XGS Energy’s Post

Geoscience Australia has released its 'Australian #Energy Commodity Resources' report for 2024, featuring an updated section on #geothermal energy. Check it out here: https://lnkd.in/gkQ_44xA Here are two key takeaways: "Geothermal energy resources represent one of the cleanest & most reliable commodities for energy generation. It has minimal wastes or pollutants and is essentially inexhaustible." "Recent breakthroughs in geothermal technology have the potential to significantly impact the future development of geothermal energy in Australia. These include improved efficiency in power generation, advancements in Enhanced Geothermal System technology, and the rapidly growing sector of Advanced Geothermal Systems, which utilise closed-loop technology to eliminate the need for permeable reservoirs." #RenewableEnergy #Sustainable #CleanEnergy

Geothermal energy, an abundant, clean, and reliable resource, is poised to substantially impact the shift toward sustainable energy, standing alongside solar, wind, and other renewables. While geothermal is most common in regions with volcanic activity and sedimentary basins, its versatility snowballs. With advancements in geothermal technology, its applications are expanding beyond electricity generation to include sustainable heating and cooling solutions, making it a weather-independent and cost-effective energy source. As we see increased deployment of variable sources like wind and solar, geothermal stability supports grid resilience, enhancing energy security in the clean energy landscape.

We now present to you ThinkGeoEnergy's annual "Top 10 Geothermal Countries", our reader's favorite overview based on installed ♨️ geothermal power generation capacity. Last year's global geothermal power capacity reached 16,873 MW ⚡ with a potential for further expansion through innovative tech and new projects in 2025 👏. AND we are also sharing our first ever ☝️ "Global Geothermal Power Snapshot" 🙌. A report offering deeper insights into the sector’s growth, trends, and key developments. You can download this for FREE 😎. This concise overview highlights: 🔸Top 10 geothermal countries and their contributions. 🔸Emerging technologies like EGS and AGS. 🔸Geothermal’s growing role in decarbonizing the energy sector. Check here for further details ➡️: https://lnkd.in/draeGFGd #Geothermal #PowerPlant #ThinkGeoEnergyTop10 #ThinkGeoEnergyMarketResearch #GeothermalPowerSnapShot2024 #RenewableEnergyResearch

Next-generation geothermal energy technologies will play an important role in achieving a 100 percent clean energy grid that is cost-effective and reliable. To unlock its full potential, the World Resources Institute outlined actionable recommendations for state and federal policymakers to foster the responsible development and commercialization of next-gen geothermal energy in its recent Issue Brief.    XGS’s Lucy Darago, Ph.D. participated in a WRI roundtable earlier this year to help inform the generation of this report. Thanks to Katrina McLaughlin, Joel Jaeger, Joseph Womble, Lori Bird and Karl Hausker for leading this effort. #geothermal #geothermalenergy #cleanenergy

#Geothermal energy is increasingly attracting #investors, driven by emerging technologies and its ability to deliver predictable, long-term, low-carbon heating and power. Our latest #sectornote shines the spotlight on geothermal #energy: historically overlooked due to high upfront costs and perceived risks. However, improved mitigation strategies and growing policy support, particularly in the #EU, are shifting attention toward this sector. Geothermal energy offers both #economic and #environmental advantages: 1.     It is #costcompetitive 2.     It is #dispatchable 3.     It has low lifecycle #emissions We see an especially compelling case for geothermal to decarbonise heating, where applications provide an energy-efficient, low-carbon solution to a challenging area of decarbonisation. In 2023, record investments of nearly $8 billion flowed into geothermal projects, highlighting the sector’s potential to deliver positive returns while supporting #netzero goals. Although pure-play geothermal public equity options are limited, initiatives from #oil and #gas companies and growing #policy frameworks point to a promising future. Geothermal energy is poised to play a critical role in the #cleanenergy transition, unlocking new opportunities for #decarbonisation and #growth. Read our latest sector note to discover what opportunities exist for investors, and reach out to our analysts Adam Forsyth and Max Campbell for a teach-in. 🌍⚡ Read here: https://lnkd.in/eyQz3-E5 #GeothermalEnergy #CleanEnergy #NetZero #EnergyTransition

Like #CORECHEM, HEET believes in a transition to clean energy NOW through systems change. This week, we’re inviting you to support the growth of #Geothermal networks by adding YOUR interest for a network in your area ♨️ The current map shows a widespread interest in #RenewableEnergy, reflecting the USA’s global leadership in geothermal energy production. However, there’s more work to do - and you can help. Drive positive change in your state. Get involved and help build the map 👉 https://lnkd.in/dytDSAaZ #ChemicalExpertise #GeothermalEnergy #MakeTheChange

Superhot rock #geothermal energy has the potential to meet long-term demands for zero-carbon, always-on power – but a number of technical hurdles stand in the way of development, deployment, and commercialization of this revolutionary energy source. Earlier this year, CATF + Geothermal Research Cluster - GEORG convened leaders from across the geothermal innovation space for a workshop at the Iceland Geothermal Conference to uncover gaps in five critical technology areas. The workshop dove into the details of reports outlining relevant technical advancements and remaining challenges for superhot rock energy deployment – information that will be invaluable in informing public and private funding.    This week, CATF is continuing to tackle the identified gaps to deploying superhot rock geothermal at the Superhot Rock Energy Summit, bringing together experts to develop a roadmap to deployment of this clean, firm energy source.    Learn more about this work: https://lnkd.in/e-CvV9eC 

Meta and Sage Geosystems Inc. Partner to Expand Geothermal Power in the U.S. Learn more & get our take 👇 https://lnkd.in/dx2GjnZ2 "Meta thanks the Department of Energy’s leadership on promoting and supporting the exploration of new energy sources like geothermal." — Urvi Parekh, Head of Renewable Energy at Meta "This announcement is the perfect example of how the public and private sector can work together to make the clean energy transition a reality." — Cindy D. Taff, CEO at Sage Geosystems "The Administration views this increased demand as a huge opportunity to add more clean, firm power to the grid and geothermal energy is a game-changer as we work to grow our clean power supply." — David Turk, U.S. Energy Deputy Secretary at U.S. #partnerships #geothermal #SoENews

Excellent note from Longspur Capital on geothermal energy. Star Energy Group plc projects in the UK will provide NHS hospitals with low carbon heat at predictable prices for generations. In Croatia, our three licences are in the prospective Panonian Basin with a significant amount of offset data. Huge opportunities for Star Energy Group plc, but also for the countries we operate in. Department for Energy Security and Net Zero, in the UK needs to recognise the role that geothermal can play in decarbonising heat and how that can help growth. In Croatia, the Croatian Hydrocarbon Agency has recognised the potential for geothermal energy and is making things happen! Miatta Fahnbulleh Kerry McCarthy - Labour MP for Bristol East Bill Esterson Claire Coutinho MP

#Energy & #Power Industry Insights 2024: Part 9 Geothermal Geothermal energy harnesses heat from the Earth’s interior to generate electricity and provide heating, with continued investment and technological advancements it could provide around 15% of global electricity demand by 2050 and in regions with geothermal resources the development of geothermal projects can create jobs and stimulate local economies. Feel free to share your thoughts, questions or suggestions on any specific topic. Swipe below for 2024’s key developments in Geothermal and thank you for following this nine-part series and joining the conversation on the evolving landscape of energy and power. #IndustryHighlights #Geothermal #APACInsights #OurJacobs Aaron Hochwimmer, Alistair Scott-Farris, Alex Batten, Matthew Loughnan