Skip to main content

Powering the Future: Elemental Energies and Iceland Drilling Forge Global Geothermal Partnership

Elemental Energies and Iceland Drilling Join Forces to Revolutionize Global Geothermal Projects


The geothermal energy sector is experiencing a seismic shift, and two industry leaders, Elemental Energies and Iceland Drilling Company, are taking it to the next level. In a groundbreaking move, the two companies have launched a global joint venture that promises to deliver comprehensive geothermal solutions for projects worldwide. The new partnership combines Elemental Energies’ expertise in subsurface and well engineering with Iceland Drilling’s cutting-edge geothermal drilling services, creating a powerful alliance designed to meet the growing demand for clean, renewable energy.
A Bold Step Toward Sustainable Energy Solutions

With over 70 years of experience and hundreds of geothermal wells constructed globally, Iceland Drilling stands at the forefront of geothermal well construction. Meanwhile, Elemental Energies has spent more than 35 years shaping the future of well management and subsurface engineering. By combining their strengths, they are positioning themselves to take advantage of the massive potential within the geothermal energy market, which is poised for unprecedented growth.

As global decarbonization targets and technological advancements drive momentum in geothermal development, this joint venture promises to streamline project delivery and enhance efficiency. It combines well engineering, subsurface expertise, drilling services, and project management into a unified approach that helps developers reduce costs and ensure successful project outcomes.

Why Geothermal Energy?

Geothermal energy has long been touted as one of the most reliable and sustainable energy sources, and its global potential is staggering. According to the International Energy Agency, geothermal energy could account for 15% of the world’s electricity demand growth by 2050. This is equivalent to nearly 6,000 terawatt-hours per year — the combined current electricity demand of the U.S. and India.

As the global community turns toward decarbonization, geothermal energy presents a reliable, low-carbon solution. With cumulative investments in the sector projected to reach $1 trillion by 2035 and $2.5 trillion by 2050, the demand for expert geothermal drilling and engineering services will continue to grow. This is where the Elemental Energies and Iceland Drilling joint venture comes in, offering comprehensive and scalable solutions that reduce risks and accelerate project timelines. 


Seamless Integration for Efficient Project Delivery

One of the standout features of this partnership is its integrated approach. The joint venture will offer end-to-end services, from early project planning and feasibility studies to subsurface modeling, detailed engineering, and full-scale drilling and project management. This holistic service offering ensures that clients can access the full spectrum of geothermal expertise under one roof.

Whether developers are looking for fully integrated project delivery or individual services, the joint venture can tailor its offerings to meet the specific needs of each project, no matter the stage. This flexibility allows clients to capitalize on best practices and integrate efficiencies that help reduce overall costs.

Geothermal Expansion: A Global Opportunity

The need for geothermal expertise is not limited to one region. In fact, demand is increasing across the globe, with countries in Europe, Africa, and the Americas leading the charge in harnessing geothermal energy. Iceland Drilling has already made a significant mark on the global geothermal landscape, with projects completed in countries such as Kenya, Italy, the UK, and Australia. The company’s fleet of modern hydraulic drilling rigs, combined with Elemental Energies’ well engineering prowess, provides an exceptional advantage in meeting the increasing demand for geothermal solutions.

 Focus on The Azores: A Case in Point

One of the most notable projects currently underway is the geothermal expansion on the Azores Islands, Portugal. Iceland Drilling has been awarded a contract to drill up to nine geothermal wells, with an estimated depth range of 1,000 to 2,300 meters. This project is a part of the islands’ ambitious plan to boost geothermal electricity generation capacity, which currently contributes a significant portion of the islands’ energy supply.

The Azores project marks a pivotal moment for Iceland Drilling, as it is the company’s fifth geothermal drilling operation on the islands. Over the years, Iceland Drilling has successfully drilled wells that now contribute to 25% of the islands' electricity generation, with some islands relying as much as 44% on geothermal energy. The expansion plans aim to increase this capacity further, and the joint venture’s expertise will play a crucial role in ensuring timely and cost-effective execution.

Looking Ahead: A Bright Future for Geothermal Energy

As the world continues to pivot toward cleaner, more sustainable energy sources, the geothermal sector is set to play a vital role in the energy transition. With its vast global experience and cutting-edge capabilities, the Elemental Energies and Iceland Drilling joint venture is ready to lead the charge in delivering innovative, cost-efficient, and scalable geothermal solutions.

From early-stage planning to full-scale project execution, the partnership is well-equipped to address the challenges and opportunities of the rapidly expanding geothermal market. With strategic alignment and complementary expertise, this dynamic venture will play a crucial role in shaping the future of global geothermal energy.

The energy revolution is underway, and geothermal energy is one of its brightest stars. With companies like Elemental Energies and Iceland Drilling at the helm, the future of clean, sustainable energy looks brighter than ever. 

Stay tuned as this exciting partnership unfolds and watch as geothermal energy continues to rise as one of the world’s most reliable and eco-friendly energy sources!

Connect with us: XLinkeidin


Comments

Hot Topics

Pentagon Expands Geothermal Push to Strengthen Military Energy Security

Pentagon’s Power Play:  DoD Expands Geothermal Push to Fortify U.S. Military Energy Security By:  Robert Buluma In a move that blends cutting-edge clean energy technology with the uncompromising demands of national security, the U.S. Department of Defense (DoD) is ramping up its geothermal initiatives to ensure mission assurance and round-the-clock power for military installations. The stakes are high — with threats from wildfires, extreme weather, cyberattacks, and power shortages looming larger than ever, the Pentagon is betting on geothermal’s resilience to keep bases operational no matter the conditions. A United Front for Energy Resilience Through the Defense Innovation Unit (DIU) , the DoD is partnering with the Air Force, Army, Navy, and Marines to de-risk geothermal development and pave the way for full-scale power plant construction on military bases. Six geothermal innovators have been tapped for the mission: Eavor  – Pioneers in closed-loop geotherma...

Mercury, Contact Lead NZ's Supercritical Geothermal Energy Revolution

🌋 From the Ground Up: New Zealand’s Bold Leap into a Supercharged Geothermal Future By:  Robert Buluma In the heart of New Zealand, beneath the rugged volcanic landscapes and steaming geysers, lies an energy revolution waiting to erupt. On July 30th, 2025, a powerful message echoed from the geothermal capital of the Southern Hemisphere — New Zealand is not just embracing its geothermal potential; it is preparing to unleash it. With the unveiling of the draft strategy titled From the Ground Up , the government, led by Minister Shane Jones for Resources and Regional Development, signaled a transformative shift in how the nation will harness the heat beneath its feet — and it's as ambitious as it is inspiring. 🔥 A Legacy Forged in Steam New Zealand’s geothermal story is deeply rooted in its identity. Long before turbines spun and power grids buzzed, Māori ancestors were using geothermal waters for warmth, healing, and cooking. Geothermal, or waiwhatu , is more than a resource — ...

Canada’s Bold Leap: Geothermal-Powered Communities Are Here

Powering Canada’s Future: A Landmark Geothermal Alliance Between Diverso Energy and Mattamy Homes By Robert Buluma , August 2025 Imagine a neighbourhood where homes stay comfortably warm in winter and refreshingly cool in summer—without relying on gas or expensive HVAC systems. Welcome to the new era of sustainable Canadian homebuilding, powered by a groundbreaking partnership between Diverso Energy and Mattamy Homes . What’s the Big News? Diverso Energy , a trailblazer in geothermal Energy-as-a-Service (EaaS), has joined forces with Mattamy Homes , one of North America’s largest privately-owned homebuilders, in a national joint venture to bring geothermal technology into select residential projects across Canada. Diverso will now be the exclusive provider of geothermal heating and cooling to Mattamy developments—from single-family homes and townhouses to mid-rise and high-rise multi-unit buildings. Why It Matters: Sustainable, Scalable, Smart This partnership ushers in a sc...

India’s High-Altitude Geothermal Breakthrough: Powering the Future from Ladakh’s Cold Desert

In the breathtaking heart of Ladakh’s cold desert, at an awe-inspiring altitude of 14,000 feet , India is on the verge of making renewable energy history. By:  Robert Buluma The  The Oil and Natural Gas Corporation (ONGC (ONGC) is nearing completion of a groundbreaking geothermal well in Puga Valley , bringing the nation one giant step closer to its first-ever geothermal power generation project . This is not just another renewable energy venture  it’s a bold statement of self-reliance and innovation . Executed entirely with homegrown expertise, the project unfolds in one of the most challenging terrains on Earth  the extreme, unconsolidated Himalayan formations, where access is limited to specific seasons and the topography is as rugged as it is beautiful. Despite the obstacles, ONGC’s Energy Centre, in collaboration with  Seros Drilling Private Limited, , has pushed forward, proving that determination and engineering excellence can conquer even the most for...

Germany Maps 150+ Deep Geothermal Projects, 2000MW Planned

🌍 Germany’s Geothermal Boom: 2,000 MW in the Pipeline as New Map Reveals Over 150 Deep Geothermal Projects By: Robert Buluma Germany is turning up the heat—literally—on its clean energy future. A newly released map from the German Geothermal Energy Association (BVG) shows a dramatic surge in deep geothermal energy projects across the country. Titled "Deep Geothermal Projects in Germany," the map offers a comprehensive snapshot of over 150 geothermal projects currently in planning, with a staggering potential to generate up to 2,000 MW of thermal energy , and in some cases, electricity. 🔍 Current Geothermal Landscape in Germany According to the BVG, there are now: 42 operational deep geothermal plants 31 provide only heat 9 produce both heat and electricity 2 generate electricity exclusively 16 plants currently under construction 155 new plants in the planning phase 8 research facilities 170 thermal baths powered by geothermal sources The currently installed capacity stan...

Ormat Inks New Zealand Deal for World’s Largest Binary Geothermal Plant

💥  Ormat Inks New Zealand Deal for World’s Largest Binary Geothermal Plant 💥 By:  Robert Buluma In a groundbreaking development for geothermal energy,  Ormat Technologies has signed a new contract with Contact Energy Ltd. to construct the Tehuka 3 geothermal power plant in New Zealand. This marks Ormat’s 16th geothermal power plant in the country and solidifies New Zealand's growing reputation as a global geothermal powerhouse. 🔋 59 MW of Clean Energy Incoming Once completed, Tehuka 3 will generate 59 megawatts (MW) of renewable energy—enough to power thousands of homes and industries with clean electricity. Notably, Tehuka 3 is set to become the largest single geothermal binary unit operational plant in the world, representing a new milestone in binary cycle technology. 🌋 Built on Trust, Powered by Tauhara This contract marks the third collaboration between Ormat and Contact Energy, underscoring a trusted partnership. The Tehuka 3 plant will be located near the exi...

Germany Digs Deep: Fast-Tracking Geothermal Energy to Heat the Future

Germany Supercharges Geothermal Energy for a Carbon-Free Future Germany has just lit a fire under its clean energy transition only this time, the heat is coming from deep underground. By:  Robert Buluma On August 6, 2025, the government approved a bold bill to fast-track geothermal projects across the country. The move could transform how millions of homes and businesses are heated, slashing carbon emissions and cutting dependence on fossil fuels. What’s Changing Faster Approvals: No more endless waiting—geothermal plants, district heating lines, heat pumps, and thermal storage will get priority treatment. Overriding Public Interest: Geothermal now ranks alongside wind and solar, unlocking faster permits and smoother planning. Looser Exploration Rules: Drilling and subsurface studies will face fewer restrictions. Why It Matters Geothermal could supply over a quarter of Germany’s heating needs —and it’s available 24/7, rain or shine. With 42 plants already running and 16 more un...

Innargi Deep: Seismic Surveys Spark Geothermal Heating RevolutionHeading: Łódź DiINNARGI Digs Deep: Seismic Surveys Spark Geothermal Heating Revolutiong Revolution

🌍 Seismic Surveys Kick Off Geothermal Exploration in Łódź Why Łódź is Going Underground for Clean Heat By:  Robert Buluma In an exciting development for climate-focused energy innovation, the Danish company Innargi has teamed up with Veolia Energia Łódź to explore the geothermal potential beneath the city of Łódź, Poland. A letter of intent signed in late 2024 formalized their long-term partnership to decarbonize the city's district heating system by tapping into renewable geothermal resources. Mapping the Earth: What’s Happening & When Starting around August 11, 2025 , seismic surveys are scheduled to begin across four routes covering approximately 160–186 km throughout the city. Specialized vibro‑trucks will send controlled vibrations—lasting roughly 20 seconds—into the ground. These signals are captured by geophones placed in advance along the planned routes. The data will be used to build a detailed subsurface map in just 4 weeks . Survey operations are prima...

Indonesia’s Geothermal Power Surge: Barito Renewables Unleashes Five Game-Changing Projects

A New Chapter in Indonesia’s Energy Future Has Begun. By:  Robert Buluma In a historic move that signals Indonesia’s unwavering commitment to a greener future, PT Barito Renewables Energy Tbk (BREN) has pulled the curtain back on five cutting-edge geothermal power projects under its subsidiary, Star Energy Geothermal . The inauguration, which took place virtually on June 26, 2025 , was no ordinary milestone—it was presided over by none other than President Prabowo Subianto himself, underscoring the national importance of this initiative. Set in the lush geothermal landscapes of Salak and Wayang Windu in West Java , these projects aren’t just about generating electricity—they’re about igniting transformation. 🔋 A USD 365 Million Bet on Green Power Barito Renewables is putting its money where its mission is, investing USD 365 million to inject an additional 112 MW into Indonesia’s energy mix. This expansion is expected to create over 3,300 jobs , supercharging local econom...

🔋 Eavor’s Magnetic Leap: How Germany's First Closed-Loop Geothermal Plant is Rewriting Renewable Energy Rules

🌍 A New Era for Geothermal: Eavor’s Groundbreaking Technology Powers Germany Forward By:  Robert Buluma The renewable energy world is buzzing, and for good reason. In the quiet town of Geretsried, Germany , something extraordinary is happening underground  Eavor Technologies has launched a geothermal revolution that could change the energy game forever. At the center of this disruption is Eavor-Link™ Active Magnetic Ranging (AMR)  a drilling technology so precise, it can align two wells with surgical accuracy, 100 meters apart, thousands of meters below the surface. 🧲 The Magic of Magnetic Ranging Traditional geothermal systems depend heavily on subsurface water and sometimes controversial methods like fracking. But Eavor’s AMR system is eliminating these dependencies by creating a closed-loop geothermal circuit  known as the Eavor-Loop™ . This loop operates with zero emissions, requires no water withdrawal, and eliminates induced seismicity concerns. It ci...