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Next-Generation Geothermal innovations exciting policymakers

Next-generation geothermal energy is undergoing a resurgence that is addressing significant challenges that have hindered it in the past, which is capturing the heightened interest from policymakers. According to Canary Media, geothermal deal counts increased significantly between 2021 and 2024, leading to a cumulative capital raise of $250 million. These developments offer a solution to the urgent need for carbon-free energy sources capable of supplying 24/7 power to industries, cities, and data centers.

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Geothermal opportunities in the Pacific Rim could fuel major institutions

Geothermal energy could provide value to U.S. institutions in the Indo-Pacific region, according to an article by Foreign Policy, as it offers stable power that can boost energy security and geoeconomic interests. The article highlights that “all modern energy systems need baseload power,” and that de-risking geothermal technology is essential in driving large-scale development of this always-on energy source.

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Geothermal Potential Could Surpass Nuclear

Geothermal energy is undergoing a significant transformation akin to the technological boom of the shale revolution, according to an article in The Economist, and this shift could potentially enable geothermal to outperform nuclear generation. Geothermal has traditionally been limited to regions with naturally occurring underground reservoirs. However, the article states that innovative techniques are now making it possible to extract geothermal energy by drilling kilometres deep into hot rock, which can be done virtually anywhere across the planet.

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UNITE 2024 Energy Disruptors Panel: Canada Should Focus on Consistency and Innovation During a Global Energy Transition

Implementing new energy solutions was a key topic at the UNITE 2024 Energy Disruptors Summit, where panelists tackled some of the most pressing challenges Canada is facing in the energy transition. John Redfern, Eavor founder and CEO, joined this panel to emphasize the difficulties of scaling up technologies, establishing nationwide regulations, and the crucial role of innovation in maintaining Canada’s global leadership. Redfern stressed that amidst the rise of extreme weather events, resilience in energy infrastructure is more critical than ever. He argued that these factors are undervalued in today’s market, and consistency will support future stability.

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Geologists Uncovering Areas in the UK with the Greatest Geothermal Potential

The past year has seen greater geothermal development in the UK, including the construction of the first geothermal plant, the launch of the UK’s First National Centre, and promising geological data being collected across central and southern England. Dr. Timothy Kearsey and his team at the British Geological Survey (BGS) have mapped Early Carboniferous limestones (ECLs) in this area, located approximately 4km deep. Kearsey’s research indicates that ECLs have the potential to become an important energy resource, as they offer substantial opportunities for deep geothermal energy. The article also states that energy from these formations has been successfully harnessed in Belgium and the Netherlands for heating networks. However, Kearsey emphasized that while these findings are promising, further research is needed for successful geothermal infrastructure development in the UK.

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