Skip to main content

Exxon Hints On Tapping Geothermal Energy AT An S&P Event

Unlocking Earth's Secret Power: Exploring the Potential of Geothermal Energy

By:Robert Buluma

In a world where the energy transition is gaining momentum, the quest for sustainable alternatives to fossil fuels has never been more crucial. Among the myriad of emerging solutions, one often overlooked yet immensely promising avenue is geothermal energy. This underdog in the renewables arena holds the key to unlocking Earth's secret power, and even industry giants like Exxon are beginning to take notice.

In an exclusive interview with Axios, Exxon CEO Darren Woods revealed the company's keen interest in the progression of geothermal technology. While Exxon isn't currently actively pursuing geothermal ventures, Woods emphasized the potential alignment and synergies between geothermal energy and the company's existing expertise. With a cautious yet watchful eye, Exxon recognizes the possibility of integrating geothermal energy into its portfolio, provided the right economics and advantages align.

So, what exactly is geothermal energy, and why is it gaining traction? Unlike traditional renewable sources like solar or wind, which rely on external factors such as sunlight or wind patterns, geothermal energy taps into the Earth's natural heat. By harnessing the thermal energy stored beneath the Earth's surface, geothermal power plants can generate electricity or provide direct heating and cooling for various applications.

The appeal of geothermal energy lies in its reliability and consistency. Unlike solar or wind, which are intermittent and dependent on weather conditions, geothermal energy provides a steady and constant source of power. Additionally, geothermal power plants have a small footprint and can be built both onshore and offshore, making them suitable for a wide range of geographical locations.

Moreover, geothermal energy boasts a minimal environmental footprint compared to fossil fuels. By harnessing the Earth's natural heat, geothermal power plants produce minimal greenhouse gas emissions and have low lifecycle carbon footprints. This makes them a viable option for reducing carbon emissions and combating climate change, aligning with the growing global imperative for clean energy solutions.

Despite its immense potential, geothermal energy faces technical challenges and cost hurdles that have hindered widespread adoption. However, advancements in drilling technology, resource mapping, and plant efficiency are steadily overcoming these barriers, making geothermal energy increasingly competitive in the energy landscape.

The recent findings from US Department of Energy is a clear indicator that Geothermal is poised well to sustain countries in energy

As the world seeks to transition towards a more sustainable future, the untapped potential of geothermal energy offers a beacon of hope. With industry leaders like Exxon keeping a close eye on its development, the journey towards unlocking Earth's secret power through geothermal energy is well underway. As we harness the Earth's natural heat to power our communities and industries, we embark on a transformative journey towards a cleaner, greener, and more sustainable tomorrow.

Oil gas companies have been yearning for Geothermal With quite a number already in With Chevron,BP,BakerHughes going into renewable Energy while Eavor,Fervo and Teverra going deep in search for steam a clear indicator that the world is expiriencing a geothermal decade

Source:Axios

Connect with us:Alphaxioms

Labels:

Comments

Post a Comment

Hot Topics 🔥

Fervo Energy Turboden Unlock 1.7GW Geothermal Future

🌋 1.7 GW Geothermal Breakthrough: How Fervo Energy & Turboden Are Scaling the Future of Baseload Power Alphaxioms Geothermal Insights | April 2026 ⚡ A Defining Moment in Clean Energy The global energy transition has long been searching for a solution to one persistent challenge: reliable, clean, always-on power . Solar power disappears with the sun. Wind energy fluctuates with weather patterns. Hydropower depends on rainfall cycles. Yet, modern economies—especially those driven by AI, industry, and digital infrastructure—demand something far more stable. Deep beneath the Earth’s surface lies a powerful, constant energy source: geothermal heat . Now, in a landmark development, and have announced a 1.7 GW turbine supply framework agreement —a move that could redefine how geothermal energy is deployed at scale. This is more than just a partnership. It is a turning point for industrial-scale geothermal power . 🔥 Understanding the 1.7 GW Agreement At the center of this breakthrou...
Post a Comment
Read more

Pulsed Power Breakthrough Unlocks Massive Geothermal Potential

Pulsed Power Meets Geothermal: Unlocking Australia’s 600x Energy Giant By: Robert Buluma In a bold and potentially industry-defining move, I-Pulse has entered into a strategic partnership with Sunrise Energy Metals and Greenvale Mining to unlock one of the most promising geothermal resources on Earth—the Millungera Basin in Australia. This is not just another geothermal announcement. It is a calculated technological strike at the single biggest barrier that has held geothermal energy back for decades: the cost and difficulty of drilling deep into hard, hot rock formations . For an industry that has long promised limitless clean energy but struggled with scalability, this partnership may signal a turning point. It represents the convergence of advanced pulsed power technology, vast untapped geothermal potential, and a new project execution model —one that could redefine how geothermal projects are developed worldwide. 🌍 The Millungera Basin: An Energy Giant Beneath the Surface...
Post a Comment
Read more

“Invest in Bavaria’s Geothermal Energy: Baseload Heat for District and Industrial Heating”

The Next Frontier in Clean Energy Investment: Unlocking the Power Beneath Our Feet By: Robert Buluma The global energy landscape is on the brink of a transformative leap — and beneath the ground, untapped heat holds the key. Every second, the Earth’s crust radiates immense heat that has powered volcanoes, warmed hot springs, and bathed ancient civilizations for thousands of years. But today, this heat — called geothermal energy — is no longer a relic of ancient times… it’s emerging as one of the most powerful, reliable, and investable renewable energy solutions of the 21st century. This article dives deep into one such opportunity — the Baseload District and Industrial Heating Investment Opportunity recently announced in Bavaria, Germany — while exploring the broader context of geothermal energy, district heating, and the investment case that could shape our clean energy future. 🔥 What Is Baseload Geothermal Energy and Why It Matters Before we explore the specific investment opportuni...
Post a Comment
Read more

FutEra Secures Funding to Advance Alberta Geothermal Innovation

  ERA Awards FutEra $5 Million to Launch Advanced Geothermal Project in Alberta By:  Robert Buluma In a world urgently searching for scalable, reliable, and zero-emission energy solutions, a powerful new chapter is unfolding in . A bold initiative backed by (ERA) is set to push the boundaries of geothermal innovation, as secures up to $5 million in funding to advance its groundbreaking PowerFlow™ Closed Loop Geothermal pilot project. This is not just another energy project—it is a signal. A signal that the future of energy may not lie in abandoning traditional industries entirely, but in transforming them. A $12 Million Vision Rooted in Innovation The PowerFlow™ Closed Loop Geothermal pilot, located in , represents a $12 million investment into a cleaner energy future. Scheduled to begin its engineering phase in early 2026, with operations expected by late 2026 or early 2027, the project aims to demonstrate something revolutionary: That geothermal energy can seamlessly ...
Post a Comment
Read more

Peru Confirms New Geothermal Source in the Andes

Peru Confirms New Geothermal Source in the Andes: IGP’s Landmark Discovery Near Paucarani-Casiri Volcano Signals a Clean Energy Revolution for South America By Alphaxioms Geothermal News | April 2026 In a groundbreaking development that could transform Peru’s energy landscape, the Geophysical Institute of Peru (IGP) has officially confirmed the existence of a large-scale active geothermal system in the southern Andes. Located near the Paucarani-Casiri volcanic complex—approximately 75 kilometers northeast of Tacna and close to the Chilean border—this discovery represents a major step forward in harnessing the Earth’s internal heat for sustainable power generation. Announced in late March 2026, the confirmation comes from high-resolution geophysical studies conducted by IGP scientists. It reconfirms what earlier explorations hinted at: the presence of heat reservoirs capable of supporting commercial geothermal electricity production. For a country with vast untapped renewable potential ...
Post a Comment
Read more

"CU Boulder geothermal studies confirm shallow and deep feasibility."

CU Boulder Geothermal Breakthrough: Studies Confirm Feasibility of Shallow and Deep Systems for Campus Decarbonization Introduction: A Game-Changer for Campus Sustainability On March 30, 2026, the University of Colorado Boulder (CU Boulder) and the Colorado Energy Office made an exciting announcement that could reshape how universities power their campuses. Two state-funded feasibility studies have confirmed that both shallow and deep geothermal energy systems are technically feasible for the CU Boulder campus.  These findings represent a major step forward in the university's ambitious Climate Action Plan, which targets a 50% reduction in greenhouse gas emissions by 2030 and carbon neutrality no later than 2050. As someone tracking geothermal news globally, this development stands out not just for its technical promise but for its potential to serve as a "living laboratory" for scalable clean energy solutions. Geothermal energy taps the Earth's natural heat a reliabl...
Post a Comment
Read more

Steam Meets Steel: Menengai’s Breakthrough Signals Africa’s Geothermal Takeoff

“Deep inside a purpose-built turbine hall at Menengai, something ancient met something modern — and the lights of an entire nation moved a little closer to permanently on." There are moments in infrastructure history that arrive without spectacle yet reshape entire industries. No fireworks. No ribbon-cutting theatrics. Just a valve opening, a surge of pressure, and a machine beginning to move. This week, at , one of those moments occurred. confirmed that steam had been successfully admitted into the turbine at its 35MW Menengai II Geothermal Power Station — the decisive step known as hot commissioning . It is the point where engineering theory meets physical reality. Where a project ceases to be an idea and becomes infrastructure. On paper, it is a routine milestone. In reality, it is a signal — one that echoes far beyond Nakuru County. Because what just happened at Menengai is not just about 35MW. It is about proving that geothermal energy in Africa has entered a new phase: ...
Post a Comment
Read more

Quaise Energy Secures $200 Million to Unlock Superhot Geothermal Power in Oregon

Quaise Energy's Ambitious $200 Million Raise: Paving the Way for Superhot Geothermal Revolution By: Robert Buluma Welcome back to Alphaxioms Geothermal News, your go-to source for the latest breakthroughs in sustainable energy from the heart of geothermal innovation. As we dive into March 2026, the geothermal sector is heating up—literally—with exciting developments that could reshape our global energy landscape. Today, we're spotlighting Quaise Energy , a Houston-based startup that's making waves (millimeter waves, to be precise) in the quest for unlimited clean power. The company is in the process of raising approximately $200 million to fund its groundbreaking first commercial geothermal power plant in Oregon. This move not only underscores the growing investor confidence in next-generation geothermal technologies but also positions Quaise as a frontrunner in unlocking terawatt-scale energy from deep beneath the Earth's surface. For those new to the geothermal scene...
Post a Comment
Read more

Oil Giant Goes Deep for Clean Heat: Occidental Drills 4 Miles Underground in Colorado – Fastest Superduper Geothermal Well Yet

The Quiet Revolution Underground: How an Oil Giant Drilled 4 Miles Deep for Geothermal Heat And What It Means for the Future of Clean Energy By:  Robert Buluma  Date:March 6, 2026 Imagine this: In the flat, oil-soaked plains of Weld County, Colorado—where drilling rigs have long been synonymous with fossil fuels—a massive rig rises quietly last spring. No fanfare, no press releases blasting headlines. Just Occidental Petroleum (Oxy) , the oil behemoth better known for pumping black gold, sinking twin boreholes nearly four miles (about 20,000 feet) into the Earth. Not for oil or gas this time—but for something far more revolutionary: limitless, carbon-free heat from the planet's depths. Completed in under six weeks starting April 2025, this secretive project—dubbed GLADE (Geothermal Limitless Approach to Drilling Efficiencies)—has sent ripples through the geothermal world. Backed by a $9 million U.S. Department of Energy grant from 2022, GLADE wasn't about extracting hydrocarb...
Post a Comment
Read more

Project InnerSpace and XPRIZE Partner to Design Landmark Geothermal Surface Systems Prize

Breaking News: Project InnerSpace and XPRIZE Launch Landmark Collaboration to Crack Geothermal’s Surface Systems Bottleneck  By Alphaxioms Geothermal News | Posted: March 26, 2026 | Nairobi, Kenya Geothermal energy is having its moment. While the world scrambles for firm, 24/7 clean power to feed AI data centers, electrify industry, and hit net-zero targets, next-generation geothermal stands ready to deliver baseload power anywhere – not just in volcanic hotspots. But there’s a catch. Subsurface drilling breakthroughs are accelerating at breakneck speed, yet the surface plants that turn hot brine into electricity are stuck in the slow lane. Customized designs, 12-18 month lead times, and fragmented supply chains are choking deployment just as demand explodes. Enter a game-changing announcement on March 24, 2026: Project InnerSpace and XPRIZE are teaming up to design a major incentive prize targeting breakthroughs in integrated geothermal surface plant systems, including turbo-m...
Post a Comment
Read more