Tag: Geothermal Energy

Energy for All by 2030: Time to Act

If an emerging coalition to build a sustainable energy future succeeds in achieving its goals, “everyone in the world will have access to electricity,” World Bank Group President Jim Yong Kim told members of the Sustainable Energy for All (SE4ALL) init…

Breathing Life Into US Geothermal: First EGS Project Feeding Power to Grid

A major challenge for the geothermal industry is reducing the risk of its exploration and drilling phase – there is a 40-60 percent chance that each $5-7 million well is ultimately deemed unproductive. But that statistic may soon change. In what many in the industry are calling a game-changer, the nation’s first enhanced geothermal system (EGS) to supply electricity to the grid came online last week. ORMAT’s Desert Peak 2 project is producing an additional 1.2 megawatts (MW) of power to its existing nearby power plant.