Geothermal
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The Department of Energy (DOE) has awarded $475 million in funding for 5 projects that feature renewable development on former mining lands. The projects are located across Arizona, Kentucky, Nevada, Pennsylvania, and West Virginia.
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Quaise Energy has secured $21 million in series A1 funding led by Purdue Ventures and Safar Partners to expand its deep geothermal energy operations.
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Renewable energy company Ormat Technologies has inked a geothermal power purchase agreement (PPA) in Guadeloupe.
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Geothermal development and technology company Fervo has raised $244 million in funding led by shale oil and gas business Devon Energy.
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Construction giant Kajima has invested in a Canadian geothermal energy technology company, Eavor Technologies.
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US startup Sage Geosystems has raised $17 million in its Series A round, which will fund the construction of a 3MW commercial geopressured geothermal system (GGS) facility in Texas.
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The Department of Energy (DOE) has picked 3 projects that will receive up to $60 million to demonstrate the scalability of enhanced geothermal systems.
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Ormat Technologies and Hawaiian Electric have locked in a 46MW geothermal power purchase agreement (PPA) until 2052.
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The North American division of Italy’s Enel has closed on its $271 million sale of all US geothermal assets and several solar parks to Ormat Technologies.
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Renewable energy company Ormat Technologies has entered a 25-year power purchase agreement (PPA) with Dominica Electricity Services to develop a 10MW binary geothermal power plant.
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