Ambitious geothermal energy project in Iceland successfully completes its first phase

Geothermal Energy - Volcano in Iceland

Iceland Deep Drilling Project has completed drilling into a volcano Geologists and engineers in Iceland have successfully completed the first stage of the Iceland Deep Drilling Project, focused on gauging the economic feasibility of unconventional geothermal energy resources. The project involved drilling deep into the heart of a volcano. Drilling such a borehole is quite risky, but the project has managed to reach its target depth. Now, researchers will determine how the volcano can be used to generate geothermal energy in an effective manner. Project drills 2.9 miles into a…

Read More

Geothermal energy is gaining more ground in China

Geothermal Energy - Hot Spring

Oil company begins to break into the geothermal energy market Sinopec, a large state-run oil company in China, has plans to move into geothermal energy. The company recently began drilling hundreds of wells throughout China. Instead of tapping into oil reserves, however, these wells are designed to leverage the potential of geothermal energy. This energy will be used to provide heat for homes in various parts of the country. This heat will not be generated through the use of fossil-fuels, making it environmentally friendly. Northern provinces are experiencing the benefits…

Read More

Iceland to develop one of the world’s largest geothermal energy systems

Geothermal Energy - Thermal Spring

New geothermal energy project is being developed in Iceland Iceland has begun development on what may become the world’s deepest geothermal borehole. The country is drilling the borehole into the heart of a volcano. The borehole will be at a depth of 3.10 miles, significantly deeper than other geothermal boreholes in the country. Iceland is currently one of the leading producers of geothermal energy and the country is eager to embrace this form of power more aggressively in an effort to reduce reliance on fossil-fuels. New project could generate up…

Read More

Geothermal energy from Iceland could power homes in Europe

The north Atlantic island grows closer to being able to power homes with green energy via a power cable. Iceland’s government and its national power company, Landsvirkjun, are researching if the country should move forward with their project to construct a 727 mile (1,170 kilometer) submarine cable that would hook up European homes into Iceland’s hydropower and geothermal energy reserves. The green project would cost up to $2 billion. To construct what Landsvirkjun says would be the longest power cable in the world, Iceland would require a bilateral deal with…

Read More

Geothermal energy receives more attention in Iceland

Energy investment program receives strong support from Geothermal Cluster Startup Energy Reykjavik, an investment program that is focused on renewable energy, has received the support of Iceland’s Geothermal Cluster, a coalition of organizations that have a prominent presence in the nation’s geothermal energy sector. Iceland has had a strong focus on geothermal power for some time and is positioned in a part of the world that is littered with volcanoes and somewhat notorious for its geological activity. The country’s access to geothermal power has made a fossil-free future possible, though…

Read More

Geothermal energy breakthrough made in Iceland

Iceland makes major progress on the geothermal power front Geothermal energy typically receives little attention when compared to other forms of clean power, such as wind and solar. This is partly due to how expensive this form of energy still is while other forms of renewable energy continue to become more affordable. Geothermal energy does represent a great deal of potential, however, and could help the world move away from fossil-fuels effectively over the coming years. As countries begin to expand their focus on clean power, promising geothermal projects are…

Read More

Can Iceland Become A Geothermal Powerhouse?

Consider, if you will, Iceland, a small island nation with an abundance of Bjork and volcanoes. If everything works out well, one of those two things will be responsible for lifting Iceland out of its woes incurred during international monetary problems that began back in 2008. And here’s a spoiler alert: it does not involve singing. A Plethora Of Renewable Energy Wouldn’t it be nice if we could take something that causes global warming, like for instance carbon dioxide, and use it instead, in a nice ironic twist, to produce…

Read More

Complete reliance on renewable energy is possible

Reliance on renewable energy is possible

Renewable energy continues to be the target of controversy Renewable energy has been a tricky subject around the world. In some parts of the world, renewable energy is a controversial matter due to its association with environmentalism and the concept of climate change. In other parts of the world, renewable energy is too much of an economic gamble to warrant aggressive support. The controversy and skepticism that surrounds renewable energy may be dispelled soon, however, due to a new report that suggests that several countries can meet the entirety of…

Read More

Iceland focuses research efforts on wind energy

Iceland Wind Energy

Wind energy gains support in Iceland The World Wind Energy Association, a multinational wind energy organization, has released the latest edition of its annual World Wind Energy Report. The report covers the progress that wind energy has made throughout the world in 2012, noting that several countries throughout Europe have begun to embrace this forms of renewable energy. The report shows that Iceland has become the 100th nation to embrace wind energy, noting that the country has put a great deal of emphasis on research and development initiatives. Research and…

Read More

Geothermal energy receives the support of the World Bank

Geothermal Energy

World Bank announces plans to fund geothermal energy projects The World Bank, one of the largest financial institutions in the world, has announced that it will be providing funding for international geothermal energy projects. The institution has been showing increasing support for renewable energy in recent years, citing economic concerns regarding the effects of climate change, as well as the economic benefits of clean forms of power. Geothermal energy has received modest attention from the institution in the past, but new funding from the World Bank is expected to help…

Read More

Geothermal energy could replace nuclear in Japan

geothermal energy

Geothermal energy has vast potential in Japan Despite sidetracking its plans to be rid of nuclear energy within the coming years, Japan is still keen to replace its nuclear power plants with safer forms of energy. In 2011, the Fukushima disaster triggered a serious nuclear crisis in Northern Japan when a powerful tsunami tore apart several nuclear power facilities. Since then, the country has been working to move away from nuclear power, and geothermal may be becoming one of the best paths for this endeavor. Iceland ambassador highlights the capabilities…

Read More