Skip to main content

Posts

Showing posts from February 5, 2023

Just In

California Court Orders New Environmental Review for Imperial County Geothermal Lithium Project

California Appeals Court Orders New Environmental Review for Imperial County Geothermal–Lithium Project Image: California Salton Lake Sea Hell’s Kitchen geothermal and lithium extraction plan sent back for deeper water, air-quality and mitigation analysis under CEQA A California appeals court has ordered Imperial County to conduct a more rigorous environmental review of the proposed Hell’s Kitchen geothermal power plant and lithium extraction project near the Salton Sea. The Fourth District Court of Appeal found that the county’s original environmental impact report (EIR) did not adequately address long-term water availability, enforceable mitigation measures for water shortages, or potential air-quality impacts tied to the receding Salton Sea. The ruling partially reverses a lower court decision and remands the case to Imperial County Superior Court, requiring the county and project developer Controlled Thermal Resources to address the identified deficiencies before the project can mo...

"Centrus Energy Corporation sets sights on HALEU breakthrough with year-end demonstration"

Exciting news for the advanced nuclear sector as the US-based Centrus Energy Corporation has completed construction on a cutting-edge uranium enrichment plant in Piketon, Ohio. This state-of-the-art facility features a cascade of 16 advanced centrifuges and is set to revolutionize the production of high-assay low-enriched uranium (HALEU) by the end of 2023. The HALEU cascade at Piketon (Image: Centrus) With the support of the US Department of Energy, Centrus received USD150 million in funding to bring this project to life. The cascade and its associated systems have undergone rigorous testing and the completion of fissile material storage and Nuclear Regulatory Commission (NRC) operational readiness reviews are the final steps before production can commence. Piketon is the only production facility in the US that has been licensed by the NRC for HALEU production, making this a major milestone in the advanced nuclear industry. The HALEU produced here will be enriched to between 5% and 20...

South Korean organizations unite to innovate in the maritime industry with the development of Small Modular Reactor (SMR) powered ships

Nine South Korean organisations have signed a memorandum of understanding (MoU) to cooperate on the development and demonstration of ships and offshore systems powered with small modular reactors (SMRs). The partners will also develop marine systems and the production of hydrogen using molten salt reactors (MSRs) . Representatives from the partners mark the signing of the MoU (Image: KAERI) Since July, an advisory panel - the Green Transformation (GX) Executive Committee - has been considering the implementation of major changes in energy, all industries, and the economy and society in order to achieve the goal of achieving net-zero emissions by 2050. The government's GX implementation meeting was held on 22 December, during which a roadmap for the next ten years was agreed as a "basic policy for the realisation of GX". Under the new policy - which describes nuclear power as "a power source that contributes to energy security and has a high decarbonisation effect...

SWITZERLAND: MEASUREMENTS FOR THE MAGGLINGEN GEOTHERMAL PROJECT WILL START IN MID-MARCH

The routes of the vibration vehicles in the 13 communities. Source: Wärmeverbund Magglinge Next week, as part of the geothermal project in Magglingen, Switzerland, around 2,700 measurement devices will be deployed for underground data collection. The actual measurements are scheduled to start in mid-March and will last for about three weeks. The Magglingen geothermal project, which will provide heat for the National Sports Center in Magglingen (NSM) in the future, is entering a new phase. In preparation for the planned measurements, around 2,700 measurement devices will be deployed in Leubringen/Magglingen and twelve other communities for underground data collection. They will remain there for about two months. The actual measurements will start, depending on the weather conditions, in mid-March and will last for about three weeks. They are aimed at locating the suspected warm water reservoir in the depths. The results will be evaluated in early 2024. Investigation of the underground u...

"Rising from the Heat: Europe Embraces the Power of Geothermal Energy"

Forget about relying on finite sources of energy. Europe is turning towards a renewable and unlimited energy source - geothermal. With France, Iceland and Hungary leading the way, several countries are investing billions of euros in this energy source to meet their energy demands . image source: (unsplash.com,Mark Kuiper) A Rich European Tradition Europe has a rich history in geothermal energy, with Iceland, France, and Hungary dominating the sector. However, in recent years, more and more countries have shown an increased interest in exploring the potential of this renewable energy source. Geothermal energy is 100% renewable, unlimited, and reliable - making it a valuable resource in the race towards decarbonization. The ongoing conflict in Ukraine has highlighted the continent's vulnerability in the energy sector and has only reinforced the trend towards investing in geothermal energy. Decarbonizing 25% of Energy Demand Geothermal power plants are estimated to provide up to 10% o...

"Equinor Uncovers Seventh Treasure in the North Sea: An Oil and Gas Discovery"

Equinor Strikes Again! The energy giant has made a remarkable discovery in the North Sea, marking the seventh find since autumn of 2019. The latest addition to its list of achievements, the Røver Sør discovery, is said to hold an estimated 17 to 47 MMboe, with a majority of it being oil . Jan Arne Wold and Elisabeth Sahl / ©Equinor Partnered with DNO, Wellesley Petroleum and Petoro, Equinor operates the production license and continues to make waves in the oil and gas industry with its string of successful discoveries, including Echino Sør (2019), Swisher (2020), Røver Nord (2021), Blasto (2021), Toppand (2022), and Kveikje (2022). Geir Sørtveit, Equinor's Senior Vice President for Exploration and Production West Operations, says that discoveries close to existing infrastructure are vital to maintain oil and gas production on the Norwegian continental shelf, as they are more profitable and can be brought to production with minimal carbon emissions. With Røver Sør being in close pro...

Poland Leads the Charge to a Sustainable Future with Industria's Partnership with Rolls-Royce SMR for Green Energy

Rolls-Royce SMR and Polish company Industria have joined forces to revolutionize the country's energy infrastructure with the deployment of small modular reactors (SMRs). Alan Woods, Rolls-Royce SMR’s Director of Strategy and Business Development, left, and Szczepan Ruman, CEO of Industria (Image: Rolls-Royce SMR) Industria, part of the state-owned Industrial Development Agency JSC (IDA), has chosen Rolls-Royce SMR for the Central Hydrogen Cluster with the aim to produce 50,000 tonnes of low-carbon hydrogen annually. With the potential of "up to three" SMRs and the possibility of replacing over 8GW of coal-fired power plants, this collaboration has the power to shape a sustainable future for Poland. Tom Samson, CEO of Rolls-Royce SMR, said this partnership has "enormous potential" and could support thousands of high-skilled jobs in both Poland and the UK.  Meanwhile, President of the Board of IDA, Cezariusz Lesisz, sees this as a "great opportunity" to...

"US DOE Pledges $74 Million to Boost the Development of Enhanced Geothermal Systems"

P ilot Projects Will Work to Scale EGS, And Help Provide Renewable Geothermal Energy to over 65 Million American Homes (image source: unsplash.com, Sam Bark) WASHINGTON, D.C.—The U.S. Department of Energy (DOE) today announced a funding opportunity of up to $74 million for up to seven pilot projects that will test the efficacy and scalability of enhanced geothermal systems (EGS). Directed by the landmark Bipartisan Infrastructure Law (BIL), the pilot projects will use innovative technology and a variety of development techniques to capture the Earth’s abundant heat resources in diverse geologic settings. Through this investment, DOE hopes the research and development from the findings would demonstrate the growth and ultimate potential for geothermal energy to provide reliable, around-the-clock electricity to tens of millions of homes across the country. This is DOE’s first funding opportunity for geothermal energy since the launch of the Enhanced Geothermal ShotTM , part of DOE’s Ener...

"Belgium Eyes the Future with Proposal to Keep Older Reactors Running"

 "Brace Yourself for a Nuclear Revolution!" Doel units 1 and 2 (Image: Engie Electrabel) The Belgian government is taking a bold step towards securing its energy future by asking ENGIE to investigate the possibility of extending the operation of the country's three oldest reactors - Doel 1 and 2 and Tihange 1 - until 2027. The clock is ticking and the reactors are scheduled to shut down in 2025, but the government has a plan to keep the lights on. During the scorching summer months, the government hopes to reduce the electricity production of the reactors and extend their operation, ensuring energy supply security through the winter of 2025-2026 and 2026-2027. The energy ministry spokesman, Jonas Dutordoir, says, "The challenges faced in Ukraine and the French nuclear energy sector have prompted us to explore ways to create more certainty and reduce risks in energy supply." The government has tasked ENGIE with conducting a safety assessment of the proposed ...

TotalEnergies embarks on perfect underwater CO2 storage sites off the coast of Denmark

image source: (oilandgasdaily) TotalEnergies, an oil and gas company, just secured two permits to search for the perfect spot to store millions of tonnes of CO2 in the North Sea. This area is a prime location for carbon storage, as the firm can utilize exhausted oil and gas wells, along with undersea aquifers, all connected by pipelines.  The TotalEnergies permits cover 2,000 square kilometres, 250 km off the Danish coast and includes the Harald gas field, as well as other aquifers. The goal is to store as much as 5 million tonnes of CO2 by 2030, in an effort to reduce the environmental impact of polluting industries.  TotalEnergies will hold an 80% stake and act as the operator, with a state-owned Danish firm holding the remaining 20%. This will be TotalEnergies' fourth North Sea project, with previous ventures in British, Dutch, and Norwegian waters. Carbon capture is the process of capturing carbon dioxide emissions from industrial processes or power generation before they ...

Unleashing the Power of the Earth: DEEP's Groundbreaking Geothermal Project Takes Off in Estevan

DEEP drilled its first well in November, 2018. Now, after over four years of development, the project is going ahead. Photo by Brian Zinchuk DEEP Earth Energy Production Corp. Takes the Plunge into Construction of Pioneering Geothermal Power Project After years of intensive exploration and meticulous planning, DEEP Earth Energy Production Corp. has finally given the green light to the construction of its historic first geothermal power project. This visionary initiative promises to deliver carbon-free, baseload power generation that harnesses the heat of the earth's core. The company has announced that it has finalized its strategy for the development, construction, and commissioning of its first geothermal project in southeast Saskatchewan. The engineering and procurement phase is already underway, and field construction is scheduled to commence in the third quarter of 2023. "Geothermal power generation has the potential to provide a constant supply of clean and renewable ene...

"Aramco Ramps Up Investment with Plans for 90 Upstream Oil and Gas Projects"

GETTY IMAGES Saudi Aramco is poised to award contracts for approximately 90 initiatives over the next three years as it continues with its significant upstream oil and gas capacity expansions. The company plans to tender and award contracts for 66 projects concerning oil and gas processing and refining facilities, 14 projects relating to pipelines and distribution, and 10 for civil infrastructure and security systems. Contractors attending the recent In-Kingdom Value Add (iktva) Forum in Dhahran indicate that Aramco is ramping up its investment after a slowdown due to the COVID-19 pandemic and economic slowdown. The planned 90 projects are expected to necessitate 12,000 kilometers of pipelines, 20,000 kilometers of cables, and 2.2 million cubic meters of concrete. Despite the optimistic outlook on the business in the region, contractors believe that there may be some challenges along the way, such as supply chain bottlenecks, competition for personnel and materials, and prolonged lockd...

TotalEnergies and Air Liquide Unite to Revolutionize Heavy-Duty Transportation with 100+ Hydrogen Fueling Stations Across Europe

image source: (unsplash.com, Tommy Krombacher) Get ready for a cleaner, greener future in heavy-duty transportation! TotalEnergies and Air Liquide are joining forces to create a network of over 100 hydrogen fueling stations across Europe, revolutionizing the way goods are transported. TotalEnergies and Air Liquide are teaming up to revolutionize heavy-duty transportation in Europe! The two companies are joining forces to create a joint venture that will bring a network of hydrogen fueling stations to major European roads. With a goal of deploying over 100 stations in France, Benelux, and Germany, the venture will make it easier than ever to access hydrogen fuel and spur the growth of the hydrogen sector. TotalEnergies will bring its experience in energy distribution and station management to the table, while Air Liquide will contribute its technology expertise and mastery of the entire hydrogen value chain. The joint venture will invest in, build, and operate these hydrogen stations, p...

"Oracle Energy and Emirates Global Aluminium Sign MoU to Explore Green Hydrogen Supply and Delivery

  Hydrogen pipeline. Courtesy of Rawpixel dot com On February 1st, 2023, Oracle Energy and Emirates Global Aluminium (EGA) signed a Memorandum of Understanding, pledging to collaborate and examine the feasibility of Oracle Energy providing approximately 50,000 tonnes of Green Hydrogen to EGA annually. This would make up the majority of the total output from Oracle Energy's planned Green Hydrogen Project in Pakistan. If negotiations proceed smoothly, it is intended that a binding agreement will be signed at the 2023 UN Climate Change Conference (COP28) to be held in the UAE from November 30th to December 12th 2023. The objective of Oracle Energy is to produce a total of 55,000 tonnes of high-purity Green Hydrogen each year, which is equivalent to producing 150,000 kg of hydrogen daily. The MoU is valid for one year from January 30th, 2023, and both parties have agreed to work towards the acquisition of Green Hydrogen ahead of COP28. EGA's aim is to incorporate Green Hydrogen and...

MoltexFLEX Secures Funding for Groundbreaking Graphite Exploration

A cutaway of the FLEX reactor (Image: MoltexFLEX) MoltexFLEX, a Warrington-based company, has secured a grant from the prestigious Henry Royce Institute of Advanced Materials (Royce) for ground-breaking research aimed at qualifying industrial-grade graphite for applications in advanced molten salt nuclear technologies. This grant, awarded as part of Royce's Industrial Collaboration Programme (ICP), seeks to boost research and innovation activities across the United Kingdom. Graphite plays a crucial role in controlling the fission process in FLEX reactors and other nuclear reactors, and MoltexFLEX aims to explore the use of readily available industrial-grade graphite as part of its commitment to using readily accessible, "off-the-shelf" components. The research, which will be conducted in partnership with the University of Manchester's Nuclear Graphite Research Group (NGRG), will make use of cutting-edge facilities in the university's irradiated materials laborator...

Poland ignites the future of energy with universities launching cutting-edge nuclear courses as PKN Orlen fuels the nation's ambitions with plans to launch 79 small modular reactors

Image: www.gov.pl Poland is poised to lead the way in nuclear energy innovation. Minister of Education and Science Przemysław Czarnek has declared nuclear energy as the "energy sector of the near future" and believes that science must support business, entrepreneurship, and the economy. The ministry is taking a proactive approach to job creation, estimating that 100 specialist jobs will be created for each Small Modular Reactor (SMR) power plant built. With plans to build a fleet of GE Hitachi Nuclear Energy's BWRX-300 SMRs, that could mean "at least several thousand jobs" for Poland's growing energy sector. The country is on track to have its first SMR built by the end of the decade, and this presents a crucial challenge - the need for highly skilled engineers and specialists to operate the planned nuclear power plants. To meet this challenge, six universities in Poland have signed a letter of intent to educate and train the next generation of nuclear energ...

Popular posts from this blog

Eavor Kleefeld II Permit Boosts Hannover Geothermal Expansion and Deep Heat Development

Eavor Secures Kleefeld II: A New Milestone for Hannover’s Deep Geothermal Ambitions Image: A Thematic image of The Eavor Project at Geretsried  Eavor’s new Kleefeld II permit marks an important step forward for deep geothermal development in Hannover, reinforcing the city’s position as one of Germany’s most closely watched urban heat-transition markets . The licence covers about 64.5 square kilometers, lasts for three years, and combines the former Buchholz and Kleefeld I exploration areas into a single, larger field that Eavor already controlled. The decision is more than an administrative update. It signals continued confidence in geothermal as a practical, scalable source of district heating in a dense metropolitan region. For Hannover, it also strengthens a project that has been building momentum for several years and could become a reference case for other European cities seeking cleaner, locally produced heat. A New Chapter For Hannover Kleefeld II sits in the northeast of...

XGS Energy IPO: Morgan Stanley, Geothermal Growth, and Fervo’s Market Momentum

XGS Energy Weighs IPO After Hiring Morgan Stanley, Chasing Fervo's Geothermal Momentum Geothermal developer XGS Energy has hired Morgan Stanley to evaluate an initial public offering, positioning itself as a potential second geothermal IPO of 2026 after Fervo Energy's blockbuster listing. The move underscores growing investor appetite for clean, firm power technologies as data-center demand and grid reliability concerns reshape the energy investment landscape. The Scoop: Morgan Stanley, IPO Timing, and Market Context In early July 2026, Axios Pro reported that XGS Energy engaged Morgan Stanley to assess a public listing, with company leadership potentially deciding within about a month whether to proceed. The timing is strategic: Fervo Energy's May 2026 IPO created a rare "open window" for geothermal equities, providing valuation benchmarks and investor education that earlier private rounds lacked. For investors, the narrative is straightforward. If Fervo proved t...

Arverne’s 70 Million Euro ORANE Financing Boosts Geothermal Growth and Lithium Expansion

Arverne Finalizes 70 Million Euro ORANE Issue, a Milestone for France’s Geothermal Future Image: A thematic picture of Arvene welcoming a team at their Lithium De France Operations Arverne’s successful completion of its 70 million euro ORANE financing marks more than a capital raise, it signals momentum for one of France’s most ambitious geothermal platforms. Backed by GEOGREEN , Bpifrance ,  ADEME Investissement   Crédit Mutuel Equity , and Eiffel Investment Group , the transaction reinforces confidence in Arverne’s integrated geothermal and geothermal lithium strategy, while giving the company fresh resources to accelerate its Dual Flow plan . A financing round with strategic weight The announcement, made on 24 July 2026, confirms that the ORANE issue was fully subscribed for a total of 70 million euros . For Arverne, this is not just a funding event, it is a validation of a business model built around the full geothermal value chain, from subsurface expertise and drilling...

85 Degrees Renewable Secures €200M Project Finance Framework to Expand Dutch Geothermal Heat Infrastructure

85 Degrees Renewable Secures €200M Project Finance Framework to Accelerate Dutch Geothermal Heat Infrastructure 85 Degrees Renewable has taken a major step in the financing of geothermal energy with a new project finance framework of up to €200 million backed by ING and Rabobank. The facility is designed to support the company’s next phase of development in the Netherlands, including the expansion of its Central Oostland geothermal heat network and the broader growth of its renewable heat infrastructure platform. The announcement is especially significant because it shows that geothermal heat is increasingly being treated as a mature infrastructure asset rather than an early-stage experimental technology. The deal also highlights how geothermal energy is becoming more central to the Dutch energy transition. In a country where greenhouse horticulture is a major economic sector and heat demand remains heavily dependent on natural gas, renewable heat solutions are gaining strategic import...

Who Finances Next-Generation Geothermal Projects? Key Investors and Funding Trends

Who Is Financing the Next Generation of Geothermal Projects? Image : A thematic image of a geothermal power plant  The next generation of geothermal projects is being financed by a wide mix of venture capital firms, strategic corporate investors, commercial banks, institutional funds, and project finance lenders. The financing landscape is changing quickly because geothermal is moving from a niche clean-energy option into a serious infrastructure asset class with the potential to deliver reliable, 24/7 power at scale. Why geothermal finance is changing For years, geothermal struggled to attract large pools of capital because many projects were seen as technically risky, geographically limited, and difficult to scale. That perception is shifting as advanced geothermal technologies, especially enhanced geothermal systems, expand the number of places where geothermal can work. Investors now see a larger addressable market, stronger power demand, and better alignment with the needs of...

Geothermal EPC Companies: How Developers Choose the Right Contractor for Projects

Geothermal EPC Companies: How Developers Choose a Contractor Image: A Thematic image of a geothermal power plant  Geothermal developers choose EPC contractors by combining technical geothermal experience, financial strength, execution credibility, and the ability to manage field-specific risk. In recent awards, the strongest bidders have been those with proven geothermal references, repeat-delivery history, and the ability to package engineering, procurement, construction, and commissioning into one bankable offer . Why geothermal EPC is different Geothermal EPC is more complex than standard power plant construction because the contractor must build around a live underground resource. That means the project team has to deal with reservoir uncertainty, steam chemistry, scaling, corrosion, reinjection behavior, plant-field interfaces, and grid interconnection all at once . For developers, this turns EPC selection into a risk-management decision. The contractor is not just a builder; ...

Furusato Neden and HEXA Energy Services Boost Japan Geothermal Investment Opportunities

Furusato Neden and HEXA Energy Services Sign Strategic Agreement to Accelerate Geothermal Investment in Japan Image: The deal is done Japan’s geothermal sector has taken an important step forward following the announcement that Furusato Neden Co., Ltd. and HEXA Energy Services GK have signed a Memorandum of Understanding to explore geothermal investment opportunities. The agreement, announced on 30 July 2026, signals growing confidence in geothermal energy as a long-term solution for Japan’s clean energy transition. The collaboration is especially significant because it brings together two complementary strengths. Furusato Neden contributes geothermal development and operational experience, while HEXA Energy Services adds expertise in renewable energy finance, project development, power purchase agreements, asset management, and electricity aggregation. Together, the two companies are positioning themselves to evaluate existing and future geothermal opportunities in Kumamoto Prefectu...

Geothermal Well Cost 2026: Country Benchmarks, Drilling Costs per Meter, Depth & Reservoir Risk, and Investment Insights

Geothermal Well Cost by Country (2026): Drivers, Benchmarks, and Investment Implications image: a thematic image of a geothermal field Geothermal drilling remains one of the most capital‑intensive steps in developing clean, dispatchable energy. In 2026 the headline fact is familiar: drilling costs vary sharply between countries and projects. But the deeper story is about why those costs vary, which factors are controllable, and how investors, developers, and policymakers should interpret country‑level benchmarks. This article explains the technical and commercial drivers behind geothermal well expense, surveys the cost landscape across major geothermal markets in 2026, illustrates the dynamics with project examples and recent performance data, and offers practical recommendations for modeling, financing, and policy design. Why geothermal wells are expensive Drilling a geothermal well is not simply “digging a hole.” It is a technically complex, multi‑phase process that combines explorat...

Best US States for Geothermal Investment in 2026: Top Markets, Growth Opportunities, and Investor Insights

Best US States for Geothermal Investment The best US states for geothermal investment are California, Nevada, Utah, New Mexico, and Texas, with Oregon, Idaho, Alaska, and Arizona also offering attractive upside depending on whether you want operating assets, early-stage development, or next-generation geothermal exposure. Geothermal is becoming a broader investment story than it was a few years ago. Stronger drilling methods, rising demand for firm clean power, and more state-level policy support are widening the field beyond the traditional western hot spots. Introduction For investors , geothermal is one of the few clean energy technologies that can deliver round-the-clock power with a relatively small land footprint. That reliability is a big advantage in a market where utilities, data centers, and industrial customers increasingly want clean electricity that behaves more like conventional baseload generation. The challenge is that geothermal is highly location-dependent. The qualit...

Dominica Geothermal Milestone: Ormat’s Plant Boosts Caribbean Clean Energy Transition

Dominica’s Geothermal Breakthrough: What Ormat’s First Power Plant Means for the Caribbean and the Global Energy Transition Dominica has taken a major step forward in clean energy with the commercial operation of its first geothermal power plant, developed by Ormat Technologies . This milestone is more than a national achievement; it is a strong signal that geothermal energy can play a much larger role in the Caribbean’s future electricity mix. For an island region long dependent on imported diesel and exposed to fuel price volatility, the shift matters. Dominica’s new geothermal plant offers a cleaner, more stable, and locally produced source of power, and it could become a model for other volcanic islands seeking energy independence. A historic moment for Dominica Dominica sits in the Lesser Antilles volcanic arc, a region with substantial geothermal potential beneath its mountains and rugged terrain. For years, experts have known the island has the geological conditions needed for ...