In a ceremony, Icelandic startup GIRO handed over its heat and pressure measurement tool for high heat borehole work of up to 400 degrees Celsius. The tool was developed in cooperation with the National Power Company of Iceland (Landsvirkjun).
Scottish government sets aside an additional $6.6 million for the development of district heating systems, which is supposed to help geothermal and solar heating projects and fighting increasing energy costs to consumers. Total funding for the next two years is around $17 million.
Alstom is in negotiations on the acquisition of a 30 percent stake in geothermal developer Deltom Jeotermal in Turkey. Under the agreement both companies would partner on the development of geothermal power projects in the country.
Exergy announces the signature of a contract to supply a 24 MW Organic Rankin Cycle power plant to Karadeniz Holding in Turkey. The project will be built in two 12 MW stages at the Umurlu geothermal field near Denizli, Turkey.
With the political crisis in Ukraine and the Crimea, Europe will have to rethink its dependence on Russian gas and oil. With gas supply from Russia heating homes and business across Europe, geothermal energy could actually help replace large parts of that.
Icelandic geothermal company HS Orka, majority owned by Canadian Alterra Power, announces its financial results for 2013, reporting a net loss of $2.9 million. It also reports an increase of 129% for its revenue share from the operation of the geothermal spa operations of the Blue Lagoon.
At the GeoTHERM expo & congress last week in Offenburg, Germany, German company BESTEC was awarded the 1st European Geothermal Innovation Award for the company's contribution to the development of commercial EGS projects.