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Showing posts from July 2, 2023

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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...

Scaling and Corrosion in Geothermal face out

 Battling the Fiery Foes: Taming Corrosion and Scaling in Geothermal Lithium Extraction image source: (Robert Buluma) Introduction: In the relentless pursuit of renewable energy sources, geothermal lithium extraction stands out as a promising avenue for a sustainable future. The seething heat of the Earth's core holds the potential to unlock vast reserves of lithium, a critical component for advancing the green revolution. However, this path to progress is fraught with a treacherous duo that threatens to undermine our efforts: corrosion and scaling. Join us as we delve into the harrowing world of geothermal lithium extraction, where the battle against these formidable adversaries tests the limits of science and engineering. 1. Descending into the Inferno: Geothermal lithium extraction takes us deep into the bowels of the Earth, where searing temperatures and corrosive conditions reign. To extract lithium, water is injected into geothermal reservoirs, dissolving the mineral-rich bri...

TGDC Geothermal Slim hole Tender

TGDC Opens Tender for Slim Hole Drilling and Consumables Supply for Geothermal Development image source:(TGDC staff expounding to budding geothermists how drilling is conducted with an aid of a prototype in the just concluded saba saba celebration, "what an exemplary of celebrating!") Introduction: The Tanzanian Geothermal Development Company (TGDC) has recently announced the release of a tender document for the drilling of a slim hole and the procurement of consumables. This significant step forward showcases the commitment of Tanzania to develop its geothermal resources, tapping into the nation's renewable energy potential. The tender provides an opportunity for competent drilling contractors and suppliers to participate in this critical phase of geothermal exploration and development. The document is available for review and download on the official website of the Tanzanian Geothermal Development Company. Expanding Geothermal Energy in Tanzania: As the world continues ...

IEA Critical minerals report

The International Energy Agency's Critical Minerals Report: An In-Depth Analysis image source: unsplash.com 1. Introduction The International Energy Agency (IEA) is a prominent intergovernmental organization that plays a crucial role in analyzing global energy markets, promoting energy security, and advising its member countries on energy policies. As part of its mission, the IEA closely monitors critical minerals, which are essential for various industries, including renewable energy technologies, electronics, and electric vehicles. In the coming weeks, the IEA is expected to release a comprehensive report on critical minerals, exploring their significance, supply chain challenges, and future prospects. This in-depth report delves into the key aspects of the forthcoming IEA report. 2. Definition and Significance of Critical Minerals Critical minerals, also known as strategic minerals or rare earth elements, are a group of minerals and metals that are vital for economic and technol...

FORGE Enhanced Geothermal Project in In Utah bears fruits

FORGE Project Achieves Milestone: Water Flows through Induced Fracture Network at Utah's Enhanced Geothermal Demo Site image source: u splash.com Introduction: In a groundbreaking development for the geothermal energy industry, the Frontier Observatory for Research in Geothermal Energy (FORGE) project has achieved a significant milestone. The FORGE enhanced geothermal demo site, located in Utah, has successfully demonstrated the flow of water between injection and production wells via an induced fracture network for the first time. This achievement brings us one step closer to harnessing the enormous potential of enhanced geothermal systems (EGS) to provide clean and reliable energy for the future. Unlocking the Power of Enhanced Geothermal Systems: Enhanced geothermal systems, also known as engineered geothermal systems, hold immense promise as a sustainable and virtually inexhaustible source of renewable energy. Unlike traditional geothermal power plants that rely on naturally oc...

US DOE ALLOCATES $1 BILLION IN IT'S HYDROGEN QUEST

US Department of Energy Commits $1 Billion to Propel Hydrogen Energy Revolution Photo credit: unsplash Introduction: In a monumental stride toward a greener future, the United States Department of Energy (DOE) has recently announced a groundbreaking investment of $1 billion into hydrogen energy. This strategic allocation aims to accelerate research, development, and deployment efforts, heralding a new era in sustainable energy solutions. With hydrogen energy gaining traction worldwide for its immense potential in decarbonizing multiple sectors, this substantial funding infusion promises to unlock innovative technologies, drive down costs, and establish hydrogen as a key pillar of the clean energy landscape. Let us delve deeper into this momentous initiative and explore its far-reaching implications. 1. Fostering Technological Advancements: The DOE's investment signifies an unwavering commitment to fostering technological advancements in the realm of hydrogen energy. A considerable ...

Eavor Loop Commercializes It's Unique Project in Geretesried

Groundbreaking Eavor Loop Commercial Project Launched in Geretsried with a SpectacularDedication Pioneering Geothermal Innovation Takes Center Stage in Germany image source: Eavor  Date: July 7, 2023 Geretsried, Germany - In a groundbreaking event that marked a significant milestone in the renewable energy sector, the first commercial Eavor Loop project was officially launched in Geretsried. With great fanfare and a dedication ceremony attended by esteemed guests from the energy industry and local government officials, this pioneering geothermal initiative promises to revolutionize the way we harness clean energy. The Eavor Loop, developed by Eavor Technologies Inc., is an innovative and sustainable method of tapping into the Earth's natural heat. Unlike traditional geothermal systems that rely on specific geological formations, the Eavor Loop offers a scalable and universally applicable solution for generating reliable, emission-free electricity. The dedication ceremony commenced ...

Chevron taps Renewable Biodiesel from Biomass

Pioneering Sustainable Energy with Renewable Biodiesel Introduction: In an era marked by increasing concerns about climate change and the depletion of fossil fuel reserves, Chevron has emerged as a trailblazer in the energy industry. Recognizing the urgent need for sustainable alternatives, Chevron has made significant strides in producing renewable biodiesel from biomass feedstocks. This groundbreaking endeavor not only addresses environmental challenges but also promotes energy security and economic growth. Let's delve into Chevron's commitment to renewable biodiesel and its potential to revolutionize the energy landscape. Harnessing the Power of Biomass: Biomass, derived from organic materials such as agricultural residues, waste oils, and algae, holds immense potential as a renewable energy source. Chevron has recognized this potential and has invested in cutting-edge technology and research to efficiently convert biomass feedstocks into high-quality biodiesel. By leveragin...

Kenya's Nupea ambitious Nuclear project

Kenya's Clean Energy Revolution: Nupea's Nuclear Power Plant in Kilifi Image source (world nuclear news) Introduction: In a landmark move towards a greener future, Kenya is set to embark on a path to clean energy by introducing its first-ever nuclear power plant. Nupea Kenya, a leading energy company, has unveiled plans to construct a state-of-the-art nuclear facility in Kilifi. This ambitious project aims to revolutionize the country's energy sector, providing a sustainable and reliable source of power that will drive economic growth, enhance energy security, and reduce greenhouse gas emissions. Let's delve into the details of this transformative endeavor and explore the potential benefits it holds for Kenya's future. 1. Addressing Kenya's Energy Needs: Kenya, like many developing nations, faces significant energy challenges. The country's current energy mix heavily relies on fossil fuels, leading to volatile energy prices, dependency on imports, and enviro...

Derisking a Geothermal Project

Derisking Strategies for a Successful Geothermal Business Image source: Robert Buluma,Camera Introduction: The renewable energy sector has experienced significant growth in recent years, with geothermal energy emerging as a viable and sustainable option. Geothermal power plants utilize the Earth's natural heat to generate electricity, making it an attractive and eco-friendly alternative to traditional fossil fuel-based energy sources. However, like any business venture, geothermal projects come with their own set of risks. To ensure long-term success, it is crucial to implement strategies that effectively derisk a geothermal business. In this article, we will explore several key approaches to mitigate risks and maximize the potential of a geothermal project. 1. Comprehensive Geothermal Resource Assessment: Thoroughly assessing the geothermal resource is a critical first step in derisking a geothermal business. Conducting extensive geological surveys, exploratory drilling, and data ...

Status of Renewable Energy in Africa

Shining a Light on the Status of Renewable Energy in Africa. Introduction Africa, the second-largest and second-most populous continent in the world, has been making significant strides in harnessing renewable energy sources to power its growing economies and address energy access challenges. With its abundant solar, wind, hydro, and geothermal resources, the continent holds immense potential to become a global leader in renewable energy. This article delves into the current status of renewable energy in Africa, highlighting key developments, challenges, and future prospects. 1. Renewable Energy Potential Africa boasts a vast renewable energy potential that remains largely untapped. Solar power potential is especially abundant, with the continent receiving high solar irradiation levels throughout the year. Countries such as Morocco, Egypt, South Africa, and Kenya have made remarkable progress in developing large-scale solar projects, including concentrated solar power (CSP) and photovo...

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...

Philippines Geothermal Drilling: Rufino "Dong" Cotanda Jr. on PGPC, EDC, ThermaPrime, and the Future of Geothermal Energy

Alphaxioms Exclusive: Inside the Philippines' Geothermal Drilling Success Story , A Conversation with Rufino "Dong" Cotanda Jr. Image : Rufino "Dong" Cotanda Jr The Philippines is the world's third-largest producer of geothermal electricity, with more than 2 GW of installed capacity. Behind this achievement is decades of technical expertise, sustained government support, and some of the world's most experienced geothermal drilling professionals. One of those professionals is Rufino "Dong" Cotanda Jr., a drilling veteran with over 45 years of experience in both oil & gas and geothermal operations. Having worked with Saudi Aramco , Desco , Unocal, Chevron , and now the Philippine Geothermal Production Company (PGPC), Dong has helped shape drilling programs across multiple continents. In this exclusive interview with Alphaxioms, he discusses the evolution of geothermal drilling in the Philippines, the technologies improving well performance,...