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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Private investment energy firm X Machina Capital (XMC) will merge its portfolio company Gradient Geothermal with Denver, Colorado-based geothermal company Transitional Energy.
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Fervo Energy, a geothermal technology company, has begun construction on its Utah-based Cape Station exploration project. The geothermal energy project is set to deliver 400MW of green electricity beginning in 2026 and reaching full scale in 2028.
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DIF Capital Partners (DIF) has signed an agreement to acquire a 75% interest in Canadian geothermal energy company Diverso Energy.
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Geothermal Core and GEG have teamed up to originate and develop the first utility-scale geothermal power plant in Texas.
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British geoscience company Getech and Canadian geothermal firm Eavor Technologies have signed a Strategic Collaboration Agreement to jointly locate and de-risk geothermal projects across Latin America.
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Fervo Energy has signed a 15-year PPA to provide carbon-free geothermal power to a group of 9 California-based community choice aggregators (CCAs).
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Fervo Energy has raised $138 million in a new funding round to support the company’s geothermal portfolio and development pipeline.
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Ormat Technologies has signed a power purchase agreement with a joint powers agency in California for up to 125 MW of geothermal generation from projects in Nevada and California.
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Ormat Technologies has signed two power purchase agreements with NV Energy to procure up to 160 MW of geothermal energy for the Nevadan utility.
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Nevada utility NV Energy has issued a new request for proposals for the procurement of solar, hydroelectric, geothermal, wind, biomass and biogas facilities.
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