Newsroom

Texas survey shows growing support for next-generation geothermal and other renewables

A recent report released by the University of Houston Hobby School of Public Affairs reveals how Texan poll respondents feel about renewable and traditional energy sources in the state. The poll included questions about conventional oil and gas, as well as the emerging industries of solar, wind, nuclear, and geothermal, and aimed to gauge how Texan’s see their role in the evolving energy sector following more than 20 years of grid instability. Well-known for being a ‘red’ republican state, the polls showed – what some may consider surprisingly – positive attitudes toward expanding renewable energy sources, with 64% in favour of solar expansion, 57% supporting wind farm and hydroelectric dam growth, 42% in favour of increasing nuclear plants, and 59% supporting geothermal expansion.

Read More »

More money, fewer problems: European venture capitalists aim to inject millions of euros into climate, clean, and green tech industries

2022 proved to be a fruitful year for European venture capital funds, according to an article by Amy Lewin and Sadia Nowshin of Sifted.eu. Last year, more than €23.3 billion was raised by both established and up-and-coming venture capitalists. Unsurprisingly (but nonetheless encouraging), funds and firms are eyeing climate tech projects and start-ups as promising and politically prioritized investments. The European Union has committed to reducing emissions by 55% from 1990 levels by the end of the decade, and becoming the world’s first net-zero continent by 2050. Other European nations outside the EU have their own climate goals, including the United Kingdom, Turkey, Switzerland, and Norway. These commitments spell more than just positive change for the environment. For venture capitalists, they signal the start of a new global industry in need of financing now, with the potential for exponential returns in the future.

Read More »

Geothermal Rising announces new Executive Director

Non-profit green energy think-tank Geothermal Rising appointed Bryant Jones as the new Executive Director on Tuesday, February 14th in a press release published on their website. Jones has studied the intersection of science and technology, policy, and energy transition over the last 5 years. His fifteen years of political experience gave him special insight into how advocacy groups influence the creation of industry narratives and boundaries, and subsequently, shape emerging relevant policies and regulations, a topic he explored during his 7 years at Boise State University. “I am excited to be part of a community that has the solutions we need to avert and drawdown the climate crisis while simultaneously transitioning the hydrocarbon workforce, skills and knowledge into the clean energy economy,” said Bryant.

Read More »

Prime Time for next-generation geothermal has arrived, and Germany wants to capitalize

An early January article from German international news outlet Deutsche Welle (DW) theorizes the Golden Age of Geothermal may be upon us. Journalist Gero Rueter’s take on the topic is a well-versed one. Rueter has worked for DW for over 20 years, during which he developed and published a magazine focused on European Environmental reporting and news. With a spotlight on the potential for deep geothermal energy, Rueter notes that China is by far the largest producer of deep geothermal, with an output of 14 GW. Turkey, Japan, and Iceland follow, with 3, 2, and 2 GW of output respectively.

Read More »

A new study estimates as much as 40% of Bavaria’s energy needs can be supplied by geothermal energy.

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.

Read More »

Get In The Loop