Palo Alto’s XGS Energy has acquired Capuano Engineering to strengthen its geothermal capabilities, with both companies aiming to advance large-scale geothermal projects globally.
The EPA’s recent climate study underscores the significant role that greenhouse gases play in driving climate change and highlights the urgent need for action.
The DOE's roadmap for expanding geothermal energy to 90 gigawatts by 2050 presents a significant opportunity for the drilling industry to lead in the clean energy transition.
The Inflation Reduction Act represents a historic investment in the United States' clean energy future. For the drilling industry, it offers numerous opportunities to engage in renewable energy projects, improve infrastructure resilience, and contribute to environmental sustainability.
The expansion of the geothermal heating project in Grünwald, Germany, backed by €62.3 million in federal funding, sets a significant precedent for geothermal drilling and energy projects worldwide, with potential ripple effects in both Germany and the U.S.
Contact Energy’s Tauhara geothermal power plant in New Zealand has commenced operations at 130 MW, with future expansions set to make it the world’s largest single shaft geothermal turbine, signaling significant growth for geothermal energy in the region.
New research at British Columbia's Mount Meager and Mount Cayley is opening doors for significant geothermal drilling opportunities in Canada, driven by advancements in understanding geothermal potential and attracting new investments.
The Department of Defense's initiative to enhance energy resilience through geothermal projects at military installations could significantly boost business opportunities for geothermal drillers.