Alphaxioms Geothermal News and Related Research Globally

Powering the Future: Star Energy Group Bold Move Towards Geothermal Energy By: Robert Buluma In a groundbreaking move towards sustainable energy, Star Energy Group (AIM: STAR) has just announced the closing of a new €25 million secured facility with Kommunalkredit Austria AG (Kommunalkredit). This financial boost marks a significant step in Star Energy's transition strategy, particularly focusing on geothermal energy while maintaining investments in conventional oil and gas businesses. Chris Hopkinson, the CEO of Star Energy expressed his excitement, stating, "Securing this facility is an important milestone for Star Energy. It allows us to use cashflows from our existing oil and gas business to optimize near-term conventional production and deliver our transition strategy; namely developing and monetizing our geothermal business in both the UK and Croatia." Evidently,Oil and gas companies have been going Geothermal and Today we've found a new neighbor What makes th

Unleashing the Power of Earth's Heat: NRW's Masterplan Geothermal By: Robert Buluma In a groundbreaking move towards sustainable energy, the state of North Rhine-Westphalia (NRW) unveils its ambitious "Masterplan Geothermie NRW." Spearheaded by the dynamic Wirtschafts- und Klimaschutzministerin Mona Neubaur, this plan promises to revolutionize the region's energy landscape, tapping into the immense potential of geothermal energy as a reliable and carbon-neutral heat source. Given that Geothermal energy has been approved as a vital way of meeting energy needs with policies being approved this blue print is a one way of making Geothermal work Geothermal energy, often overshadowed by its more visible counterparts like solar and wind power, holds remarkable promise in the quest for renewable energy solutions. By harnessing the Earth's natural heat stored beneath its surface, NRW aims to reduce its reliance on fossil fuels and make significant strides towards achie