Geothermal

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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.

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.

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 Fleming brothers have always had a knack for heavy equipment, and they brought with them skills that they learned outside the industry that gave them a bit of an edge.