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...
Alphaxioms, a global renewable energy company, recently acquired vast lands in Nakuru, Bahati, Naivasha, and Area A in Kenya for the purpose of geothermal power production. The acquisition marks a significant milestone for the company as it continues to expand its operations in Africa and pursue its goal of developing sustainable energy solutions. image source(Robert Buluma, C.E.O & Founder Alphaxioms) Geothermal energy is a reliable, renewable, and environmentally friendly source of energy that has gained popularity in recent years. Unlike other sources of renewable energy such as solar and wind, geothermal energy can provide baseload power that is available 24/7. It involves extracting heat from the earth's crust and converting it into electricity, making it a highly efficient and cost-effective energy source. The lands acquired by Alphaxioms are strategically located in areas with high geothermal potential. The company has already conducted resource assessments and other mea...