A new musical collaboration, “(Our Love is) Geothermal,” combines a catchy tune with a fantastical storyline to highlight the potential of geothermal energy. The song, released during Climate Week New York, aims to unite climate advocates and industry supporters by making geothermal energy more relatable and engaging.
EU energy ministers will meet next week in Budapest to discuss financing geothermal energy as a key strategy to achieve the bloc’s 2030 climate targets. The meeting will explore new ways to make geothermal investments more commercially viable, including incentives and cross-border cooperation. This debate marks the first step towards a European geothermal strategy.
Climeworks, a pioneer in carbon capture technology, has launched a massive direct air capture and storage (DAC+S) plant in Iceland. The Mammoth plant, ten times larger than Climeworks’ previous facility, has the capacity to remove up to 36,000 tonnes of carbon dioxide from the air annually. By utilizing Iceland’s abundant geothermal energy, the plant offers a scalable solution for combating climate change.
Oil and Natural Gas Corp (ONGC) is all set to commence a new drilling initiative in June for India’s first geothermal venture in Ladakh. The project aims to establish a sustainable source for emission-free electricity, space heating, and irrigation in challenging landscapes. If the project progresses smoothly, a power plant with a minimum capacity of 1 MW will be established by the following year. ONGC is receiving guidance from consultants based in Iceland, a nation that relies on geothermal energy for two-thirds of its primary energy needs.
China has achieved a significant milestone by drilling the deepest geothermal well in the country, the Fushenre-1 well, reaching a depth of 5,200 meters. This project marks China’s first exploration of high-temperature geothermal energy at such profound depths.
Governor Jared Polis will embark on a trip to Costa Rica this week for the 2024 gathering. During his absence, Lt. Gov. Dianne Primavera will assume the role of acting governor. The purpose of Polis’s visit is to foster collaboration in areas such as agriculture, geothermal energy, and small businesses. The governor’s office reported that Colorado and Costa Rica exchanged approximately $58 million worth of goods in the previous year.
