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Geothermal breakthrough uses oil drilling tech to tap renewable energy
Geothermal breakthrough uses oil drilling tech to tap renewable energy
A Texas startup has made a major breakthrough towards achieving next-generation geothermal power after using oil drilling technology to tap the renewable energy source. Houston-based Fervo Energy successfully completed a trial of the system, which saw a drill plunge 2.3km (7,700 feet) into the Earth’s surface in order to pump water into them. Heated by high temperatures deep underground, the water was then pumped back to the surface where turbines converted the heat into electricity. The 30-day well test produced record-breaking power output for an enhanced geothermal system of 3.5 megawatts of electric production – enough to power more than 2,500 homes. “By applying drilling technology from the oil and gas industry, we have proven that we can produce 24/7 carbon-free energy resources in new geographies across the world,” said Tim Latimer, co-founder and chief executive of Fervo Energy. “The incredible results we share today are the product of many years of dedicated work and commitment from Fervo employees and industry partners.” One of these partners is Google, who signed an agreement in 2021 to develop the technology to provide carbon-free energy for its Cloud region in Las Vegas. Current geothermal energy production is mostly limited to locations near tectonic plates, such as Iceland, where magma close to the Earth’s surface is easier to reach. The latest feat marks a key milestone towards Fervo Energy’s plans to construct a 400MW project using its next-generation geothermal technology, which is expected to be online by 2028. “Power systems modelling confirms that geothermal can be a critical player in a fully decarbonised grid,” said Jesse Jenkins, an assistant professor and leader of the Zero-carbon Energy systems Research and Optimisation (ZERO) lab at Princeton University. “Fervo’s successful commercial pilot takes next-generation geothermal technology from the realm of models into the real world and starts us on a path to unlock geothermal’s full potential.” Read More Scientists invent double-sided solar panel that generates vastly more electricity ‘It is electrifyingly exciting’: How Britain could be freed from fossil fuels forever
2023-07-20 20:58
ThetaRay and Millennium EBS Forge Strategic Partnership to Revolutionize Compliance Solutions for Financial Institutions
ThetaRay and Millennium EBS Forge Strategic Partnership to Revolutionize Compliance Solutions for Financial Institutions
TEL AVIV & PRINCETON, N.J.--(BUSINESS WIRE)--Jun 16, 2023--
2023-06-16 17:52
Colin Bower Joins VivoSense as Chief Executive Officer
Colin Bower Joins VivoSense as Chief Executive Officer
NEWPORT COAST, Calif.--(BUSINESS WIRE)--Aug 2, 2023--
2023-08-02 20:21
Thirty-six Percent of U.S. Families Skipped Meals for Financial Reasons, dunnhumby Study Finds
Thirty-six Percent of U.S. Families Skipped Meals for Financial Reasons, dunnhumby Study Finds
CHICAGO--(BUSINESS WIRE)--Aug 2, 2023--
2023-08-02 19:17
How to watch every 'Fast and Furious' movie online — including 'Fast X'
How to watch every 'Fast and Furious' movie online — including 'Fast X'
UPDATE: Sep. 11, 2023, 5:00 a.m. EDT This article has been updated with the latest
2023-09-11 17:16
Chemify Announces $43 Million of Funding to Digitize Chemistry
Chemify Announces $43 Million of Funding to Digitize Chemistry
GLASGOW, Scotland--(BUSINESS WIRE)--Aug 2, 2023--
2023-08-02 19:29
Window and Patio Door Customers Want Their First Purchase to be Their Last, J.D. Power Finds
Window and Patio Door Customers Want Their First Purchase to be Their Last, J.D. Power Finds
TROY, Mich.--(BUSINESS WIRE)--Aug 3, 2023--
2023-08-03 20:23
Salesforce lifts annual forecast as business software demand stays strong
Salesforce lifts annual forecast as business software demand stays strong
(Reuters) -Salesforce raised its annual revenue forecast on Wednesday and projected quarterly sales above estimates as it benefits from a
2023-08-31 04:46
China lists mobile app stores that comply with new rule, but Apple missing
China lists mobile app stores that comply with new rule, but Apple missing
By Josh Ye HONG KONG (Reuters) -China's cyberspace regulator released on Wednesday names of the first batch of mobile app
2023-09-27 15:48
Your weekly TikTok R.E.P.O.R.T. is just more self-surveillance
Your weekly TikTok R.E.P.O.R.T. is just more self-surveillance
Have you posted your R.E.P.O.R.T. yet? No? How embarrassing. Everyone else has, and now they're
2023-09-12 05:58
EU hits Intel with $400 million antitrust fine in long-running computer chip case
EU hits Intel with $400 million antitrust fine in long-running computer chip case
European Union antitrust enforcers have slapped Intel with a fresh $400 million fine in a long-running legal fight that the chipmaker appeared to have won last year
2023-09-22 19:17
Xsolla Continues Its Commitment to Growing the Asian Gaming Market With Local Presence in Japan
Xsolla Continues Its Commitment to Growing the Asian Gaming Market With Local Presence in Japan
LOS ANGELES--(BUSINESS WIRE)--Aug 10, 2023--
2023-08-10 16:17