Trial initiative aims to address the weak point of geothermal energy.
A new initiative from a group of veterans in the oil industry aims to rejuvenate one of California’s pivotal clean energy resources amidst a decline in terminal facilities. Greenfire Energy announced on Thursday that it is reviving operations at the Geysers, known as the largest geothermal power plant globally, which has been in steady decline […]
Biden expands wind and solar tax credit to nuclear, hydropower, geothermal energy
The Biden administration on Tuesday finalized guidance that would expand tax credits that previously applied only to wind and solar power to a variety of other energy technologies. Under new guidance issued on Tuesday, producers of electricity from sources such as nuclear, geothermal, hydro and ocean wave energy will also be able to claim credits. […]
House passes bill to bolster geothermal energy production by increasing lease sale frequency
A bipartisan group of lawmakers passed a bill in the House of Representatives that would boost geothermal energy production by increasing the frequency of lease sales. The Commit Lease Now for Energy Access Act (CLEAN), passed by the House of Representatives on Tuesday, amends the Geothermal Steam Act of 1970 to require the Department of […]
Biden gives geothermal a boost
{beacon} energy and environment energy and environment Full text Biden administration announces $2 billion in funding to strengthen power grid The Biden administration on Friday announced $2 billion in funding for projects to strengthen the resilience of the U.S. power grid against extreme weather events, a concern raised by two consecutive major hurricanes in […]
Big Oil, clean energy chart future of geothermal energy
HOUSTON — America's new clean-energy future could be built on an unlikely foundation: the technology and experience of big oil companies. At least, that's the hope of representatives of big oil companies, tech startups, scientists and climate groups meeting in Houston this week to launch a series of $10 million summits. Their goal: to use […]
Colorado eyes geothermal expansion
Colorado has long relied on high altitude sunlight and winter winds as a source of energy. Currently, the governor of Colorado is Jared Polis (D) is determined to harness another renewable resource — one smoldering beneath the Centennial State’s surface. “The low-cost mainstays of the clean energy economy have always been solar and wind energy, […]