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Margün Enerji to Acquire Turkish Geothermal Firm Hez Enerji in USD 150 Million Deal

Margün Enerji’s USD 150 Million Acquisition of Hez Enerji Signals a New Geothermal Consolidation Wave in Türkiye The global renewable energy sector is undergoing a rapid phase of consolidation, with strategic acquisitions reshaping ownership structures, accelerating capacity expansion, and strengthening long-term energy security. One of the latest and most significant moves comes from Türkiye, where Margün Enerji Üretim Sanayi ve Ticaret A.Ş. has agreed to acquire geothermal company Hez Enerji İnşaat San. ve Tic. A.Ş. in a deal valued at approximately USD 150 million . The transaction, which includes an operational geothermal power plant and additional resource licenses, underscores the aggressive expansion strategy of Margün Enerji in the geothermal space. This acquisition is not just a financial transaction—it represents a broader strategic pivot in Türkiye’s renewable energy landscape, where geothermal energy is increasingly becoming a core pillar of baseload clean power generati...
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Zanskar Driller Job in Utah

 **Join Our Team as a Driller in Utah's Stunning Zanskar!**

image source: (unsplash)

Are you passionate about drilling and seeking a thrilling new opportunity in the heart of Utah's natural wonders? Look no further! Zanskar, a leading drilling company, is now hiring a skilled Driller to join our dynamic team.

**Why Choose Zanskar?**

1. **Adventure and Scenic Beauty:** Work amidst the breathtaking landscapes of Utah's pristine wilderness, where towering mountains and awe-inspiring canyons surround you.

2. **Cutting-Edge Equipment:** Utilize state-of-the-art drilling machinery and tools, ensuring safety and efficiency in all operations.

3. **Career Growth:** Expand your skills and knowledge through ongoing training and development programs, allowing you to advance in your career within our organization.

4. **Collaborative Environment:** Join a supportive team that values teamwork, communication, and mutual respect, fostering a positive work culture.

**Qualifications:**

- Previous experience as a Driller or related field (minimum of 3 years).
- Knowledge of drilling equipment, procedures, and safety protocols.
- Ability to interpret plans, blueprints, and technical drawings.
- Strong problem-solving and decision-making skills.
- Excellent communication and teamwork abilities.

**How to Apply:**

Visit our website at [www.zanskar.com/careers](www.zanskar.com/careers) and navigate to the Driller position to submit your application. Please attach your resume, detailing your relevant experience and qualifications.

Don't miss this opportunity to combine your passion for drilling with the unparalleled beauty of Utah's Zanskar. Join us today and be part of our exciting journey!

*Zanskar is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or veteran status.*

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Eavor steps back from operator role in the Geretsried geothermal project

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 ...
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LCOE Benchmarking: Eavor Technologies vs. Fervo Energy

LCOE Compared: Eavor Technologies vs.  Fervo Energy   Two Bets on Next-Generation Geothermal An Alphaxioms Geothermal Insights Analysis | May 2026 Image:  Eavor and Fervo Drilling Rigs well poised in their respective well pads , drill baby , baby what a time to be a live Introduction: Why the Cost Question Matters Now The global geothermal sector is in the middle of a pivotal moment. After decades of stagnation largely confined to volcanic hotspots, two fundamentally different technological approaches are racing to prove that geothermal energy can be deployed broadly, cheaply, and at scale. Eavor Technologies , the Calgary-based advanced geothermal systems (AGS) company, and Fervo Energy , the Houston-based enhanced geothermal systems (EGS) pioneer, represent the sharpest divergence in next-generation geothermal strategy today. Each company is backed by hundreds of millions of dollars in private capital, each has reached key commercial milestones, and each is advancing ...
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Iceland Drilling Company Reveals Future of Deep Geothermal Innovation

Exclusive Expert Insights on Superhot Resources, Cost Barriers, Africa’s Growth, and the Next Era of Geothermal Energy By : Robert Buluma   Image:Bruce Gatherer, Geothermal Drilling Business Development & Operations Advisor at Iceland Drilling Company, and Sveinn Hannesson, CEO, who provided the expert insights behind this exclusive interview. Geothermal energy is entering a new and far more extreme frontier. As the global energy transition accelerates, attention is shifting from conventional hydrothermal systems to superhot, ultra-deep, and engineered geothermal systems that promise dramatically higher energy yields and broader geographic applicability. In this exclusive expert exchange,  Iceland Drilling Company  shares detailed insights on the future of geothermal drilling,covering technical frontiers, cost structures, workforce challenges, Africa’s geothermal opportunity, oil and gas crossover, digitalization, partnerships, and what the next 10–15 years may hold f...
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The XGS Energy Heat Sponge Solves Geothermal's Biggest Problem

The XGS Energy Heat Sponge Solves Geothermal's Biggest Problem I mage: A californian XGS well pad Imagine drilling a hole into the Earth’s hot crust  but instead of simply dropping in a pipe and hoping for the best, you paint the inside of that hole with a magic material that soaks up heat like a sponge soaks up water. Then you seal it, circulate a fluid, and generate clean, firm electricity  24/7, no fracking, no water consumption, no earthquakes. That’s not science fiction. That’s XGS Energy . While most of the geothermal world has been chasing fracked reservoirs or massive drilling rigs, XGS quietly built a prototype, ran it for over 3,000 hours in one of the harshest geothermal environments on Earth, and landed a 150 MW deal with Meta – enough to power tens of thousands of homes or a massive data center campus. This is the story of a technology that might be the most elegant, low-risk, and capital-efficient path to scalable geothermal power. Let’s dig in. Part 1: The Pro...
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Pennsylvania Geothermal Pilot Sparks Revolutionary Enhanced Energy Systems Expansion

Pennsylvania’s $14 Million Geothermal Pilot Ignites Energy Revolution By:  Robert Buluma The United States geothermal industry is entering a transformative era, and Pennsylvania has suddenly emerged at the center of that revolution. Long known for its oil, gas, and coal legacy, the Commonwealth is now positioning itself as a future powerhouse for next-generation geothermal energy through an ambitious Enhanced Geothermal Systems (EGS) demonstration project backed by a $14 million grant from the U.S. Department of Energy . The announcement by the Pennsylvania Department of Environmental Protection (DEP) is far more than another clean energy story. It represents a bold reimagining of America’s energy infrastructure, one where abandoned and active oil and gas wells may soon become gateways to a new geothermal economy. At the heart of this initiative lies a groundbreaking concept: extracting the immense heat stored beneath Pennsylvania’s surface and transforming it into reliable ele...
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Mazama vs Quaise: Superhot Geothermal Technology Comparison Guide

The Race to the Earth’s Core: A Superhot Geothermal Showdown By: Robert Buluma After half a century of being confined to geologically unique hotspots, geothermal energy is finally going global. At the heart of this revolution are two very different companies. Mazama Energy and Quaise Energy are both racing to do something that has never been done before: create a commercially viable, superhot rock (SHR) geothermal power plant. But while their destination is the same, their maps for getting there could not be more different. Mazama is taking the most advanced version of the oil and gas industry’s playbook and running it at record temperatures. Quaise is throwing that playbook away entirely and betting on a new kind of drill powered by fusion-grade technology. This is a head-to-head comparison of their technologies, their timelines, and their ultimate potential to reshape our energy landscape. Part 1: Mazama Energy – The Record‑Breaking Reservoir Creator Mazama is not a newcomer to t...
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Amazon NV Energy Geothermal Deal Powers AI Data Centers

Amazon’s First Geothermal Deal Signals a New Era for AI Data Centers in Nevada By:  Robert Buluma Amazon’s entry into geothermal energy through a landmark partnership with Nevada utility NV Energy marks a major turning point in how hyperscale data centers are powered in the United States. The agreement, centered in the Reno region, is more than a corporate clean-energy procurement—it represents a structural shift toward 24/7 carbon-free electricity for AI-driven infrastructure. At its core, the deal combines geothermal baseload energy, large-scale solar generation, and battery energy storage into a unified system designed to power one of the fastest-growing data center hubs in North America: the Tahoe-Reno Industrial Center. This is Amazon’s first formal entry into geothermal energy, placing it alongside other major technology companies that are increasingly investing in firm renewable energy sources to support artificial intelligence workloads. The Core Agreement: 700MW ...
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Fervo Energy IPO Sparks New Era in Geothermal Power

Fervo Energy’s IPO Ignites a New Era for Geothermal Power By: Robert Buluma   On May 4, 2026, Fervo Energy made a bold and defining move—one that could reshape not just its own future, but the trajectory of geothermal energy worldwide. The company officially announced the launch of its Initial Public Offering (IPO), signaling a major transition from an ambitious private innovator to a publicly traded force in the global energy market. This moment is not just about shares, valuations, or stock tickers. It represents a deeper shift—a powerful intersection between finance and the future of clean, reliable, and scalable energy. And at the center of it all lies one critical question: Is geothermal energy finally ready for prime time? A Strategic Leap into Public Markets Fervo’s IPO plans are both ambitious and calculated. The company intends to offer 55,555,555 shares of Class A common stock , with an expected price range between $21.00 and $24.00 per share . Should investor demand...
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Mazama Energy Newberry Superhot Geothermal Breakthrough Reshapes Clean Energy

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Mercury Expands New Zealand Geothermal Platform With Billion Dollar Investment

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...
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