Geothermal energy companies harness the Earth’s natural heat to generate electricity and offer heating solutions. These types of companies stand out for specializing in the exploration, development and management of geothermal resources that will be used as sustainable and renewable energy sources to contribute to the fight against climate change. Below, we will learn about the main geothermal energy companies globally.
Calpine Corporation
Calpine Corporation is an American company that was founded in 1984. It is characterized by being a company specialized in renewable energy and is currently the main generator of electric energy in the United States, mainly taking advantage of sources such as natural gas and geothermal resources. The company has an approximate generation capacity of 27,000 megawatts with which it can supply energy to 27 million homes.
Calpine Corporation operates The Geysers project, the world’s largest geothermal energy complex, which harnesses natural steam from deep wells to generate clean, renewable electricity—enough to supply half of the geothermal energy consumed by the state of California.
Energy Development Corporation (EDC)
Energy Development Corporation (EDC) is a geothermal energy company based in the Philippines, known for being the number one geothermal energy producer in the Philippines and the second largest producer in the world. Energy Development Corporation operates geothermal power plants in various regions of the Philippines, through which they offer 100% renewable and affordable energy.
Enel Green Power
Enel Green Power is an Italian company founded in 2008. It is part of the Enel Group and is known for being a company specialized in the development and management of renewable energies, such as geothermal energy. Through its geothermal power plants, Enel Green Power is able to extract heat from deep wells (3,000 meters deep) to convert it into electrical or thermal energy.
Ormat Technologies
Ormat Technologies is an American company founded in 1965 and specializes in geothermal energy. Headquartered in Nevada (United States), it is characterized by being a company specializing in the exploration, design, development, construction, and operation of geothermal power plants around the world. It stands out for its more than 190 geothermal power plants distributed in different projects in North America, South America, Europe, Asia, and Australia.
Pertamina Geothermal Energy
Pertamina Geothermal Energy is a company founded in 2006 and is part of PT Pertamina or Perseo (Indonesia’s state-owned oil and gas company). Pertamina Geothermal Energy is characterized by being a company focused on the exploration and use of geothermal resources in Indonesia, a country with extensive geothermal potential thanks to its geographical location on the “Ring of Fire,” a 40,000-kilometer-long tectonic chain located in the Pacific Ocean, shaped like a horseshoe and characterized by high seismic and volcanic activity.
It is worth noting that thanks to Pertamina Geothermal Energy’s ability to provide 82% of Indonesia’s installed geothermal energy capacity, they have managed to reduce CO2 emissions by almost 10 million tons per year, thus contributing to national and global decarbonization.
Novomet
Novomet is a Russian company founded in 2018 that specializes in the design, development, construction, and installation of geothermal technologies. It is a company that offers a wide range of solutions for the completion and production of wells, including equipment for upper and lower completion systems necessary for the exploitation of geothermal resources. Novomet offers technology, products and services that ensure the efficient, reliable and sustainable operation of geothermal wells in the long term.
China Shaanxi Geothermal Energy Development Corporation
China Shaanxi Geothermal Energy Development Corporation is a Chinese company founded in 2013 that specializes in renewable energy, particularly in the geothermal energy sector. It is characterized by being a company that takes advantage of geothermal resources to produce clean and sustainable energy. One of the most important projects is the Yangbajing geothermal power plant in Tibet and the Xianyang geothermal power plant in Shaanxi.
NIBE Group
NIBE Group is a Swedish company founded in 1955, specializing in the design, development, manufacturing and supply of energy solutions for air conditioning and indoor heating. NIBE Group is currently a company with a presence around the world and has focused on the distribution of products that offer an efficient solution for air conditioning and indoor heating by using solar and geothermal energy. Among the most important products supplied by NIBE Group are heat pumps and geothermal installation equipment.
Terra-Gen Power
Terra-Gen Power is an American company founded in 2007 that specializes in the exploration, design, development and operation of utility-scale renewable energy projects. Terra-Gen Power is one of the leading companies in the United States that generate renewable energy through different technologies, including geothermal, solar and wind energy, thus promoting and contributing to sustainable energy solutions.
Alterra Power Corp
Alterra Power Corp is a Canadian company founded in 2011 that specializes in the generation of renewable energy, where it stands out its hydroelectric, wind, solar, and geothermal power plants. It is worth noting that Alterra Power Corp’s geothermal operations are primarily carried out in the United States and Iceland, such as the Reykjanes geothermal power plant in Iceland, which has an installed generating capacity of approximately 100 MW.
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