Latest news with #TheFutureofGeothermal
Yahoo
a day ago
- Business
- Yahoo
Meta and energy company announce plans for geothermal plant in New Mexico
Meta and a California-based geothermal energy company announced plans on Thursday to build a geothermal power plant in Northwestern New Mexico, as Gov. Michelle Lujan Grisham and other officials touted a report outlining how the state has the resources to produce substantial geothermal power. Meta, the parent company of Facebook, and XGS Energy aim to build a geothermal energy site capable of producing 150 megawatts at a location that has not yet been named. A recent report indicates the Santa Fe region, as well as portions of Sandoval and Tao counties, are particularly well positioned to produce geothermal energy. "We sit on, no kidding, one of the best dry hot rock energy resources not just in Western United States but in the entire world," said Josh Prueher, XGS Energy CEO, during a news conference at the state Capitol, flanked by Lujan Grisham. "The statistics are staggering." Meta in 2019 opened a sprawling data center in Los Lunas where the tech giant stores videos, photos and other media that its billions of users have posted to the social network. It is unclear whether the new geothermal power plant would support its existing footprint in New Mexico and the Southwest or a future expansion. Prueher said XGS is considering public, private and tribal lands to site the planned plant and is engaged with landowners in each of those categories. Asked whether Sandoval, Santa Fe and Taos counties might be potential locations, Prueher said they could be. The 200-page "The Future of Geothermal in New Mexico" report, published by Project InnerSpace in collaboration with New Mexico Tech and the New Mexico Bureau of Geology and Mineral Resources, notes the potential for 163 gigawatts of geothermal power to be generated in the state. The Future of Geothermal in New Mexico The vast subsurface heat present in the state could help boost the Land of Enchantment's clean energy future, advocates of the project say. "It's a big damn deal," Lujan Grisham said, praising the economic and job creation impact the project could have. Geothermal resources, typically reservoirs of hot water that exist at various temperatures, generate renewable energy from hot water sources deep beneath Earth's surface. Most of the geothermal power plants in the U.S. are in western states and Hawaii, according to the U.S. Energy Information Administration, where geothermal energy resources are close to the earth's surface. California generates the most electricity from geothermal energy. Lujan Grisham said the project is not receiving state money at this time. The geothermal power plant in Northwestern New Mexico would be the second in the state, with one such power plant already in operation in Hidalgo County. This is a developing story and will be updated.
Yahoo
a day ago
- Business
- Yahoo
Meta and energy company announce plans for geothermal plant in New Mexico
Meta and a California-based geothermal energy company announced plans on Thursday to build a geothermal power plant in Northwestern New Mexico, as Gov. Michelle Lujan Grisham and other officials touted a report outlining how the state has the resources to produce substantial geothermal power. Meta, the parent company of Facebook, and XGS Energy aim to build a geothermal energy site capable of producing 150 megawatts at a location that has not yet been named. A recent report indicates the Santa Fe region, as well as portions of Sandoval and Tao counties, are particularly well positioned to produce geothermal energy. "We sit on, no kidding, one of the best dry hot rock energy resources not just in Western United States but in the entire world," said Josh Prueher, XGS Energy CEO, during a news conference at the state Capitol, flanked by Lujan Grisham. "The statistics are staggering." Meta in 2019 opened a sprawling data center in Los Lunas where the tech giant stores videos, photos and other media that its billions of users have posted to the social network. It is unclear whether the new geothermal power plant would support its existing footprint in New Mexico and the Southwest or a future expansion. Prueher said XGS is considering public, private and tribal lands to site the planned plant and is engaged with landowners in each of those categories. Asked whether Sandoval, Santa Fe and Taos counties might be potential locations, Prueher said they could be. The 200-page "The Future of Geothermal in New Mexico" report, published by Project InnerSpace in collaboration with New Mexico Tech and the New Mexico Bureau of Geology and Mineral Resources, notes the potential for 163 gigawatts of geothermal power to be generated in the state. The Future of Geothermal in New Mexico The vast subsurface heat present in the state could help boost the Land of Enchantment's clean energy future, advocates of the project say. "It's a big damn deal," Lujan Grisham said, praising the economic and job creation impact the project could have. Geothermal resources, typically reservoirs of hot water that exist at various temperatures, generate renewable energy from hot water sources deep beneath Earth's surface. Most of the geothermal power plants in the U.S. are in western states and Hawaii, according to the U.S. Energy Information Administration, where geothermal energy resources are close to the earth's surface. California generates the most electricity from geothermal energy. Lujan Grisham said the project is not receiving state money at this time. The geothermal power plant in Northwestern New Mexico would be the second in the state, with one such power plant already in operation in Hidalgo County. This is a developing story and will be updated.
Associated Press
26-02-2025
- Business
- Associated Press
The Future of Geothermal in Pennsylvania: Rapid Scale of Geothermal Energy Could Propel Commonwealth's Energy Industry to New Heights
HARRISBURG, Penn., Feb. 26, 2025 /PRNewswire/ -- A report published today concludes that if Pennsylvania takes steps now to fully access the geothermal heat that exists underground, the Commonwealth could leverage the know-how of its oil and gas workers to generate enough energy to meet 100% of its electricity, heating and low- to medium-temperature industrial process needs in as few as 10 years. ' The Future of Geothermal in Pennsylvania ' r eport, backed by Project InnerSpace in collaboration with Pennsylvania State University and working with 10 contributors from four Pennsylvania institutions, evaluated the potential scale of geothermal energy in the Commonwealth, and found widespread opportunities to use the Earth's natural and abundant subsurface heat for Pennsylvania's residential, commercial, agricultural, manufacturing, and pharmaceutical sectors. The report also identified hotspots across the Commonwealth that can generate secure and always-on geothermal power. 'Pennsylvania has a long and proud history of energy innovation, and my administration is working to cement the Commonwealth's place as a national energy leader – working with the energy industry, including organizations like Project Innerspace, to build exciting new technology in Pennsylvania like geothermal, hydrogen, and more,' said Pennsylvania Gov. Josh Shapiro. 'My ' Lightning Plan ' will spark new innovation and build a more reliable, affordable energy grid by incentivizing new projects, streamlining permitting approvals, and encouraging communities to lower utility bills and improve reliability through shared energy resources. By coming together around commonsense technologies like geothermal, we can support groundbreaking projects, lower costs for consumers, create more jobs, and position the Commonwealth to continue to be a national energy leader for decades to come.' For more than a century, geothermal energy has proven to be a safe and sustainable source of energy, but it was limited to only a few places on earth. Recent technological developments by the oil and gas industry now allow us to efficiently and cost-effectively tap into the Earth's heat, making geothermal energy available almost anywhere, including Pennsylvania. These advances are allowing oil and gas workers to produce geothermal energy, driving significant interest in this home-grown and abundant energy source from the Trump administration, as well as from leading Democrats. Pennsylvania is well positioned to take advantage of that potential given its large oil and gas workforce and its status as the nation's second-largest energy-producing state. 'Pennsylvania is an energy leader and an epicenter of oil and gas industry workforce, talent and know-how,' said Jamie Beard, Executive Director of Project InnerSpace, a non-profit organization dedicated to expanding the use of geothermal energy. 'Pennsylvania led the charge historically with the first oil well and in the shale revolution, now it can be at the forefront of the next drilling revolution, but this time around for heat.' The Report offers 23 targeted policy recommendations to accelerate the adoption of geothermal energy across Pennsylvania, which could create economic savings for residents, generate long-term job opportunities, reduce emissions, and bolster energy security in the commonwealth. 'Geothermal energy is a potentially limitless, always-on power source that could provide clean, locally-sourced electricity to millions of Pennsylvania residents and businesses,' said Rep. Elizabeth Fiedler, a Democrat and chair of the House Energy Committee. 'A thriving, growing, job-creating economy isn't built on yesterday's technologies. It's built on innovation – on bold investments. Project InnerSpace's report shows that Pennsylvania can lead the way in this next energy revolution.' 'Pennsylvania can help the United States dominate on energy by ensuring we have a reliable, secure and diverse supply of energy,' said U.S. Rep. Kristin Marcell, a Republican representing the 178th district in Bucks County. 'Given geothermal's potential to help advance key industries in Pennsylvania like advanced manufacturing and agriculture, I am excited to see this resource be added to Pennsylvania's prolific energy portfolio.' 'Pennsylvania is a national leader in energy production, and geothermal systems can be the next step in the Commonwealth's transition to a cleaner, more resilient grid,' said Acting Department of Environmental Protection Secretary Jessica Shirley. 'As electricity demands continue to grow, geothermal can play a crucial role in creating clean energy jobs and lowering utility bills.' About Project InnerSpace:
