Geothermal - Page 8 of 41 - New Energy Events

Dominica signs USD 12 million deal with Iceland Drilling Company for two new geothermal wells
February 26, 2022
Dominica signed a $12.5 million contract with the Iceland Drilling Company to drill two new geothermal wells in the country. The majority of funding comes from UK grants. Source: Think Geo Energy
Quaise Energy Raises USD 63 Million For New Geothermal Drilling Technology
February 11, 2022
The geothermal start-up Quaise Energy has raised $63 million to deploy a new drilling technology to unleash the earth’s hardest-to-reach heat resources. Safar Partners, Prelude Ventures, the Engine, and other investors provided $40 million. The U.S. Department of Energy’s Advanced Research Projects Agency-Energy (ARPA-E) provided a grant of $5 million. Source: Canary Media
Dominica Discusses Energy Supply Agreements with Martinique
February 9, 2022
The Dominica Geothermal Development Company is finalizing the construction of a geothermal plant that will provide baseload power to the island. Meanwhile, the Government of Dominica discusses supplying geothermal energy to Martinique at what is described as a competitive price. Source: Think Geo Energy
Colombia’s Ministry of Mines and Energy Proposes Governing Requirements for Exploration of Geothermal Resources
January 28, 2022
Colombia’s Ministry of Mines and Energy published draft guidelines governing the exploration, exploitation, and registration of geothermal resources. Source: Ministry of Mines & Energy, Colombia (In Spanish)
Kenesjay Green Ltd & CREAD Launch the Green Hydrogen Country Assessment for Dominica
January 28, 2022
Kenesjay Green Ltd (KGL), a Trinidad-based company, completing a Green Hydrogen Country Assessment for Dominica. Working alongside the Climate Resilience Execution Agency for Dominica (CREAD), the assessment will help create a plan to utilize Dominica’s geothermal resources and build long-term resilience into the national economy. Source: Fuel Cell Works
CEGA Uses FIC-R Award to Develop Low-Temperature Geothermal Energy Project
January 17, 2022
After being awarded the Innovation Fund for Regional Competitiveness (FIC-R), The Center of Excellence in Geothermal Energy of the Andes (CEGA) plans to expand its implementation of projects for the use of low-temperature geothermal energy. One of the projects they’re developing will use shallow geothermal energy and operate at one of the lowest costs in […]
Top 10 Geothermal Countries Based on Installed Power Generation Capacity
January 11, 2022
ThinkGeoEnergy published a list of the top 10 geothermal countries in 2021 based on installed power generation capacity. Mexico is on the list at number six with no gain or loss of power generation capacity from the year before. Colombia is a geothermal-newcomer and helped contribute to the 2021 overall generation capacity of 15,854 MW […]
Chile and Bolivia resume dialogue for possible electricity integration
January 5, 2022
Representatives of the Ministries of Energy of Chile and Bolivia have resumed talks to develop an electrical interconnection study, which will be financed by the Inter-American Development Bank (IDB). The geothermal industry is a potential big winner. Source: ThinkGeoEnergy
Costa Rica Submits Geothermal Direct Use Legislation for Consultation
December 9, 2021
Costa Rica is in an important position to begin increasing their direct use of Geothermal resources. However, due to barriers like the lack of a nationwide regulatory framework, the significant potential for geothermal direct use in Costa Rica remains at arm’s length. In response, the Ministry of Environment and Energy (MINAE) invited stakeholders and other […]