Geothermal gradient

Brightcore Energy Advocates for the Creation of New Incentive Program for Geothermal Conductivity Tests

Retrieved on: 
Tuesday, March 19, 2024
Environment, Construction & Property, Environmental Health, Utilities, Building Systems, Alternative Energy, Sustainability, Green Technology, Energy, Con, Geothermal gradient, GHG, Built environment, Heat, Consolidated Edison, Heat pump, Renewable energy

The Thermal Conductivity Testing (“TCT”) Incentive program becomes a part of Con Edison’s Clean Heat Program and will offset the eligible costs of Geothermal Conductivity Tests by 50%, up to a maximum incentive of $40,000.

Key Points: 
  • The Thermal Conductivity Testing (“TCT”) Incentive program becomes a part of Con Edison’s Clean Heat Program and will offset the eligible costs of Geothermal Conductivity Tests by 50%, up to a maximum incentive of $40,000.
  • Brightcore executives saw the opportunity to approach Con Edison with the idea for the test well incentive program to help reduce the pre-development costs for potential clients considering a geothermal heating and cooling system.
  • Geothermal Heating and Cooling systems have the potential to greatly reduce the energy and resulting greenhouse gas emissions required to heat and cool buildings.
  • Con Edison will then review the post-testing application to determine the final incentive.

Expro and Di Drill Survey Services Expand Strategic Partnership

Retrieved on: 
Tuesday, December 12, 2023
Oil, Gas, Alternative Energy, Manufacturing, Energy, Engineering, Well, Safety, NYSE, HPHT, Security (finance), Form, 8-K, Multimedia, Kinley, Geothermal gradient, Partnership, Well intervention, Growth, Risk, Integrity, Temperature, Renewable energy, Sales, Expro, Gyro

Expro (NYSE: XPRO), a leading energy services provider, has renewed and expanded a strategic partnership agreement with Di Drill Survey Services Inc., a leading provider of high-end HPHT logging, Gyro survey services, and magnetic ranging for complex abandonment services to the oil & gas and geothermal sectors, based in Bakersfield, California.

Key Points: 
  • Expro (NYSE: XPRO), a leading energy services provider, has renewed and expanded a strategic partnership agreement with Di Drill Survey Services Inc., a leading provider of high-end HPHT logging, Gyro survey services, and magnetic ranging for complex abandonment services to the oil & gas and geothermal sectors, based in Bakersfield, California.
  • View the full release here: https://www.businesswire.com/news/home/20231212679436/en/
    Expro and Di Drill Survey Services Expand Strategic Partnership (Photo: Business Wire)
    The strategic partnership agreement formalizes and strengthens a growing relationship between two energy service companies committed to providing premium well integrity solutions to complex wellbore situations.
  • A previous agreement enabled Expro to provide its high temperature Kinley Caliper and downhole camera product lines to Di Drill to service predominantly geothermal operators in the western US.
  • This partnership was an easy decision.”
    Daniel McCall, President of Di Drill Survey Services, said:
    “We are honored to have the ability to continue and grow our relationship with such an esteemed service provider in the energy sector.

X Machina Capital Strategies Announces Transitional Energy-Gradient Geothermal Merger

Retrieved on: 
Wednesday, November 29, 2023
Oil, Gas, Energy, Environment, Other Energy, Sustainability, Geothermal energy, Partner (business rank), Transition, XMC, Investment, Geothermal gradient, Natural gas, Water, Growth, Renewable energy

X Machina Capital Strategies (“XMC”), which develops transformational private investment initiatives within the energy commodities marketplace, today announced the merger of Transitional Energy (“Transitional”), a Denver, Colorado-based geothermal company focused on energy production derived from the heat extracted via existing oil & gas infrastructure, and Gradient Geothermal, the newest strategic platform entity in XMC’s full spectrum energy investment lineup.

Key Points: 
  • X Machina Capital Strategies (“XMC”), which develops transformational private investment initiatives within the energy commodities marketplace, today announced the merger of Transitional Energy (“Transitional”), a Denver, Colorado-based geothermal company focused on energy production derived from the heat extracted via existing oil & gas infrastructure, and Gradient Geothermal, the newest strategic platform entity in XMC’s full spectrum energy investment lineup.
  • This announcement is the latest in a series of investments by a XMC-affiliated operation to transform energy production by leveraging advanced technology in the renewable energy space.
  • Gradient Geothermal seeks to overcome these legacy issues by utilizing existing sources of water, natural gas, and oil that are produced during fossil fuel extraction to streamline the process of geothermal production.
  • This unique operational model positions the company as the only scalable commercial operation in the sector that specializes in this innovative form of geothermal energy production.

Weatherford Announces Third Quarter 2023 Results and Raises Full-Year Outlook

Retrieved on: 
Tuesday, October 24, 2023
Well, Weatherford International, Digital Solutions, EBITDA, Saudi Aramco, Completion (oil and gas wells), Note, Maintenance, WFRD, Senior, Capital expenditure, Artificial lift, Pack, Recycling, Geothermal gradient, KCA DEUTAG, Electric light, Video game, Nursing, Natural gas, Renewable energy

HOUSTON, Oct. 24, 2023 (GLOBE NEWSWIRE) --  Weatherford International plc (NASDAQ: WFRD) (“Weatherford” or the “Company”) announced today its results for the third quarter of 2023.

Key Points: 
  • Operating income was $218 million in the third quarter of 2023, compared to $201 million in the second quarter of 2023 and $121 million in the third quarter of 2022.
  • Basic income per share was $1.70, compared to $1.14 in the second quarter of 2023 and $0.39 in the third quarter of 2022.
  • Third quarter 2023 cash flows provided by operations were $172 million, compared to $201 million in the second quarter of 2023 and $160 million in the third quarter of 2022.
  • Capital expenditures were $42 million in the third quarter of 2023, compared to $36 million in the second quarter of 2023 and $39 million in the third quarter of 2022.

Rapid Thermal Processing Equipment Market size to increase by USD 259.56 million during 2022-2027, Rising adoption of IoT and connected devices to drive the growth - Technavio

Retrieved on: 
Thursday, October 12, 2023
Lamp, USD, Heraeus, Heat, Geothermal gradient, Laser, Industrial, FREE, Growth, Maintenance, Research, RTA, YOY, Internet of things, Ametek, JSC, Nature, Applied Materials, Renewable energy, Geography

NEW YORK, Oct. 12, 2023 /PRNewswire/ -- The rapid thermal processing equipment market size is expected to grow by USD 259.56 million between 2022 and 2027.

Key Points: 
  • NEW YORK, Oct. 12, 2023 /PRNewswire/ -- The rapid thermal processing equipment market size is expected to grow by USD 259.56 million between 2022 and 2027.
  • The rising adoption of IoT and connected devices drives the rapid thermal processing equipment market.
  • The technological advancements in rapid thermal processing equipment are emerging rapid thermal processing equipment market trends.
  • The growing advancement in technology in the global rapid thermal processing equipment market further drives the demand for skilled technicians.

Clean Geothermal, Green Earth: Sinopec to Host World Geothermal Congress 2023

Retrieved on: 
Wednesday, June 21, 2023
International Geothermal Association, 2010 World Geothermal Congress, Carbon, WGC, Organization, Congress, IGA, Non-governmental organization, Geothermal energy, City, HKG, Icelandic, Renewable energy, Geothermal gradient, Sinopec

BEIJING, June 21, 2023 /PRNewswire/ -- China Petroleum & Chemical Corporation (HKG: 0386, "Sinopec") will host the 7th World Geothermal Congress (WGC 2023) from September 15 to 17 in Beijing, China, which will be China's first time hosting the international convention known as the "Olympics of Geothermal."

Key Points: 
  • BEIJING, June 21, 2023 /PRNewswire/ -- China Petroleum & Chemical Corporation (HKG: 0386, "Sinopec") will host the 7th World Geothermal Congress (WGC 2023) from September 15 to 17 in Beijing, China, which will be China's first time hosting the international convention known as the "Olympics of Geothermal."
  • The theme for the WGC 2023 is "Clean Geothermal, Green Earth."
  • In addition, Sinopec Star has drafted 52 industry standards that have been approved and cover a wide scope, including geothermal resource exploration and evaluation, geothermal heating, and more.
  • For more information about Sinopec and WGC 2023, please visit http://www.sinopecgroup.com/group/en/ and https://www.wgc2023.com/wgc2023/en/ .

Clean Geothermal, Green Earth: Sinopec to Host World Geothermal Congress 2023

Retrieved on: 
Wednesday, June 21, 2023
International Geothermal Association, Multimedia, 2010 World Geothermal Congress, Carbon, WGC, Organization, Congress, IGA, Non-governmental organization, Geothermal energy, City, HKG, Icelandic, Renewable energy, Geothermal gradient, Sinopec

BEIJING, June 21, 2023 /PRNewswire/ -- China Petroleum & Chemical Corporation (HKG: 0386, "Sinopec") will host the 7th World Geothermal Congress (WGC 2023) from September 15 to 17 in Beijing, China, which will be China's first time hosting the international convention known as the "Olympics of Geothermal."

Key Points: 
  • BEIJING, June 21, 2023 /PRNewswire/ -- China Petroleum & Chemical Corporation (HKG: 0386, "Sinopec") will host the 7th World Geothermal Congress (WGC 2023) from September 15 to 17 in Beijing, China, which will be China's first time hosting the international convention known as the "Olympics of Geothermal."
  • The theme for the WGC 2023 is "Clean Geothermal, Green Earth."
  • Sinopec Star Co., Ltd., a subsidiary of Sinopec that has been actively exploring the development and utilization of geothermal energy since 2006, is making significant contributions to Sinopec's roadmap of clean energy development and building up a new industry layout.
  • In addition, Sinopec Star has drafted 52 industry standards that have been approved and cover a wide scope, including geothermal resource exploration and evaluation, geothermal heating, and more.

Project InnerSpace Announces PIVOT2023: A Global Gathering for the Geothermal Anywhere Movement

Retrieved on: 
Tuesday, May 23, 2023
Partnership, Society, Travel, Society of Petroleum Engineers, International Geothermal Association, Geothermal Rising, Life, Building Bridges, 2010 World Geothermal Congress, Innerspace, Hydrocarbon, Geothermal gradient, Movement, Congress, Entrepreneurship, Geothermal energy, Conference, Renewable energy

BOSTON, May 23, 2023 /PRNewswire-PRWeb/ -- Project InnerSpace, host of the annual PIVOT: From Hydrocarbons to Heat conference series, is excited to announce PIVOT2023, taking place virtually and in person at venues across the globe. PIVOT2023 is a month-long event this year that will connect, highlight, and broadcast from more than a dozen geothermal events taking place around the world, while integrating the bleeding-edge virtual content that has defined the PIVOT conference series in prior years.

Key Points: 
  • Project InnerSpace announces dates for PIVOT2023, with co-hosted events across multiple continents in partnership with the International Geothermal Association, the Society of Petroleum Engineers, and Geothermal Rising.
  • To bring this theme to life, Project InnerSpace is excited to announce strategic partnerships with the International Geothermal Association and Geothermal Rising to co-host PIVOT2023 with both the World Geothermal Congress, in Beijing, China, and the Geothermal Rising Conference, in Reno, Nevada.
  • Popular features from prior years, including the PIVOT geothermal startup pitch competition, the geothermal datathon, and the PIVOT Five on Fire awards, will return with surprising twists.
  • Since its launch in 2020, PIVOT has grown into the leading global event of the geothermal anywhere movement, with the mission of bringing together innovative geothermal startups and the oil and gas industry to build the future of geothermal energy.

Borets International rebrands to Levare International and announces appointment of new Chief Executive Officer and Chairman

Retrieved on: 
Monday, May 8, 2023
Science, ESP, Ernst & Young Entrepreneur of the Year Award, Engineering, Culture, Merrill A. Miller Jr., Geothermal gradient, MBA, Municipality, Shareholder, Chesapeake Energy, NOV Inc., US, Trust, Merrill, University of Toronto Faculty of Applied Science and Engineering, Ocean Star Offshore Drilling Rig & Museum, Mining, Harvard Business School, Growth, NOV, Helmerich, NYSE, Renewable energy, Management, Transocean, Leváre

Accordingly, the rebranding of the company to Levare International Limited (Levare or Company) better aligns with the forward-thinking mindset of new leadership.

Key Points: 
  • Accordingly, the rebranding of the company to Levare International Limited (Levare or Company) better aligns with the forward-thinking mindset of new leadership.
  • And, as the Company embarks on this new path, it will do so under new leadership with the appointment of a new Chief Executive Officer and Chairman.
  • The Shareholder and Board of Directors are pleased to announce the appointment of Merrill A. Miller, Jr. as Chief Executive Officer and Chairman of Levare.
  • He has also served as Chairman of Borets International and in the past 15 months Pete has served as Chairman and Chief Executive Officer of HMH Inc., an oilfield equipment manufacturer.

$7 Billion Geothermal Energy Markets - Global Forecast to 2027: Lucrative Opportunities in the Emergence of Advanced Technologies and Rise of Geothermal 2.0

Retrieved on: 
Thursday, March 30, 2023
Baker Hughes, Flash, GHP, Electricity, Heat pump, Advanced combat direction system, Geothermal gradient, Superheater, USD, Government, Wind, Plant, Single-family detached home, Geothermal energy, Growth, Heat, Commercial, Region, CO2, SLB, Renewable energy, Temperature, Ormat Technologies

Also, geothermal energy is preferred over other renewable forms of energy such as wind, solar, and hydropower for power generation.

Key Points: 
  • Also, geothermal energy is preferred over other renewable forms of energy such as wind, solar, and hydropower for power generation.
  • By technology, the geothermal energy market has been segmented into Binary Cycle plants, Flash Steam Plants, Dry Steam Plants, Ground Source Heat Pumps, Direct Systems, and others.
  • As per the favorable government policies and mature technology of dry steam plants are expected to drive the geothermal energy market.
  • Energy-Efficient Geothermal Heating and Cooling at Detached House in Westhoffen, France
    Elderly Accommodation Center in Meung Sur Loire, France, Uses Geothermal Energy for Heating and Cooling