Alphaxioms Geothermal News and Related Research Globally

UK Allocates £10 Million to Accelerate Grenada’s Green Energy Transition By:  Robert Buluma Grenada has received a significant boost in its journey toward sustainable energy solutions, thanks to a £10 million investment from the UK government. The announcement was made during a meeting between Baroness Chapman, the UK Minister for Latin America and the Caribbean, and Grenadian Prime Minister Dickon Mitchell in St. George’s.   This funding will be directed toward Grenada’s Geothermal Energy Development Project, which aims to explore the viability of the country’s geothermal resources. If successful, this initiative could reduce Grenada’s heavy reliance on imported fossil fuels and lay the groundwork for locally sourced, cost-effective, and climate-resilient energy solutions.   A Major Step Toward Energy Independence   Baroness Chapman emphasized the importance of this investment, stating, *“I am thrilled to announce £10m in new funding, which is support...

Unlocking Geothermal Energy in Saudi Arabia: From Geology to Techno-Economic Analysis By:  Robert Buluma Saudi Arabia is poised to become a global leader in renewable energy, with geothermal energy emerging as a viable and sustainable option. While the Kingdom has long relied on fossil fuels, the nation's ambitious Vision 2030 plan highlights a shift towards clean energy, such as wind, solar, and now geothermal power. The Untapped Potential of Geothermal Energy in KSA Geologically, Saudi Arabia is endowed with significant geothermal energy resources, particularly along the Red Sea Rift Basin. This area is characterized by high heat flow from the Earth's depths, offering an ideal setting for geothermal energy development. These resources can provide sustainable baseload energy for various applications, including electricity generation, district heating and cooling, and water desalination—critical in a region where water scarcity is a pressing issue. By tapping into geothermal re...

The Rising Potential of Geothermal Energy: Insights from the  IEA The Internationa geel Energy Agency  (IEA) has shed light on the transformative potential of geothermal energy in its latest report. As a clean, renewable resource, geothermal is uniquely positioned to play a vital role in achieving global climate goals, thanks to its reliability and diverse applications. The report emphasizes the urgent need for investments, technological innovation, and supportive policies to maximize geothermal's contribution to the energy transition. Earlier on we reported on the agencies deep dive into critical minerals and we are fascinated to keep our readers on track. Current Status and Future Projections Geothermal energy is currently underutilized, generating 67 TWh of electricity annually. However, with enhanced deployment strategies, this figure could soar to 1,400 TWh by 2050. Additionally, direct applications of geothermal heat could rise to 1,600 TWh annually. This growth would s...