Geothermal proposals in Spain and Gran Canaria

Following the award of EUR 120 million in funding for geothermal proposals in Spain by the the Ministry for the Ecological Transition and the Demographic Challenge (MITECO) which was announced in November 2023, multiple announcements have been made for proposed geothermal studies mostly in the Canary Islands.

Gran Canaria

In Gran Canaria, the Island Energy Council (CIE) has proposed a EUR 31-million project that will focus on geothermal exploration and possible drilling in the municipalities of Valsequillo, Ingenio, Agüimes, and Telde. These sites had been previously identified by Canary Islands Volcanological Institute (Involcan) as high-potential areas for geothermal development.

The CIE has established a public-private consortium to carry out the project, currently consisting of three companies from the Canary Islands – Canary Islands Base, Ayagaures Medio Ambienta, and Canaluz Infinita. The consortium is currently in negotiations with other parties that may join the project.

Enteq Technologies plc (LON:NTQ) develops and supplies equipment for Measurement, Logging and Geo-steering while drilling of wells for the Geothermal, Oil and Gas markets.

Click to view all articles for the EPIC:
Or click to view the full company profile:
Enteq Technologies plc

More articles like this

Enteq Technologies plc

Understanding Methane Capture

Since the advent of the industrial revolution, man has continued to explore distinct ways of fulfilling energy needs. One of these techniques heavily relied upon is the extraction and burning of fossil fuels, an activity largely

Enteq Technologies plc

Enteq Technologies expects revenue of $900k for 2024

Enteq Technologies expects to report revenue of about $900,000 for the financial year ended 2024, down from $6.2 million posted for financial 2023. The company says this reflects its sale of the XXT business for about

Enteq Technologies plc

Unlocking the potential of Geothermal Energy in the US

A limitless supply of heat exists beneath our feet within the Earth’s crust, but harnessing it at scale has proved challenging. Now, a combination of new techniques, government support and the pressing need to secure continuous

Enteq Technologies plc

Geothermal Heat: An Untapped Alternative to Gas

Geothermal energy is a suitable alternative to gas in Hungary, said one expert in response to the suggestion that Hungary could heat with geothermal energy instead of natural gas. Hungary’s geothermal heat flow, or simply put,

Enteq Technologies plc

Geothermal Energy: The future of US energy production?

Though geothermal represents only a tiny fraction of current US energy production, several businesses and President Joe Biden’s administration are betting on technological advances to make it a backbone of the green transition. “If we can

Enteq Technologies plc

DOE report charts pathways for next-generation Geothermal Power

The release of the report, “Pathways to Commercial Liftoff: Next-Generation Geothermal Power”, by the U.S. Department of Energy (DOE) marks a pivotal moment in the recognition of geothermal innovation as a cornerstone for accelerating global decarbonization.

Enteq Technologies plc

EGS technology for efficient and renewable Geothermal Energy

Imagine harnessing the Earth’s natural heat to power our homes and businesses, not with traditional geothermal plants, but with Enhanced Geothermal Systems! EGS: Unlocking Hidden Potential Benefits for a Greener Future Enteq Technologies plc (LON:NTQ) develops and

Enteq Technologies plc

Unlocking the potential of low-carbon Geothermal Energy

Beneath our feet lies an almost limitless source of low-carbon energy. Until now, geothermal energy has generally only been economic in regions where an abnormally hot subsurface is combined with permeability. But new technology promises to

Enteq Technologies plc

Geothermal power surges globally with 3% capacity increase

Amid the growing clamor for sustainable and clean energy sources, geothermal power has marked a significant milestone. Recent data reveals a 3% increase in global geothermal electricity-generating capacity in 2013, with the United States, the Philippines,