US hots up with $14.5m geothermal funding

The country currently has an installed geothermal capacity of more than 3.8GW

Mexico grants geothermal licenses to French, Icelandic firms

The Energy Ministry in Mexico has issued three exploration permits for geothermal energy. The permits allow French utility ENGIE and Icelandic firm Reykjavik Geothermal to spend three years exploring resources located in three zones – Sangangüey, Cerro Pinto and Las Derrumbadas. Geothermal energy is a sustainable source that uses heat from deep underground for heating, […]

EU approves joint venture for geothermal project

The European Commission has approved a joint venture that holds the rights for the development of a geothermal energy project in Germany. Austrian firms STRABAG and EVN have formed Geoenergie Bayern Projekt Garching, which is planning to develop the Bruck project in Bavaria. EVN is mainly active in exploration and production of oil and gas, […]

Californian geothermal heats up with two new projects

California aims to slash the costs associated with deploying and operating geothermal energy systems. Currently, 6% of the state’s total power comes from the clean energy source, a figure that could be much higher if the processes involved were made more cost effective. Scientists at the Department of Energy’s Berkeley Laboratory have announced the California Energy Commission will provide $2.7 million (£2.2m) […]

Indonesian geothermal project gets $109m boost

A geothermal energy generation project in western Indonesia has been given a financing package worth $109 million (£87m). The Muara Laboh project, located in West Sumatra, is expected to generate 80MW of electricity. It will be one of the first transactions to receive funding from the Asian Development Bank’s (ADB) newly-established Leading Asia’s Private Infrastructure […]

US awards $29m for geothermal energy

Funding worth $29 million (£21.9m) has been awarded for geothermal energy in the US. Two teams at Sandia National Laboratories and the University of Utah will use the cash for the third phase of the Frontier Observatory for Research in Geothermal Energy (FORGE). Enhanced geothermal systems (EGS) are the means by which resources are accessed […]

£13m for geothermal energy projects in Cornwall

Businesses are being invited to bid for a share of up to £13 million for geothermal energy projects in Cornwall and the Isles of Scilly. The cash is being provided through the European-funded Cornwall and Isle of Scilly Growth Programme which will run until 2020. It is the only region in England to qualify as […]

$125m to boost geothermal energy in Turkey

An investment worth $125 million (£86.2m) will be made to boost Turkey’s geothermal energy sector. The European Bank for Reconstruction and Development (EBRD) and the Clean Technology Fund (CTF) are providing the money. The funding is part of a programme in which the EBRD is investing $100 million (£69m) and the CTF $25 million (£17.2m). […]

US ‘could use 100% green energy by 2050’

The US could source 100% of its electricity from renewables by 2050. That’s according to a research published by the University of Stanford in collaboration with the University of Berkeley. It also reveals every state in the country can achieve the goal by making “aggressive changes to both infrastructure and the ways we currently consume energy”. The […]

Scotland awards funding for geothermal projects

The Scottish Government is funding almost a quarter of a million pounds for five geothermal projects. The Geothermal Energy Challenge Fund is providing more than £234,000 to research how geothermal energy can be used for heating. The projects in Fife, West Lothian, North Lanarkshire and Aberdeenshire will explore the technical feasibility, economic viability and environmental sustainability of the […]