All Entries in the "Featured" Category
Step up to the Trough: DOE adds $20 million to geothermal till for cutting-edge ideas
In Washington, the U.S. Department of Energy says it will add up to $20 million for research, development, and demonstration of cutting-edge geothermal technologies. The Department says the objective of this funding opportunity is to demonstrate the technical and economic feasibility of non-conventional geothermal energy technologies.
The research areas they would like explored include low-temperature [...]
Setting Geothermal Policies: Nations considering many paths to bolster the industry
In Australia, proposed changes to tax laws would allow the geothermal energy industry to write-off exploration costs. At the same time, Prime Minister Kevin Rudd’s decision to delay an emissions trading scheme has billions of investment in new power stations on hold because climate policy uncertainty is making financing impossible. In Indonesia, a Japanese engineering [...]
Bali Welcomes the World: South Pacific takes center stage at World Geothermal Congress
In Indonesia, the World Geothermal Conference drew participants from around the globe to the Bali International Convention Centre, while the host nation hopes to draw investment money for what everyone believes are richest and most extensive geothermal resources in the world. Attendees from the archipelago’s southern neighbor, New Zealand were there to highlight there extensive [...]
Buy Geothermal: Philippine geothermal company pick helps local students take world investment prize
In Hong Kong, the University of the Philippines won the fourth annual CFA Institute Global Investment Research Challenge (IRC), a worldwide competition that provides university students with real world experience in equity research and company analysis.
Competing against over 425 universities and 2,000 students from many of the world’s top finance schools, UP students Raymund [...]
Covering the Globe: Mitsubishi, Reykjavik Energy going global with GT development
In Japan and Iceland, Mitsubishi Heavy Industries (MHI) and Reykjavik Energy (Orkuveita Reykjavikur: OR) announced an agreement between the companies to jointly develop geothermal energy projects worldwide, particularly in Africa, Latin America and Asia. A memorandum of understanding was signed in Tokyo by Guolaugur Sverrisson, Chairman and Hjorleifur B. Kvaran, CEO of OR and Ichiro [...]
Mighty River making mighty moves: Opens Nga Awa Purua and plans first Chilean plant for 2013
In New Zealand, for Mighty River Power Ltd., the new Nga Awa Purua Geothermal Power Station, a joint venture between Mighty River Power and the Tauhara North No.2 Trust, is now fully operational at 140 MW. Reports also have the company planning to open its 70 MW joint venture in Chile by 2013.
The Nga Awa [...]
Healing Rift: African nations begin examining Rift Valley potential, with Kenya two steps ahead
In Africa, countries up and down the Rift Valley are at last taking a long, hard look at the potential for geothermal power production in the active spreading zone. Kenya, meanwhile, is done looking for potential, its looking for money – and finding it.
The Rift Valley, which actually gets its start in Syria in the [...]
Follow the money: $400 million Indonesia commitment has players scurrying
In Indonesia, the news came fast and furious over the week on the heels of a $400 million commitment by the World Bank’s Trust Fund Committee of the Clean Technology Fund (CTF) to help transform Indonesia’s use of renewable energy endorsed. The plan will use co-financing from the multilateral CTF to expand large-scale geothermal [...]
Energizing Native Lands: Many tribes moving forward with GT plans; one remains firmly against
In Washington this past week, the Office of Indian Energy and Economic Development awarded $3.7 million to tribes that are developing renewable energy resources for their communities. Over 60% of the money, $2.25 million, are for geothermal projects put forth by six tribes in California and South Dakota. However, also crossing this desk during [...]
Oiling geothermal: ViaLogy, Enel deal moves hydrocarbon technology into GT arena
In California, ViaLogy plc confirmed that it signed a contract with the North American unit of Enel Green Power to identify geothermal drilling locations in Nevada. John Mai, deputy to ViaLogy’s COO, confirmed that a deal was in place and that the company’s president, Robert Dean and other officials were in the UK finalizing the [...]
