much as 40% of the region’s energy needs can be supplied by geothermal energy stored deep in the earth. echXplore.com recently published a press release detailing the results of the study, commissioned by the Bavarian Ministry of Economic Affairs, Regional Development and Energy, and executed by Geothermal-Alliance Bavaria, a local research association. researchers indicate high levels of geothermal energy stored up to 5km below the earth’s surface in southern Bavaria.

he estimated 23.7GW of geothermal energy potential across 300+ sites spanning the country. eported in early December that a verified hotspot for geothermal energy on the eastern end of the island chain will soon be open for development bids, with more areas to follow.

Summit Nanotech, an Albertan green tech organization founded in 2018 made headlines in the Calgary Herald recently after closing a second round of investment funding totaling $67 million. Chris Varcoe, a columnist covering all things Canadian energy for the Calgary Herald reported on the win for Summit Nanotech the same day the company announcement was made and interviewed CEO and founder Amanda Hall for the column.

The country of Taiwan recently hosted its first international conference on geothermal energy. On Monday, January 9, 400 virtual and in-person visitors attended the conference in Taipei City, aimed at highlighting the nation’s geothermal advancements in light of the global energy transition. Taiwan’s Ministry of Economic Affairs financed the event and the Taiwan Geothermal Association coordinated a full day of speeches and presentations from local and international organizations. One such presentation came from the Taiwanese government and detailed the federal incentive programs for geothermal development, regulatory amendments such as simplifying permit acquisition processes, and unveiled 10 geothermal hot spots around the island with potential for resource development.

Japanese electricity giant Chubu Electric is gunning to lead the charge when it comes to decarbonization and cleantech, both at home and abroad. Rechargenews.com secured an exclusive interview with Chubu’s global business division CEO Hiroki Sato, who expressed immense optimism about the company’s growth into international markets and emerging industries in the energy sector.

Category leader in next-generation geothermal energy, Eavor Technologies, is announcing a Strategic Collaboration Agreement with green energy company Getech group. Getech is an international company specializing in advancing the clean energy transition with world-class geoscience data and proprietary Heat Seeker™ software. The company’s revolutionary approach to energy generation is designed to bypass risks, costs, and exploration time associated with traditional geo-energy extraction methods.