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Geothermal is especially harmed by the NEPA process because:
- Most of the best geothermal resources are located on federal lands
- Geothermal projects have to conduct multiple NEPA reviews to explore and develop resources, adding major uncertainty. (2/7)
The change is a huge deal because it would cover drilling activities for exploration activities.
The main goal of geothermal permitting is to turn step #4 on the chart below into a Catex and this change seems like it would do that! (3/7)
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Aidan Mackenzie
@AidanRMackenzie
Replying to @AidanRMackenzie
The key is to turn stage #4 on this chart from an environmental assessment into a categorical exclusion.
Early surveys can often get given CEs anyways under stage #3 so adopting a new new text for them is less useful than they seem.
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The proposed changes would create a categorical exclusion for activities that use less than 20 acres which is very generous.
The Catex would cover core drilling, temperature gradient wells, and resource wells (although limited to exploration purposes). (4/8)
Streamlining exploration is vital for de-risking complex next-gen geothermal projects.
Geothermal is highly capital intensive, making the delays and uncertainty caused by permitting extra painful. (5/8)
This proposal is much bigger than the changes BLM made earlier this year.
This time BLM is proposing to create an entirely new Catex tailored to covering exploration drilling activities. (6/8)
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Aidan Mackenzie
@AidanRMackenzie
While a big win, it's important that @BLMNational doesn't view this CE as "mission accomplished".
The new categorical exclusions adoption is helpful but might not cover the most thorough forms of geothermal exploration.
We should do a lot more:
x.com/AidanRMackenzi
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The press release sounds absolutely fantastic but it is important to wait and see the text on the federal register.
The details of these exclusions matter a great deal.
Defining “resource wells” and the details of which drilling activities are allowed will be crucial. (7/8)
BLM needs to include language for next-gen approaches.
E.g. EGS aims to measure a resource, directly test it and, once it has been confirmed, develop the well into a production well.
BLM’s needs to make sure their covers direct resource stimulation and full sized wells (8/8)
For more on the capital and permitting reforms needed for next-gen geothermal see our series: Hot Rocks.
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The lights are off in this building because it is night time and people are sleeping or not at home. Hope this helps!
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Phineas Harper
@PhinHarper
Presumably the Yimby theory for why so many of the Centrepoint flats are unsold and unoccupied is that there aren't enough of them? Have I got that right?
Readers added context
Only 3 out of 82 flats are still available for sale as of late October 2024:
centrepointresidences.co.uk/availability/#
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The fun thing about FTC actions is that you can immediately figure out who the bad actors are by looking at the markets. This is Planet Fitness's stock, you might be able to figure out when the FTC dropped its rule making it as easy to cancel a subscription as to sign up for one: