Geothermal Power

Vermont Utility Opens Collaborative Space for Energy Businesses, Seeks Applicants
www.renewableenergyworld.com

Green Mountain Power has launched a contest to find energy companies and entrepreneurs to colocate at the utility’s headquarters in Colchester, Vt., and work to develop innovative energy products for consumers.

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Studies Show Geothermal and Grid Diversity Benefit the Environment and Consumers
www.renewableenergyworld.com

Last fall, the California legislature passed SB 350, a bill that will increase the state’s renewable energy generation to 50 percent by 2030 utilizing resources like wind, solar, biomass, and geothermal energy. This goal will be a first. No large-scale economy like California has ever attempted to transition to a grid powered in majority by […]

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Senate Passes Energy Bill, Looks to Conference With House
www.renewableenergyworld.com

The Senate voted 85–12 April 20 to pass what could be the first broad energy bill in nearly a decade, putting in motion what is expected to be a formal conference to work out the differences with the House version of the bill.

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Geothermal Development in Salton Sea Moves Forward
www.renewableenergyworld.com

The Imperial Irrigation District Board of Directors approved a lease agreement with Controlled Thermal Resources that will allow for the development of a new centralized geothermal power plant in the Salton Sea Known Geothermal Resource Area located in Southern California.

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A Rising Model: Public Finance in Early Stage Geothermal Development
www.renewableenergyworld.com

Developers now have more public financing options available to support the exploration and test drilling phases of geothermal development, where high risk traditionally has limited funding opportunities.

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Papua New Guinea First to Finalize Climate Plan Under Paris Agreement
www.renewableenergyworld.com

Papua New Guinea recently became the first country to formally submit the final version of its national climate action plan (called a “Nationally Determined Contribution,” or NDC) under the Paris Agreement. The small Pacific nation’s plan to transition to 100 percent renewable energy by 2030 is no longer just an “intended” nationally determined contribution (INDC) […]

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Banks Pledge $7BN to Scale Up Clean Energy Investment
www.renewableenergyworld.com

A group of eight banks and investors pledged $7 billion to join Bank of America Corp.’s initiative that plans to raise at least $10 billion for investments in clean energy and sustainable development.

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