Alphaxioms Geothermal News and Related Research Globally

Ignis Awards Drilling Consultancy Contract to Procubex for Geothermal Exploration in Türkiye By: Robert Buluma The global geothermal industry has marked yet another milestone as Ignis awards a prestigious drilling consultancy contract to Procubex for an upcoming deep wells campaign in Türkiye. This contract represents a significant step in Ignis' commitment to advancing sustainable energy solutions and expanding its geothermal energy portfolio. Procubex: A Leading Geothermal Consultancy Firm Procubex is a renowned engineering consultancy firm specializing in geothermal energy exploration, feasibility studies, project management, drilling operations, and well completion services. With a strong presence across Europe and Türkiye, Procubex has built a reputation for delivering cutting-edge geothermal energy solutions that drive efficiency, safety, and sustainability. Strategic Partnership for Geothermal Development Under this contract, Procubex will provide critical support in managin...

Elemental Energies and Iceland Drilling Join Forces to Revolutionize Global Geothermal Projects By: Robert Buluma 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. Most People feel Geothermal is not taking a center stage but we feel otherwise given the current unfoldings 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 geotherm...

Ignis H2 Energy Raises $12.5M in Series A First Close: Paving the Way for a Sustainable Future in Geothermal Power By: Robert Buluma An image example of a geothermal drilling rig at Eden Geothermal In a groundbreaking move, Ignis H2 Energy Inc. has successfully secured $12.5 million in the first close of its Series A funding round, a game-changer for the geothermal industry. The funding comes from a distinguished consortium of investors, including leading funds, private individuals, and strategic partners like drilling contractor Nabors Industries. The round is led by alfa8 , a firm dedicated to advancing technologies for a sustainable future. This infusion of capital is set to accelerate Ignis Energy's mission to develop geothermal power across the globe, tapping into vast untapped energy reserves in the USA, Turkey, Indonesia, and Italy. This is not the first time we are seeing Geothermal startups raise tangible amounts of money as Sagegeosystems also had raised a similar amount...

Data centers are the backbone of the digital age, facilitating everything from cloud computing to artificial intelligence (AI) applications. However, their energy-intensive operations have raised concerns about sustainability and operational costs. Geothermal energy has emerged as a viable solution to address these challenges with case examples also derived from Nuclear Energy Robert Buluma Sneak pick inside a data center This article explores how data centers globally are leveraging geothermal energy to reduce costs, with case studies from Kenya, Meta, Sage Geosystems, and others, comparing geothermal energy to alternative energy sources. The Energy Demands of Data Centers Data centers consume significant amounts of electricity, with cooling systems alone accounting for up to 40% of their total energy usage. Projections indicate that by 2030, data centers could consume as much as 9% of the United States' annual electricity generation.  This substantial energy demand has prompted ...

Mexico’s Energy Reform: A Climate Scientist’s Vision for Geothermal and Renewables By: Robert Buluma The president of Mexico Mexico is on the brink of a transformative energy shift under the leadership of President Claudia Sheinbaum, a renowned climate scientist. Her administration has introduced an ambitious energy reform aimed at redefining the country’s approach to power generation, prioritizing energy sovereignty, sustainability, and an accelerated transition to renewable sources particularly geothermal energy. France also is amongst the many countries which have taken a leap to revamp their Geothermal A Reform to Reshape Mexico’s Energy Landscape The initiative, presented to the Senate, seeks to restructure the Federal Electricity Commission (CFE), Petróleos Mexicanos (PEMEX), and other key energy institutions. The goal is clear: to ensure Mexico’s energy security while reducing reliance on fossil fuels by expanding investment in cleaner, more sustainable sources like geothermal p...