Geothermal energy has long been recognized as a reliable and sustainable source of power but has struggled to gain widespread adoption due to high upfront costs and limited access to suitable geological formations. However, a new generation of startups is shaking up the geothermal industry with innovative technology and business models that could make it a more attractive option for investors and utilities. According to an article by Power Magazine, one such startup, Eavor Technologies, has developed a closed-loop geothermal system that eliminates the need for drilling into specific geological formations. Instead, Eavor’s system circulates water through a network of underground wells, using the natural heat of the earth to generate steam and power turbines. This system can be deployed in a wide range of locations, making geothermal power accessible to many more communities and industries.

Energy News Network published an article stating the U.S. Department of Energy pledged $1 billion to expand Puerto Rico’s solar energy systems. The island is striving to become less reliant on fossil fuels and integrate a more renewable source of energy into their grid.

Alexis Massol González, founder of solar project Casa Pueblo, is hopeful that the funds are funnelled to independent solar projects, as it would boost local energy autonomy and establish a more reliable source of power during natural disasters.

Casa Pueblo, according to Massol González, became an “energy oasis” during the fallout of Hurricane María in 2017, as people could use energy from the solar panels to make phone calls.

Energi Media recently featured Eavor’s director of business development, Paul Cairns, in an article about energy transitions in Alberta. CEO of Energi Media, Markham Hislop, spotlighted three clean energy stories in the article, highlighting Eavor’s technology and how it adopts methods that were created by the oil and gas sector for geothermal. It also gave context to Eavor’s motivation to provide a scalable, baseload or dispatchable source of clean energy that does not suffer from the same shortcomings of traditional geothermal or Enhanced Geothermal Systems. “There’s been lots and lots of time and energy put into extracting hot water from the earth, pulling that heat energy out of the water to make electricity or heating. It’s been done for a very long period of time,” said Cairns in the interview.

The National Renewable Energy Laboratory published a comprehensive report on the uses of and momentum behind the rising wave of next-generation geothermal. Written by NREL’s communication project manager Kelly MacGregor, the article is a culmination of six months of immersive research into the world of geothermal and the current projects underway at NREL. Complete with educational infographics, photos of real-world geothermal technology in use, and plenty of blue links to satisfy thoroughly curious readers, the article delves into great detail about the uses, old and new, of earth-based energy. NREL is a laboratory under the US Department of Energy, Office of Energy Efficiency and Rewenable Energy, and managed by the Alliance for Sustainable Energy LLC. With six national centres and collaborative research facilities across America, 16 research programs involving projects from bioenergy to grid modernization, and nearly 700 patents for proprietary technologies, NREL is undoubtedly a leading energy science institution.

Eavor Senior Geologist Lynette Liston was recently awarded the prestigious Women in Energy Transformation award for her outstanding work. This award recognizes women who have made significant contributions to the energy sector, including the development and implementation of sustainable energy solutions. It highlights her exceptional contributions to the energy sector and her motivation to improve quality of life for people around the world. “The energy transition is important to me because a lower carbon, reliable, local baseload energy source could safely help reduce energy poverty—and literally empower nations,” said Liston in an interview with Women in Energy Transformations. Liston has accumulated a wide variety of skill sets from working in geology technology, leadership roles, and cross discipline roles with commercial and strategy teams. Her previous work experience in the Exploration and Production Industry involved on and off-shore projects, where she explored conventional and unconventional methods within the industry.

Singapore-based luxury lifestyle magazine The Peak featured a piece on the impact of investment venture capitalist Dr. Finian Tan, and his opinion on why supporting change-makers is necessary – and profitable. Since 1984, The Peak Magazine has specialized in publishing profiles and interviews with “C-suite executives, captains of industry and successful entrepreneurs in Singapore.” Dr. Finian Tan is no exception to the high calibre criteria, having worked as the Deputy Secretary of Trade and Industry for the government of Singapore, the Asian trading arm of Goldman Sachs, and other major venture capital firms. Dr. Tan’s long career in investing has left him an expert in the field, no stranger to the tenets of exponential growth and calculated risk. However, unlike many in the investment industry, Dr. Tan also recognizes the great importance of “investments in sustainable and inclusive growth areas that create paths towards a healthier planet and society.”