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Fugro and dCarbonX to collaborate on offshore geo-energy projects

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Fugro has signed a strategic framework agreement (SFA) with dCarbonX, a pioneering geo-energy resource company, for decarbonisation exploration projects supporting the development of offshore geo-energy resources in the UK and Ireland.
The SFA will enable Fugro and dCarbonX to collaborate on decarbonisation exploration projects at the earliest opportunity and to share relevant data, technological insights and operational scheduling.
Both Fugro and dCarbonX, which specialises in finding and adapting offshore subsurface assets to facilitate the transition from fossil-based to renewable energy systems, are committed to challenging the energy status quo to create a safe and liveable world. Fugro will apply their consultancy mindset to help progress opportunities, and their Geo-data acquisition, analysis and advice will provide dCarbonX with critical information to characterise sites and support decision-making at the project concept stage. Fugro’s consultan ....

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The energy transition: It's not easy being green

Toto, I ve a feeling we re not in Kansas anymore
Sorry, it seems as though our servers are down or the page you ve requested is currently unavailable. Please bear with us, while our resident munchkins get everything back on track. ....

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Eavor completes geothermal funding round

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Eavor Technologies Inc. (Eavor), a leader in scalable geothermal technology, has completed a US$40 million funding round. These investments, and the partnerships formed around them, are critical to the commercialisation of the technology and to help Eavor scale its extensive project pipeline.
The company’s technology, known as Eavor-Loop
™, uses the natural heat of the earth as a giant rechargeable battery. Fluids are heated by the earth and circulated in a closed network of underground wellbores, unlocking a reliable and consistent energy source. This technology differs from other forms of geothermal in that it is a scalable ‘go anywhere’ solution, harvesting geothermal heat to generate dispatchable power with zero emissions. ....

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Contact's improved first half a sign of greener things to come

Contact s improved first half a sign of greener things to come
15 Feb, 2021 04:00 PM
5 minutes to read
Contact Energy wants to build a new geothermal plant near Taupō and put its gas-burning assets under review. Photo / Grant Bradley
Contact Energy wants to build a new geothermal plant near Taupō and put its gas-burning assets under review. Photo / Grant Bradley
Contact Energy s move to a build geothermal plant near Taupō, while putting its carbon-heavy thermal assets under review, is being seen as a big sea change for the company.
The company said it would undertake
review of thermal assets under over the next few months and signalled a lower dividend payout, reflecting its growth aspirations. ....

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Contact to raise $400m to build Tauhara, lifts half-year profit

Contact to raise $400m to build Tauhara, lifts half-year profit
14 Feb, 2021 06:48 PM
3 minutes to read
NZ Herald
Contact Energy has kicked off a $400 million equity raise to build a new 152 megawatt geothermal power station at Tauhara, near Taupō.
The company said it planned to raise $325m from an underwritten institutional placement at $7 a share - a 2.8 per cent discount to Friday s closing price - and a $75 million non-underwritten retail offer.
Trade in the company s shares have been put into a trading halt until Wednesday while it undertakes the placement.
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EBITDAF increased by $25m to $246m, up 11 per cent on the prior year and in line with market expectations. ....

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