct. 4, 2023 /PRNewswire/ -- MIT Technology Review announces 15 Climate Tech Companies to Watch, a new annual list highlighting start-ups and established businesses that have the greatest potential to substantially reduce greenhouse-gas emissions or otherwise address the threats of global warming. The list is now available at TechnologyReview.com and was revealed live in a session led by MIT Technology Review's editor-in-chief, Mat Honan, and Casey Crownhart, climate reporter at the ClimateTech conference.

Key Points: 
  • MIT Technology Review reveals the list live at its annual sustainability conference, ClimateTech
    CAMBRIDGE, Mass., Oct. 4, 2023 /PRNewswire/ -- MIT Technology Review announces 15 Climate Tech Companies to Watch, a new annual list highlighting start-ups and established businesses that have the greatest potential to substantially reduce greenhouse-gas emissions or otherwise address the threats of global warming.
  • The list is now available at TechnologyReview.com and was revealed live in a session led by MIT Technology Review's editor-in-chief, Mat Honan, and Casey Crownhart, climate reporter at the ClimateTech conference.
  • The 15 Climate Tech Companies to Watch are:
    Blue Frontier : It's getting hot out there and will only get hotter, which means millions more people will need access to air conditioning just to survive.
  • For more information on the 15 Climate Tech Companies to Watch, visit MIT Technology Review's website at TechnologyReview.com .

U.S. Defense Department Awards Eavor Contract to Power Military Base through Advanced Geothermal System

Retrieved on: 
Tuesday, October 3, 2023

Air Force Civil Engineer Center's Air Force Office of Energy Assurance will oversee all phases of prototype program development.

Key Points: 
  • Air Force Civil Engineer Center's Air Force Office of Energy Assurance will oversee all phases of prototype program development.
  • This endeavor will leverage the Earth's inherent thermal resources, with a focus on extracting energy via conduction from deep hot rock using a closed-loop system.
  • Through DoD funding for the feasibility study, subsurface work to fully characterize the geothermal resource will begin immediately.
  • “We are pleased to partner with Eavor and the Department of Defense on this innovative project," said Chesapeake Energy President and Chief Executive Officer Nick Dell’Osso.