Geothermal energy continues to receive renewed interest in Canada. As a global energy leader lacking in its geothermal development, the industry is poised for a breakthrough.
The UK Parliament recently published a study on Geothermal Energy. The study provides a broad overview of where the UK views the potential for geothermal, in light of advancements in technology.
In the race to 24/7 Carbon-Free Energy, is Canada’s Energy Security at risk? The recent conflict between Ukraine and Russia has brought energy security to the forefront. Canada’s energy sector has had a tumultuous few years, seeing oil and gas prices plummet, resulting in an emergency meeting to stabilize oil prices, lack of appropriate investment into local energy tech, and political tension around cross border pipelines.
A recent press release issued in Washington, DC, included an announcement by US senators Jacky Rosen and Catherine Cortez Masto wherein they sent a letter to the Chair and Ranking Member of the Senate Appropriations Subcommittee on Energy and Water Development asking them to support the President’s request to include more than $200 million in the Fiscal Year 2023 budget for the Department of Energy’s (DOE) Geothermal Technologies Office to support a reliable, clean energy source for the United States.
Eavor was recently featured in St Vincent Times regarding a new approach to a geothermal project that was previously shelved due to a lack of economic feasibility and low permeability of the resource.
Like oil and gas, the next generation of the world’s energy supply is buried deep underground. Technologies within geothermal have long been analyzed, and in many cases, have not been pursued based on an array of risk factors and efficiency. The traditional energy sector has given the world so much, most notably the technology and expertise to extract heat from the Earth that can be transformed into 24/7 carbon-free energy.
