Chevron re-enters U.S. geothermal market

By Dorothy Davis 

Energy major Chevron (NYSE:CVX) has announced its re-entry into the U.S. geothermal power market, reports Renewable Energy World blogger Ian Crawford

Chevron Vice President of Strategy and Renewable Energy Investment, Gregg Rotenberg, delivered the news Tuesday at the Opening Session of the 36th Geothermal Resource Council Annual Meeting in Reno, Nevada. 

Rotenberg outlined Chevron has been examining geothermal opportunities in the U.S. for some time and is most interested in pursuing partnerships on projects of 10 MW or more rather than sole endeavors. 

It was also revealed that Chevron has already been investing in U.S. geothermal projects, such as taking the role of silent partner in the financing of EnergySource’s 49.9 MW Hudson Ranch 1 power plant in California commissioned this March.

Sign up for PennEnergy's eNewsletters
For Email Newsletters you can trust

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs