🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
✕
Login
Home
News
Messages
Startup Showcase
Trackers
Premium
Premium Content
Jobs
Notifications
Settings
Try our Valuation Calculator →
Log In
News on Medial
A new type of geothermal power plant just made the internet a little greener
Wired
·
1y ago
Medial
A geothermal startup called Fervo has successfully developed a first-of-its-kind geothermal operation in the Nevada desert, known as Project Red. This small but significant project demonstrates a new approach to geothermal power that could utilize the Earth's natural heat anywhere in the world. By drilling into dry rock and creating an artificial hot spring, Fervo's enhanced geothermal system (EGS) generates hot water to drive turbines and produce clean electricity. With the support of Google, Fervo aims to make all of its data centers run on green energy 24/7.
View Source
Related News
Meta teams with XGS Energy to build a 150 MW geothermal power plant | TechCrunch
TechCrunch
·
1m ago
Medial
Meta is partnering with startup XGS Energy to develop a 150-megawatt geothermal power plant in New Mexico. Although specific details of the agreement remain undisclosed, the partnership aims to advance geothermal energy development in the state. This collaboration is part of a broader trend among tech companies embracing geothermal energy, which offers emissions-free, 24/7 electricity. XGS Energy utilizes a closed-loop system to minimize water loss, enhancing the efficiency of geothermal energy production.
View Source
Fervo Energy lands $206M in financing to build massive geothermal power plant | TechCrunch
TechCrunch
·
1m ago
Medial
Fervo Energy secured $206 million in financing to develop a major geothermal power plant in Utah, aiming to be the world's largest. Cape Station's initial phase will produce 100 megawatts in 2026, with a 400 megawatt expansion by 2028. Enhanced geothermal offers 24/7 emission-free power, leveraging oil and gas industry expertise. Funding includes $100 million from Breakthrough Energy Catalyst and $60 million from Mercuria. The startup's successful drilling results have encouraged investor confidence in geothermal's commercial potential.
View Source
Meta Platforms strikes geothermal energy deal to power US data centers
Economic Times
·
11m ago
Medial
Meta Platforms, the owner of Facebook, has announced a deal to purchase geothermal power from Sage Geosystems to supply its U.S. data centers. The first phase of the 150-megawatt project is set to be operational by 2027 and will expand the use of geothermal power in the United States. The location for the project is yet to be determined but will be east of the Rocky Mountains. This move aligns with the U.S. government's push for big tech companies to invest in clean power generation.
View Source
AI's energy hunger fuels geothermal startups but natural gas rivalry clouds future
Economic Times
·
7m ago
Medial
Geothermal energy startups are gaining traction as tech giants like Meta and Google look to power their AI data centers. While geothermal has been promoted as a faster, carbon-free alternative to nuclear energy, startups face challenges such as high upfront costs and lengthy project approval times. Oil majors like Chevron and Exxon Mobil are doubling down on natural gas, but smaller oil and gas producers and service companies are showing interest in geothermal. Geothermal aims to compete on cost, with the average levelized cost of electricity in the US being competitive with other dispatchable energy sources. Texas has emerged as a hotspot for geothermal exploration and development, thanks to abundant resources and favorable regulatory conditions. With government incentives and increasing private investments, the sector is receiving bipartisan attention.
View Source
India begins chip journey in just 15 months: MoS IT Rajeev Chandrasekhar
Economic Times
·
1y ago
Medial
In just 15 months, India has made significant progress in the semiconductor industry, with the construction of its first-ever semiconductor plant and the operation of 8 chip designing startups. Rajeev Chandrasekhar, Union Minister of State for Electronics and IT, stated that the opportunities in semiconductor manufacturing in India are immense, and investments will go to states that create an enabling environment and infrastructure. The government aims for India to become a semiconductor nation, following the success of mobile manufacturing in the country. The first India-made chip from the Micron plant is expected in December 2024.
View Source
America's largest power grid is struggling to meet demand from AI - The Economic Times
Economic Times
·
1m ago
Medial
America’s largest power grid, PJM, is struggling to meet growing demand due to rising data center and AI power needs, outpacing new power plant construction. Electricity prices are soaring, causing political and regulatory issues, with Pennsylvania threatening to exit the grid. Although reforms are underway, delays persist. PJM is under pressure to fast-track new power projects and manage expenses, while operational disruptions and potential blackouts loom.
View Source
Govt aims to make Indian auto industry world's No. 1: Gadkari
YourStory
·
8d ago
Medial
Union Minister Nitin Gadkari aims to make India's automobile industry the world's largest, highlighting its growth to Rs 22 lakh crore and its creation of 4.5 crore jobs, the highest in the country. Speaking in New Delhi, Gadkari noted that the industry contributes significantly to the economy and GST revenue but also emphasized the need to address pollution challenges by developing greener fuels, and diversifying agriculture towards energy and power.
View Source
Tata Power partners with Amazon Web Services
Economic Times
·
5m ago
Medial
Tata Power has partnered with Amazon Web Services (AWS) to modernize its digital infrastructure and energy management, aiming to drive India's energy transition towards a greener, smarter, and consumer-focused system. Utilizing AWS's cloud computing, AI, and IoT capabilities, Tata Power is enhancing real-time analytics, automation, and decentralized power generation. It has already migrated 23 mission-critical applications to AWS, strengthening its digital approach to optimize energy supply and demand for sustainability and efficiency.
View Source
Supreme Court allows Adani to operate Coastal Energen power plant without changes until NCLAT ruling | Mint
Livemint
·
11m ago
Medial
The Indian Supreme Court has allowed a consortium led by Adani Power Ltd to operate a power plant owned by Coastal Energen Pvt, which it successfully bid for, overturning an appellate tribunal's interim order. The consortium approached the Supreme Court after the National Company Law Appellate Tribunal directed the resolution professional to take charge of the plant. The Supreme Court restored the status quo ante, allowing the consortium to operate the plant but prohibiting any changes to its infrastructure or finances until a final order is issued. Adani Power's shares rose following the court's decision.
View Source
Sarda Energy gains 4% on Rs 150-crore order win
Money Control
·
1y ago
Medial
Sarda Energy and Minerals saw a 4% rise in its share price after securing a Rs 150 crore contract to construct a 50 MW solar power plant in Chhattisgarh. The project aims to fulfill the company's captive power requirements for its production and mining facilities. Gensol Engineering has been awarded the contract for designing, building, and commissioning the solar power plant. Sarda Energy and Minerals' board is scheduled to meet on February 3 to approve the unaudited financial results for the third quarter of FY24.
View Source
Trackers
Active Indian VC’s
OG Capital
Email
With a hands-on approach, OG Capital aims to invest in over 20 promising...
Accel Partners
Email
Early and growth-stage investments in disruptive technology companies with...
Blume
Email
Early-stage venture capital firm investing in technology startups in India. Focus on...
Access All Trackers
Startup Showcase Winners
June 2025
Buddy
Helping your parents when you are miles away
BiteStop
The Pit Stop Your Cravings Deserve
Bloomer
The next generation E-commerce platform
Enter Ongoing Startup Showcase
Top Users
Trending News on Medial
Download the medial app to read full posts, comements and news.
Go to Medial App
Not Now
Know everything that’s happening in the startup ecosystem, first.
Enable Notifications?
No, thanks
Count me in
