September 02, 2022
Situational awareness: Hello! George Moriarty, senior editor for Axios Pro Deals, here with a quick update on our Axios Pro Deals publishing schedule.
- Beginning today, we will send a digest of each week's Pro newsletters every Friday. The digests will feature the biggest story from each day, and give a link to that day's full newsletter.
- This change comes in response to consistent reader feedback that you want a digest of deals each week, and you want more special projects and in-depth reporting.
- These digests will bring you a roundup of the week's deals news in one place. Keep your eyes peeled for new projects from our amazing journalists.
1. 💸 Geothermal bidding war
An auction for geothermal energy development on federal lands set a record this week. Companies placed six-figure bids for lease sales across more than 190,000 acres — nearly double the amount of land as the previous record-setting auction last fall, Alan wrote on Wednesday.
Why it matters: The surge in interest reflects mounting investor appetite for geothermal energy development and, by extension, the level of demand they expect to see for the round-the-clock, clean electricity that geothermal can generate.