Geothermal energy

Anzu Partners Closes Third Venture Fund Focused on Companies Enabling Next-Gen Solutions in Clean Tech, Industrial, and Life Sciences Technologies

Retrieved on: 
Tuesday, September 26, 2023

Fund III was established to invest in companies developing next-generation solutions in clean technology, industrial innovations, and life sciences.

Key Points: 
  • Fund III was established to invest in companies developing next-generation solutions in clean technology, industrial innovations, and life sciences.
  • Investors in Fund III include new and returning public and private institutions, single and multifamily offices, and accredited investors across the U.S. and overseas.
  • e-Zinc utilizes zinc metal for its long-duration energy storage system, which has the potential to be more cost-effective than comparable lithium-ion systems.
  • “Anzu Partners is focused on investing in the breakthrough technologies that will serve as the backbone of industry – and will foster broader access to clean technologies, transformative therapeutics and our electrified future,” said David Michael, Managing Partner and co-founder, Anzu Partners.

Dominica’s commitment to renewable energy for economic sustainability

Retrieved on: 
Monday, September 25, 2023

This programme has successfully attracted private investment in renewable energy projects, enhancing energy diversity.

Key Points: 
  • This programme has successfully attracted private investment in renewable energy projects, enhancing energy diversity.
  • Renewable Energy: By generating 100 per cent of electricity from renewable sources by the year 2030, Dominica can reduce its dependence on fossil fuels, contributing to environmental sustainability.
  • Infrastructure Development: Investors can contribute to Dominica's infrastructure projects, such as road construction, airport upgrades, and renewable energy initiatives, facilitating economic growth.
  • Renewable Energy: Dominica's commitment to sustainable energy presents opportunities for investors in renewable energy projects, aligning with the nation's goals of reducing carbon emissions and energy costs.

Fervo Energy Breaks Ground on the World’s Largest Next-gen Geothermal Project

Retrieved on: 
Monday, September 25, 2023

Fervo Energy (“Fervo”), the leader in next-generation geothermal technology, today held a groundbreaking ceremony to mark the start of its exploration drilling campaign at Cape Station, a next-generation geothermal energy project set to deliver 400 MW of 24/7 carbon-free electricity.

Key Points: 
  • Fervo Energy (“Fervo”), the leader in next-generation geothermal technology, today held a groundbreaking ceremony to mark the start of its exploration drilling campaign at Cape Station, a next-generation geothermal energy project set to deliver 400 MW of 24/7 carbon-free electricity.
  • Geothermal innovations like those pioneered by Fervo will play a critical role in extending Utah’s energy leadership for generations to come.”
    Earlier this year, Fervo announced breakthrough result of its commercial pilot project, Project Red.
  • “Beaver County, Utah is the perfect place to deploy our next-generation geothermal technology,” said Tim Latimer, Fervo Energy CEO and Co-Founder.
  • Fervo Energy provides 24/7 carbon-free energy through the development of next-generation geothermal power.

DeepPower CEO Andrew Van Noy Discusses the Need for Geothermal Energy with Industry Expert

Retrieved on: 
Friday, September 22, 2023

LEHI, Utah, Sept. 22, 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 geologist Dr. Stephen Moshier about geothermal energy and the need for a broader portfolio of sustainable renewable energy resources based on affordability, reliability, sustainability and availability.

Key Points: 
  • LEHI, Utah, Sept. 22, 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 geologist Dr. Stephen Moshier about geothermal energy and the need for a broader portfolio of sustainable renewable energy resources based on affordability, reliability, sustainability and availability.
  • He also chaired the Department of Geology in environmental science at Wheaton College.
  • Dr. Moshier received his undergrad degree in geology at Virginia Tech while he received his Masters from Binghamton University in geological sciences.
  • Dr. Moshier is listed as a Google scholar at https://scholar.google.com/citations?user=c8quAyoAAAAJ&hl=en
    To learn more about DeepPower, please visit https://deeppower.com/index.php

The New York Geothermal Energy Organization (NY-GEO) - Commends New York State Governor Kathy Hochul for signing legislation that will Expand Opportunities for Geothermal Heating and Cooling for New York's Buildings

Retrieved on: 
Thursday, September 21, 2023

CAMBRIDGE, N.Y., Sept. 21, 2023 /PRNewswire/ -- New York Geothermal Energy Organization NY-GEO, a not-for-profit trade association, representing the geothermal heat pump (GHP) industry in New York State, celebrates the New York Governor for signing A6949/S6604 during Climate Week. 

Key Points: 
  • CAMBRIDGE, N.Y., Sept. 21, 2023 /PRNewswire/ -- New York Geothermal Energy Organization NY-GEO , a not-for-profit trade association, representing the geothermal heat pump (GHP) industry in New York State, celebrates the New York Governor for signing A6949/ S6604 during Climate Week.
  • The geothermal heat pump industry is installing hundreds of systems for New York building owners every year.
  • The new regulations created under this law will significantly increase access to geothermal across the state and help ensure New York meets its climate goals.
  • New York has not only become the State of Opportunity, but it has also become a leader in implementing renewable energy."

PAWNEE NATION AND CANOO PARTNER FOR CLEAN TECHNOLOGY JOBS AND GROWTH

Retrieved on: 
Thursday, September 21, 2023

PAWNEE, Okla., Sept. 21, 2023 /PRNewswire/ -- Canoo Technologies (NASDAQ: GOEV) announced today that it has established an agreement with the Pawnee Nation, based in Pawnee, Oklahoma, to identify and nurture emerging business and job opportunities in Oklahoma's growing clean energy industry. 

Key Points: 
  • "Under this agreement, the Pawnee Nation and Canoo will work together to train workers and develop suppliers for Oklahoma's growing clean energy industry."
  • "We are excited to partner with Canoo and to continue to expand our business and economic development ventures," said Pawnee Nation President Misty M. Nuttle.
  • Canoo said it believes this agreement is the first-of-its-kind with the Pawnee Nation and any business involved in clean tech or clean energy, such as manufacturing electric vehicles.
  • We see that Canoo is doing some amazing things in the clean energy sector, and we're excited to partner with them in this wonderful opportunity".

WGC2023 Publishes Beijing Declaration and the World's First Geothermal Industry Standard

Retrieved on: 
Wednesday, September 20, 2023

BEIJING, Sept. 20, 2023 /PRNewswire/ -- The 7th World Geothermal Congress (WGC2023) , hosted by China Petrochemical Corporation (Sinopec Group) , has officially published the world's first geothermal industry standards (the "Standards") and Beijing Declaration during the closing ceremony in Beijing.

Key Points: 
  • BEIJING, Sept. 20, 2023 /PRNewswire/ -- The 7th World Geothermal Congress (WGC2023) , hosted by China Petrochemical Corporation (Sinopec Group) , has officially published the world's first geothermal industry standards (the "Standards") and Beijing Declaration during the closing ceremony in Beijing.
  • Beijing Declaration expresses that, with the support of all parties, geothermal energy will become one of the most popular and competitive energy sources in the future.
  • In the meantime, Beijing Declaration is calling to strengthen public awareness and policy support for geothermal development, advance global technological innovation, promote geothermal technology and knowledge exchange, support global energy transformation, and push forward high-quality development of the global geothermal industry.
  • The Standard, which takes China's geothermal practices as a reference to formulate a sustainable utilization and development model of the whole life-cycle of geothermal energy, provides a comprehensive reference of technical standards for the global geothermal industry.

WGC2023 Publishes Beijing Declaration and the World's First Geothermal Industry Standard

Retrieved on: 
Wednesday, September 20, 2023

BEIJING, Sept. 19, 2023 /PRNewswire/ -- The 7th World Geothermal Congress (WGC2023) , hosted by China Petrochemical Corporation (Sinopec Group) , has officially published the world's first geothermal industry standards (the "Standards") and Beijing Declaration during the closing ceremony in Beijing.

Key Points: 
  • BEIJING, Sept. 19, 2023 /PRNewswire/ -- The 7th World Geothermal Congress (WGC2023) , hosted by China Petrochemical Corporation (Sinopec Group) , has officially published the world's first geothermal industry standards (the "Standards") and Beijing Declaration during the closing ceremony in Beijing.
  • Beijing Declaration expresses that, with the support of all parties, geothermal energy will become one of the most popular and competitive energy sources in the future.
  • In the meantime, Beijing Declaration is calling to strengthen public awareness and policy support for geothermal development, advance global technological innovation, promote geothermal technology and knowledge exchange, support global energy transformation, and push forward high-quality development of the global geothermal industry.
  • The Standard, which takes China's geothermal practices as a reference to formulate a sustainable utilization and development model of the whole life-cycle of geothermal energy, provides a comprehensive reference of technical standards for the global geothermal industry.

Dandelion Energy Partners with Palmetto to Expand Access to Renewable Energy Solutions, Combining Residential Solar With Geothermal Heating & Cooling

Retrieved on: 
Friday, September 15, 2023

MARLBOROUGH, Mass., Sept. 15, 2023 /PRNewswire/ -- Dandelion Energy, the nation's leading residential geothermal company, and Palmetto, a technology company accelerating the adoption of clean energy, today announced a partnership that will expand access to renewable energy solutions by harnessing the complementary powers of solar and geothermal energy. The partnership will start with a launch program with Palmetto in Massachusetts, where Dandelion expanded services in 2022.

Key Points: 
  • MARLBOROUGH, Mass., Sept. 15, 2023 /PRNewswire/ -- Dandelion Energy , the nation's leading residential geothermal company, and Palmetto , a technology company accelerating the adoption of clean energy, today announced a partnership that will expand access to renewable energy solutions by harnessing the complementary powers of solar and geothermal energy.
  • The partnership will start with a launch program with Palmetto in Massachusetts , where Dandelion expanded services in 2022 .
  • When geothermal and solar work together , homeowners can lower consumption and increase renewable generation, making many homeowners energy-independent.
  • The combination of geothermal and solar systems will revolutionize how homeowners perceive and utilize renewable energy," said Dan Yates, CEO of Dandelion Energy.

World Geothermal Congress 2023 Opens in Beijing, Pushing Forward Ecological Development Strategies to Build A Greener Future

Retrieved on: 
Friday, September 15, 2023

It is China's first time hosting the international geothermal event of this kind.

Key Points: 
  • It is China's first time hosting the international geothermal event of this kind.
  • China also published the first national report on geothermal development-Report on High-Quality Development of Geothermal Industry in China.
  • Sinopec has one key laboratory for geothermal resource development and owns over 130 technology patents.
  • Sinopec is expected to exceed 100 million square meters of geothermal heating capacity by the end of 2023.