Oil news
The AI Boom Is Driving a Massive Geothermal Energy Revival
Geothermal energy is becoming Big Tech’s newest darling. Silicon Valley is upending its deep pockets into enhanced geothermal startups in a bid to stay one step ahead of the massive energy demand growth trend being spurred by the AI boom. Geothermal boasts key advantages over leading clean energy technologies, most notably the fact that it’s a constant, baseload clean energy source and that it’s one of vanishingly few zero-carbon alternatives with broad bipartisan support in the United States. As a result, this relatively niche…
Categories: Oil news
Trump Bets Big on a Nuclear Comeback
United States President Donald Trump is putting his money where his mouth is as he doubles down on efforts to accelerate the expansion of the country’s nuclear energy sector. The government will spend billions in public funding to reinvigorate U.S. nuclear power, following decades of underinvestment. Unlike renewable energy, Trump views nuclear power as key to expanding the U.S. electricity generation capacity and recently announced the target of quadrupling nuclear capacity by 2050. In May, President Trump signed an executive order calling…
Categories: Oil news
Iran Is on the Brink of “Water Bankruptcy”
Decades of mismanagement compounded by prolonged drought have pushed Iran to the brink of what experts call water bankruptcy. With reservoirs running on empty and rainfall at a record low, the authorities have begun rationing water supplies in the Iranian capital, Tehran, a city of some 10 million people. President Masud Pezeshkian has warned that the water crisis could lead to the evacuation of parts of Tehran and has gone as far as floating the possibility of moving the capital. Kaveh Madani, director of the Canada-based United Nations University…
Categories: Oil news
The UK Is Transforming Coal Mines Into Geothermal Hubs
Coal mines are finding a second life as companies invest in repurposing huge, disused coal sites into geothermal power projects. In the U.K., the government and energy companies have been discussing the idea for several years, and it seems to be gaining momentum with the launch of the first geothermal mine projects this year. Energy companies have realised the potential of flooding abandoned coal mines to provide vast quantities of geothermal power, as water in coal mines can reach a temperature of up to 20 degrees Celsius. Mine water geothermal…
Categories: Oil news

