Home » Archives by category » Green Business » Geothermal Energy

Enhanced Geothermal Roadmap Workshops

The Energy Efficiency and Renewable Energy agency (EERE) has announced a roadmap workshop for enhanced geothermal. It is inviting a select — small — group of subject matter experts to take part in this roadmap workshop in order to help develop a plan for how the country can proceed in developing its dry rock geothermal resources and enhancing existing geothermal resources.

Share on TwitterShare on TumblrSubmit to StumbleUponSave on DeliciousDigg ThisSubmit to redditShare via email

The European Space Agency is now accepting proposals from young researchers undertaking innovative research projects that are focused on understanding Earth’s systems.  This call for proposals is headlined under the Changing Earth Science Network Initiative. The Changing Earth Science Network Initiative, which was launched last year accommodates post-doctoral scientists for two years to undertake research [...]

Share on TwitterShare on TumblrSubmit to StumbleUponSave on DeliciousDigg ThisSubmit to redditShare via email
Continue reading …

Steven Chu, U.S. Department of Energy (DOE) Secretary has announced up to $338 million in Recovery Act funding for the exploration and development of new geothermal fields as well as for research into advanced geothermal technologies. The newly announced grants will be awarded to 123 projects in 39 states and will be matched more than one-for-one with an additional $353 million in private and non-Federal cost-share funds, for a total grant pool of $691 million. This is a pretty big number and represents a major investment in a promising and yet often overlooked renewable energy resource. Recipients of the new grant funding include private industry, academic institutions, tribal entities, local governments, and DOE’s National Laboratories.

Share on TwitterShare on TumblrSubmit to StumbleUponSave on DeliciousDigg ThisSubmit to redditShare via email
Continue reading …

U.S. Energy Secretary Steven Chu announced in Washington that the Department of Energy (DOE) will provide up to $750 million in new funding from the American Recovery and Reinvestment Act to help accelerate the development of renewable energy generation projects. This funding will be targeted to cover the cost of loan guarantees for renewable energy projects and could support as much as $4 to 8 billion in lending to eligible projects, and the Department will invite private sector participation to accelerate the financing of these renewable energy projects.

Share on TwitterShare on TumblrSubmit to StumbleUponSave on DeliciousDigg ThisSubmit to redditShare via email
Continue reading …

Fracking Geothermal

1 Comment

Seriously folks you read it right… fracking (an actual technical term for hydraulic fracturing) hot dry rock reservoirs has the potential to open up vast hot dry rock “heat” reservoirs for use as a reliable geothermal energy source. According to a 400 page MIT study The Future of Geothermal Energy sponsored by the Department of Energy (DOE) and published in 2007 the economically recoverable potential for “Heat Mining” in the US could grow to a cumulative installed generating capacity of 100GW in less than fifty years.

Share on TwitterShare on TumblrSubmit to StumbleUponSave on DeliciousDigg ThisSubmit to redditShare via email
Continue reading …

Speaking in Fort Wayne, Indiana where he was touring a manufacturer of geothermal heating pumps (GHPs) U.S. Energy Secretary Steven Chu announced nearly $50 million from the American Reinvestment and Recovery Act to advance the commercial deployment of this proven energy efficiency technology.

Share on TwitterShare on TumblrSubmit to StumbleUponSave on DeliciousDigg ThisSubmit to redditShare via email
Continue reading …

The Obama administration announced $350 million in stimulus funds to help expand geothermal resources and break down technological barriers. This is a huge jump in funding, dwarfing all previous government commitments and is more than all the funding for geothermal energy put together over the last 20 years. It also represents a dramatic reversal of previous trends of diminishing funding for this often overlooked renewable energy sector.

Share on TwitterShare on TumblrSubmit to StumbleUponSave on DeliciousDigg ThisSubmit to redditShare via email
Continue reading …

Geothermal heat pumps (GHPs), also known as ground-source heat pumps, are similar to ordinary heat pumps, but use the thermally stable mass of the earth below the ground instead of outside air to provide heating, air conditioning and, in most cases hot water as well. Because these systems use the earth’s natural reservoir of stable temperatures, they are among the most efficient and comfortable heating and cooling technologies around. GHPs can save substantial amounts of energy and significantly reduce peak demand in buildings that incorporate them.

Share on TwitterShare on TumblrSubmit to StumbleUponSave on DeliciousDigg ThisSubmit to redditShare via email
Continue reading …

A new report by the Geothermal Energy Association (GEA) shows that there has been strong growth in new geothermal power projects continuing into 2009. Since August 2008, here has been a 25% increase in new geothermal projects. There is also an increase in overall production potential by 35%. The report also notes that the number of states producing geothermal power has increased from 7 to 8 with the addition of Wyoming. The report identifies a total of 126 projects under development with the potential to put 5,500 MW of new geothermal power on line, equivalent to 15,000 MW – 20,000 MW from wind turbines or enough power for 5.5 million California homes.

Share on TwitterShare on TumblrSubmit to StumbleUponSave on DeliciousDigg ThisSubmit to redditShare via email
Continue reading …