Alphaxioms Geothermal News and Related Research Globally

El Salvador Mines 474 Bitcoin Worth $29 Million with Volcano-Fueled Geothermal Power By:  Robert Buluma El Salvador is revolutionizing cryptocurrency mining by harnessing the natural power of its volcanoes. Since 2021, the Central American nation has mined an impressive 474 Bitcoins using geothermal energy derived from the Tecapa volcano, valued at approximately $29 million at current Bitcoin prices.   A Renewable Energy-Powered Breakthrough   This groundbreaking initiative is part of El Salvador’s larger strategy to merge cryptocurrency with renewable energy. Geothermal energy, which accounts for 25% of the country's electricity production, plays a crucial role in powering these operations. The state-owned geothermal company, LaGeo, operates two major plants that generate a combined 204 megawatts of power. From this capacity, 1.5 megawatts are used to sustain the mining of Bitcoin, a process often criticized globally for its energy consumption and environmental...

Vienna's Leap Into Carbon-Neutral Energy: Inside the City's First Deep Geothermal Plant   By:  Robert Buluma Image of the city of Aspen in a blink mid_winter Vienna, a city famed for its historical landmarks and cultural elegance, is making headlines for something entirely different — the groundbreaking development of its first deep geothermal energy plant. Nestled in Aspern, within the city’s 22nd district, this ambitious project by OMV AG and Wien Energie GmbH is set to revolutionize how Vienna powers its homes, all while paving the way to a sustainable, carbon-neutral future.    The Heart of the Project: Drilling Deep for a Better Tomorrow   This isn’t just another energy project; it’s a bold leap into the future. Drilling into the depths of the Aderklaaer Konglomerat, a natural hot water reservoir sitting 3,000 meters below Vienna’s surface, this initiative taps into geothermal energy — an inexhaustible, renewable source of heat. By 2028, this...