States across the US are seeking new sources of clean and reliable power by repurposing old oil and gas wells for geothermal heat.
Demand for clean energy is driving interest in unconventional options. Abandoned wells that once contributed to pollution are now viewed as potential assets for generating power.
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President Claudia Sheinbaum announced a technical committee to study the return of modern fracking in Mexico to cut reliance on US natural gas imports. She distinguished it from traditional methods by using technologies that recycle water and avoid potent chemicals, boosting energy sovereignty. The process will take 10 to 15 years and require major investments.
The emerging geothermal energy sector is leveraging the expertise of oil and gas workers to advance drilling techniques for renewable heat sources. Professionals like Mike Fleming, with a background in conventional drilling, have transitioned to geothermal projects, highlighting transferable skills in safety and precision. Government support and industry growth signal potential for broader workforce shifts.
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The United Kingdom has begun generating electricity from its first geothermal power plant in Cornwall, marking a resurgence in the technology worldwide. The United Downs facility produces 3 megawatts while extracting lithium for batteries. This development is driven by advances in drilling and rising demand for reliable renewable energy.
President Gustavo Petro defended Colombia's transition to clean energies, stating that oil exploration contracts from the last decade have not found large amounts of oil. He insisted on lowering the real interest rate to boost the economy. He highlighted advances like investments in solar substations and potential exports.
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Fervo Energy is set to launch an initial public offering that could raise $1.8 billion. The geothermal power company will list under the ticker FRVO when Nasdaq opens. This debut stands as one of the largest Wall Street entries for renewable energy in years.
The U.S. electric grid loses about 5% of generated electricity during transmission, highlighting the need for better storage and delivery systems to support clean energy. A recent overview outlines seven key innovations addressing these challenges across generation, storage, transmission, and demand.
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Japan's government plans to temporarily lift restrictions on coal-fired power plants to address an energy crunch from the Middle East war. Officials presented the plan to a panel of experts, who approved it, the industry ministry said. The measure allows full operation of older, less efficient coal plants for a year starting in the new fiscal year from April.