Geothermal power

EQS-News: Daldrup & Söhne AG receives drilling order from the City of Frankfurt to explore the local geology

Retrieved on: 
Sunday, December 18, 2022
WKN, Geothermal energy, PJ, Electricity, Water purification, Federal Ministry for Climate Action, Environment, Energy, Mobility, Innovation and Technology, City, EEW, Exploration, Fraunhofer, Water extraction, Copper, Raw material, Natural gas, Sale, Drinking, BEW, ISIN, Gold, AG, Environment, Frankfurt Stock Exchange, Groundwater, Ulrich Daldrup, Coal, Plant, EDS, Research, Investment, Development, Hermann von Helmholtz, Economy, Security (finance), Renewable energy, Geothermal power

Oberhaching / Ascheberg, 14 December 2022 - Daldrup & Söhne AG (ISIN DE0007830572), drilling technology and geothermal specialist, has received an order from the city of Frankfurt am Main for a research well on the Rebstockbad site.

Key Points: 
  • Oberhaching / Ascheberg, 14 December 2022 - Daldrup & Söhne AG (ISIN DE0007830572), drilling technology and geothermal specialist, has received an order from the city of Frankfurt am Main for a research well on the Rebstockbad site.
  • The results obtained during the drilling will enable the City of Frankfurt to make a well-founded estimate of the total heat potential available and the effort required to extract geothermal energy from the subsoil.
  • The contract value for Daldrup & Söhne AG is around 3.4 million euros.
  • The shares of Daldrup & Söhne AG are listed in the Scale (sub-segment in the open market of the Frankfurt Stock Exchange) and the respective index of selection Scale30.

EQS-News: Daldrup & Söhne AG significantly increases EBIT result in H1 2022

Retrieved on: 
Friday, September 30, 2022
Group, Groundwater, Development, ISIN, Efficiency, Geothermal energy, Saskatchewan River Sturgeon Management Board, Sale, EAT, EBITDA, EBIT, Pressure, Gold, WKN, Investment, Environment, Copper, Electricity, Water extraction, Technology, Depreciation, Raw material, EPS, Drinking, EUR, COVID-19, Board of directors, Ulrich Daldrup, Water purification, Federal Executive Boards, EDS, Plant, Coal, Tax, Renewable energy, Geothermal power, DACH

The group achieved earnings before interest and taxes (EBIT) of 1.2 million euros (0.6 million euros).

Key Points: 
  • The group achieved earnings before interest and taxes (EBIT) of 1.2 million euros (0.6 million euros).
  • The EBIT includes about 400 kEUR from the sale of power plant components of the Kalina technology.
  • For Daldrup & Shne AG, the first half of 2022 was characterised by a positive operative development in all business areas despite the deteriorating general economic environment.
  • The order situation in all business areas of Daldrup & Shne AG remains satisfactory.

DGAP-News: Daldrup & Söhne AG elects new supervisory board

Retrieved on: 
Friday, August 26, 2022
Geothermal energy, ISIN, Plant, Technology, Water purification, CEO, EDS, Water extraction, Investor relations, AG, EBIT, Sale, Board, Supervisory board, IPO, Raw material, Coal, Ulrich Daldrup, Board of directors, RTÉ Executive Board, CFO, Environment, WKN, Annual general meeting, Electricity, Gold, Group, Drinking, Mission statement, Annual, Copper, Development, Groundwater, Renewable energy, Geothermal power

The shareholders elected Dr Michaela Daldrup-Arnold as a new member of the Supervisory Board.

Key Points: 
  • The shareholders elected Dr Michaela Daldrup-Arnold as a new member of the Supervisory Board.
  • Wolfgang Quecke, a member of the Supervisory Board since the IPO, was not available for another term of office.
  • The Annual General Meeting discharged the members of the Executive Board and the Supervisory Board and approved the election of the auditor of the financial statements and the consolidated financial statements.
  • As of mid-August, the order backlog stood at 27.5 million euros and the market volume relevant for Daldrup & Shne AG at around 136 million euros.

Dominica Prepares to Face the 2022 Atlantic Hurricane Season with Climate Resilient Infrastructure

Retrieved on: 
Wednesday, June 8, 2022
Parliament, Climate, Time, Lead, School, Greenhouse, Climate change, United Nations Ocean Conference, CEO, Organic, Hurricane Maria, Lists of disasters, Government, CB, Organization, Whitecourt Healthcare Centre, Commonwealth, NOAA, Â, Dominica citizenship by investment programme, Investment, Tourism, Government House, Dominica, Pacific typhoon season, GLOBE, National Oceanic and Atmospheric Administration, Geothermal power, Electricity, Atlantic hurricane season, Risk, Homelessness, Hospital, 2021 Atlantic hurricane season, Union, Climate resilience, EB-5 visa, Society, Program, Housing, Safety, Lobster, Renewable energy, Castle Bruce, Atlantic Ocean

The Atlantic hurricane season typically runs from 1 June to 30 November, during these months, tropical storms are most likely to form and wreak havoc in the Caribbean.

Key Points: 
  • The Atlantic hurricane season typically runs from 1 June to 30 November, during these months, tropical storms are most likely to form and wreak havoc in the Caribbean.
  • Several climate factors can be attributed to the predicted hurricane season.
  • These factors include La Nina, warmer-than-average sea surface temperatures in the Caribbean Sea and the Atlantic Ocean, and weaker tropical Atlantic trade winds.
  • Dominica is on the frontline of climate change and is a target of natural disasters, mainly hurricanes and tropical storms.

NXT Energy Solutions Announces R&D Funding for Its SFD® Geothermal Project

Retrieved on: 
Tuesday, August 3, 2021
Geology, Earth sciences, Sustainable energy, Geothermal energy, Physical sciences, Volcanism, Geothermal power, Geothermal gradient, NXT

George Liszicasz, President and CEO of NXT Energy, noted, We are extremely pleased to have support from NRC IRAP to advance the application of SFD to geothermal energy resources.

Key Points: 
  • George Liszicasz, President and CEO of NXT Energy, noted, We are extremely pleased to have support from NRC IRAP to advance the application of SFD to geothermal energy resources.
  • Deploying SFD for geothermal projects will allow our clients a singular focus on the most favorable subsurface conditions for heat and fluid circulation.
  • NXT believes that geothermal power generation and direct use applications will play an outsized role in the evolving energy sector due to its non-intermittent and baseload nature.
  • SFD is environmentally friendly and unaffected by ground security issues or difficult terrain and is the registered trademark of NXT Energy Solutions Inc. NXT Energy Solutions Inc. provides its clients with an effective and reliable method to reduce time, costs, and risks related to exploration.

Ormat Completed the Acquisition of TG Geothermal Portfolio, LLC; Increasing Its Total Operating Portfolio to 1.1 GW

Retrieved on: 
Wednesday, July 14, 2021
Ormat Technologies, Beowawe, Nevada, Geothermal power, Energy, Companies, Power stations, Olkaria III Geothermal Power Station

Following the acquisition, Ormat now owns and operates two geothermal power plants in Nevada at Dixie Valley and Beowawe, with a total net generating capacity of approximately 67.5 MW.

Key Points: 
  • Following the acquisition, Ormat now owns and operates two geothermal power plants in Nevada at Dixie Valley and Beowawe, with a total net generating capacity of approximately 67.5 MW.
  • The operating assets sell power under existing power purchase agreements.
  • Ormat plans to improve the acquired operating assets and implement synergies and cost reductions and expects these assets to generate $55 million in revenue and approximately $37 million in EBITDA in 2022.
  • Actual future results may differ materially from those projected as a result of certain risks and uncertainties.

DEEP Completes Successful FEED and Feasibility Engineering for a 32 MW Geothermal Power Facility

Retrieved on: 
Monday, June 21, 2021
Articles, Sustainable energy, Energy, Sustainable technologies, Geothermal energy, Volcanism, Geothermal power, Renewable energy, Solar augmented geothermal energy, Geothermal power in Australia

Engineering services were provided by Enerpro Engineering Inc. GeothermEx (a Schlumberger Company) is completing a full review of the FEED and Feasibility study.

Key Points: 
  • Engineering services were provided by Enerpro Engineering Inc. GeothermEx (a Schlumberger Company) is completing a full review of the FEED and Feasibility study.
  • Currently, 74% of Saskatchewans power comes from traditional carbon-based generation methods (coal and gas fired power plants).
  • For every 1 MW of clean geothermal energy produced, approximately 1,200 homes can be removed from non-renewable power generation sources.
  • The DEEP geothermal power facility will generate power from hot (120-125C) water produced from open hole barefoot horizontal wells drilled into the Deadwood Formation (the deepest sedimentary unit in the Williston Basin).

Ormat Completes McGinness Hills Complex Expansion

Retrieved on: 
Monday, June 7, 2021
Ormat Technologies, Energy, Geothermal power, McGinness Hills Geothermal Complex, Renewable energy by country, Companies, Geothermal energy in the United States, Olkaria III Geothermal Power Station

RENO, Nev., June 07, 2021 (GLOBE NEWSWIRE) -- Ormat Technologies Inc. (NYSE: ORA) announced the completion of the expansion of its McGinness Hills Phase 3 geothermal power plant in Eastern Nevada.

Key Points: 
  • RENO, Nev., June 07, 2021 (GLOBE NEWSWIRE) -- Ormat Technologies Inc. (NYSE: ORA) announced the completion of the expansion of its McGinness Hills Phase 3 geothermal power plant in Eastern Nevada.
  • The expansion increases the power plant net capacity to approximately 69 MW, bringing the entire McGinness Hills complex capacity to a total of approximately 160 MW.
  • The recently completed McGinness Hills Phase 3 Expansion project on May 5, 2021 will provide an additional 21.25 MW to LADWP.
  • Doron Blachar, CEO of Ormat Technologies, said, The McGinness Hills Complex is the largest geothermal complex in Nevada and the fourth largest in the United States, providing clean, renewable, environmentally responsible energy to the residents of Nevada and Southern California.

Ormat to Acquire Contracted Operating Geothermal Assets in Nevada and a Transmission Line Connecting Nevada With California for Total Estimated Consideration of $377M

Retrieved on: 
Monday, May 24, 2021
Sustainable energy, Energy, California Independent System Operator, Energy in California, Ormat Technologies, Geothermal power, States of the United States, Companies, Blue Mountain Faulkner 1 Geothermal Power Plant, Geothermal energy in the United States

The acquisition is expected to close in the second half of 2021, subject to regulatory and other customary closing conditions.

Key Points: 
  • The acquisition is expected to close in the second half of 2021, subject to regulatory and other customary closing conditions.
  • The acquired entities own, among other things, the following assets:
    Two operating geothermal power plants in Nevada comprising:
    56 MW (net) Dixie Valley geothermal power plant, one of the largest geothermal power plants in Nevada.
  • Transmission line connecting Nevada and California The transaction includes a materially underutilized transmission line that has a direct connection to CAISO.
  • This transmission line may allow Ormat in the future to enhance its capabilities in transferring additional capacity from Nevada to the California power market, subject to third party grid connectivity.

Kerui Petroleum & Gas Delivered the Drilling Rig for Geothermal Project in Ethiopia Successfully

Retrieved on: 
Friday, April 30, 2021
Oil, Gas, Energy, Alternative energy, Petroleum geology, Kerui Petroleum, Energy sources, Energy, Drilling rig, Geothermal energy, Science and technology, Geothermal power, Oil well

b"Recently, the second set of 1500hp geothermal drilling rig independently developed and manufactured by Shandong Kerui Petroleum & Gas Equipment Co., Ltd. was successfully delivered to Aruto Langano geothermal power station in central Ethiopia.

Key Points: 
  • b"Recently, the second set of 1500hp geothermal drilling rig independently developed and manufactured by Shandong Kerui Petroleum & Gas Equipment Co., Ltd. was successfully delivered to Aruto Langano geothermal power station in central Ethiopia.
  • As the first 50D mating drilling rig and first geothermal energy development project of Ethiopia Electric Power (as \xe2\x80\x9cEEP\xe2\x80\x9d), it is the largest investment in geothermal energy sector, and also a national project with great strategic significance supported by World Bank.\nIn this project, Kerui Petroleum & Gas provides two sets of 1500hp geothermal drilling rigs, drilling services, personnel training and related technology transfer and other one-stop comprehensive solutions to Ethiopia Electric Power company for the exploitation of 22 geothermal wells in Aluto Langano.
  • The two sets of geothermal drilling rig delivered by this company are independently developed by itself.
  • It can meet the drilling requirements of petroleum, natural gas and geothermal resources, and adapt to the technological requirements of mud drilling, air drilling and foam drilling, and is equipped with logging, cementing, orientation, gas testing and other equipment.\nFacing the severe epidemic situation in the world, Shandong Kerui Petroleum & Gas Equipment Co., Ltd. has successfully completed the commissioning and lifting of two sets of drilling equipment currently, and will officially start drilling soon.\nKerui Petroleum & Gas is an international comprehensive industrial group providing high-end oil equipment, oil and gas field technical services and EPC engineering services to the global oil and gas industry.