Skip to main content

Colombia Launches First Geothermal Auction

Unleashing Colombia's Geothermal Potential: A Step Towards Sustainable Energy

By:Robert Buluma

Colombia, renowned for its natural beauty and diverse landscapes, is gearing up for a groundbreaking endeavor in the realm of sustainable energy. In an announcement that reverberates with promise, the Agencia Nacional de Hidrocarburos (ANH) disclosed plans for the nation's inaugural geothermal round and auction slated for the latter half of 2024.

The significance of this initiative cannot be overstated. It represents a pivotal stride towards harnessing Colombia's untapped geothermal potential, a move poised to redefine the country's energy landscape while championing environmental sustainability.

Orlando Velandia Sepúlveda, President of ANH, underscored the magnitude of this endeavor, citing it as a concerted effort to capitalize on Colombia's inherent strengths. Collaborating seamlessly with the Ministry and the Servicio Geológico Colombiano, ANH has embarked on an exhaustive exploration to ascertain the nation's geothermal prowess.

Unlike traditional energy sources, geothermal energy possesses unique characteristics, presenting novel challenges and opportunities. Velandia Sepúlveda emphasized the meticulous approach undertaken by ANH in delineating feasible areas for exploration, spanning from the central cordillera to the volcanic chain.

The identification of prime geothermal locales, including regions like Boyacá with its abundance of thermal springs in municipalities like Paipa and Iza, heralds a new era of sustainable energy development in Colombia. This strategic selection process, coupled with rigorous evaluation, lays the groundwork for a successful foray into geothermal energy extraction.

As Colombia embarks on this transformative journey, it beckons the attention of global energy stakeholders. With burgeoning interest from corporations eager to partake in this venture, the stage is set for a paradigm shift in the nation's energy matrix.

Ecopetrol, Colombia's leading energy conglomerate, while currently engaged in the geothermal pursuit, stands poised to leverage its expertise in fostering this nascent industry as earlier depicted in our recent article from our business intelligence department . The collaboration between public and private entities underscores a collective commitment to driving innovation and fostering sustainable development.

While the specifics of the auction framework are still under deliberation, one thing remains abundantly clear: Colombia's ascent as a geothermal powerhouse is imminent. With unwavering dedication and strategic foresight, the nation stands poised to unlock the boundless potential of geothermal energy, propelling itself towards a greener, more sustainable future.

Recently Italy,Tuscany is catching up on Geothermal

In a world grappling with the exigencies of climate change, Colombia's foray into geothermal energy stands as a beacon of hope, a testament to the transformative power of innovation and collaboration. As the nation charts its course towards a sustainable future, the journey towards unlocking its geothermal bounty serves as a testament to the indomitable spirit of progress.

Source:Yahoo

Connect With Us: Alphaxioms

Labels

Labels:

Comments

Post a Comment

Hot Topics

Next-Generation Geothermal: Technologies, Simplified Policy, Financing, and Value Chain

Geothermal energy is poised to play a transformative role in the global shift toward renewable energy and sustainable development .  By:  Robert Buluma As the world races to meet ambitious decarbonization targets, the untapped heat beneath our feet offers a reliable, baseload power source that can complement intermittent wind and solar generation. However, unlocking this potential at scale requires not only cutting-edge geothermal future technologies but also streamlined policy frameworks , innovative financing models , and a reimagined geothermal value chain that reduces costs and accelerates deployment. This article explores the next generation of geothermal innovations technologies that are still on the drawing board alongside strategies to simplify regulations, attract capital, and integrate the value chain into fewer, disruptive steps. Throughout, we’ll highlight key aspects  such as enhanced geothermal systems, closed‑loop geothermal, AI-driven exploration, poli...
Post a Comment
Read more

Sanko Energi Announces Record-Breaking Discovery: Turkey’s Hottest Geothermal Production Well at 308°C

In a major breakthrough for renewable energy in Turkey, Sanko Energi has announced the successful discovery of what is now being hailed as Turkey’s hottest geothermal production well reaching an astonishing 308 degrees Celsius.  By:  Robert Buluma This record-setting temperature not only underlines the immense potential of Turkey’s geothermal resources but also marks a pivotal moment in the nation’s sustainable energy journey. A New Chapter in Turkey’s Geothermal Revolution Turkey has long been recognized as a geothermal powerhouse, thanks to its unique geological structure and abundant geothermal reservoirs. The discovery of a production well reaching 308°C by Sanko Energi pushes the limits of what was previously thought possible and signals a promising future for the country’s renewable energy sector. Key Highlights of the Discovery: Unprecedented Temperature: At 308°C, this well sets a new record for geothermal production in Turkey. Enhanced Production Potential: ...
Post a Comment
Read more

Driving the Heat Transition in Hanover with Eavor Technology

  A Climate-Neutral Future for Hanover’s District Heating By: Robert Buluma The city of Hanover is taking a bold step toward a climate-friendly future with the implementation of an innovative geothermal energy project by Eavor in collaboration with enercity.  This groundbreaking initiative aims to cover 15 to 20 percent of Hanover’s district heating needs using cutting-edge Eavor-Loop™ technology, significantly reducing reliance on coal-fired power plants and advancing the city's heat transition goals. The Hanover Geothermal Project: A Game Changer for District Heating Eavor is developing two Eavor-Loops™ in the Lahe district, each with a heat output of 15 MW. Once operational, this system will generate up to 250 million kilowatt hours of geothermal energy annually. This is equivalent to supplying heat for approximately 20,000 homes within the enercity supply area, ensuring a stable, renewable, and climate-neutral energy source. Replacing Coal with Sustainable Geothermal Energ...
Post a Comment
Read more

JOGMEC Calls for Proposals on Microseismic Technology for Geothermal Exploration

Advancing Geothermal Exploration Through Passive Seismic Techniques By: Robert Buluma The Japan Organization for Metals and Energy Security (JOGMEC) has launched a competitive tender inviting qualified firms to contribute to a groundbreaking technological development project. This initiative focuses on refining microseismic array technology to enhance geothermal exploration, providing a cost-effective and adaptable method for identifying potential geothermal resources. Interested applicants have until April 21, 2025 , to submit their proposals. This initiative is part of JOGMEC’s ongoing commitment to advancing geothermal energy through innovative exploration methods. The project, titled "High-Efficiency High-Density Geothermal Exploration Technology – Development of a New Exploration Method Using Elastic Waves," seeks to optimize the detection of geothermal reservoirs by leveraging passive seismic sources. The Role of Microseismic Technology in Geothermal Exploration Tr...
Post a Comment
Read more

Geothermal Energy: The Rising Powerhouse in the Clean Energy Transition

The global energy sector is undergoing a radical transformation, with clean, reliable, and sustainable power sources taking center stage. By: Robert Buluma Among these, geothermal energy stands out as an underutilized but highly promising resource that offers baseload power generation with near-zero carbon emissions.   The rise of advanced geothermal technologies has attracted significant investments, especially from big tech companies seeking sustainable energy solutions for their energy-intensive AI data centers. One such company making headlines is XGS Energy, a geothermal startup that recently closed a $13 million equity bridge round and is preparing for a $60 million to $100 million growth round.   This article explores how XGS Energy and other enhanced geothermal system (EGS) startups are revolutionizing the sector, unlocking geothermal energy potential beyond traditional hotspots, and why investors and technology giants are betting big on this clean energy rev...
Post a Comment
Read more

Geothermal Projects In Africa, Countries Overview

 Geothermal Projects in Africa: Country-wise Overview By : Robert Buluma Africa is increasingly turning to geothermal energy as a sustainable solution to meet its growing electricity demands. With abundant geothermal resources spread across the continent, several countries have embarked on ambitious projects to harness this clean and renewable energy source. Let's delve into the geothermal projects in various African countries, highlighting key players and prospects. Algeria Algeria is exploring its geothermal potential, particularly in the northern regions. Although in the early stages, initiatives are underway to assess feasibility and potential locations for geothermal power plants.  Burundi Burundi has shown interest in developing its geothermal resources, primarily in the northwest region near Lake Tanganyika. The government is actively seeking partnerships with international firms to kickstart exploration and development efforts. Comoros The Comoros Islands are situated ...
Post a Comment
Read more

XGS Energy Acquires Capuono Engineering Geothermal Service Company To Bolster Its Grip

XGS Energy  Acquires Premier Geothermal Drilling Services Company Capuano Engineering By: Robert Buluma In a bold move set to redefine the geothermal energy landscape, XGS Energy has announced the acquisition of Capuano Engineering, a leading global player in geothermal drilling and completion services. This strategic acquisition positions XGS Energy to expand its innovative geothermal technology on a global scale, leveraging Capuano Engineering's extensive expertise and experience in the field. A Leap Forward in Geothermal Technology XGS Energy , based in Palo Alto, California, has been at the forefront of geothermal energy innovation. Their proprietary Thermal Reach Enhancement (TRE) system uses materials that are 50 times more thermally conductive than rock, enabling high-efficiency closed-loop geothermal systems. Unlike conventional geothermal technologies that require specific geological conditions and access to water reservoirs, XGS’s technology can be deployed anywhere, offe...
Post a Comment
Read more

PPC Renewables Announces Geophysical Assessment Tender In Tetra, Lesvos Greece

Unveiling the Hidden Mysteries:  PPC Renewables Calls for Tender in Petra, Lesvos Island By: Robert Buluma In the heart of the Aegean Sea lies an island of unparalleled beauty and historical significance – Lesvos. But beneath its serene surface lies a mystery waiting to be unraveled, and  PPC Renewables is taking the lead in uncovering it. Picture this: Land Geophysical Surveys, delving deep into the secrets of Petra, Lesvos Island, Greece. It's not just any ordinary survey; it's a journey into the unknown, a quest for knowledge hidden beneath the earth's surface. Referring to the intriguing Call for Tenders (ref/title: PR110000001319) dated 12th April 2024,  PPC Renewables beckons the daring and the curious to join them in this adventure. The scope of the contract? Nothing short of extraordinary – 2D Seismic Reflection, Gravity & Magnetic Surveys with precise positioning, coupled with integrated Geological-Tectonic-Geophysical analysis of all available data. But w...
Post a Comment
Read more

Sossian Energy Gets Financial Backing For Its Menengai Geothermal Field

Geothermal Gold: Kenya's Renewable Revolution Alphaxioms has been Nominated by Total Energies In The Startupper of the year Challenge and your support inform of a like is making a difference, please vote By:  Teflon Don In the heart of Kenya's Rift Valley, a revolution is taking shape, transforming the landscape and the future of energy in Africa. The Sosian-Menengai geothermal project, a beacon of innovation and sustainability, is set to redefine Kenya's energy production with a 35-megawatt geothermal power plant, bolstered by a $68 million investment from the Development Bank of Southern Africa (DBSA). Geothermal energy, often overshadowed by solar and wind, is emerging as a formidable player in the renewable energy sector. Unlike its more temperamental counterparts, geothermal energy offers a constant, reliable power source, tapping into the Earth’s natural heat to generate electricity around the clock. For Kenya, a country blessed with a rich geothermal potential, this ...
Post a Comment
Read more

Eavor and SLB Partners To Develop Eavor Loop Technology

Eavor  & SLB : Unlocking a Revolution in Clean Energy Production By:  Robert Buluma Image: The SLB & Eavor Team at Geretsried Imagine a world where energy is not only clean but also consistent, dependable, and accessible worldwide. This vision is becoming a reality, thanks to an innovative partnership between  Eavor Technologies and  SLB (formerly Schlumberger). Together, they are pioneering a groundbreaking approach to harnessing renewable energy, promising to redefine how we produce and consume power and heat. At the heart of this collaboration lies Eavor 's revolutionary technology, the Eavor-Loop™, a closed-loop geothermal system that is unlike anything seen before. The partnership reached a critical milestone recently at Getesried, the home of the first commercial Eavor-Loop™, where the SLB and Eavor teams met to celebrate this transformative project. What Is the Eavor-Loop™? The Eavor -Loop™ is a closed-loop geothermal system that eliminates the tradi...
Post a Comment
Read more