Geothermal Isn't Expensive: The Reservoir Always Has the Final Say Somewhere beneath a volcanic ridge, a drill bit is turning through rock that has not moved in two million years. It costs money every second it turns. And nobody on the surface — not the engineer, not the financier, not the minister who announced the megawatts — knows yet whether that well will produce steam or silence. That single moment explains almost everything people get wrong about geothermal energy. Geothermal is routinely described as expensive, slow, capital-hungry and haunted by drilling risk. Investors are reminded that tens of millions can disappear underground before a single megawatt reaches a grid. All of that is true. But it is not the whole truth. The uncomfortable question the industry keeps avoiding is this: is geothermal expensive, or is the way we develop geothermal making it expensive? Those are two completely different problems. One is geology. The other is us. Why Geothermal Refuses to Be...
Croatia Approves Geothermal Exploration in Kotoriba: No Full Environmental Impact Study Required By: Robert Buluma Croatia has taken a decisive step forward in its clean energy transition with a new approval that underscores its commitment to renewable energy development. The Ministry of Environmental Protection and Green Transition has ruled that the upcoming geothermal exploration project in Kotoriba—specifically in Zones 2 and 3—does not require a full Environmental Impact Assessment (EIA). This decision effectively allows Viola Energy Generation d.o.o. to proceed with drilling up to four geothermal exploration wells, marking a major milestone for the country’s geothermal sector. As Europe accelerates its shift toward sustainable and energy-secure solutions, Croatia’s proactive stance positions it as a rising leader in geothermal development within the region. A Strategic Decision for Croatia’s Renewable Energy Future In its resolution dated 30 October 2025 , the Ministry concluded...