Of the seven companies that submitted winning bids for geothermal leases, Invenergy Geothermal Development LLC acquired five leases, the most of the companies that successfully bid on the geothermal leases.
In The Driller Newscast #150, Brock Yordy celebrates a major milestone with a special episode that blends heartfelt storytelling with industry insight, with an appearance from his archnemesis, Bron.
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.
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).
Advances in technology such as directional drilling; fiber optic sensing; and hydraulic fracturing techniques from the oil and gas sector have “unlocked geothermal energy in places where it was previously impossible,” said Tim Latimer.
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.