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Eavor Demobilizes Rigs in Geretsried: What It Means for Closed-Loop Geothermal Investors, Heat Markets, and Project Risk

By Robert Buluma Alphaxioms
Eavor Demobilizes Rigs from Geretsried: What It Really Means for Closed-Loop Geothermal For three years, two drilling rigs on a farm estate near Geretsried, a Bavarian town about 40 km south of Munich, stood as the symbol of the world's most ambitious closed-loop geothermal experiment. Now in October 2026,  Eavor Technologies, the Calgary-based developer of the Eavor-Loop, has told the town and its heating utility that both rigs would leave the site . The company said keeping idle rigs and specialist services on site was costly, and that releasing them would help put the project in the strongest position to continue with Loop 2 once its commercial structure is reworked . On the surface, this is a logistics decision. Underneath, it is one of the clearest signals yet about where first-of-a-kind geothermal technology stands, and how hard it is to turn a technical proof into a bankable business. This article explains exactly what happened, what the move means and what it does not mean...
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Exploring Bosnia and Herzegovina’s Geothermal Future: UNDP Calls for Experts to Lead Groundbreaking Study

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By Robert Buluma Alphaxioms
Unlocking Bosnia and Herzegovina’s Geothermal Potential: A Golden Opportunity for Experts  

The global push for sustainable energy has ignited interest in geothermal resources, and Bosnia and Herzegovina (BiH) is the latest country stepping up to explore its underground energy reserves. The United Nations Development Programme (UNDP) has announced a Request for Proposal (RFP) for the Development of a Study on the Geothermal Potential of the Federation of Bosnia and Herzegovina (FBiH). This presents a lucrative opportunity for geothermal experts, energy consultants, and research institutions to shape the future of renewable energy in the region.  

What’s the Deal?  
Published on January 29, 2025, this tender (Reference Number: UNDP-BIH-01166) seeks to assess, analyze, and strategize the utilization of geothermal energy in FBiH. The deadline for submission is February 26, 2025, at 09:00 AM (New York time)a tight but manageable window for firms and specialists eager to contribute to the region’s energy transformation.  

Scope of Work: Charting the Geothermal Landscape
The project is structured into five critical tasks:  

Task 1: Comprehensive collection and analysis of existing data on geothermal exploration, utilization, strategic plans, policies, and regulations in FBiH.  
Task 2: Drafting a Preliminary Study on geothermal potential, identifying key areas for development.  
Task 3: Facilitating public discussions on the findings of the Draft Study to ensure transparency and stakeholder engagement.  
Task 4: Refining the study based on feedback, preparing the final document. 
Task 5: Securing final approval from UNDP and the FBiH Ministry of Energy, Mining, and Industry. 

Why This Study Matters 
Geothermal energy offers a stable, low-emission, and renewable energy source, making it an ideal candidate for reducing FBiH’s reliance on fossil fuels. This study will lay the groundwork for future exploration, investment, and policy development in Bosnia and Herzegovina's geothermal sector.  

Who Should Apply?
This RFP is a prime opportunity for:  

Geothermal consultants and experts with experience in resource assessment and feasibility studies.  
Energy firms and research institutions specializing in geothermal energy development.  
Universities and geological survey organizations with expertise in subsurface data analysis.  
Environmental and policy advisory firms that can shape sustainable energy frameworks.  
Image: steam emanating from geothermal wells in Menengai Kenya
How to Submit a Proposal
Interested bidders must submit their offers through UNDP’s Quantum Supplier Portal. If you haven’t registered yet, follow the Supplier Registration https://www.undp.org/procurement/business/resources-for-bidders process. Those with existing profiles can access the tender directly using Reference Number: UNDP-BIH-01166. 

For additional support, suppliers can contact registry.ba@undp.org. 

The Future of Geothermal Energy in FBiH
This initiative could mark the beginning of a geothermal revolution in Bosnia and Herzegovina. If executed successfully, it will attract investors, foster innovation, and create a roadmap for large-scale geothermal energy production in the region. 

For geothermal professionals, this is more than a contract—it’s a chance to be part of an energy transformation. Will you be the one to shape the future of renewable energy in Bosnia and Herzegovina?  


Act fast—the deadline is approaching!

Source:UNDP

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