Geothermal Isn't Expensive: The Reservoir Always Has the Final Say Somewhere beneath a volcanic ridge, a drill bit is turning through rock that has not moved in two million years. It costs money every second it turns. And nobody on the surface — not the engineer, not the financier, not the minister who announced the megawatts — knows yet whether that well will produce steam or silence. That single moment explains almost everything people get wrong about geothermal energy. Geothermal is routinely described as expensive, slow, capital-hungry and haunted by drilling risk. Investors are reminded that tens of millions can disappear underground before a single megawatt reaches a grid. All of that is true. But it is not the whole truth. The uncomfortable question the industry keeps avoiding is this: is geothermal expensive, or is the way we develop geothermal making it expensive? Those are two completely different problems. One is geology. The other is us. Why Geothermal Refuses to Be...
Exciting Developments in Indonesian Geothermal Energy: The 46 MW Nage Geothermal Plant Auction By: Robert Buluma The energy landscape of Southeast Asia is on the brink of a transformative shift, as the Indonesian Ministry of Energy and Mineral Resources (Kementerian ESDM) recently announced a highly anticipated tender for the Nage Geothermal Working Area (GWA) on Flores Island. This landmark project aims to harness the island's geothermal potential, contributing significantly to Indonesia's renewable energy portfolio. A Gateway to Sustainable Energy Set against the backdrop of Indonesia's lush landscapes, the Nage GWA project is not just another energy initiative but a bold step toward a greener future. The project has an estimated geothermal reserve of 46 MWe, with plans to develop a capacity of 40 MW. This ambitious endeavor underscores the Indonesian government's commitment to leveraging its abundant geothermal resources to meet growing energy demands sustainably. Cu...