By James Osborne WASHINGTON — Oil companies have been drilling holes in the ground for close to a century, burrowing through miles of rock to access an energy source deep underground. So, with a new wave of geothermal startups feet beneath the earth’s surface, where temperatures run over 300 degrees Fahrenheit, oil companies would seem a […]
Recent $74m investment made alongside assessment that 10% of electricity could be generated by geothermal by 2050. A limitless supply of heat exists beneath our feet within the Earth’s crust, but harnessing it at scale has proved challenging. Now, a combination of new techniques, government support and the pressing need to secure continuous clean power […]
Texas has become an early hot spot for geothermal energy exploration as scores of former oil industry workers and executives are taking their knowledge to a new energy source. This is the second of a three-part series on emerging energy sources and Texas’ role in developing them. Part one, on hydrogen fuel, published on Monday; part […]
Advances in next-generation geothermal have policymakers and investors excited about the tech’s promise of “clean, firm” power — though many barriers remain. Earth’s interior contains an inexhaustible supply of heat, its many layers continuously warmed by the furnace-like core of our planet. For millennia, humans have tapped into this abundance for cooking food and keeping warm. […]
Sage Geosystems is set to change Texas’s energy landscape with its EarthStore system, marking a significant shift towards cost-effective renewable energy. Founded by ex-Shell experts, Sage Geosystems is on a mission to revolutionize Texas’s energy landscape through geothermal innovation. In February, the company announced a significant $17 million Series A funding round, earmarked for the […]
Oklahoma City’s Devon Energy has invested more funds into geothermal development, helping Houston’s geothermal company Fervo Energy raise $244 million in its latest funding round. The funds will finance the geothermal company’s next phase of growth as it puts to use oil and gas technology and techniques to scale geothermal energy. “Demand for around-the-clock clean […]
Sage Geosystems plans to build a three megawatt geothermal energy storage facility dubbed EarthStore in Texas. A Houston-based startup plans to build what it called a “first of its kind” geothermal energy storage project in Texas. Sage Geosystems plans to build a three-megawatt geothermal facility dubbed EarthStore, the company announced last week. The project would […]
Innovative geothermal energy generation solutions, like those the Department of the Air Force is considering for Joint Base San Antonio and Mountain Home Air Force Base, Idaho, emit little to no carbon dioxide and can leverage an installation’s goals for clean energy production and increased resiliency.Bureau of Land Management Looking for ways to secure its energy […]
The Air Force is taking steps towards starting a geothermal plant at Joint Base San Antonio, Texas, as part of a larger effort to make the branch’s energy infrastructure more resilient and sustainable. If the effort is successful, it could pave the way for geothermal energy at other Air Force installations. “If we can prove […]
Injects US$10 million into startup Fervo Energy Bloomberg NewsMitchell FermanPublished Apr 18, 2023 Devon Energy Corp. is investing in a geothermal startup as the shale giant expands into renewable energy sources. Devon, a pioneer of the shale revolution that resuscitated U.S. oil and natural gas production, will inject US$10 million into Fervo Energy, the companies […]
