Geothermal startups get another boost

2021-03-01

Geothermal startups get another boost from Chevron as the oil giant backs a geothermal project developer.

Geothermal Plant and Blue Lagoon leisure park, Iceland.

Image Credits: Universal Images Group / Getty Images

The U.S.-based oil major Chevron is doubling down on its investment in geothermal power by investing in a Swedish developer of low-temperature geothermal and heat power projects called Baseload Capital.

Oil companies are under pressure to find new lines of business as the world prepares for a massive shift to renewable energy resources to power all aspects of industry in the face of mounting climate-related disasters caused by greenhouse gas emissions warming the temperature on the planet.

Joining Chevron in the investment was the ubiquitous billionaire-backed clean energy investment firm Breakthrough Energy Ventures and a Swedish investment group called Gullspang Invest AB...

Read the full article at >> Tech Crunch 

Share:

RELATED POSTS

BASELOAD CAPITAL STARTS FOURTH OPERATION IN JAPAN

Baseload Capital announces that its subsidiary, Baseload Power Japan has officially begun its fourth geothermal power operation.

地熱vs.溫泉大不同 產學界促立專法

不少國家制定專法或以獎勵措施鼓勵發展地熱發電,但台灣卻依《溫泉法》開發地熱,業者必須通過重重關卡,地熱發展腳步較他國慢,專家認為

開發地熱發電 宜花東潛力旺

運轉過程幾無碳排、無水資源耗損的地熱發電,是近年熱門的再生能源之一,台灣位在太平洋板塊火環帶,具開發優勢,東部發展的潛能是全台之最,其中宜蘭、台東地熱發電已實際運轉,花蓮卻因部落族人多次抗議,開發廠商除配合部落生活習慣,調整作業時間,耗時1年半的溝通協調,直到去年底才完成開發第一階段鑿井探勘,進程較慢。 萬榮鄉紅葉部落是花蓮縣第一件地熱開發案,工研院研究指出,當地初估蘊藏16MW(百萬瓦)的地熱潛能,瑞典商倍速羅得公司2019年選定作為開發案場。 Read the full article at >> China Times
1 2 3 8
menuchevron-down linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram