Geothermal Energy News

ZeroGeo Energy and Sage Geosystems Announce Partnership on Geothermal Baseload Projects
United States >> 1/16/2023 - ZeroGeo Energy GmbH (ZGS) and Sage Geosystems Inc. (Sage) announce a Joint Venture Agreement (JVA) to jointly engage in the business of energy storage in the earth and/or geothermal baseload energy (d...
Ormat Secured a Financing Agreement for the Development of Ijen Geothermal Project
Indonesia >> 1/12/2023 - Ormat Technologies (ORA) and PT Medco Power Indonesia (“Medco Power”) through their subsidiary company, PT Medco Cahaya Geothermal (“MCG”), signed a Financing Agreement with PT Sarana Multi Infrastruk...
Market Leaders in Closed Loop Geothermal Sign Exclusive Heads of Terms to Drive Large Industrial
United Kingdom >> 1/12/2023 - Two market leaders aim to pioneer large-scale commercial geothermal heating networks to meet the challenge and resilience of UK energy by building scalable cost-effective heat networks, as CeraPhi Ene...
Getech Signs Strategic Agreement to Jointly Evaluate Geothermal Energy Projects
United Kingdom >> 1/10/2023 - Getech, the geoenergy and green hydrogen company, has announced the signing of a Strategic Collaboration Agreement with Eavor Technology, a global geothermal technology company.

The Strateg...
DoD Issues Request for Proposal for Onsite Geothermal Electricity Generation Prototypes
United States >> 1/10/2023 - The Department of Defense (DoD) announced a Request for Proposal (RFP) for an onsite geothermal electricity-generation prototype via the Defense Innovation Unit (DIU) website.

Given geotherma...
GreenFire & CPC Enter into MOU for Closed-Loop Geothermal
Taiwan >> 1/10/2023 - GreenFire Energy Inc. and CPC Corporation, Taiwan (“CPC”), have signed a memorandum of understanding (MOU) to work together to develop geothermal projects in Taiwan. This agreement enables both compan...
Enhanced Geothermal Systems Pilot May Provide Infinite Energy Source for JBSA
United States >> 1/9/2023 - Enhanced Geothermal Systems, or EGS, are promising technologies which, by tapping into heat stranded in rocks below the Earth’s surface, may enable reliable electric power production across the nation...
KenGen Announces New Year Plan to Fast Track Deployment of Renewable Energy
Kenya >> 1/5/2023 - Kenya Electricity Generating Company PLC (KenGen) has announced a renewed plan to scale up the deployment of renewable energy in the country by adding an additional 3000MW.

This new campaig...
INPEX Joins the Rajabasa Geothermal Project in Indonesia
Indonesia >> 1/4/2023 - INPEX CORPORATION (INPEX) announced it has joined the Rajabasa Geothermal Project (the Project) in Indonesia through INPEX GEOTHERMAL, LTD. (INPEX GEOTHERMAL), a subsidiary established for the purp...
Conclusion of Finance-Related Agreement Concerning Geothermal Power Generation Project
Japan >> 12/28/2022 - RENOVA, Inc. (“RENOVA”) informs that it has changed its planned schedule for commencing operation of Minami Aso Yunotani Geothermal Power Project from December 2022 to March 2023 upon facility inspect...
INPEX GEOTHERMAL Establishes Jakarta Office
Indonesia >> 12/21/2022 - INPEX CORPORATION (INPEX) announced that its wholly owned subsidiary INPEX GEOTHERMAL, Ltd. (INPEX Geothermal), which was established for the purpose of conducting geothermal business operations, ha...
Globeleq Signs Financing Agreement with Senior Lenders on $108M in Kenya
Kenya >> 12/15/2022 - Globeleq, the leading private power company in Africa, announces that it has signed financing agreements with the African Development Bank (AfDB) (as mandated lead arranger), Finnfund and the Eastern ...
Chevron & Baseload Capital Create JV to Explore Geothermal Development Opportunities
United States >> 12/14/2022 - Chevron Corporation (CVX), through its Chevron New Energies business, and Baseload Capital have announced a joint venture to develop geothermal projects in the United States. The two companies will co...
US DOE Announces over $15M to Drive down Costs of Geothermal Drilling
United States >> 12/14/2022 - The U.S. Department of Energy (DOE) announced over $15 million in funding for two projects that will reduce the cost of developing geothermal energy by generating at least a 25% improvement in geother...
Geothermal Potential Heating Up in Cumberland County
Canada >> 12/12/2022 - Geothermal energy already heats some buildings in Springhill, and a study funded by the Province will help advance its full potential in the area. “Nova Scotia is becoming a world leader in green ene...
The Role of Geothermal in the Green Energy Mix
United Kingdom >> 12/12/2022 - Geothermal energy has long been used as a direct source of heat and for generating electricity. It currently supplies only a fraction of the world’s energy needs, yet many experts see wide scale adopt...
Interest in UN Framework Classification for Resources Heats up in Geothermal Community
India >> 12/8/2022 - A UN Framework to improve the efficiency and effectiveness of energy resource management is sparking significant interest from geothermal experts, signaling strong potential to unlock its contribution...
Deep Energy & Eavor to Build 5 Geothermal Projects
Canada >> 12/8/2022 - Deep Energy Capital, LLP (“Deep Energy”), an independent specialized renewable energy investment firm, and Eavor Technologies Inc. (“Eavor”), the preeminent advanced geothermal technology company, hav...
Sustainable Energy Fund for Africa Provides $10M to Support Geothermal Resource Development
Ethiopia >> 12/8/2022 - The Board of Directors of the African Development Bank Group has approved a $10 million reimbursable grant from the Sustainable Energy Fund for Africa (SEFA) to support a geothermal drilling program t...
Baker Launches Technologies to Transform Abandoned Wells for Geothermal Energy
United States >> 12/8/2022 - Wells2Watts consortium board members stand next to the Baker Hughes laboratory test well that will be repurposed to evaluate the closed-loop geothermal system at the at the OSU Hamm Institute of Ameri...

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