Alphaxioms Geothermal News and Related Research Globally

Breaking New Ground: GA Drilling and NREL Join Forces to Revolutionize Geothermal Energy By: Robert Buluma Geothermal energy has long been the unsung hero of the renewable energy sector. With the potential to provide consistent, baseload power, it remains an underutilized resource due to the challenges of deep drilling. Now, GA Drilling, a pioneering geothermal technology company, has partnered with the U.S. National Renewable Energy Laboratory (NREL) to take a massive leap forward in unlocking geothermal’s full potential. We did an indepth article earlier on Status of Geothermal in USA for our readers to get first hand information on how the geothermal sector looks like A Partnership for the Future GA Drilling and NREL are collaborating to bring a game-changing innovation to the field—an advanced high-temperature downhole generator designed to enhance geothermal drilling applications. This cutting-edge technology will be integrated into GA Drilling’s PLASMABIT® Hybrid drilling solutio...

Pioneering the Future of Geothermal Energy: Texas Leads the Way with Closed-Loop Systems By: Robert Buluma Vallourec's closed loop concept North of Houston, a transformative geothermal initiative is reshaping the energy sector. NOV, a key player in drilling and completions technology, has successfully completed an 11,500-foot closed-loop geothermal test well, marking a significant step forward in renewable energy development. This project highlights the growing potential of closed-loop geothermal (CLG) systems to redefine energy production. Ejen it comes to Geothermal,Innovation and Technology is key and we have seen alot of new findings lately. Unlocking New Possibilities in Geothermal Energy Unlike conventional geothermal systems that rely on naturally occurring underground water sources, CLG technology operates using a sealed system. A specialized heat transfer fluid circulates through a continuous loop, absorbing heat from deep underground rock formations and transporting it to...

Norway Takes a Giant Leap in Geothermal Energy: Qheat and Dhans Drilling Join Forces By: Robert Buluma Norway is making bold strides in the geothermal energy sector, with a groundbreaking collaboration between Qheat and Dhans Drilling. The two companies have signed a Letter of Intent to develop the country’s deepest geothermal well, aiming to reach an unprecedented depth of 4 kilometers. This landmark project is set to revolutionize Norway’s energy landscape, paving the way for deep geothermal solutions that can provide sustainable heating solutions for generations to come. A Partnership to Unlock Geothermal Potential Qheat, a leader in geothermal simulations and coaxial well design, brings its cutting-edge technology and expertise to the project. Their proficiency in designing and stimulating geothermal wells ensures the optimization of underground heat extraction, maximizing the potential of this renewable energy source. Hans Rinde, CEO of Dhans Drilling, emphasized the critical role...

EDF and TAQA Geothermal Forge a Landmark Partnership to Advance Geothermal Energy in Saudi Arabia By: Robert Buluma In a move set to redefine Saudi Arabia’s energy landscape, EDF Saudi Arabia and TAQA Geothermal Energy Company have signed a groundbreaking Memorandum of Understanding (MoU) to accelerate the deployment of geothermal energy technologies in the Kingdom. This strategic agreement was formalized on FebKoruary 12, 2025, during the third edition of the PIF Private Sector Forum at the prestigious King Abdul Aziz International Conference Center in Riyadh. Geothermal Energy is well poised to keep on powering new frontiers and this is Great to find new fields ramping up for the heat beneath our feet A Bold Vision for Sustainable Energy The partnership between EDF and TAQA Geothermal marks a significant milestone in Saudi Arabia’s pursuit of clean, renewable energy solutions. The MoU aims to explore and develop geothermal power generation, HVAC applications, and Compressed Air Energ...

Ormat’s Ijen Geothermal Power Plant: A Bold Step Toward Indonesia’s Renewable Energy Goals   By: Robert Buluma In a significant move toward expanding Indonesia’s geothermal capacity, Ormat Technologies Inc. (NYSE: ORA) has commenced commercial operations for the 35MW Ijen Geothermal Power Plant in East Java. This milestone not only strengthens Ormat’s global footprint but also aligns with Indonesia’s ambitious target of adding 7.2GW of geothermal capacity by 2035.   We had done a research article earlier on how Ormat had drilled exploratory wells in the region and this is good progres Powering Indonesia’s Future with Geothermal Energy   The Ijen Geothermal Facility, jointly developed with PT Medco Power Indonesia, will ultimately reach a total capacity of 110MW under a 30-year power purchase agreement (PPA). Currently, the plant is supplying 35MW of clean, baseload electricity to the Java grid, a crucial step in diversifying Indonesia’s energy mix. ...

Unlocking Bosnia and Herzegovina’s Geothermal Potential: A Golden Opportunity for Experts   By: Robert Buluma 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.   This is not the 80's when Geothermal Energy was being taxed as if it did not mean something, things have changed and it is getting similar incentives as other Renewables. What’s the Deal?   Published on January 29, 2025, this tender (Reference Number: UNDP-BIH-01166) seeks to assess, analyze, and ...

Green Tech International: Powering the Future of Geothermal Energy with a Successful IPO  By: Robert Buluma Bucharest, February 10, 2025 – Green Tech International S.A. (BVB ticker: GREEN), a trailblazer in geothermal energy solutions and the owner of one of Europe’s largest portfolios of deep geothermal wells, has announced the triumphant completion of its Initial Public Offering (IPO) on the Bucharest Stock Exchange. With shares priced at RON 15.00 (approximately EUR 3 per share), the company now boasts a market valuation of RON 1199 million (EUR 241 million). Trading officially kicked off on February 7, 2025, marking a significant milestone for the renewable energy sector.   Geothermal has been mincing companies long money and just recently we showcased how KenGen had surpassed its previous financial rakings with Geothermal being a key factor. This IPO unlocks access to an impressive EUR 135 million Subscription Facility from GEM Global Yield LLC SCS, a leading investm...