ALPHAXIOMS Geothermal News & Energy Research

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Showing posts from January 15, 2023

"Exploring the Intriguing Connection Between Geothermal Energy and the Sun"

Sunset and Sunrise in Geothermal Plants : Photo Credit Ormat Technologies Inc Geothermal energy is a form of renewable energy that is generated by harnessing the heat from the Earth's core. The heat is generated by the decay of radioactive elements in the Earth's crust and is conveyed to the surface through hot water and steam reservoirs. The Sun plays a role in the generation of geothermal energy because it is responsible for the Earth's internal heat. The Sun's energy heats the Earth's surface, which causes water to evaporate and become part of the hydrologic cycle. The water then seeps into the Earth's crust, where it is heated by the Earth's internal heat, and then rises back to the surface as hot water and steam. This process is known as geothermal convection. Additionally, The Sun also plays a role in the potential of the Ea...

"Revolutionizing Energy: NIA report pushes DOE to commercialize advanced nuclear technology

DOE seal (Image: @energy-gov) Recommendations come in a new report Transforming the US Department of Energy: Paving the Way to Commercialize Advanced Nuclear Energy Are you curious about the future of advanced nuclear technology and its potential to combat climate change? The Nuclear Innovation Alliance (NIA) has released a groundbreaking report that delves into the role of the US Department of Energy (DOE) in driving the commercialization of these cutting-edge technologies. The report reveals a host of intriguing recommendations for the DOE, including the establishment of an Advanced Nuclear Energy Earthshot to establish the United States as a global leader in the field The non-profit think-tank, NIA, has released a report that highlights the need for the Department of Energy (DOE) to transform itself into a better partner for the emerging advanced nuclear energy industry. The report states that the entrepreneurial culture of the industry is a strength, but it requires a well-suited f...

"DOE Unleashes $10 Million Prize to Bring Community Solar to Underserved Communities"

image source:(Unsplash.com Zbynek burival) The U.S. Department of Energy's National Community Solar Partnership (NCSP) has taken a significant step forward in promoting the deployment of community solar projects that are equitable and exemplify best practices. The Community Power Accelerator™, along with its $10 million prize, aims to leverage $5 billion in private-sector financing commitments to assist community-based organizations and other mission-aligned project developers in securing financing and constructing community solar projects, particularly in disadvantaged and underrepresented communities. This innovative program brings together a diverse group of stakeholders including investors, philanthropic organizations, developers, community-based organizations, and technical experts, all working together to increase the number of equitable community solar projects that are financed and deployed. Developers will receive technical assistance and access to a Learning Lab, which wi...

"Occidental CEO Unveils Groundbreaking Low-Carbon Vision for Enhanced Oil Recovery and CO2 Capture in Colorado"

Photo Credit :Wikipedia Occidental Petroleum Headquarters Occidental Petroleum Corp. (NYSE: OXY) is securing drilling permits in Colorado with unprecedented regularity, a trend that has the energy giant's CEO envisioning ambitious carbon capture and enhanced oil recovery projects in the state. The Houston-based company, which is Colorado's largest oil and gas producer, may have faced a rare setback in March, but has since grown comfortable enough with the state's stringent regulations to consider Colorado as a key player in the company's low-carbon oil vision, on par with its larger operations in Texas - as long as regulatory predictability can be maintained, according to Occidental CEO Vicki Hollub in an exclusive interview with the Denver Business Journal. Hollub's ambitious vision for the future includes investing in Colorado plants that capture carbon dioxide from the air and use it to enhance oil well production, as well as in new natural gas-burning power pla...

"WildFire Energy Consolidates Power in Eagle Ford: Largest Acreage Position in the Basin Acquired"

Photo Credit: World Oil WildFire Energy has made a significant acquisition in the Brazos Valley region of its Eagle Ford asset from Chesapeake Energy Corporation. The acquisition includes approximately 377,000 net acres and 1,350 wells, positioning WildFire as a leading operator in the Eastern Eagle Ford basin with a total of 2,000 gross wells on 600,000 contiguous net acres. The acreage acquired had an average net daily production of 27,700 boe (85% liquid) during Q3 2022 and as of December 31, 2021, had net proved reserves of 96.8 MMboe. This acquisition is highly synergistic with WildFire's existing assets and the consolidation of 600,000 contiguous acres is transformative for the company. It will drive economies of scale and deliver more high-margin barrels to the advantageous Gulf Coast market. WildFire Energy is an independent energy platform company formed to acquire and optimize production-weighted oil and gas assets, and is led by CEO Anthony Bahr, President a...

"Unleashing the Power of Progress: Mochovce Nuclear Plant set to Enter Next Phase of Operation"

The Mochovce nuclear power plant (Image: Slovenské elektrárne) The Nuclear Regulatory Authority of Slovakia has granted approval for the next phase of the Mochovce Nuclear Power Plant, the energy start-up phase, which will see the reactor's power increased to 5%. The phase will involve a series of rigorous tests, including simulations of scenarios that are unlikely to occur during normal operation. The power of the reactor will be gradually increased, with tests conducted at each stage, and when the reactor reaches 20% power and sufficient steam is produced, the first turbine-generator will be connected to the electricity system of the Slovak Republic, marking the beginning of low-carbon electricity flowing into the grid. Construction on the first two units of the 471 MWe VVER began in 1982, and units 3 and 4 were slated to begin construction in 1986, but were put on hold in 1992. The first two units were completed and began operation in 1998 and 1999, with the completion of units ...

"Unlock the Future of Energy: €195m Research Call Open for Clean Hydrogen Partnership"

© shutterstock/Scharfsinn Are you ready to revolutionize the future of energy? The Clean Hydrogen Partnership has launched a €195m research call for projects that will push the boundaries of hydrogen technology and help society achieve net zero emissions. This massive funding opportunity is focused on essential priorities outlined in the Strategic Research Agenda, with the goal of directly and quantitatively impacting the objectives of the Clean Hydrogen JU. But hurry, the call ends on April 18th! The European Union is making big moves in the hydrogen game. The REPowerEU directive has set the ambitious target of producing and importing 10 million tonnes of renewable hydrogen by 2030, bringing the total to a staggering 20 million tonnes annually by the end of the decade. But what exactly is the Clean Hydrogen Partnership? It's a public-private initiative supporting research and innovation in hydrogen technologies throughout Europe. The project will receive €1bn from the EU between ...

"Uncovering the next big lithium find: Argentina Lithium & Energy's mission"

© shutterstock/PAITOON INSE Argentina Lithium & Energy Corp. (LIT), a Canadian junior exploration company, is at the forefront of the global push for a cleaner and greener future. With a focus on acquiring, exploring and developing lithium brine projects located in Argentina, LIT is a member of the esteemed Grosso Group, a resource management team that has been a pioneer in the mineral exploration industry in Argentina since 1993. This esteemed management group has a track record of making four exceptional metal deposit discoveries and expanded its focus to include alternative fuels in the mid-2000s. In 2016, LIT began its exploration for lithium brines in the salar (salt lake) district of northwest Argentina, part of the district known as the Lithium Triangle. The company identified Argentina as the standout destination for investment due to the plethora of geological opportunities for large-size, low-cost lithium brine production; a favourable political environment, leading to ex...

"Unlocking the Secrets of Fast Reactor Fuel Safety: US and Japan Join Forces in a Groundbreaking Experiment"

An experiment in the experiment in Broad Use Specimen Transient Experiment Rig (BUSTER) is loaded into TREAT (Image: INL) As the world searches for sustainable energy solutions, a groundbreaking research program into the safety of fast reactor fuel is set to resume at Idaho National Laboratory (INL) next month. After being suspended since the 1990s, the program will use INL's Transient Reactor Test (TREAT) facility to mimic postulated accident conditions in fast reactors and test the safety of high-burnup materials. INL researchers have crafted a special capsule to house the experiments and repurposed fresh legacy fuel pins from the lab's former EBR-II reactor, which ceased operations in 1994, for experimental commissioning tests. The team will now move on to transient experiments on high-burnup materials archived from historic irradiation testing in EBR-II, including tests on mixed oxide fuel used by Japanese and French fast reactor designs and metallic alloy fuel used by th...

"France's nuclear power bill moves forward in Senate, sparking debate on energy independence and potential global impact."

The EPR2 reactor design (Image: EDF) The French Senate has begun a crucial discussion on a bill that aims to expedite the construction and operation of new nuclear facilities. The bill, which was approved by the French Council of Ministers in November 2022, is a response to the pressing need to address the climate crisis and the security of energy supply in light of the recent Ukrainian conflict. The bill will streamline the administrative and bureaucratic processes required to build new nuclear power plants, and repeal existing obstacles that impede the growth of the nuclear industry. The Senate's Economic Affairs Committee has appointed Daniel Gremillet as the rapporteur for the bill, which will be voted on January 24th. The bill also removes the objective of reducing the nuclear share of France's electricity production to 50% by 2035, and includes the possibility of using small modular reactors (SMRs) and hydrogen electrolysers. The bill also establishes a specific procedure...

"Unlocking the Potential: Nebraska embarks on a journey to uncover the perfect spots for Small Modular Reactors"

Cooper (Image: NPPD) The Nebraska Public Power District (NPPD), operator of the Cooper nuclear power plant, is embarking on an exciting journey to identify the perfect spots for small modular reactors (SMRs) with the help of a state-allocated funding of $1 million from the American Rescue Plan Act. This funding will be used to complete a siting study that will assess the state-wide locations that are most suitable for SMRs based on geographic data and preliminary licensing criteria. This two-phase study will kick off with the assessment of 15 "best locations" for SMRs, expected to be completed this Spring, and will then proceed to an in-depth evaluation of the chosen sites, which will include detailed field environmental and constructability evaluations based on US Nuclear Regulatory Commission plant licensing criteria. The goal of this second phase is to reduce the number of sites to four. The study is estimated to take about a year to complete. NPPD has partnered with engi...

"Chevron Strikes Gold: Major Gas Discovery in the East Mediterranean"

Photo Credit: chevron Chevron, the American multinational energy corporation, announced that it has made a "significant" discovery of natural gas in the East Mediterranean, specifically in Egypt's Nargis Offshore area. The company drilled the Nargis-1 exploration well, which yielded 61 meters of Miocene and Oligocene gas-bearing sandstones, according to Clay Neff, president of Chevron International Exploration and Production. This exciting discovery comes on the heels of Chevron's entry into the Egyptian upstream sector in 2020 and the company is looking forward to collaborating with the Egyptian government, Egyptian Natural Gas Holding, and its partners to further develop Egypt's energy sector. The East Mediterranean is known to have abundant energy resources and this discovery is likely to spur strategic collaboration in the region. Eni, Chevron's partner in the venture, also ...

"Unleashing the Power of Partnership: Korea and UAE Forge Ahead in Nuclear Energy Collaboration"

President Yoon Seok-yeol's state visit included a visit to the Barakah nuclear power plant (Image: Office of the President) The leaders of South Korea and the United Arab Emirates have agreed to strengthen their partnership and collaborate more closely in the peaceful use of nuclear energy. During a meeting between Korean President Yoon Seok-yeol and UAE President Mohammed bin Zayed Al-Nayhan, several memorandums of understanding were signed to deepen and accelerate cooperation in this area. The two leaders also agreed to strengthen cooperation in other areas, such as conventional and clean energy, economy and investment, and defense and defense technology, as well as emerging industries and culture. The joint statement released by the two countries recognized the importance of nuclear power as a source of energy security and a crucial element in the transition to a clean economy. The leaders expressed their determination to deepen and accelerate collaboration in the peaceful nuc...

French energy giant TotalEnergies invests $1 billion in a new oil project off the coast of Brazil

FPSO Cidade de Caraguatatuba; Source: MODEC French-headquartered energy giant TotalEnergies has approved a final investment decision (FID) for an oil development project located in the Santos Basin, 300 km off the coast of Brazil. TotalEnergies announced the FID for the Lapa South-West oil development project on Monday, 16 January 2023. The French player operates this project with a 45 per cent interest, in partnership with Shell (30 per cent) and Repsol Sinopec (25 per cent). David Mendelson, Senior Vice President, Americas at TotalEnergies Exploration & Production, remarked: “This latest development is an important milestone for TotalEnergies in Brazil that will increase its operated production in the pre-salt Santos Basin, a key growth area for the company. With its efficient engineering approach and synergies with existing facilities, this project illustrates TotalEnergies’ strategy of focusing on low-cost, low-emissions assets.” The Lapa South-West project will be develo...

Top 4 worldwide Wind Installed Capacity

1. China is the leader in wind power generation, with continued rapid growth in new wind facilities. With it's large land mass and long coastline , China has exceptional wind power resources: Estimated China has about 2,380 gigawatts (GW) of exploitable capacity on land and 200GW on sea. Wind power remained China’s third-largest source of electricity at the end of 2022, accounting for 8.2% of total power generation. - European Union has a total installed wind capacity of about169.3 gigawatts (GW). A total of 15,680 MW of wind power was installed, representing 55% of all new power capacity, and the wind power generated 336 TWh of electricity, enough to supply 24.8% of the EU's electricity consumption. wind power is likely to continue to grow in the European Union. According to a European Environment Agency report...

Sweden the heartbeat of Europe's rare earths deposits

LKAB owns and run the Kiruna ore mine, which is Europe’s largest underground iron ore operation. ( Image courtesy of LKAB. ) LKAB, Swedish state-owned mining company , said it had found Europe’s largest known deposit of rare earths close to Kiruna, the country’s northernmost town. This discovery might unchain the continents dependence in mining from the China. 98% of the group of 17 minerals used in electric vehicles (EVs), portable electronics, wind turbines and military equipment are produced by the nation. According to LKAB, the Per Geijer deposit, north of the company’s largest iron ore mine in the Swedish Arctic, is estimated to contain more than 1 million tonnes of rare earths. Developments still in exploratory phase with the full extent of the deposit is not known. “It will be at least 10 to 15 years before we can actually begin mining and deliver raw materials to the market,” chief executive officer Jan Mostrom said in t...

Maren Maras plans 99-MW geothermal power development in Aydin, Türkiye

Maren Maras plans 99-MW geothermal power development in Aydin, Türkiye Maren Maras is planning a 99-MW geothermal development in Aydın’s Germencik district, consisting of three 33-MW plants with binary-cycle technology, based on regulatory filings and the Final EIA report. The project is expected to generate about 730 GWh annually and requires an estimated TRY 1.82 billion investment. Maren Maras Plans 99-MW Geothermal Power Development in Aydın, Türkiye Maren Maras Elektrik Üretim Sanayi ve Ticaret A.Ş., part of Kipaş Holding, has advanced plans for a major geothermal expansion in Türkiye’s Aydın province. According to regulatory documents and reporting on the company’s environmental filings, the project will add 99 MW of installed geothermal capacity in the Germencik district through three separate 33-MW power plants. The project adds another large-scale development to one of Türkiye’s most active geothermal regions. Aydın has long been a core province for geothermal power in th...

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