Eavor Demobilizes Rigs from Geretsried: What It Really Means for Closed-Loop Geothermal For three years, two drilling rigs on a farm estate near Geretsried, a Bavarian town about 40 km south of Munich, stood as the symbol of the world's most ambitious closed-loop geothermal experiment. Now in October 2026, Eavor Technologies, the Calgary-based developer of the Eavor-Loop, has told the town and its heating utility that both rigs would leave the site . The company said keeping idle rigs and specialist services on site was costly, and that releasing them would help put the project in the strongest position to continue with Loop 2 once its commercial structure is reworked . On the surface, this is a logistics decision. Underneath, it is one of the clearest signals yet about where first-of-a-kind geothermal technology stands, and how hard it is to turn a technical proof into a bankable business. This article explains exactly what happened, what the move means and what it does not mean...
Ormat's Groundbreaking Geothermal Project in Dominica Signals a Green Revolution in the Caribbean In a bold move to combat climate change, Ormat, a leading renewable energy company, is joining forces with the Government of Dominica to spearhead an ambitious initiative. This groundbreaking project, announced as the world converges at COP28 in the UAE, aims to develop a cutting-edge 10MW binary geothermal power plant in the Caribbean County of Dominica. The move marks a substantial leap forward in the nation's commitment to transition away from fossil fuels and embrace sustainable energy alternatives. At COP28, where global leaders are setting ambitious goals to address the urgent climate crisis, Ormat's collaboration with the Dominican government is a shining example of private and public sectors working hand in hand for a sustainable future. The commitment to developing a state-of-the-art geothermal power plant underscores the shared vision of both parties to reduce carbon ...