Texas Geothermal Energy Trade Group Launches with Big Backers

The Texas Geothermal Energy Alliance was organized as many fossil fuel giants and startup companies look to transition to low-carbon energy from oil and gas.

Liz Hampton, Reuters

A trade group seeking to promote geothermal energy in Texas will launch on Jan. 13 with backing from large oil and utility firms seeking to transform their businesses.

The Texas Geothermal Energy Alliance (TxGEA) was organized as many fossil fuel giants and startup companies look to transition to low-carbon energy from oil and gas. The group includes Halliburton, Repsol, Chevron Corp., Baker Hughes, CenterPoint Energy and GeothermEx, a Schlumberger company.

The former chairman of the state’s public utility and energy regulatory boards, Barry Smitherman, spearheaded the group’s formation. Texas is the largest oil- and gas-producing state.

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