Skip to main content

ON Power and Iceland Drilling Company Set To Drill 8 Hengill Wells Starting May 2025

ON Power and Iceland Drilling Company Forge Path to a Sustainable Future in Hengill

By:Robert Buluma

Image: Iceland,Gunnhover Geothermal Area

In a bold stride towards sustainable energy, ON Power has teamed up with Iceland Drilling Company to undertake a monumental project set to transform the Hengill area. This groundbreaking initiative will see Iceland Drilling Company drill eight production wells for ON Power between 2025 and 2027, a venture that promises to bolster Iceland's reputation as a leader in renewable energy.

Árni Hrannar Haraldsson, the visionary CEO of ON Power, couldn't contain his enthusiasm as he spoke about the project. "It's crucial to harness the power of ON Power," he remarked, "Our resilience in producing hot water and electricity has been a cornerstone of our success, and this project will only enhance our capabilities." His confidence is rooted in ON Power's proven track record of sustainable energy production, a testament to the company's innovative spirit and commitment to environmental stewardship.

The partnership between ON Power and Iceland Drilling Company is not a new one. Sveinn Harðarson, a key figure at Iceland Drilling, expressed his optimism about this latest endeavor. "We have the expertise needed to bring this project to life," he affirmed. "Having worked closely with ON Power for years, we understand each other well, and this synergy will be our greatest asset as we embark on this exciting journey together."

Set to commence in May 2025, the drilling project in Hengill is poised to be a game-changer. The area, known for its geothermal potential, will become a hub of activity as advanced drilling technology is deployed to tap into the earth's natural energy reserves. This initiative is more than just a drilling project; it's a leap towards a greener future, showcasing the power of collaboration and innovation in tackling the global energy crisis.

Image: Smiley faces cleary showing deeper and succeful Wells to be drilled. Great to be Part of a course thats evolving and growing

The anticipation surrounding this project is palpable. Energy enthusiasts and environmental advocates alike are eagerly watching as ON Power and Iceland Drilling Company prepare to break new ground—both literally and figuratively. The successful completion of this project will not only provide a significant boost to Iceland's energy supply but also serve as a model for sustainable energy projects worldwide.

Stay tuned as we follow the progress of this pioneering project. With its blend of cutting-edge technology, seasoned expertise, and unwavering commitment to sustainability, the ON Power and Iceland Drilling Company partnership is set to illuminate a new path in the realm of renewable energy. The future of energy is here, and it starts in Hengill. 

Source:Orka

Connect With Us:Alphaxioms

Comments

Popular posts

Meta and XGS Energy Partner on 150 MW Geothermal Power Project in New Mexico

Meta and XGS Energy Partner on 150 MW Geothermal Power Project in New Mexico A Game-Changer for AI, Clean Energy, and the Future By Robert Buluma – Alphaxioms Energy Blog In a bold move that signals the future of energy and technology convergence, XGS Energy and Meta Platforms, Inc. have announced a groundbreaking agreement to develop 150 megawatts (MW) of next-generation geothermal energy in New Mexico. This partnership not only promises to reshape the state's energy landscape but also underscores the growing demand for sustainable, round-the-clock power to fuel the age of artificial intelligence (AI) and data-driven economies. Clean Power Without Water – XGS’s Unique Edge At the heart of this partnership lies XGS Energy’s proprietary solid-state geothermal technology. Unlike traditional geothermal systems that rely heavily on water and specific geological conditions, XGS’s innovation enables electricity production from hot, dry rock  with zero operating water use. This water-inde...

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...

New Zealand Assembles Global Experts to Lead Supercritical Geothermal Revolution

New Zealand Gears Up for Supercritical Geothermal Breakthrough By:  Robert Buluma New Zealand is taking a bold step into the future of renewable energy with its pioneering supercritical geothermal exploration project. The Government has announced an international review panel of leading geothermal experts to guide this groundbreaking initiative, signaling a major leap toward cleaner, more resilient energy. Global Expertise Joins Forces The panel will be chaired by Professor Roland N. Horne of , a globally recognized leader in earth science and engineering. Joining him are Dr. Omar Friðleifsson and well engineer Kristinn Ingason from the Iceland Deep Drilling Project, along with U.S. geochemist Dr. Darrell Gallup. Their combined expertise covers the full spectrum of geothermal science and engineering, ensuring that New Zealand’s supercritical geothermal ambitions are in capable hands. In addition to the international experts, a top-tier New Zealand technical team has been appointed...

Kenya Powers Up: IFC Injects Ksh 6 Billion to Accelerate Menengai Geothermal Project

Kenya Secures Ksh 6 Billion IFC Loan to Accelerate Menengai Geothermal Project 🚀🌱 By:  Robert Buluma Kenya’s green energy future just received a significant boost!  The International Finance Corporation (IFC) is planning a Ksh 6 billion (~$40 million) loan to accelerate construction at the Menengai Geothermal Project near Nakuru, a cornerstone in the country’s renewable energy ambitions. This funding is earmarked for the construction phase of one of the 35MW Independent Power Producer (IPP) plants within the larger 105 MW Menengai geothermal complex. Once fully operational, the complex is expected to supply clean energy to nearly 500,000 households, a huge leap toward Kenya’s goal of 100% clean energy generation by 2030. Why This Matters for Construction and Development 1. Project Acceleration The IFC loan ensures that construction continues smoothly and rapidly, keeping Kenya on track to expand its baseload renewable energy capacity. 2. Energy Security Unlike solar or wind...

Iceland’s Geothermal Revolution: Bjarni Pálsson to Lead Strategic Task Force Shaping the Nation’s Energy Future

Iceland Charts a Bold Geothermal Future: Bjarni Pálsson to Lead the Nation’s Strategic Task Force By  Robert Buluma | October 30, 2025 Iceland — the land where fire meets ice — is once again positioning itself at the forefront of geothermal innovation. In a decisive move, Iceland’s Minister for Environment, Energy, and Climate , Jóhann Páll Jóhannsson, has launched a new strategic initiative to redefine how the country harnesses its powerful geothermal resources — not just as an energy source, but as a national tool for growth, equality, and global leadership. At the helm of this vision stands Bjarni Pálsson , the President of the International Geothermal Association (IGA) and Executive Director of Wind and Geothermal at Landsvirkjun , Iceland’s national power company. Pálsson will chair an expert task force charged with developing a forward-thinking roadmap for Iceland’s geothermal future — one that could once again set a global benchmark for sustainable energy. A Task Force of ...

Washington State Digs Deep: Exploring Geothermal Energy for a Clean, Reliable Future

An Early Look at Geothermal Energy in Washington: Opportunities and Community Engagement By:  Robert Buluma Washington State  is exploring the untapped potential of geothermal energy, a clean and reliable power source derived from the natural heat within the Earth. Mountains such as Mt. St. Helens have been identified as areas with promising geothermal resources, which could support the state’s shift toward renewable energy and reduce greenhouse gas emissions. Although there are currently no geothermal projects underway in Washington, the state is taking proactive steps to assess the risks, benefits, and opportunities of geothermal development. A new collaborative process has been launched, aiming to involve communities, Tribes, and other interested parties in understanding and shaping the future of geothermal energy in the state. Focus on Three Key Areas The Washington Geological Survey, part of the Department of Natural Resources (DNR), has highlighted three regions with geo...

🔥 Krafla Magma Testbed: Drilling Into the Earth’s Fiery Heart

Krafla Magma Testbed (KMT) : Humanity’s Bold Leap Into the Heart of the Earth Interview  from Bjorn Gudmundsson the C.E.O-Krafla Magma Testbed and Team By:  Robert Buluma In 2009, deep beneath Iceland’s iconic Krafla volcano, a drilling team made history. During the IDDP-1 project, their drill bit pierced into magma molten rock at just two kilometers below the surface. What began as an accident became a scientific revelation. For the first time, humans had safely accessed magma. This “Eureka” moment gave birth to an idea so daring it almost sounds like science fiction: the creation of a permanent observatory where magma could be directly studied. That idea became the  Krafla Magma Testbed (KMT) a visionary international project that promises to rewrite the future of geothermal science, volcanic monitoring, and sustainable energy. Why Krafla? The Perfect Laboratory Beneath Our Feet Krafla’s  geology is unique. It offers a known shallow magma body, decades of research...

Green Climate Fund and IDB Drive Geothermal Transformation Across the Eastern Caribbean

Sustainable Energy Facility for the Eastern Caribbean: Unlocking Geothermal Power for Island Nations By:  Robert Buluma In a bold step toward achieving energy independence and climate resilience, the Green Climate Fund (GCF), in partnership with the  Inter-American Development Bank (IDB), is spearheading a regional geothermal revolution across the Eastern Caribbean. The Sustainable Energy Facility for the Eastern Caribbean (FP020) is not just a clean energy project—it’s a blueprint for how small island developing states (SIDS) can transition from fossil fuel dependency to sustainable, homegrown power. A Regional Vision for Energy Transformation Approved by the GCF Board in October 2016, this multi-country initiative spans Dominica, Grenada, Saint Kitts & Nevis, Saint Lucia, and Saint Vincent & the Grenadines—five nations bound by geography, vulnerability, and a shared goal of energy security. Collectively, these islands have long relied on imported liquid fuels to gen...

Margün Energy Secures 505 MW Geothermal Licenses, Expands Renewable Frontier in Turkey

Magnum Energy  Expands into Geothermal, Securing Licenses for 505 MW Potential in Turkey Published: November 5, 2025 By  Robert Buluma Turkish renewable energy powerhouse Margün Energy is making a bold move into geothermal energy, acquiring nine geothermal licenses that could unlock a potential 505 MW of power production . This expansion aligns with the company’s broader ambitions in renewables and lithium extraction. Listed on the Istanbul Stock Exchange since 2021, Margün Energy announced it will establish a subsidiary, Margün Jeotermal , to oversee its geothermal portfolio across the provinces of Denizli in southwestern Turkey and Manisa in the west. Through its fully-owned subsidiary Bosphorus Yenilenebilir Enerji , Margün Energy will hold a 77.5% stake in the new venture. The company anticipates a total annual electricity output of 3.86 TWh , generating approximately USD 405 million in revenue , translating into USD 324 million in EBITDA . Margün Energy is alre...

Vinkovci’s Geothermal Breakthrough: Unlocking Croatia’s Clean Energy Future

Vinkovci Uncovers Massive Geothermal Potential: Studies and Documentation Underway By:  Robert Buluma Vinkovci, Croatia – November 3, 2025 Recent research at the Vinkovci GT-1 well has confirmed significant geothermal potential in the area, positioning Vinkovci as the third Croatian city—after Velika Gorica and Osijek—to record reservoir temperatures above 100°C. These findings continue a successful series of exploratory activities led by the  Croatian  Hydrocarbons Agency (Agencija za ugljikovodike) as part of the project “Preparation and Exploration of Geothermal Potential in the Context of Centralized Heating.” Energy of the Future Beneath Vinkovci Mayor Josip Romić expressed his excitement on social media, stating: "Research has confirmed what we believed from the start—Vinkovci and our region hold enormous geothermal potential. Beneath our feet lies the energy of the future, enabling us to reduce dependency on external factors and fluctuating energy prices. This is ...