ALPHAXIOMS Geothermal News & Energy Research

Mercury’s $1 Billion Geothermal Expansion Signals a New Era for New Zealand’s Renewable Energy Future By: Robert Buluma   Mercury Doubles Down on Geothermal Power New Zealand’s renewable energy transition has entered a bold new chapter after Mercury announced plans to significantly scale its geothermal platform with a potential investment of up to $1 billion. The announcement marks one of the country’s most ambitious geothermal expansion strategies in recent years and reinforces geothermal energy’s growing role as a reliable, baseload renewable power source capable of supporting future electricity demand. Mercury revealed that it will immediately commit NZ$75 million toward geothermal appraisal drilling at two major projects located near Taupō — Ngā Tamariki and Rotokawa. These developments could collectively generate an additional 1 terawatt-hour (TWh) of electricity annually, enough to power approximately 125,000 more homes across New Zealand. The projects are expected to t...

Grenada’s Geothermal Gamble Enters Defining Phase at Mount St. Catherine By: Robert Buluma The Caribbean’s race toward clean, independent, and resilient energy has entered a defining chapter as Grenada pushes its geothermal ambitions into the most critical stage yet. Backed by international financing, advanced drilling technologies, and a growing regional determination to break free from imported fossil fuels, the island nation is now standing at the edge of a potentially transformative energy revolution. In a major announcement released by the Caribbean Development Bank, Grenada’s geothermal programme has officially advanced into an expanded exploratory drilling campaign at Mount St. Catherine — a move that could determine whether the country possesses commercially viable geothermal resources capable of powering its future. For Grenada, this is far more than an energy project. It is a national strategic mission tied directly to energy security, electricity affordability, economic r...

Eavor at the Crossroads: What Geretsried Really Tells Us About the Future of Closed-Loop Geothermal By Alphaxioms Geothermal Insights | May 13, 2026 For years, Eavor Technologies was the geothermal sector's most talked-about enigma. The company raised hundreds of millions of dollars, attracted backing from heavyweights including BP , Chevron , Helmerich & Payne , and Temasek , and made bold promises about a proprietary closed-loop technology that would quietly revolutionise how humanity extracts heat from the earth. But it rarely said much in public. The secrecy was, to many observers in the geothermal community, a feature rather than a bug — protecting intellectual property, managing competitive intelligence, buying time. Now, Eavor is talking. And what it is saying is worth listening to very carefully. In an exclusive interview published on May 13, 2026, by GeoExpro editor Henk Kombrink, Eavor's new president and CEO Mark Fitzgerald — who took the role in October 2025 ...

Green Therma and Stadtwerke Wismar Sign Letter of Intent to Explore Geothermal District Heating in Germany By : Robert Buluma   Wismar, Germany – May 12, 2026 — A new step toward decarbonizing urban heating systems has been set in motion after Green Therma ApS and Stadtwerke Wismar GmbH signed a Letter of Intent to jointly assess the potential for deploying geothermal district heating in Wismar, Germany. The agreement marks an early but strategic move toward integrating advanced closed-loop geothermal technology into one of northern Germany’s established district heating networks, as cities across Europe accelerate efforts to phase out fossil-fuel-based heating systems. Early-Stage Collaboration Targets Clean Heat Transition Under the agreement, both organizations will work together to evaluate whether geothermal energy can be integrated into Wismar’s existing district heating infrastructure. The partnership will begin with a structured pre-feasibility study covering geolog...