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BLM Utah 2026 Geothermal Lease Sale Opens New Energy Opportunities

By Robert Buluma Alphaxioms
BLM Utah 2026 Geothermal Lease Sale: What It Means for U.S. Geothermal Development The Bureau of Land Management’s Utah 2026 Geothermal Lease Sale is a significant signal for the next phase of U.S. geothermal development. As federal agencies continue to prioritize renewable energy on public lands, this project highlights both the practical mechanics of geothermal leasing and the broader policy direction supporting domestic clean energy expansion. For developers, investors, land managers, and energy analysts, the sale offers an important case study in how geothermal projects move from planning into commercial opportunity. Geothermal energy has long been one of the most promising yet underutilized renewable resources in the United States. Unlike solar and wind, geothermal can provide steady baseload power regardless of weather or time of day. That makes it especially valuable in power systems that need reliability, grid stability, and long-duration decarbonization. A lease sale like the ...
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Alberta’s $20 Million Bet on Drilling Innovation: Why Eavor is a Key Contender in the Alberta Drilling Accelerator

By Robert Buluma Alphaxioms
Alberta’s $20 Million Bet on Drilling Innovation: Why Eavor is a Key Contender in the Alberta Drilling Accelerator Date: June 13, 2025 Author:  Robert Buluma Alphaxioms Energy Insights A Bold Step Forward in Drilling Technology Alberta is once again proving that it’s not just rich in natural resources it’s rich in ambition. On June 10, 2025, the Government of Alberta announced a game-changing $20 million investment into the newly launched Alberta Drilling Accelerator (ADA) program, an initiative designed to push the boundaries of drilling innovation. This funding, administered through Emissions Reduction Alberta (ERA), targets emerging technologies that promise to reduce emissions while enabling responsible energy production. With its world-class expertise in oil and gas drilling, and increasing momentum in geothermal, lithium, and critical minerals, Alberta is positioning itself to be the global nerve center of next-generation drilling. And among the hopefuls vying to leverage th...
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Meta and XGS Energy Partner on 150 MW Geothermal Power Project in New Mexico

By Robert Buluma Alphaxioms
Meta and XGS Energy Partner on 150 MW Geothermal Power Project in New Mexico A Game-Changer for AI, Clean Energy, and the Future By Robert Buluma – Alphaxioms Energy Blog In a bold move that signals the future of energy and technology convergence, XGS Energy and Meta Platforms, Inc. have announced a groundbreaking agreement to develop 150 megawatts (MW) of next-generation geothermal energy in New Mexico. This partnership not only promises to reshape the state's energy landscape but also underscores the growing demand for sustainable, round-the-clock power to fuel the age of artificial intelligence (AI) and data-driven economies. Clean Power Without Water – XGS’s Unique Edge At the heart of this partnership lies XGS Energy’s proprietary solid-state geothermal technology. Unlike traditional geothermal systems that rely heavily on water and specific geological conditions, XGS’s innovation enables electricity production from hot, dry rock  with zero operating water use. This water-inde...
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Fervo Energy Pushes Boundaries with 15,000-FT, 500°F Geothermal Well

By Robert Buluma Alphaxioms
Fervo Energy Pushes Boundaries with 15,000-FT, 500°F Geothermal Well — Ushering in a New Era for Enhanced Geothermal Systems June 10, 2025 – By Robert Buluma In a stunning feat of engineering and innovation, Fervo Energy has announced the successful drilling and logging of its Sugarloaf appraisal well, marking a monumental leap in the advancement of Enhanced Geothermal Systems (EGS). Clocking in at an impressive 15,765 feet of true vertical depth and aiming for a bottomhole temperature of 520°F , this well not only sets new records but also firmly positions geothermal energy as a major player in the clean energy race. Breaking Records, Redefining Possibilities What makes this well particularly revolutionary is Fervo’s drastic 79% reduction in drilling time — completing the ultradeep well in just 16 days compared to the U.S. Department of Energy’s baseline expectations. Along the way, the company shattered several drilling records, including: Bit run length: 3,290 feet Average rate...
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Bill Gates Visits Fervo Energy: Exploring the Future of Geothermal Power

By Robert Buluma Alphaxioms
  Robert Buluma Bill Gates recently visited Beaver County, Utah, to tour Fervo Energy’s Cape Station, which is poised to become the world’s largest enhanced geothermal power plant. In a LinkedIn post, Gates highlighted the project's innovative use of horizontal drilling techniques adapted from the oil and gas industry to access geothermal heat more efficiently. This approach allows for the utilization of geothermal resources in areas previously considered unsuitable for traditional geothermal methods . The Cape Station project is expected to deliver up to 400 MW of power, with initial production of 70 megawatts slated for 2026 and full capacity expected by 2028. The project has secured power purchase agreements to supply electricity to approximately 350,000 homes in Southern California . Gates emphasized that geothermal energy is a promising solution for delivering reliable, low-carbon power, especially as demand for affordable energy grows. He also noted that Fervo Energy's...
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Plum IV and CTR’s Geothermal Critical Minerals Deal Takes Shape

By Robert Buluma Alphaxioms
Plum Acquisition Corp. IV and  Controlled Thermal Resources Outline a Large-Scale Geothermal and Critical Minerals Platform Plum Acquisition Corp. IV (“Plum IV”) and Controlled Thermal Resources Holdings Inc. (“CTR”) are moving toward a proposed business combination that would create a public company focused on one of the most ambitious geothermal and critical minerals developments in the United States. The combined entity is expected to trade on Nasdaq under the pro forma ticker CTRH, reflecting a platform built around clean baseload power, lithium recovery, and broader critical minerals production. The investor presentation dated August 2026 frames the transaction around CTR’s Hell’s Kitchen project in Imperial County, California, which is presented as a strategically positioned resource opportunity with energy, minerals, infrastructure, and permitting advantages.   At the center of the presentation is a clear message: this is not just a power project, and it is not j...
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Philippines Geothermal Drilling: Rufino "Dong" Cotanda Jr. on PGPC, EDC, ThermaPrime, and the Future of Geothermal Energy

By Robert Buluma Alphaxioms
Alphaxioms Exclusive: Inside the Philippines' Geothermal Drilling Success Story , A Conversation with Rufino "Dong" Cotanda Jr. Image : Rufino "Dong" Cotanda Jr The Philippines is the world's third-largest producer of geothermal electricity, with more than 2 GW of installed capacity. Behind this achievement is decades of technical expertise, sustained government support, and some of the world's most experienced geothermal drilling professionals. One of those professionals is Rufino "Dong" Cotanda Jr., a drilling veteran with over 45 years of experience in both oil & gas and geothermal operations. Having worked with Saudi Aramco , Desco , Unocal, Chevron , and now the Philippine Geothermal Production Company (PGPC), Dong has helped shape drilling programs across multiple continents. In this exclusive interview with Alphaxioms, he discusses the evolution of geothermal drilling in the Philippines, the technologies improving well performance,...
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EGS, Superhot Rock & AI: Geothermal Expert Cary Lindsey on the Industry's Next 20 Years

By Robert Buluma Alphaxioms
“Inside the Next Wave of Geothermal Innovation: Opportunities, Risks, and Global Impact” By:  Robert Buluma An indepth interview with Cary Lindsey, PhD Research Scientist Great Basin Center for Geothermal Energy, Nevada Bureau of Mines and Geology, University of Nevada Reno  1. Enhanced Geothermal Systems (EGS) are often described as geothermal's "breakout technology." From a geological standpoint, what are the biggest unresolved uncertainties preventing large-scale commercial deployment ? The progress we've seen in EGS over the last few years has been incredible. For a long time, geothermal was largely limited to places where nature had already done the hard work for us by creating hot, permeable reservoirs. EGS opens the door to developing geothermal resources in places that were previously off the table. That said, there are still some big questions we need to answer. Can we maintain those engineered reservoirs for decades? How much liquid (water or brine) will the...
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Dynelectro, Syntholene, and the Geothermal SOEC Breakthrough in Iceland

By Robert Buluma Alphaxioms
Dynelectro, Syntholene, and the Geothermal SOEC Breakthrough in Iceland Dynelectro’s role in the Syntholene Iceland project highlights a major shift in how the market should think about SOEC technology. For years, solid oxide electrolysis cells have been seen as highly efficient but too difficult to commercialize because of stack degradation, short operating life, and the complexity of integrating them into real industrial systems. This project helps challenge that view by showing how geothermal integration, advanced power electronics, and system-level design can make SOEC a credible industrial solution.   The most important takeaway is simple: the market has often misunderstood SOEC as a technology limited by chemistry alone, when in fact a large part of the challenge is operational. Dynelectro’s approach shows that if the stack is controlled properly and supported by the right electrical architecture, SOEC can move much closer to commercial viability. The Syntholene Iceland ...
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Deep Geothermal Drilling Preparation for Renewable District Heating

By Robert Buluma Alphaxioms
Deep Drilling Preparation for Geothermal Energy: The Erdwärme Breisgau Project The Erdwärme Breisgau geothermal project has received approval for its next phase, allowing Badenova and Herrenknecht to begin preparing a deep-drilling site near Hartheim in Baden-Württemberg, Germany. The partners plan to invest approximately €60 million to explore a geothermal reservoir located around 3,200 metres underground and develop a heating plant for regional district heating.  Why Deep Drilling Matters for Geothermal Heating Deep geothermal energy can provide a stable, renewable source of heat for district-heating networks. Unlike solar and wind power, which depend on weather conditions, geothermal heating can operate continuously when the underground reservoir and surface infrastructure are technically and economically viable. The Erdwärme Breisgau project is designed to investigate a hot-water reservoir beneath the Hartheim area. The plan involves drilling two directional wells: one producti...
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🔥 Krafla Magma Testbed: Drilling Into the Earth’s Fiery Heart

By Robert Buluma Alphaxioms
Krafla Magma Testbed (KMT) : Humanity’s Bold Leap Into the Heart of the Earth Interview  from Bjorn Gudmundsson the C.E.O-Krafla Magma Testbed and Team By:  Robert Buluma In 2009, deep beneath Iceland’s iconic Krafla volcano, a drilling team made history. During the IDDP-1 project, their drill bit pierced into magma molten rock at just two kilometers below the surface. What began as an accident became a scientific revelation. For the first time, humans had safely accessed magma. This “Eureka” moment gave birth to an idea so daring it almost sounds like science fiction: the creation of a permanent observatory where magma could be directly studied. That idea became the  Krafla Magma Testbed (KMT) a visionary international project that promises to rewrite the future of geothermal science, volcanic monitoring, and sustainable energy. Why Krafla? The Perfect Laboratory Beneath Our Feet Krafla’s  geology is unique. It offers a known shallow magma body, decades of research...
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SECI Invites Geothermal Agencies for Resource Assessment and Power Development in Andaman & Nicobar Islands

By Robert Buluma Alphaxioms
SECI’s Geothermal EOI for Andaman & Nicobar Islands: What It Means for India’s Next Frontier in Clean Power The Solar Energy Corporation of India’s EOI for geothermal resource assessment and development in the Andaman & Nicobar Islands is a notable signal that India is widening its renewable-energy playbook beyond solar and wind. For developers, consultants, and investors, this tender is less about a single procurement and more about a strategic entry point into one of India’s most technically intriguing clean-energy frontiers. Why This EOI Matters SECI has published Tender ID SECI000268 under reference SECI/C&P/EOI/17/0003/26-27 for the “Identification and Capability Assessment of Agencies for Geothermal Resource Assessment, Exploration, Development, and Utilization of Geothermal Power Plant in UT of A&N Islands.” The document indicates that the initiative is meant to identify agencies with capability across geothermal resource assessment, exploration, development, and...
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INTERVIEW, Geretsried and Beyond: Eavor’s Blueprint for Reliable, Sustainable Energy

By Robert Buluma Alphaxioms
Robert Buluma :  Alphaxioms Responses were provided by Jeanine Vany, Executive Vice-President of Corporate Affairs, Eavor . Can you explain the key technological advancements in the latest iteration of the Eavor-Loop™ system? We have made a number of technological advancements at our project in Geretsried Germany . This includes innovation and learning resulting in dramatic improvements in our drilling performance and we’re proud to talk about our technology. For example, Eavor recently announced successful implementation of our in-house AMR (active magnetic ranging) tool which makes drilling more accurate and efficient. Eavor-Link™ AMR uses magnetic ranging while drilling to maintain constant alignment as it drills two wells at approximately 100 metres apart before they are intersected to create a continuous geothermal loop, which is then sealed with Eavor’s proprietary Rock-Pipe™ formula. With real-time data transmission between downhole sensors, the technology ensures tighter bo...
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AFK Geothermie launches €65M dublette drilling to heat 1,200 homes

By Robert Buluma Alphaxioms
AFK Geothermie launches second dublette drilling in Aschheim , pathway to 1,200 geothermal heat connections Summary AFK Geothermie has begun preparing the drill site for a second deep geothermal dublette near Aschheim. Drilling is scheduled to start in November at depths up to 2,600 meters. The project aims to supply up to 1,200 residential connections in Aschheim, Feldkirchen and Kirchheim with district heating from January 2028, expanding an established field first tapped in 2008. Total investment is around €65 million, combining public grants, municipal contributions, company equity and long-term loans. Why this matters now The AFK project is a practical example of how municipal-scale geothermal systems move from demonstration to scale-up. As European policymakers push for decarbonized heating, replicable, well-financed geothermal projects that integrate with existing district heating networks are becoming critical. The Aschheim dublette highlights common technical, financial and ...
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Exclusive Interview: An In-Depth Look at Exergy’s Game-Changing Gemini Turbine

By Robert Buluma Alphaxioms
Exclusive interview with Exergy : discover the new Gemini dual-flow radial outflow turbine, the first single-unit ORC solution for 30–60 MW geothermal projects, offering up to 30 % lower costs and 99 % availability. By:  Robert Buluma .   An interview with  Luca Pozzoni -  Deputy CEO | Group CFO - Exergy International and the Exergy Team 1. Can you walk us through the key design innovations in your new Gemini turbine and how it differs from previous models? The major innovation of the Gemini turbine lies in the dual-flow configuration: unlike conventional radial outflow turbines which are equipped with a single bladed overhung rotor disk, the Gemini features a double-side bladed rotor disk mounted in a between-bearing configuration. This enables the efficient processing of significantly larger volumes of fluid, leading to higher power output having basically two radial outflow turbines in a single machine with enhanced operational stability and simplified mainte...
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