Articles Tagged with ''geothermal energy''

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. 

The company recently completed a successful field test of its Thermal Reach Enhancement (TRE) technology and is now operating its first commercial-scale geothermal well in California.

In a major step toward clean energy adoption, two rural school districts in Colorado have been awarded funding through a state program supporting the use of geothermal energy for heating and cooling.

With state funding now secured, Pueblo’s fire station project and other geothermal initiatives will move forward in the coming months.

As ground source heat pumps represent just 1% of current market share despite offering up to 8x greater efficiency than traditional systems, industry experts gathered to address the challenges holding back widespread adoption.