Alphaxioms Geothermal News and Related Research Globally

Alaska’s Ambitious Step into Geothermal Energy: Augustine Volcano Lease Sale in Focus By: Robert Buluma Image credit: Bain Graham Nestled in the heart of southern Cook Inlet, the imposing Augustine Volcano stands as both a challenge and an opportunity. Rising 4,133 feet, this cone-shaped volcanic island has piqued the interest of geothermal enthusiasts, policymakers, and energy companies alike. In an exciting development, Alaska’s Division of Oil and Gas is preparing for a geothermal lease sale on Augustine’s north side—a bold move to harness the earth’s untapped power. This initiative, sparked by interest from three companies eager to explore geothermal resources, could mark a turning point in Alaska's energy landscape. With a best interest finding issued on January 10, 2025, state officials have paved the way for what could become a groundbreaking exploration effort. As spokesperson Sean Clifton hinted, a lease sale announcement may arrive as early as this spring, opening up 55,7...

Geothermal Energy in the US: A Clean Energy Powerhouse with Tax Incentive Parity By:  Robert Buluma Image credit; Terry Rodgers on LinkedIn The global shift toward renewable energy is rapidly evolving, with geothermal energy finally stepping into the spotlight as a clean, reliable, and sustainable power source. In the United States, a significant leap was taken to elevate geothermal's prominence alongside other renewable energy sources, such as wind and solar, through expanded tax incentives under the Inflation Reduction Act of 2022 (IRA).   This tax incentives will help companies like Eavor to go beyond what they unleashed in the previous year. This move marks a pivotal moment for geothermal energy, aligning it with the same 30% tax credit offered to wind and solar projects. The newfound parity demonstrates the Biden administration's commitment to an inclusive approach to tackling climate change. Geothermal, with its ability to provide consistent, baseload energy, offers...

Request for Proposal: Surface Geothermal Studies for Meru Geothermal Field in Northern Tanzania By: Robert Buluma Image: Tanzanian Elephants cruising through North Tanzania insearch of water and much greener savanna The renewable energy sector in East Africa is experiencing rapid growth, with geothermal energy emerging as a cornerstone of sustainable development. Among the region’s most promising geothermal sites is the Meru Geothermal Field in Northern Tanzania. To unlock this resource's potential, a Request for Proposal (RFP) has been issued for surface geothermal studies, inviting experienced firms and consultants to participate. Just a few hours we were hot with news for Songwe Geothermal call for investors  , getting into this current status at Meru its obvious Tanzania is not mincing when it comes to tapping the heat beneath our feet. Objectives of the RFP The key objective of the RFP is to conduct detailed surface geothermal studies to evaluate the resource potential of the ...

Heating Things Up: Superhot Rock Research Unlocking Geothermal Potential By: Robert Buluma Image: This stones, the tranchyte family ...magical when underneath In the shadow of Oregon's Newberry Volcano, a groundbreaking venture is reshaping the future of renewable energy. With heat trapped deep within the Earth's crust, superhot rock geothermal resources offer an extraordinary opportunity to redefine how we produce electricity. The Geothermal Technologies Office (GTO), with the support of the Bipartisan Infrastructure Law (BIL), is at the forefront of this transformation, aiming to harness the immense potential of superhot geothermal systems.   Earlier on we had reported on how Mazama Energy had received funding from US Department of Energy  , This funding had streched into Fervo Energy and Chevron New Energies.  Why Superhot Rocks Matter Did you know that just 1% of the U.S.'s superhot rock geothermal potential could produce 4.3 terawatts of electricity—nearly four ...

Unlocking Tanzania's Hidden Energy Potential: Investment Opportunities in Songwe Geothermal Field By:  Robert Buluma Image: Simba Marara in Tanzania,just making sure the pride is well secured Nestled in the heart of Tanzania's Songwe region lies a geothermal treasure waiting to be tapped. With hot springs boasting temperatures between 75-85°C, the Songwe Geothermal Field presents a golden opportunity to revolutionize the region's energy landscape, spur economic growth, and position Tanzania as a key player in the renewable energy sector. Tanzania is on the verge of introducing 30 Mwe of energy into its grid  from Geothermal and this call from Ngozi is a testament of full steam ahead. The Promise of Geothermal Energy  Geothermal energy is one of the most reliable and sustainable energy sources, and Songwe’s hot springs hold immense untapped potential. Harnessing this resource can provide clean, reliable, and affordable energy, reduce reliance on fossil fuels, and pave the ...