Calgary-based lithium extraction company closes multi-million dollar funding round, highlighting Alberta’s next-generation energy industry
Summit Nanotech, an Albertan green tech organization founded in 2018 made headlines in the Calgary Herald recently after closing a second round of investment funding totaling $67 million. Chris Varcoe, a columnist covering all things Canadian energy for the Calgary Herald reported on the win for Summit Nanotech the same day the company announcement was made and interviewed CEO and founder Amanda Hall for the column.
International Geothermal Conference in Taiwan highlights next-generation green energy efforts
The country of Taiwan recently hosted its first international conference on geothermal energy. On Monday, January 9, 400 virtual and in-person visitors attended the conference in Taipei City, aimed at highlighting the nation’s geothermal advancements in light of the global energy transition. Taiwan’s Ministry of Economic Affairs financed the event and the Taiwan Geothermal Association coordinated a full day of speeches and presentations from local and international organizations. One such presentation came from the Taiwanese government and detailed the federal incentive programs for geothermal development, regulatory amendments such as simplifying permit acquisition processes, and unveiled 10 geothermal hot spots around the island with potential for resource development.
Eavor and Deep Energy Capital bring next-generation geothermal to the forefront of renewable energy
A recent article from energy news leader OilPrice.com details new developments in the geothermal energy industry and stresses the need for deployable and scalable solutions in the near future. Energy and finance freelancer Felicity Bradstock is well-versed in the news and developments surrounding traditional and green energy industries. Her article from early December emphasizes the demand for clean energy from environmental agencies and governments across the globe, and cites geothermal as a sector brimming with potential.
Eavor dubbed as “game-changer” in next-generation geothermal & the worldwide energy transition
Japanese electricity giant Chubu Electric is gunning to lead the charge when it comes to decarbonization and cleantech, both at home and abroad. Rechargenews.com secured an exclusive interview with Chubu’s global business division CEO Hiroki Sato, who expressed immense optimism about the company’s growth into international markets and emerging industries in the energy sector.
Eavor and Getech announce joint effort to develop next-generation geothermal exploration and development in Latin America
Category leader in next-generation geothermal energy, Eavor Technologies, is announcing a Strategic Collaboration Agreement with green energy company Getech group. Getech is an international company specializing in advancing the clean energy transition with world-class geoscience data and proprietary Heat Seeker™ software. The company’s revolutionary approach to energy generation is designed to bypass risks, costs, and exploration time associated with traditional geo-energy extraction methods.
Nunavut announces new study to unlock green energy potential in the Canadian Arctic
The Canadian government has invested over $1 million into the research and exploration of Nunavut’s geothermal heat and energy potential. Canadian Northern Economic Development Agency and the territory’s sole energy provider Qulliq Energy Corporation will fund research analyzing subterranean conditions in the remote communities of Resolute Bay, Baker Lake, and Cambridge Bay over the next three years.
Energy Council of Canada releases end-of-year-review from CEO & President
The Energy Council of Canada released a newsletter mid-December with a letter from President and CEO Jacob Irving, summarizing the major energy sector news of 2022. Irving details the fluctuations felt in international oil and gas markets, from prices to production rates and changes in supply and demand.
Geothermal development in Scotland is heating up
Scotland is looking for new ways to explore clean energy and next-level geothermal heating and cooling in order to meet ambitious climate goals in the next decade. Scottish news publication The Herald reported on exciting new developments in research into new applications of geothermal energy using old coal mines.
Nevada is making space for dispatchable green energy amidst energy instability in the southern American states
Online energy publication Renewable Energy World recently reported on the announcement of a comprehensive green-tech project in Nevada designed to increase the state’s energy security and facilitate a transition to renewables. NV energy, a public utility provider in Nevada has awarded swiss-based Energy Vault Holdings a contract to provide a battery energy storage system, also known as BESS. The project is estimated to be up and running by winter 2023.
Yukon government proposes geothermal development legislation for late 2023
New green energy development legislation is being considered in the Yukon in order to harness the region’s subterranean renewable potential and decrease reliance on fossil fuels by switching to next-generation geothermal energy. CBC Yukon journalist Julien Gignac reported these regulations for geothermal exploration and extraction could be in place as soon as the fall of 2023. The article follows closely on the heels of an October report detailing the predicted impacts of climate change on the Territory’s unique landscape and way of life.
Federal government introduces geothermal education initiative in Nova Scotia
First Nations and rural communities in Nova Scotia are getting ready to turn up the heat on geothermal energy. A new federal program dubbed Community Geothermal Resource Capacity Assessment and Training, or GeoCAT for short, was announced in early November. CBC’s Erin Pottie’s article covering the announcement of the program describes how the $1.3 million budget will be spent to educate stakeholders and community members about the Maritime province’s next-generation geothermal energy potential, and accessible technologies that can be used to access it.
Clean Air Task Force labels Eavor as a leading developer of superhot rock geothermal energy
A CNBC article reporting the details of superhot rock geothermal potential was published in late October, after a compelling report by the Clean Air Task Force was released. The article, written by CNBC climate innovation and technology reporter Cat Clifford, is full of blue text and statistics, a veritable information hub for readers interested in learning more about geothermal energy, energy policies and initiatives in the United States, and major players in the clean energy field.
