Injects US$10 million into startup Fervo Energy Bloomberg NewsMitchell FermanPublished Apr 18, 2023 Devon Energy Corp. is investing in a geothermal startup as the shale giant expands into renewable energy sources. Devon, a pioneer of the shale revolution that resuscitated U.S. oil and natural gas production, will inject US$10 million into Fervo Energy, the companies […]
The State of Texas is blessed with abundant natural energy resources … including geothermal heat. All of our energy resources require exploration before production, and equipment to harvest them which can present significant capital hurdles. That’s where TX-PACE (Texas Property Assessed Clean Energy) financing can help. In 2013 the Texas Legislature passed, and Governor Perry […]
Sage Geosystems says its earthen “battery” system, now undergoing pilot tests in Texas, could be used to store energy to help balance power grids. Just south of San Isidro, a tiny Texas town near the U.S.-Mexico border, an abandoned gas exploration well is once again being put to work. A 10-foot wellhead rises from a […]
BY SAUL ELBEIN – 03/06/23 6:00 AM ET AUSTIN, Texas — Real estate developer Douglas Gilliland believes the future of housing lies underground. Amid the unseasonal heat of late February — as neighborhoods across the state hummed with the sound of condenser units struggling to cool homes — the Whisper Valley community Gilliland is developing was all […]
by Danny Rehg and Sean Marshall Texas is well known as an energy and economic powerhouse. Given Texas’ global leadership in oil, natural gas, and renewable energy, it comes as no surprise that we are also pursuing the abundant geothermal energy resources within Texas. Using skills from over 100 years of drilling activity, Texas will […]
A report from researchers at five universities says Texas’ abundant resources of underground heat and its oil and gas history make it ideal for geothermal growth spurt that could rival the fracking boom. ENERGYWIRE | Texas has enough geothermal potential to decarbonize 100 percent of its grid and foster a new energy industry in the […]
Study Highlights Growing Momentum for Geothermal Energy in Texas AUSTIN, TX (January 24, 2023) . . . The Texas Geothermal Energy Alliance (TxGEA) applauded today’s release of a multi-year, multi-disciplinary, cross-collaborative report providing a roadmap for future development of geothermal energy in Texas. The report, “The Future of Geothermal in Texas: The Coming Century of […]
After a year long multi-disciplinary, cross-collaborative effort, researchers at five Texas universities, the University Lands Office, and the International Energy Agency are set to publish a major report entitled “The Future of Geothermal in Texas: The Coming Century of Growth & Prosperity in the Lone Star State.” The extensive “deep dive”includes analyses of the location and […]
Getting close to Earth’s sun-hot core is key to scaling geothermal energy plants. But it’s harder than it looks to dig miles into the ground. *Tapping into the energy content of heat stored underground would meet the world’s energy needs.*To do so, the engineering would focus on millimeter waves that vaporize rocks to drill deeper than ever before.*An MIT […]
Pumped hydro already accounts for 93% of utility-scale energy storage in the US, and plans are in the works to build up from there.ByTina Casey The US Department of Energy has been eyeballing pumped hydro energy storage for a makeover, and it looks like they have a winner. The Texas firm Quidnet Energy has just […]
