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The future of geology and maybe even renewable energy is heating up — big time. Scientists in Iceland are steaming ahead with an ambitious project to drill straight down into a magma chamber that could provide not only the first direct look at the molten rock stewing miles beneath the Earth's surface, but potentially, a […]
Geothermal Drilling Rig Market Is Expected to Reach US$ 122 Mn by 2030 – TMR Study
Kenya's GDC gets $5m AU grant for geothermal wells Wednesday March 17 2021 Advertisement Geothermal Development Company (GDC) has received a $5 million (Ksh500 million ) grant from the Geothermal Risk Mitigation Facility (GRMF) to drill two wells in Baringo County. The grant will be used to fund 40 per cent of the costs for drilling and testing at the Paka Geothermal Project, one of three geothermal prospects in the area. The others are Silali and Korosi. About 20 per cent of the total costs will fund infrastructure development. “The funding will go towards the cost of the exploration dril...