Articles Tagged with ''geothermal energy''

The integration of thermal storage with geothermal energy exemplifies how innovation can address pressing challenges in energy management.

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In this episode of The Driller Newscast, Host Brock Yordy dives into the so-called “Big Beautiful Bill” making waves in Washington—legislation with major implications for the drilling, HVAC, and geothermal industries.

As electricity demand surges from AI, data centers, and electrification efforts, that kind of firm, carbon-free energy could be exactly what the grid needs.

Among the first to benefit from the accelerated review process are three geothermal projects in Nevada, all led by Ormat Nevada, Inc.

In addition to geothermal energy, the different types of energy producers eligible for such tax credits for calendar year 2025 include wind, closed-loop biomass, open-loop biomass, solar energy, municipal solid waste, qualified hydropower production, and marine and hydrokinetic renewable energy.

The IRA contains a provision called the “production tax credit” (PTC) that allows taxpayers to deduct a percentage of the cost of renewable energy systems from their federal taxes, according to the Environmental Protection Agency (EPA).

The Geothermal Drillers Association (GDA) is a member-driven nonprofit founded by drillers for the advancement of drillers, promoting professionalism in the geothermal drilling industry through access to educational, safety, and business resources.

The growth stats are impressive: NY-GEO’s membership has tripled since 2014, and federal projections point to 80 million homes with ground source systems by 2050. 

If we want the industry to grow without stepping on toes or wasting time, we need to rethink how we approach engineering and execution.