Subways and Underground Garages Are Untapped Geothermal Energy Sources https://t.co/4NoNRp6CIy ...

Core Insights - Ormat Technologies is recognized as the leading geothermal energy developer and operator in the US, highlighting its significant position in the industry [1] - Recent legislation, specifically the OBBBA, acknowledges the potential of geothermal energy and continues to provide incentives for its development [1] Company Overview - Ormat Technologies operates primarily in the geothermal energy sector, which currently contributes a small share to overall energy production in the US [1] - The company has a long-standing reputation and is supported by a growing interest in renewable energy sources [1]

Technology & Innovation - Qua Energy is developing super hot geothermal technology using ultra-deep drilling to access extremely hot rocks, potentially yielding 5 to 10 times more power per well [1][2] - Quaise Energy's technology, invented at MIT in 2007, utilizes an electromagnetic beam to vaporize rock and reach depths of up to 12 miles (approximately 19 kilometers) where temperatures can reach 500°C [2][3] - The oil industry typically drills to depths of 2 to 3 miles (approximately 3 to 5 kilometers), where temperatures reach no more than 150 to 200°F (approximately 66 to 93°C) [2] Market Opportunity & Potential - Super hot geothermal energy offers a lower net cost for heat due to significantly higher energy output, despite costlier drilling [4] - The market potential is significant due to the increasing power demands from data centers, AI, and electrification [5] - Quaise Energy plans to pilot its super hot geothermal power plant near Bend, Oregon, aiming for readiness by 2028 [4] Investment & Funding - Quaise Energy has received a total of $13 million in VC funding to date [6] - Quaise Energy is backed by investors including Prelude Ventures, Engine Ventures, Sapphire Partners, Mitsubishi, and Collab Fund, in addition to Neighbors Industries [5] Industry Impact & Repurposing - The technology could help repurpose a significant portion of the labor force currently working on oil and gas assets [6]

Renewable Energy Transition - New Zealand aims to double geothermal energy usage by 2040 to support its shift to renewable electricity [1]

Energy & Technology - Data centers' energy demands may undermine the US advantage in the AI race [1] - Super hot geothermal is a perfect technology solution for data centers [1] People - @khoslaventures' @vkhosla shared his opinion on BloombergGreen [1]

Final GOP bill kneecaps renewables and hydrogen, but lifts nuclear and geothermal | TechCrunch https://t.co/0yOar1ixmd ...

Group 1 - The article highlights the historical significance of Prince Piero Ginori Conti's achievement in 1904, where he successfully lit five light bulbs using a generator that utilized steam from the earth in Larderello, Italy [1] - This event marked the beginning of commercial geothermal energy development, showcasing the potential of harnessing natural steam for electricity generation [1] Group 2 - The article does not provide any additional relevant information regarding companies or industries beyond the historical context mentioned above [2][3]