An article in Semafor describes the evolving circumstance of leasing land for geothermal energy development in the U.S. Despite geothermal’s potential to provide reliable, low-emission energy, the Utah auction saw only one of three plots receive bids. Ormat Technologies, a Nevada-based energy developer, secured the lease for just $2 per acre. Analysts attribute the lacklustre outcome to the plots’ remote, mountainous location and relatively low geothermal temperatures, which can limit economic viability.

A detailed report from the Daily Oil Bulletin highlights how Eavor’s cost estimates could surpass the growth projections made by major energy forecasters. While institutions such as the International Energy Agency (IEA), Shell, and Wood Mackenzie predict moderate growth in geothermal capacity, Eavor’s technological innovations suggest that the sector could experience more significant expansion than previously anticipated.

A Globe and Mail feature article recently indicated a persistent challenge for Canadian cleantech startups: difficulty securing financial backing within Canada. Eavor, like many others, was pushed to seek international investments to scale its operations.

A recent BBC article discusses how next-generation geothermal companies, such as Eavor, are overcoming the challenge of tapping into the earth’s near-limitless energy.

A recent report from Heatmap indicates geothermal energy’s unique bipartisan appeal in the U.S. and how it can be an energy solution that transcends ideological divides. “Geothermal has something to offer everyone,” said Aidan Mackenzie, a fellow at the Institute for Progress, to Heatmap.

CALGARY, Alberta, Canada – In a new report, the International Energy Agency’s (IEA) makes clear geothermal energy’s potential to contribute to a 100% clean energy grid. The report highlights how innovations in enhanced geothermal systems (EGS), advanced geothermal systems (AGS), and superhot rock technologies are expanding the accessibility and scalability of geothermal power across the globe.