Texas is hot below ground and full of folks with oil and gas drilling expertise, so that makes it ripe for a geothermal energy boom, according to a new study from researchers at five Texas universities.Expand Expanding Close
Quaise Energy is on a mission to prove that deep geothermal drilling could provide more than enough clean energy to meet the world’s needs as we move away from fossil fuels. Matt Houde, cofounder at Quaise Energy, explained its potential at the TEDX Boston Planetary Stewardship Event last week.Expand Expanding Close
Geothermal supplies just 0.4% of the world’s energy today, but it could potentially supply up to 50% of the world’s energy by 2050, according to Carlos Araque, cofounder and CEO of Quaise Energy, who made that prediction at the SOSV Climate Tech Summit 2022 last week during a panel discussion called, “Is this geothermal’s moment?”Expand Expanding Close
US President Joe Biden signed the big climate bill – the Inflation Reduction Act (IRA) – earlier this week. Electrek spoke with Dan Gayer, JD, CPA, a senior manager in the tax practice at Baker Newman Noyes, about how homeowners can claim tax credits and rebates as they work to achieve energy efficiency and lower their energy bills.Expand Expanding Close
The US Department of Energy (DOE) yesterday issued a request for information (RFI) to support $84 million in enhanced geothermal systems (EGS) pilot demonstration projects. It’s part of the Biden administration’s Bipartisan Infrastructure Law, which passed last year.Expand Expanding Close
Renewable resources provided 99.9% of Vermont’s electricity generation in 2019, the largest share for any state, but it has more than 100,000 homes that use fuel oil, the dirtiest fuel for home heating. US residential geothermal company Dandelion Energy wants to help Vermont ditch the fuel oil – it today announced that it’s expanding its services into the Green Mountain State.Expand Expanding Close
Kathy Hannun came to geothermal while at Alphabet’s X (formerly called Google[x]). In May 2017, she spun the company out and assumed the role of CEO of Dandelion Energy. She’s now in the role of president of the company, which allows her more free time, which means she can talk to us!
Hunnan spoke with Electrek‘s publisher Seth Weintraub and writer Michelle Lewis about why home geothermal systems are more affordable, convenient, and energy-efficient than anything else out there. At the same time, geothermal eliminates the fossil-fuel-based heating oil and gas systems currently in use.Expand Expanding Close
In today’s Electrek Green Energy Brief (EGEB):
- Greenpeace names the worst global sulfur dioxide air pollutant hotspots.
- The UK is exploring using minewater as a source of geothermal energy.
- A gas plant in Fife, Scotland, sparks safety fears due to technical failures.
- Six green energy ideas that flopped.
In today’s EGEB:
- Renewable spending set to pass upstream oil and gas next year in Asia.
- A look at the potential for geothermal energy in the US.
- Albuquerque looks to get more from solar power.
- Massachusetts wants more offshore wind.
EGEB: MidAmerican to offer clients 100% green energy, Dandelion seeks to democratize geothermal energy, market adapts to tariffs
Electrek Green Energy Brief: A daily technical, financial, and political review/analysis of important green energy news.
Today on EGEB, MidAmerican claims it will be the first U.S. utility to offer 100% renewable energy to willing clients. Dandelion seeks to take a foothold in the heating and air conditioning market with a new geothermal unit. Foreign companies adapt to Trump’s tariffs by planning new U.S. factories.