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Showing posts from February 19, 2023

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Global Geothermal Power Market Review 2026.

Global Geothermal Power: Policies, Funding, Wells, Strengths, Opportunities and Barriers Geothermal is moving into a broader investment cycle. In 2026, the story is no longer limited to volcanic power plants in a few classic markets; it now includes enhanced geothermal systems, closed-loop designs, district heating, superhot rock, lithium from brines and industrial heat. Across the United States, Canada, Germany, the United Kingdom, Australia, New Zealand, Japan, Iceland, France and Italy, the sector is being shaped by a simple question: who is de-risking the first wells, and who is ready to finance the next ones?  United States: the next-generation testbed The United States has the broadest geothermal innovation ecosystem in this group, with a mature conventional base in the West and a fast-growing next-generation pipeline. The main policy signal in 2026 is the Department of Energy’s US$171.5 million funding opportunity for next-generation geothermal field-scale tests, exploration...

The first prototype of Siemens Gamesa largest wind turbine is now fully installed

The future of wind energy is looking bigger and better than ever before! Rasmus Hvidbjerg Jensen, blades project manager, has revealed some exciting details about the development of the blades for the latest wind turbine project. And the best news? The first prototype of our largest wind turbine has been fully installed! source image: (siemens Gamesa) Jensen's team has been working tirelessly to develop and deliver five blades to the turbine project, and they have finally achieved their goal. This is a major milestone for the project, and the implications are huge. But what makes these new blades so special? According to Jensen, they are longer and bigger than their predecessors, but that's not all. There are more engineers working on technology development feeding into the next and new blade designs than there are engineers working on the design of the blades themselves. This means that the future of wind energy is in the hands of some of the brightest and most innovative mind...

"Nuclear Energy: The Resurgence of a Reliable, Clean, and Cost-effective Power Source"

Nuclear energy, once viewed with apprehension by many, is making a comeback in the energy sector. There are several reasons for this resurgence, including its ability to provide reliable power, reduce greenhouse gas emissions, and decrease dependence on fossil fuels. In this article, we will explore these reasons and examine why nuclear energy is becoming an increasingly attractive option for meeting our energy needs. (image source : chargiang core) Firstly, nuclear energy is a reliable source of power. Unlike renewable energy sources such as wind and solar, nuclear power plants can operate continuously, providing a steady stream of electricity. This makes nuclear energy an excellent choice for base-load power, which is the minimum amount of electricity needed to meet the demands of a region. Additionally, nuclear power plants can operate for decades without requiring significant maintenance or repairs, making them a dependable source of energy over the long term. Secondly, nuclear ene...

DOE Accelerates U.S. Floating Offshore Wind Deployment

The US Department of Energy (DOE) is leading the charge towards a future of clean, affordable energy with a massive new investment in floating offshore wind technology. The DOE's groundbreaking plan to advance offshore wind transmission planning, research and technology, and partnerships has just been unveiled as part of the Biden-Harris Administration's Floating Offshore Wind Shot Summit. With the vast majority of America's offshore wind resources located in deep-water areas that require floating platforms, the potential to bring clean power to millions of American homes and businesses is staggering. (imagesource:energypressstaff) These new actions support the ambitious goals of the Administration's Floating Offshore Wind Shot to reduce the cost of floating offshore wind energy by more than 70% by 2035 and deploy 15 gigawatts of floating offshore wind by 2035. This coordinated effort will position the US to lead the world in floating offshore wind technology, create th...

KenGen Kenya and European Investment Bank's partnership: Advancing Sustainable and Reliable Energy in East Africa

 KenGen Kenya, a leading power producer in East Africa, has been making strides towards the provision of sustainable and reliable energy for the region. One of its most significant partnerships has been with the European Investment Bank (EIB), which began with the co-financing of the Olkaria II power plant project, generating 105MW of clean energy. image source:KenGen This joint effort between EIB, the World Bank, and KfW Development Bank, along with KenGen Kenya, was a resounding success, and paved the way for other significant projects to be initiated. The Olkaria IV and Olkaria I unit 4 & 5 projects were some of the most noteworthy, with the 280MW project being the world’s largest Geothermal Power Project of its kind. This ground-breaking project has been a game-changer in the power sector, and its success has been attributed to the close collaboration between the partners involved. The European Investment Bank's involvement in the KenGen projects has been significant, with ...

Containment structure for Changjiang 3 nears completion

China has done it again! The China National Nuclear Corporation (CNNC) has announced the installation of the inner dome at unit 3 of the Changjiang nuclear power plant, located in the stunning Hainan province. This comes just a few days after the outer dome was successfully installed at Zhangzhou unit 1, another Hualong One unit. CNNC plans to have both units 3 and 4 fully operational by early 2027, and it seems like they are on track to achieve that. The steel inner dome in place at Changjiang 3 (Image: China Huaneng) This impressive inner dome - with a diameter of 46.8 metres, a height of 23.4 metres and a total lifting weight of 518 tonnes - was lifted into place using a 3200-tonne crawler crane. The successful installation of this steel dome, marking an "important milestone node in the construction of nuclear power projects", will play a critical role in ensuring the integrity and leak tightness of the reactor building, and containment of radioactive substances. China Hua...

Support for the restart of Japanese reactors reaches an all-time high, according to poll

It's official: the tide has turned in Japan's nuclear energy debate! For the first time in over a decade, a majority of respondents in the Asahi Shimbun's annual survey are clamouring for the country's nuclear power plants to be restarted. And the reason for this seismic shift in public opinion? Look no further than the Russian invasion of Ukraine, which has caused energy costs to skyrocket and forced the Japanese to rethink their energy policies. Tokyo Electric Power Company is awaiting regulatory approval to restart units 6 and 7 at its Kashiwazaki-Kariwa plant (Image: Tepco) In the Asahi Shimbun's latest survey, a whopping 51% of respondents voiced their support for resuming operations at the country's nuclear reactors. This marks a significant departure from the past, when only about 30% of respondents expressed their backing for nuclear energy. The remaining 42% of respondents, meanwhile, felt that it was best for the reactors to remain offline. It's wo...

Siting permit secured for new Slovak plant

  Jadrová Energetická Spoločnosť Slovenska (JESS) has submitted a request to the Slovak Nuclear Regulatory Authority (ÚJD) for a siting permit for a new nuclear power plant near the existing Bohunice plant in Jaslovské Bohunice, a small village in the west of the Slovak Republic. The existing Bohunice plant (Image: Slovenské Elektrárne) JESS said it submitted the siting permit application - comprising almost 2500 pages - on 15 February along with the Requirements for the Quality of a Nuclear Facility and the Proposal for the Nuclear Facility Boundaries for the New Nuclear Resource Project (NJZ). In addition to the requirements for the quality of the nuclear source and the design of the boundaries, the application also addresses the issues of the commissioning safety report, the project intent for the physical-technical solution, the method of handling radioactive waste and used nuclear fuel, the size of the emergency planning zone and the assessment of the impact on the environment...

Japan Adopts Plan to Utilize Nuclear Power to the Fullest

Japan has taken a bold step forward in the fight against climate change by adopting a plan to maximize the use of nuclear power while ensuring a stable electricity supply. This decision comes amid an energy crisis triggered by Russia's invasion of Ukraine, signaling a significant shift from Japan's previous policy of reducing reliance on nuclear energy after the Fukushima disaster.  The Yomiuri Shimbun / file photo The Mihama nuclear power plant is seen in Fukui Prefecture on Oct. 26, 2022. The plan involves building next-generation nuclear reactors to replace decommissioned ones and lifting the freeze on projects to expand, add, or replace reactors. The government will also allow power companies to operate reactors beyond the previously imposed 60-year limit.  The green transformation plan has a target of attracting over ¥150 trillion in public and private investments for decarbonization over the next decade.  This ambitious plan includes the issuance of green transforma...

Reservoir Engineer Zorlu Energy Group Denizli, Turkey On-site

About the job Zorlu Energy operates on various fields of the sector with its experience of 25 years. In our fields of operation, we are combining our well established experience with our corporate values and make a difference among other players of the sector in engineering, supply, construction, management, maintenance and repair. We are utilizing our high capacity production power, qualified human resources, well balanced portfolio, diversity of sources and capability of creating innovative solutions to be a perpetual and leading part of the global energy transformation. We are looking for a "Reservoir Engineer" for our growing team in''Sarayköy/Denizli''location. Qualifications Bachelor degree from petrol and natural gas departments, Having 3-4 years experiences, Fluent English, Good command of MS Office Programmes, Having analytical thinking, problem diagnosis, analysis and problem solving competencies, Be able to adapt busy schedule and flexible working ...

STADTWERKE NEURUPPIN GMBH RECEIVES OVER €10 MILLION IN FUNDING FOR GEOTHERMAL PROJECT

The geothermal project of Stadtwerke Neuruppin is expected to receive about 40% of its funding from the German Federal Government. This will help Neuruppin become largely independent of fossil fuels. The project will involve drilling to a depth of 1,700-1,800 meters, but this requires approval from the mining authority and the construction permit from the district. Image: Artur Dzasokhov, Thoralf Uebach, Wiebke Papenbrock, Nico Ruhle, and Jan Juraschek (from left to right) during the handover. Source: Fontanestadt NeuruppinArtur Dzasokhov, Thoralf Uebach, Wiebke Papenbrock, Nico Ruhle, and Jan Juraschek (from left to right) during the handover. Source: Fontanestadt Neuruppin At the New Year's reception of the Fontane city six weeks ago, Thoralf Uebach, managing director of Stadtwerke Neuruppin GmbH (SWN), reported on the ambitious geothermal project for which funding had already been requested. Now, the first step has been taken: in the presence of Mayor Nico Ruhle and Building Com...

Culham to Host Construction of Tokamak Demo Fusion Reactor

Tokamak Energy is to build a prototype compact spherical tokamak, the ST80-HTS, at the UK Atomic Energy Authority's (UKAEA's) Culham Campus, near Oxford, England. The fusion device - with power plant-relevant magnet technology - will demonstrate multiple technologies required for the delivery of clean, sustainable fusion energy. A cutaway of the ST80-HTS (Image: Tokamak Energy) Constructing the new purpose-built facility at the Culham Campus - part of the thriving UK Fusion Cluster - provides the Tokamak with access to leading science and engineering capabilities, including knowledge and experience in designing, constructing and operating the record-breaking Joint European Torus (JET). Designs for the facility are under way in partnership with construction consultants McBains, with build completion planned for 2026. Oxfordshire-based Tokamak's ST80-HTS will target the significantly longer pulse durations needed for sustained high power output in commercially competitive fus...

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Top 10 Critical Geothermal Energy Problems Costs Risks Seismicity

Top 10 Geothermal Problems: Why a 24/7 Resource Still Struggles to Scale Image credit : Fida, C.E.O Geosilica... This is what scaling looks like downhole in geothermal pipes Intelligence; Strategy for the Geothermal Decade Geothermal energy is often presented as the clean firm resource that can support a renewable electricity system around the clock. It does not depend on sunshine, it can operate through calm weather, and it can provide heat and power for decades. Kenya already relies heavily on geothermal generation , Iceland uses geothermal heat across its economy, and next generation developers are now signing large power contracts with technology companies seeking reliable carbon free electricity. Yet the global geothermal sector remains small compared with solar and wind, with installed electricity capacity still near 16 GW.  That gap is not caused by one obstacle. It is produced by a chain of interlocking problems involving geology, drilling, finance, permitting, public acce...

"US Geothermal Tax Credits 2026: What the IRA/45Q Changes Mean for Developers"

US Geothermal Tax Credits in 2026: What Is Actually Still Alive After OBBBA For an industry that spent more than a decade building financial models around a stable federal incentive structure, 2026 has been a year of whiplash. The 30% federal geothermal tax credit that developers and homeowners built forecasts around is gone in one form and still alive in another, and even the IRS’s own public guidance has been confusing enough to trigger uncertainty across the market. That confusion is not a minor clerical issue. It is shaping investment decisions, contractor sales pitches, homeowner timelines, and project finance assumptions right now. If you work in geothermal, the key question is no longer whether federal incentives exist, but which incentive applies, to which project type, and under what ownership structure. The law that changed the timeline To understand where things stand in 2026, you have to start with the Inflation Reduction Act of 2022, which created a long runway for clean e...

Arverne secures Limagne geothermal lithium permit to boost supply

Arverne expands geothermal asset portfolio with new lithium exploration permit in Auvergne Arverne secures 442.7 km² PER “Bassin de Limagne” near Clermont-Ferrand French geothermal developer Arverne (Euronext: ARVEN) has been granted an exclusive research permit (Permis Exclusif de Recherches, PER) for lithium and related substances covering the “Bassin de Limagne” in Puy‑de‑Dôme, Auvergne. The five‑year permit, announced 3 September 2026, spans 442.68 km² and adds to Arverne’s growing national portfolio of PERs: the company now holds nine permits in France, three of which are focused on lithium. The award underscores Arverne’s strategy to combine geothermal heat production with geothermal lithium extraction — an integrated model the company is already deploying elsewhere in France. For the Auvergne permit, Arverne emphasizes that the Bassin de Limagne area overlaps with its existing PER for the Riom‑Clermont‑Métropole, where 3D exploration studies have previously evaluated the subsurf...

EIG Geothermal Catalyst Partners Launches Inaugural Power Planet Investment

EIG’s First Geothermal Bet Signals a New Phase for EGS Financing Image : Thematic image of a geothermal plant EIG Geothermal Catalyst Partners’ inaugural investment in Power Planet is a meaningful signal for the geothermal sector because it links development capital with a project that already has infrastructure, interconnection capacity, and subsurface data on its side . For an industry that often struggles to move from concept to bankable execution, that combination can shorten timelines and reduce risk. Why This Deal Matters The core story is not just that EIG made its first investment; it is that the fund is targeting the middle of the geothermal value chain, where projects need capital to clear technical and commercial hurdles . That matters because enhanced geothermal system, or EGS, projects can be highly promising but capital-intensive, especially before they reach a stage where traditional infrastructure investors feel comfortable stepping in . Power Planet’s Star Peak proje...

BLM Utah 2026 Geothermal Lease Sale Opens New Energy Opportunities

BLM Utah 2026 Geothermal Lease Sale: What It Means for U.S. Geothermal Development The Bureau of Land Management’s Utah 2026 Geothermal Lease Sale is a significant signal for the next phase of U.S. geothermal development. As federal agencies continue to prioritize renewable energy on public lands, this project highlights both the practical mechanics of geothermal leasing and the broader policy direction supporting domestic clean energy expansion. For developers, investors, land managers, and energy analysts, the sale offers an important case study in how geothermal projects move from planning into commercial opportunity. Geothermal energy has long been one of the most promising yet underutilized renewable resources in the United States. Unlike solar and wind, geothermal can provide steady baseload power regardless of weather or time of day. That makes it especially valuable in power systems that need reliability, grid stability, and long-duration decarbonization. A lease sale like the ...

Alphaxioms Interviews Rystad Energy: Geothermal's Inflection Point, Policy, and Drilling Breakthroughs

Geothermal at an Inflection Point: Why Policy, Conventional Resources, and Drilling Breakthroughs Will Define the Next Decade This interview was conducted by Robert Buluma on behalf of Alphaxioms,  responses delivered by  Alexandra Gerken Product manager, Geothermal solution at Rystad Energy   Introduction: The Strategic Crossroads for Geothermal Geothermal energy is entering a decisive phase. After decades of steady but regionally concentrated development, the sector now faces a confluence of technological innovation, policy ambition, and market demand that could either unlock global scale or confine geothermal to niche applications. Alexandra Gerken, Product Manager for Geothermal Solutions at  Rystad Energy , offers a clear-eyed assessment of where the industry stands, which technologies will drive near-term growth, and what must happen for geothermal to become a globally significant source of firm, low-carbon power. Her analysis emphasizes three pillars: the imme...

Serbia Advances Mišeluk Geothermal District Heating Project in Novi Sad

Serbia Advances Geothermal Drilling for the Mišeluk District Heating Plant in Novi Sad Serbia is moving forward with plans to develop a geothermal district heating system in Mišeluk, a rapidly urbanizing area of Novi Sad. The project is intended to place geothermal energy at the centre of a new low-carbon heating network, supported by solar power and natural gas backup. Exploratory drilling and construction of the heat distribution network are being carried out by JKP Novosadska toplana, Novi Sad’s public district heating utility. The initiative is supported through the United Nations Development Programme’s “Geothermal Energy in Serbia” programme, with financial backing from Slovakia.  The Mišeluk project is important not only because it could provide a new renewable heat source for Novi Sad, but also because it demonstrates how geothermal energy can be integrated into urban development from the earliest planning stages. Rather than retrofitting a geothermal system into an establi...

Chicago’s Geothermal-Powered High-Rise Could Redefine Sustainable Urban Development

Chicago’s Geothermal-Powered High-Rise Could Redefine Sustainable Urban Development Chicago is preparing to welcome one of its first all-electric, geothermal-powered residential high-rises—a 33-story tower at 410 N. Elizabeth Street in Fulton Market. The project could demonstrate how large urban buildings can reduce fossil-fuel dependence, lower operating costs and cut carbon emissions without sacrificing density, comfort or year-round reliability.  A New Model for Chicago High-Rise Construction The 410 N. Elizabeth Street development is being built by Tree Street Group in partnership with Magellan Development Group and  Mark Goodman & Associates . The first phase will deliver 383 apartments, including 77 designated affordable units, while a planned second tower would bring the overall development to more than 724 residences and 146 affordable homes.  The project is also expected to include ground-floor retail, public green space and a 30-foot-wide pedestrian walkway...

Geothermal Innovation, Superhot Systems, Social License, and the Future of Global Geothermal Energy

In this interview, Dr. Amel Barich, Founder & CEO of Geoscience Research and Communications (GRC) , shares insights into the future of geothermal energy, covering superhot geothermal systems, advanced drilling, international collaboration, social license to operate, developing-country opportunities, and the growing role of geothermal in integrated energy systems.  Image : Dr. Amel Barich Founder & CEO, Geoscience Research and Communications (GRC) Geoscientist | Geothermal R&D&I | Social License to Operate Q1. Could you briefly introduce yourself and describe your current role in advancing geothermal innovation? I am a geoscientist and geothermal professional with a background spanning geothermal research and innovation, international collaboration, policy and science diplomacy, stakeholder engagement, and strategic communication. Over the past decade, I have worked from Iceland across major European and international geothermal initiatives, leading collaborative R...

North America Geothermal Energy Investment Opportunities, Companies, Resources, and Market Outlook

Investment Opportunities in North American Geothermal Energy North America is entering a new investment cycle in geothermal energy. The United States offers the region’s deepest commercial market and the largest advanced-geothermal pipeline; Mexico provides proven high-temperature volcanic resources and an established utility-scale industry; while Canada presents an earlier-stage opportunity centered on sedimentary-basin geothermal, direct-use heating, closed-loop systems, and oil-and-gas technology transfer. The investment case now extends well beyond conventional geothermal power plants. It includes enhanced geothermal systems, advanced closed-loop systems, geothermal heat pumps, district heating, industrial heat, geothermal storage, lithium extraction from geothermal brines, data-center power, and hybrid renewable-energy projects. In the United States, utilities had already procured or agreed to procure 1,007 MW of next-generation geothermal capacity through 12 power-purchase agreem...