The Inflation Reduction Act represents a historic investment in the United States' clean energy future. For the drilling industry, it offers numerous opportunities to engage in renewable energy projects, improve infrastructure resilience, and contribute to environmental sustainability.
The USDA Farm Bill shapes agricultural policy, influencing water well, geotechnical, and geothermal drilling sectors through programs that support conservation, rural development, and renewable energy. With the upcoming expiration on September 30, 2024, we must emphasize the importance of timely reauthorization for continued progress.
The expansion of the geothermal heating project in Grünwald, Germany, backed by €62.3 million in federal funding, sets a significant precedent for geothermal drilling and energy projects worldwide, with potential ripple effects in both Germany and the U.S.
Contact Energy’s Tauhara geothermal power plant in New Zealand has commenced operations at 130 MW, with future expansions set to make it the world’s largest single shaft geothermal turbine, signaling significant growth for geothermal energy in the region.
New research at British Columbia's Mount Meager and Mount Cayley is opening doors for significant geothermal drilling opportunities in Canada, driven by advancements in understanding geothermal potential and attracting new investments.
The Department of Defense's initiative to enhance energy resilience through geothermal projects at military installations could significantly boost business opportunities for geothermal drillers.
A recent study reveals that Enhanced Geothermal Systems (EGS) could provide up to 184,112 GW of power in the U.S., significantly boosting renewable energy potential and efficiency with flexible dispatch strategies.
A bipartisan House bill supporting enhanced geothermal systems (EGS) and closed-loop geothermal systems (CLGS) aims to boost research and development for these experimental clean energy technologies.
Explore the timeless insights of Jay Egg's 2018 article on geothermal systems and discover why drillers are crucial in tapping into this renewable energy source.