Iceland Begins ‘Thor’ Scheme To Produce Geothermal Energy From Magma

If successful, the experimental project could produce up to 10 times more energy than an existing conventional gas or oil well, by generating electricity from the heat stored inside the earth: in this case, volcanic areas. Launched in August last year, the drilling was completed on January 25, reaching a record-breaking depth of 4,659 metres … Read more

Oil Giant Taps China’s Vast Geothermal Reserves

Chinese state-run energy giant Sinopec has drilled hundreds of wells across the country without finding a single drop of oil. But that was precisely the point: instead of black gold, the almost mile deep holes are providing clean heat for local homes. While two-thirds of China’s electricity is generated by coal, almost all of the … Read more