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Support from the Trump administration, rising energy demand and cheaper drilling methods are boosting lease prices of US public land for geothermal development. By Renata Carlos Daou For the first time in years, the US federal government has leased every parcel of public land it has opened for geothermal development — and at record prices. …
Companies Are Paying Record Sums to Develop Geothermal Energy Read More »
(Reuters Breakingviews) – The fracking boom has already delivered one titanic surprise, making the United States the world’s largest oil producer in recent years. Long considered an environmental villain, this technology may have one more unexpected twist in store, inadvertently serving as a tool for accessing carbon-free electricity while undercutting costly alternatives like nuclear power. …
COMMENTARY: Oil Boom Conceals a Green Energy Jackpot Read More »
By Laila Kearney Baker Hughes to collaborate on 500-megawatt project Geothermal energy gains interest from Big Tech for AI power needs CTR’s Hell’s Kitchen project spans 4,500 acres near Salton Sea Baker Hughes to help raise capital for Hell’s Kitchen project NEW YORK, Sept 9 (Reuters) – U.S. oilfield services firm Baker Hughes (BKR.O) is …
Baker Hughes Joins Giant California Geothermal Power Project Read More »
By Ishika Mookerjee Clean energy projects focused on geothermal and nuclear power have the potential to unlock huge returns for investors, according to an executive at BlackRock Inc.’s Global Infrastructure Partners. “Geothermal is a part of energy dominance, nuclear is a part of energy dominance,” said Salim Samaha, head of transition fund at the infrastructure investor, which …
BlackRock’s GIP Sees ‘Enormous’ Opportunity in Geothermal Energy Read More »
Harnessing Earth’s Heat for a Sustainable Future Overview of Geothermal Energy in the United States Geothermal energy, derived from the natural heat stored beneath the Earth’s surface, has long been part of the United States’ diverse portfolio of renewable energy resources. This form of energy is reliable, sustainable, and capable of providing both electricity and …
The Senate’s tax bill would boost baseload electricity — including nuclear and geothermal power — while slashing incentives for intermittent sources. By Mark Chediak A cooling tower at a nuclear power plant in Middletown, Pennsylvania, in 2024. Photographer: Heather Khalifa/Bloomberg Senate Republicans would use their version of Donald Trump’s massive tax and spending bill to …
Senate GOP Favors Round-The-Clock Power Over Solar and Wind Read More »
By Valerie Volcovici WASHINGTON, May 30 (Reuters) – The U.S. Department of the Interior said on Friday it was implementing emergency permitting procedures to accelerate reviews of geothermal energy projects as part of President Donald Trump’s energy agenda. The projects that will be fast-tracked include three in Nevada led by Ormat (ORA.N), which received funding …
US Targets Geothermal Projects for Emergency Permitting Read More »
A geothermal power plant is seen in the distance through geological mudpots atop the San Andreas Fault in Calipatria, California (Reuters) – Geothermal energy in the Great Basin of Nevada and adjoining states could produce electricity equivalent to 10% of the current U.S. power supply, the U.S. Geological Survey said on Thursday. The projected 10% …
US Agency Says Geothermal Energy in Nevada’s Great Basin Could Play Larger role Read More »
The Biden administration on Monday took steps to protect the Ruby Mountains in northeast Nevada from oil, gas and geothermal development for 20 years. The Interior Department said it had approved an application by the U.S. Forest Service to withdraw 264,442 acres of federal lands in the Ruby Mountains from mineral and geothermal leasing. The …
US Agency Takes Steps to Protect Nevada Mountains from Energy Development Read More »
By Reuters Summary Trump has threatened to claw back unspent IRA money Electric vehicle rebates, gas emissions under fire Wind, solar may be untouched (Reuters) – President-elect Donald Trump has vowed to repeal Joe Biden’s signature climate bill called the Inflation Reduction Act, which initially aimed at some $400 billion in new spending and tax cuts …
Trump Aims at Biden’s Inflation Reduction Act: EVs, Clean Energy and Manufacturing Read More »
