TDK Corporation announced today that its corporate venture-capital subsidiary, TDK Ventures Inc., is investing in geothermal power-generation company Rodatherm’s $38M Series A funding round.

A new approach to geothermal energy with the potential to meet residential, commercial, and industrial heating needs is receiving almost $500,000 in funding from Emissions Reduction Alberta (ERA) to develop, test, and validate the technology.

At the Geothermal Accelerator Conference in Ottawa this week, twenty-three organizations representing the geothermal industry released a declaration of intent to establish a Canadian Deep Geothermal Coalition to advance the development of a geothermal energy in Canada.

"Regina is in a kind of Goldilocks zone" for geothermal energy, said geologist Erik Nickel.

GreenFire Energy Inc., a next-generation geothermal developer, and Toyo Engineering Corporation (TOYO), a global leader in engineering services in the upstream industry and EPC business have signed a Memorandum of Understanding (MOU) to jointly deploy GreenFire Energy’s Advanced Geothermal Systems (AGS) in the Asia Pacific region.

Around 20,000 households in Hannover, Germany are to be supplied with climate-friendly district heating by enercity and Eavor.

Geothermal energy can meet domestic energy needs while positioning Canada as a global leader in clean energy services and technology.

The Department of Defense (DoD) continues to lay the groundwork to deploy new geothermal technologies across military installations to support mission assurance and support increased power generation to meet the growing demand for energy.