Chevron and Baseload Capital create joint venture to explore geothermal development opportunities

December 15, 2022

Chevron Corporation (NYSE: CVX), through its Chevron New Energies business, and Baseload Capital have announced a joint venture to develop geothermal projects in the United States. The two companies will collaborate on driving geothermal opportunities – including identifying the best prospects for development, operations and progressing the next generation of geothermal technologies from pilot to commercial scale. Through this agreement, Chevron and Baseload Capital will work together to create awareness around geothermal energy which will be a critical supply option for renewable energy.

Geothermal energy provides baseload, reliable power – and will be a critical element in developing the energy systems of the future. Chevron and Baseload Capital believe that to reach a lower carbon future, all forms of energy will be required, and geothermal power provides a reliable source of renewable power that will also enable other lower carbon solutions.

Read the full press release on CISION

RELATED POSTS

Combat climate change, let's get it done and make great business out of it - Mattias Goldmann

What if we've had it wrong all this time? Trying to persuade people to become more sustainable by using images of starving polar bears and whales with stomachs full of plastic or talking about the impact of climate change on future generations and people in far-off lands.

Electronic waste is the biggest waste stream in the world - Niklas Sundberg, Senior VP ASSA ABLOY

Did you know technology currently has the same emissions as the global aviation industry? That’s 1-2 % of total global carbon emissions! We are also generating 57 million tons of electronic waste

How to understand EU taxonomy - Søren Berg Rasmussen, Investment Manager at Nefco

For a long time, almost every business could claim to be sustainable, and it was hard to tell which claims were true and which were just greenwashing.

If you put your mind to it, anything is possible

Today there is a lot of talk about victory. Victory is glorified, sought after and often the focus of discussion.
1 2 3 21
menu linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram