Colorado announces a $7.7 million investment in geothermal energy projects to enhance clean energy generation, support economic diversity, and create sustainable job opportunities while advancing the state's goal of net-zero emissions by 2050.
As the geothermal heat pump market is expected to expand significantly, reaching a growth of USD 5.65 billion by 2028, geothermal drillers and the broader drilling industry stand to benefit from the increased demand for renewable energy installations and associated drilling activities.
The 1 Java Street project, a mixed-used development in Brooklyn, New York with a geothermal heat pump system, has won Project of the Year from the PPI.
The Decarb Boston Summit on June 18th at Sasaki in downtown Boston is set to explore vital sustainability topics like geothermal energy, innovative materials, and financing strategies for decarbonization projects, aiming to advance the city's and attendees' goals for a sustainable future.
Massachusetts is leading the way in the shift from fossil fuels to clean energy with the launch of the country's first utility-operated underground thermal energy network.
New York faces intense debates over the NY HEAT Act and Climate Change Superfund Act as students and advocates rally at the Capitol, urging lawmakers to align state gas utility regulations with climate goals.
The University of Colorado Boulder has received $675,000 in state funding to conduct feasibility studies for on-site geothermal energy projects, aiming to enhance renewable energy production and support Colorado's climate goals.
XGS Energy has secured an additional $20 million in funding to launch its first commercial-scale, water-independent geothermal project in California, advancing its innovative technology for global deployment.