Geothermal – Oil & Gas 360

Constellation Energy to buy Calpine in blockbuster $16.4 billion U.S. power deal

January 10, 2025

(CNBC)– U.S. nuclear power provider Constellation Energy on Friday agreed to buy privately held natural gas and geothermal company Calpine Corp for $16.4 billion, marking one of the biggest acquisitions in the history of the U.S. power industry. The cash-and-stock deal comes at a time of rising electricity demand, driven by the proliferation of energy-guzzling AI data centers and the electrification of transportation

Could Texas become a geothermal energy hub?

January 2, 2025

(Oil Price) – Geothermal could soon be the hottest new thing in the United States energy mix. The naturally clean energy source has traditionally enjoyed broad bipartisan support in the United States, which is an increasingly impressive feat for any item of legislative interest. But while geothermal has a lot of things going for it – zero emissions, constant productivity – but it

Geothermal energy could help power AI data centers

December 23, 2024

(World Oil) – Technology giants are partnering with geothermal start-ups as they seek to power their energy-intensive data centers with clean but reliable power sources. Several deals have been struck over the past year as Big Tech is looking to boast low-emission profiles of its energy use. The other 24/7 low-carbon energy comes from nuclear power generation, and deals have been

IEA: Fracking could play a crucial role in advancing geothermal energy

December 13, 2024

(Oil Price) – Fracking techniques perfected in the U.S. shale patch could help drill for deeper and hotter geothermal energy resources and slash geothermal costs to make this low-carbon energy source competitive to other clean energy solutions, the International Energy Agency (IEA) said on Friday. Recent advances in horizontal drilling and hydraulic fracturing, “honed through oil and gas developments in North America,” are

Gradient, Chord Energy launch geothermal project for Williston basin oil and gas assets

December 5, 2024

(World Oil) – Gradient Geothermal, a Denver, Colorado-based company that generates geothermal energy derived from existing oil and gas production and infrastructure, will provide Chord Energy, an independent North American oil and gas exploration and production entity, geothermal power generation and fluid cooling services. This first of its kind deployment of Gradient Geothermal’s proprietary technology removes heat from produced fluids and

RRC announces public comment on new proposed rules for geothermal energy

October 3, 2024

(World Oil) – Texas has been at the forefront of energy regulation and innovation for more than a century, and the RRC has new proposed rules for public comment to administer legislation in the geothermal energy front in Texas. Senate Bill 786 transfers regulatory authority of closed-loop geothermal injection wells from the Texas Commission on Environmental Quality to the Railroad

Exclusive: GTO Technologies at EnerCom Denver-The Energy Investment Conference 2024

September 3, 2024

Oil and Gas 360 Publisher’s Note: You can view the EnerCom Denver—The Energy Investment Conference and the Energy Transition and Emerging Technologies Series presenter replays for a limited time. GTO Technologies is a Colorado School of Mines startup that is dedicated to creating and commercializing technologies required to make baseload carbon-free electricity a reality. GTO Technologies is developing technologies that

Exclusive: Gradient Geothermal at EnerCom Denver-The Energy Investment Conference 2024

August 27, 2024

Oil and Gas 360 Publisher’s Note: You can view the EnerCom Denver—The Energy Investment Conference and the Energy Transition and Emerging Technologies Series presenter replays for a limited time. Geothermal energy is clean, renewable, and most importantly baseload. Gradient Geothermal Inc, formed by the combined expertise of Transitional Energy LLC and X Machina Sustainable Technologies Inc., is based in Denver,

Exclusive: GTO Technologies Executive Interview with EnerCom

August 16, 2024

Oil and Gas 360 Publisher’s Note: Jim Felton with EnerCom sat down with GTO Technologies and spoke with Colorado School of Mines Research Professor Dr. Will Fleckenstein to talk about how his experience as a petroleum engineer led him and his partners to devise new approaches to heat exchange downhole. Together they formed GTO Technology to focus on the hundreds of

Exclusive: Gradient Geothermal Executive Interview with EnerCom

August 9, 2024

Publisher’s Note: Jim Felton with EnerCom sat down with Gradient Geothermal, Chief Executive Officer, Ben Burke to discuss how Gradient is helping clients take heat waste coming out of the well or from processing at the surface to turn that into a value add as power generation or on-site use of thermal energy itself. Gradient Geothermal Inc, formed by the combined

U.S. Energy Dept eyes $165 mln investment in geothermal, oil and gas group

July 28, 2022

Nasdaq The U.S. Department of Energy is planning up to a $165 million new investment in a geothermal power initiative that would utilize expertise from the oil and gas industry to unlock energy resources and move away from fossil fuels. Geothermal energy, which taps into heat within the earth, currently makes up less than 1% of the U.S. energy mix.

Chevron and BP back renewable start-up focused on geothermal energy

February 16, 2021

CNBC Canada-based geothermal company Eavor Technologies on Tuesday announced a $40 million funding round that included participation from BP Ventures and Chevron Technology Ventures as big oil companies increase investments in renewable energy. Geothermal power is renewable energy produced from underground heat. The U.S. Department of Energy calls geothermal a “vital clean energy resource,” noting that it emits little to

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