Earth's Energy

A couple of days late, but as per usual I wanted to put together a little highlight reel for the geothermal industry in 2024. Caveat, this is selling it incredibly short as there is a character limit on LinkedIn. #geothermal #advancement #technology #innovation #collaboration #investment #sustainability > Fervo Energy displays 70% YoY reduction in drilling times at Cape Station and achieves record flow rates, closed a $244 mm round led by Devon Energy, raised a $100 mm in construction loan from X-Caliber Rural Capital and closes the year with $255 million in additional debt/equity financing > Sage Geosystems Inc. started the year with closing a $17 mm round ed by Chesapeake Energy/Expand Energy and partnered with the San Miguel Electric Co-op to develop ERCOT's first ever geothermal storage project and signed a 150 MW geothermal power agreement with Meta > Project InnerSpace releases GeoMap for North America, Africa, and India, a free tool to help with evaluating/siting potential geothermal projects > Zanskar Geothermal & Minerals, Inc. closed a $30 mm funding round > The Bureau of Land Management has worked on reforming the permitting process for geothermal projects > Multiple bills have been introduced for consideration that will aid in streamlining geothermal development (Geothermal Energy Optimization Act, Supercritical Geothermal Research & Development Act, > Quaise Energy continues to move forward with their cutting edge technology with a $21mm Series A1 round > XGS Energy secured an additional $9.7mm in funding > The International Energy Agency (IEA) released their report detailing how geothermal and the next generation technologies can change the energy landscape as we know it > Colombia awards the first ever license to develop a geothermal project to Parex Resources > Microsoft and G42 announce the plans to build a geothermal powered data center in Kenya > Colorado governor, Jared Polis announced a $7.7 million grant to be spread amongst 35 various projects aimed at advancing geothermal within the state > GA Drilling entered into a technical cooperation program with Petrobras > Baseload Capital closed a $53mm Series B round > Earth's Energy in Australia is exploring geothermal powered data centers > Dandelion Energy released their new revolutionary geothermal heat pump > The United States Air Force is doubling down on geothermal, contracting with Sage Geosystems Inc., GreenFire Energy Inc and Fervo Energy > Gradient Geothermal partners with Chord Energy to develop geothermal energy in their assets > Exceed Geo Energy partners with Austin Energy to pilot a 5MW geothermal project > TerraThermo Limited and Eden GeoPower partner on a project to deploy Eden's stimulation technology > SOCAR Green signs deals with SLB and Baker Hughes to explore geothermal potential in Azerbaijan > Vulcan Energy enters an agreement with BASF to supply geothermal heat for a plant in Germany > Hephae Energy Technology raises an additional $4mm

🚀 2025: The Year for Enhanced Geothermal Systems (EGS) 🌍 The momentum behind next-generation geothermal energy in 2024 has been nothing short of transformative. With startups like Fervo Energy and EGS technology proving its value, the stage is set for 2025 to be a breakout year for scalable, sustainable energy. 🌱⚡️ At Earth's Energy (ASX: EE1) we’re thrilled about what this means for our Paralana Project in South Australia. Positioned as a world class project, Paralana is uniquely placed to leverage advances in EGS technology and demand to help meet South Australia’s growing power demand while supporting a clean energy transition. 🇦🇺🔋 EGS projects are no longer “potential”—they’re delivering results. By unlocking geothermal energy in locations once thought inaccessible, we’re seeing the path forward for a cleaner, round-the-clock energy supply. With its ability to scale, geothermal is poised to complement wind, solar, and storage in a way that’s both innovative and reliable. 💡 Why it matters: • South Australia continues to lead the energy transition, and Paralana can help fuel its ambitions. • Advances in drilling and reservoir tech are accelerating EGS adoption. • The growing interest from industries looking to decarbonize is creating incredible opportunities for geothermal to shine. 2025 is shaping up to be the year where geothermal energy—particularly EGS—cements itself as a key pillar of the global energy mix. We’re proud to be part of this journey and can’t wait to show how Paralana will play a pivotal role in powering a more sustainable future. 🌟🔥 Let’s harness the Earth’s energy to reshape tomorrow! #GeothermalEnergy #EnergyTransition #EGS #CleanEnergy #Innovation #SouthAustralia #Sustainability #Paralana #EarthsEnergy #FutureReady

🌋 Geothermal energy is heating up in Australia! 🌏⚡ 2025 is shaping up to be a pivotal year for geothermal, particularly in South Australia, where the demand for green, reliable baseload power is growing stronger every day. 🌱⚙️ With advancements in drilling and exploration technology, hot dry rock geothermal is making a well-deserved comeback. This renewable energy source has the potential to provide round-the-clock baseload power - immune to the sun shining or wind blowing🌞💨💡 #SouthAustralia stands out as a leader in this space, thanks to its rich geothermal resources and commitment to innovation. It’s time we fully leverage this untapped potential to power a cleaner, greener future. 🌿🏗️ Earth's Energy (ASX: EE1) holds Australia’s most advanced projects in South Australia - we are here to bring green baseload power to Australian grids. The energy transition is here, and geothermal is ready to take center stage. Let’s make 2025 the year we harness Earth’s energy like never before! 🌋✨ #GeothermalEnergy #SouthAustralia #RenewableEnergy #EnergyTransition #SustainablePower #GreenBaseload #CleanEnergyFuture #HotRockPower #InnovationInEnergy #EnergyResilience #NetZero Great chatting with Rachel Williamson!

"Australian hot rock #geothermal energy is back on the agenda." 🌍 Our CEO Josh Puckridge discusses how advanced drilling is unlocking its potential in this RenewEconomy article: https://lnkd.in/gcQVXnWR #EE1 #GeothermalEnergy #EnergyTransition #CleanEnergy #Sustainability #RenewableEnergy #Innovation #AustralianEnergy #NetZero

🌎 The Future of Geothermal Energy The International Energy Agency (IEA) latest report highlights the transformative potential of geothermal energy and the critical role of Enhanced Geothermal Systems (EGS) in the clean energy transition. 𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐲 𝐛𝐫𝐞𝐚𝐤𝐭𝐡𝐫𝐨𝐮𝐠𝐡𝐬 𝐚𝐫𝐞 𝐮𝐧𝐥𝐨𝐜𝐤𝐢𝐧𝐠 𝐡𝐮𝐠𝐞 𝐩𝐨𝐭𝐞𝐧𝐭𝐢𝐚𝐥 𝐟𝐨𝐫 𝐠𝐞𝐨𝐭𝐡𝐞𝐫𝐦𝐚𝐥 𝐞𝐧𝐞𝐫𝐠𝐲 Advances in horizontal drilling and hydraulic fracturing are opening new opportunities to access deeper, hotter resources. Geothermal is now poised to follow the innovation success stories of #solar PV, #wind, #EVs, and #batteries as a cornerstone of tomorrow’s #energy systems. 𝐆𝐞𝐨𝐭𝐡𝐞𝐫𝐦𝐚𝐥 𝐢𝐬 𝐚 𝐯𝐞𝐫𝐬𝐚𝐭𝐢𝐥𝐞, 𝐜𝐥𝐞𝐚𝐧, 𝐚𝐧𝐝 𝐬𝐞𝐜𝐮𝐫𝐞 𝐞𝐧𝐞𝐫𝐠𝐲 𝐬𝐨𝐮𝐫𝐜𝐞 With utilisation rates exceeding 75%, geothermal provides continuous, round-the-clock energy generation – far surpassing wind and solar. Its reliability and ability to stabilise grids make it the perfect complement to variable renewables. 𝐓𝐡𝐞 𝐩𝐨𝐭𝐞𝐧𝐭𝐢𝐚𝐥 𝐟𝐨𝐫 𝐠𝐞𝐨𝐭𝐡𝐞𝐫𝐦𝐚𝐥 𝐢𝐬 𝐧𝐨𝐰 𝐭𝐫𝐮𝐥𝐲 𝐠𝐥𝐨𝐛𝐚𝐥 The report reveals that next-generation geothermal systems have the technical capacity to meet global electricity demand 140 times over, making geothermal the second-largest #renewableenergy resource behind solar PV. Read the full IEA report here: https://lnkd.in/dQwcs7zV #Geothermal #CleanEnergy #EnhancedGeothermalSystems #IEA #EnergyTransition

International Energy Agency (IEA) says that new technologies and techniques (just like the ones Earth's Energy is deploying) conservatively sees geothermal’s LCOE to average US $50 per MWh and predicts US $1 trillion investment into geothermal projects by 2035. Enhanced Geothermal Systems (EGS) is confirmed as the key innovation… something we agree with. Earth's Energy’s #SouthAustralian projects at Paralana and Flinders West are Australia’s most advanced. #GeothermalEnergy #CleanEnergy #SustainableEnergy #EnergyInnovation #RenewableEnergy #EnhancedGeothermalSystems #SouthAustralia #FutureEnergy #ClimateAction

🌍 Earth's Energy #Geothermal Evolution. In this episode of Stockhead Road to 2025 series, Sarah Hughan explores Earths Energy and the significant progress we’re making on our geothermal projects. With 2025 shaping up to be a transformative year, we’re advancing our efforts to unlock the potential of renewable energy. 🎥 Tune in to see what’s ahead as we continue driving innovation in geothermal energy: https://lnkd.in/gQXAfqey #GeothermalEnergy #RenewableEnergy

Earths Energy (ASX: EE1) may hold answers to #SouthAustralia's grid stability issues. The geothermal projects we're developing in South Australia are on the grid🔌and capable of reliably producing green baseload electricity⚡during all hours 🕰️ of the day... not just when the sun is shining ☀️ or the wind is blowing 🌪️. #GeothermalEnergy #GridStability #RenewableEnergy #BaseloadPower #SouthAustralia #SustainableFuture #CleanEnergySolutions #EnergyTransition #GreenEnergy https://lnkd.in/gUBMEVpd

🌍 J.P. Morgan’s latest article highlights the growing potential of next-generation geothermal energy as a clean, 24/7 power source. By tapping into Earth’s heat, it offers zero-carbon baseload electricity—making it a transformative solution for reliable and sustainable energy systems. ⚡💡 As innovation and investment accelerate, geothermal could play a key role in addressing the global demand for clean and firm power. 🌱 Read the article here: https://lnkd.in/gJYfqkEE #GeothermalEnergy #CleanEnergy #EnergyTransition #Sustainability #RenewableEnergy #ZeroCarbon #BaseloadPower #Innovation #ClimateAction #GreenEnergy

"#EE1 is at the forefront of Australia’s reinvigorated geothermal energy sector as it develops baseload green power projects with the reliability of traditional energy sources such as nuclear, gas, and coal-fired power stations without the emissions or safety concerns." We’re excited to be featured in The Australian as one of the "15 Companies to Watch in 2025"! 🌍⚡ Check out the full feature here: https://lnkd.in/gX6BPcgQ