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

Popular posts from this blog

Enhanced Geothermal Systems Financing Hurdles

The Heat Beneath: Why Enhanced Geothermal Systems Can't Get Financing—And What It Will Take to Change That By : Robert Buluma Introduction: The Paradox of Boundless Energy Beneath our feet lies an energy source so vast that capturing just a fraction of it could power civilization for millennia. More than five terawatts of heat resources exist beneath the United States alone—enough to meet the electricity needs of the entire world. Enhanced Geothermal Systems (EGS), which circulate water through engineered fractures in deep hot rock, promise to unlock this resource nearly anywhere on the planet, not just in volcanic hotspots. The technology is improving faster than almost anyone expected. Costs are falling. The fossil fuel industry's drilling expertise is being repurposed. And yet, for all its promise, EGS remains stuck in a financial no-man's-land—too big for venture capital, too risky for traditional lenders, and too unfamiliar for the infrastructure investors who could tr...
Post a Comment
Read more

Baker Hughes & Mantle Reach Power Target 500 MW Geothermal Across North America

How Baker Hughes and Mantle Reach Power are trying to make geothermal financeable, scalable, and grid-ready across North America By:  Robert Buluma On 24 June 2026 Baker Hughes and  Mantle Reach Power (backed by EnCap Energy Transition Fund III) announced a strategic commercial agreement to accelerate large-scale geothermal deployment across North America, targeting up to 500 megawatts (MW) of installed capacity over the next five years. The partnership frames Baker Hughes as an integrated subsurface solution provider, with Mantle Reach Power leading project development, ownership and financing. For energy professionals and investors, the announcement is important because it attempts to address the perennial stumbling blocks for geothermal — high upfront subsurface risk, limited developer and investor scale, and fragile project bankability — by combining deep-pocketed development capital, established drilling and subsurface technology, and a repeatable commercial structur...
Post a Comment
Read more

Green Therma Geothermal: Fifth-Generation Closed-Loop Technology for Europe’s Clean Heat Future

Green Therma and the Future of Geothermal Scale in Europe By: Robert Buluma Geothermal energy has long been one of the most intriguing renewable resources in the global clean energy mix. It is steady, local, and available around the clock, unlike solar and wind, which depend on weather and daylight. Yet despite these advantages, geothermal has often remained a niche part of the energy landscape. The reason is not a lack of potential, but a combination of technical complexity, high upfront drilling costs, site-specific geology, and the challenge of scaling projects in a repeatable way. That is why companies promising a new generation of geothermal systems tend to attract attention. Green Therma is one of those companies. Its message is bold: geothermal technology for scale, potentially up to 25,000 wells in Europe. That is a major claim, and it deserves careful attention. If such a model works, it could change how Europe thinks about district heating, industrial heat, and energy securi...
Post a Comment
Read more

Armstrong International Launches Geothermal Industrial Heat Pump Production Site in Herstal, Belgium

How Geothermal Power Is Rewiring Industrial Heat in Herstal By: Robert Buluma In Herstal, Belgium, a quiet but consequential shift is taking shape. Armstrong International , a company long known for thermal utility solutions, is building a new production site for high-temperature industrial heat pumps that will itself be powered by an innovative closed-loop geothermal system. Named CircularSteam1, the project combines manufacturing, geothermal energy, and circular thermal thinking on a former mining site. When it opens in 2027, the plant aims to produce roughly 100 industrial heat pumps per year, each delivering up to 1 MW and able to raise temperatures to 120°C — high enough to serve many industrial processes previously dependent on fossil-fuel boilers. Why geothermal matters for industrial heat Geothermal energy is often associated with large-scale electricity generation or the warm springs that draw tourists. But its quiet power as a stable, local supply of low-grade heat makes it a...
Post a Comment
Read more

Borealis and Landsvirkjun 12 MW Power Agreement: Iceland’s Renewable Energy Boost for AI Data Centers

Borealis and Landsvirkjun Sign a 12 MW Power Purchasing Agreement: What It Means for Iceland’s Data Center Future By: Robert Buluma Iceland has become one of the world’s most interesting destinations for data center development, and the latest agreement between Borealis Data Center and Landsvirkjun adds another important chapter to that story. The two companies have signed a long-term deal for an additional 12 MW of firm power to support Borealis’ growing operations in Blönduós, reflecting both the rapid rise of artificial intelligence infrastructure and Iceland’s position as a renewable-energy hub. This is not just a routine energy contract. It is a signal that Iceland’s digital economy is moving into a new phase, where clean electricity, cool climate, and advanced computing are beginning to converge into a strategic national advantage. The agreement comes at a time when global demand for AI-ready infrastructure is rising quickly. Data centers are no longer just storage facilities; th...
Post a Comment
Read more

Birch Geothermal: The Startup Reinventing Clean Baseload Power

Birch Geothermal and the Quiet Reinvention of Clean Power By: Robert Buluma For decades, geothermal energy has been the clean energy world’s most underappreciated asset: always on, deeply reliable, and technically proven, yet still too often treated as a niche technology. Birch Geothermal wants to change that. The company is part of a new generation of geothermal developers betting that better subsurface engineering, smarter data, and oilfield-style execution can turn geothermal from a geological curiosity into a mainstream source of firm clean power  That ambition matters because the electricity system is changing fast. Grids now need more than low-carbon generation; they need power that can run at any hour, follow demand, and support a world increasingly shaped by electrification, data centers, and industrial load growth . Birch’s thesis is simple but bold: if geothermal is engineered better, it can become one of the cleanest and most dependable tools in the energy transition ....
Post a Comment
Read more

Global Geothermal Insights: An Exclusive Interview with Drilling Engineer Sam Abraham

Global Geothermal Insights: Interview with Sam Abraham the Geothermal Global Technical Advisor at  Halliburton This interview was done by  Robert Buluma on 5th of November 7:30 Am EST At   Alphaxioms , we are committed to uncovering the deeper truths behind geothermal energy , the drilling, the risks, the innovations, and the frontiers. Today we welcome Sam Abraham , a veteran drilling engineer whose global geothermal experience spans more than 25 years. From oil & gas beginnings to geothermal hotspots around the world, Sam shares his journey, insights, and advice for the next generation. Career Journey & Background Sam, could you tell us about your career path and what led you into geothermal drilling? I have a background in oil and gas — seven years since 1991. I served as a base manager in Jakarta for three years, and also worked a little in geothermal alongside oil & gas. In 2005 I moved to New Zealand, given its vast geothermal resources. Fro...
Post a Comment
Read more

Bolaalda: Iceland’s 100 MWe Geothermal Project Powering Green Industry

Bolaalda: Iceland’s Next Big Geothermal Leap — Powering a Green Industrial Future By:  Robert Buluma Iceland’s relationship with geothermal energy is a defining part of its modern identity. For decades the country has tapped subterranean heat to supply electricity and district heating, turning volcanic geology into a competitive advantage for industry, communities, and research. The Bolaalda Project, developed by Reykjavík Geothermal, promises to add an important new chapter to that story. Planned to deliver up to 100 MWe of electric capacity and 133 MWth of thermal energy, and backed by a projected investment of $400–450 million (approximately 60 billion ISK), Bolaalda is designed to strengthen Iceland’s energy security, enable decarbonization of energy‑intensive industries, and help establish the surrounding region as a hub for green industry. This article explains the Bolaalda Project in clear language with useful technical detail for industry-minded readers. It covers the proje...
Post a Comment
Read more

"Syntholene Completes Iceland Geothermal Synthetic Fuel Facility Ahead of Schedule"

Syntholene’s Iceland Demonstration Facility Signals Real Progress, but Commercial Proof Still Lies Ahead By:  Robert Buluma Syntholene’s announcement that it has completed construction of its Iceland demonstration facility ahead of schedule and commenced operations is an encouraging milestone for investors tracking the company’s development trajectory . In a sector where delays, cost overruns, and technical setbacks are common, early delivery can materially improve confidence in management execution and project discipline . The update does not remove the risks associated with synthetic fuel development, but it does suggest the company is moving from concept validation into operational testing, which is an important threshold for any early-stage industrial energy business . At a high level, the announcement matters because it changes Syntholene’s story from one of planning to one of implementation. The company had previously indicated that first operations could begin as soon as Jun...
Post a Comment
Read more

Idemitsu Invests in Quaise Energy: How Millimeter-Wave Drilling Could Unlock the World’s Deepest, Cleanest Power

Idemitsu Invests in Quaise Energy : Unlocking Superhot Geothermal Power with Revolutionary Millimeter-Wave Drilling By: Robert Buluma   In a significant move for the future of clean energy, Japanese energy giant Idemitsu Kosan Co., Ltd. has announced a strategic investment in Quaise Energy , a U.S.-based company pioneering next-generation geothermal technology. The investment, made through Idemitsu’s wholly owned subsidiary  Idemitsu Americas Holdings Corporation (IAH) on June 25, 2026, involves the issuance of convertible preferred shares. This partnership aims to accelerate the development of ultra-deep, superhot geothermal systems capable of delivering stable, high-output renewable power—a crucial step as the world accelerates its transition away from fossil fuels. Why Geothermal Matters More Than Ever Geothermal energy stands apart from other renewables because it provides baseload power—consistent, reliable electricity generation unaffected by weather conditions, unli...
Post a Comment
Read more