ALPHAXIOMS Geothermal News & Energy Research

Geothermal Engineering Limited (GEL) : Technology, Financing, and Progress Image : Ryan Law is the C.E.O at GEL Geothermal Engineering Limited (GEL) is one of the UK’s most important geothermal developers, with a flagship deep-geothermal project at United Downs in Cornwall and a growing strategy that combines electricity, heat, and lithium extraction. It has also attracted a mix of private capital, public grants, and bank financing to move from exploration and drilling into commercial operations. Company overview GEL was incorporated in 2008 and is registered in Cornwall as a private limited company focused on electricity production, utility construction, and test drilling and boring. Its core mission is to use geothermal resources beneath the ground to support low-carbon power, heating, cooling, and ultra-low-carbon lithium production in the UK. The company presents itself as a lean specialist team built around geothermal engineering, geology, and community engagement capabilities. ...

Geothermal Drilling Cost Per Well: U.S. and Global Benchmarks by Country Geothermal drilling cost per well varies widely because no two projects face the same depth, geology, reservoir temperature, or drilling risk. In the United States and other major geothermal markets, costs can range from modest amounts for shallow residential boreholes to several million dollars for deep power-generation wells. A single “average” price is therefore misleading. The most useful way to understand geothermal drilling cost is to look at project type, depth, and country together, then compare those figures against the conditions that drive them. What A Geothermal Well Includes A geothermal well is more than a hole in the ground. It is a highly engineered underground asset that must be drilled, cased, cemented, tested, and often completed under demanding temperature and pressure conditions. For residential systems, the well or borehole is part of a ground-source heat pump loop field. For power projects, ...

Indonesian Billionaire Prajogo Pangestu’s $5 Billion Geothermal Bet Could Reshape Philippine Clean Energy A major deal is drawing attention across Southeast Asia’s energy sector: Indonesian billionaire Prajogo Pangestu’s Barito Renewables Energy has made an unsolicited $5 billion offer to acquire Energy Development Corp. (EDC), the largest geothermal company in the Philippines. The proposal, while still non-binding and subject to due diligence and approvals, signals just how strategically important geothermal energy has become in the region’s clean power race. If completed, the transaction would bring together one of Indonesia’s most prominent energy investors and the Philippines’ biggest geothermal operator in a deal that could influence both corporate strategy and regional renewable energy development. Even without a final agreement, the offer alone highlights the rising value of geothermal assets at a time when governments and investors are searching for dependable, low-carbon power...

TAQA and SGI Begin Drilling Tenerife’s First Deep Geothermal Exploration Well: A Major Step for Spain’s Clean Energy Future Image: TAQA equipments in the field  Tenerife crossed an important threshold in its energy transition. The island’s first deep geothermal exploration well, TSA-1, officially entered the drilling phase, marking a historic moment not only for the Canary Islands but for Spain’s wider renewable energy ambitions. For a region long seen as a strong candidate for geothermal development, this is the point where possibility turns into action. The campaign is being carried out by  Soluciones Geotérmicas Integradas , better known as SGI, a wholly owned subsidiary of TAQA , after the project received its critical “Ready-to-Spud” notification from Geotermia de Tenerife, the project owner. That signal may sound technical, but its meaning is simple: all planning, engineering, logistics, and permitting steps are complete, and the drill can finally go into the ground. In...