Latest News for: Geothermal investment

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Geothermal power heats up

Popular Science 18 Apr 2024
The Nesjavellir Geothermal Power Station. Geothermal power has long been popular in volcanic countries like Iceland, where hot water bubbles from the ground ... “But now that we’re moving towards a carbon-free grid, geothermal is very important.”.
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Geothermal could revolutionize American energy. Will polarization threaten its rise?

The Hill 13 Apr 2024
While oil, gas, wind and solar all managed to grab major federal investment in the Inflation Reduction Act, while geothermal was largely excluded.
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ADB trims 2024 PH growth forecast

The Manila Times 12 Apr 2024
Increasing private investment in important sectors like green and resilient energy is also crucial for improving the business environment, it added ... This will also necessitate investments in energy ...
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SM eyes continued business expansion

The Manila Times 10 Apr 2024
SM Investments Corp ... It also has portfolio investments in other sectors including leisure, logistics, geothermal steam production, food manufacturing, and mining ... SM Investments' share price closed 0.51 percent lower at P970 on Monday.
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Latin American Geothermal Investments Set to Surge

Oil Price 09 Apr 2024
Latin America boasts abundant geothermal energy resources, offering a ... Rystad Energy forecasts show geothermal… .
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Kenya strives towards meeting its NDC targets

Blitz 03 Apr 2024
In the energy sector, Kenya aims to transition towards renewable energy sources like wind, solar, and geothermal, not only to reduce its carbon footprint but also to ensure energy security ... Investments ...
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Geothermal Heat: An Untapped Alternative to Gas

Hungary Today 02 Apr 2024
Geothermal energy is a suitable alternative to gas in Hungary, said one expert in response to the suggestion that Hungary could heat with geothermal energy instead of natural gas ... Shallow geothermal probes also have many advantages.
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Unlocking the potential: Why converting to geothermal HVAC systems is a game-changer for homes and businesses

Business Journal 02 Apr 2024
We'll explore why transitioning to geothermal proves to be a savvy investment for homeowners and ...
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US aiming to ‘crack the code’ on deploying geothermal energy at scale

The Guardian 02 Apr 2024
Recent $74m investment made alongside assessment that 10% of electricity could be generated by geothermal by 2050 A limitless supply of ...
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SM's PGPC empowers women of Tiwi through livelihood

The Manila Times 01 Apr 2024
(PGPC), a part of SM's portfolio investments, has been enabling communities in Tiwi, Albay since the 1970s when it started geothermal development in the area through its predecessor, Philippine Geothermal Inc.
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SM Group’s geothermal unit provides Tiwi women with livelihood

Manila Standard 31 Mar 2024
(PGPC), a part of SM’s portfolio investments, said it has been enabling ...
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Dig deep: U.S. bets on geothermal to become renewable powerhouse

Raw Story 25 Mar 2024
To ramp up production, the US government has invested more than $200 million since 2018 in an experimental site in Utah involving the drilling of exceptionally deep wells -- an approach different from the traditional, near-surface geothermal energy.
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US Needs As Much As $250B to Reach 2050 Geothermal Potential: DOE

Rigzone 25 Mar 2024
The DOE estimates that the U.S. needs to invest $225–250 billion to reach a potential 90 GW of geothermal generation by 2050 ... .
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