Skip to main content

Just In

Margün Enerji to Acquire Turkish Geothermal Firm Hez Enerji in USD 150 Million Deal

Margün Enerji’s USD 150 Million Acquisition of Hez Enerji Signals a New Geothermal Consolidation Wave in Türkiye The global renewable energy sector is undergoing a rapid phase of consolidation, with strategic acquisitions reshaping ownership structures, accelerating capacity expansion, and strengthening long-term energy security. One of the latest and most significant moves comes from Türkiye, where Margün Enerji Üretim Sanayi ve Ticaret A.Ş. has agreed to acquire geothermal company Hez Enerji İnşaat San. ve Tic. A.Ş. in a deal valued at approximately USD 150 million . The transaction, which includes an operational geothermal power plant and additional resource licenses, underscores the aggressive expansion strategy of Margün Enerji in the geothermal space. This acquisition is not just a financial transaction—it represents a broader strategic pivot in Türkiye’s renewable energy landscape, where geothermal energy is increasingly becoming a core pillar of baseload clean power generati...

Ameresco and Velarium Complete Major Fort Polk Geothermal Transition

Fort Polk Goes Geothermal: How a $30 Million Energy Upgrade Is Transforming U.S. Military Housing


In a world increasingly defined by energy security, climate responsibility, and infrastructure modernization, a quiet revolution is unfolding beneath the homes of thousands of U.S. military families. At the heart of this transformation is a landmark geothermal energy project completed at , where advanced ground-source heat pump systems are redefining how military housing consumes energy.

The project—completed by in partnership with  between the two entities  represents a $30 million investment in clean energy, efficiency, and resilience. But beyond the numbers lies a powerful story about how geothermal technology is quietly reshaping energy systems in one of the most demanding operational environments: military installations.

The project not only modernizes energy systems across thousands of homes but also sets a precedent for future energy transitions across the U.S. Army’s nationwide housing portfolio.


A Major Leap Toward Energy-Efficient Military Housing

The geothermal modernization project focused on transforming the energy infrastructure of 3,600 military family homes located at Fort Polk. These homes are owned and operated by , which manages housing communities for service members and their families.

Through an Energy Savings Performance Contract (ESPC), Ameresco and Velarium introduced a comprehensive suite of energy efficiency measures designed to reduce energy consumption and operating costs while improving comfort for residents.

The results are striking:

  • 30% reduction in annual electricity consumption
  • More than $2.6 million in yearly utility and operational savings
  • Significant improvements in residential energy efficiency
  • Increased reliability and reduced maintenance requirements

These numbers highlight an important shift in how large government facilities approach energy infrastructure. Instead of relying on traditional heating and cooling systems, Fort Polk has embraced geothermal energy as the backbone of its residential energy system.

The initiative demonstrates that geothermal energy is not only environmentally sustainable but also economically compelling when deployed at scale.


The First Fully Geothermal Army Housing Installation

Perhaps the most remarkable achievement of the Fort Polk project is that it marks the first complete geothermal conversion of residential housing across a U.S. Army installation.

Every home within the housing portfolio now relies on ground-source heat pump (GSHP) technology for heating, cooling, and hot water production.

This transformation replaces traditional HVAC systems that typically depend on fossil fuels or inefficient electric heating systems.

Ground-source heat pumps work by tapping into the stable temperatures beneath the Earth's surface. Unlike conventional heating systems that generate heat directly, GSHP systems transfer heat between buildings and the ground.

This process allows homes to:

  • Stay cool during hot summers
  • Remain warm during cold winters
  • Maintain consistent indoor comfort
  • Use significantly less electricity

By harnessing the stable underground temperature, geothermal systems operate with exceptional efficiency.

For military families living at Fort Polk, this translates into quieter homes, more reliable heating and cooling, and lower long-term energy costs.


How Ground-Source Heat Pumps Work

At the core of the project is ground-source heat pump technology, one of the most efficient heating and cooling systems available today.

These systems rely on a network of underground pipes—often called a ground loop—that circulate a heat transfer fluid. The fluid absorbs heat from the ground during winter and releases heat into the ground during summer.

Because underground temperatures remain relatively constant year-round, geothermal systems operate with far greater efficiency than conventional HVAC systems.

Typical benefits include:

  • Up to 50–70% reduction in heating energy use
  • 25–50% reduction in cooling energy use
  • Lower maintenance requirements
  • Longer equipment lifespan

For large residential communities like Fort Polk, these advantages scale dramatically, making geothermal systems one of the most powerful tools for reducing energy demand.


Beyond Heating and Cooling: A Comprehensive Energy Upgrade

While geothermal heating and cooling form the foundation of the project, the modernization effort included several additional energy efficiency improvements.

Advanced Energy Metering

Smart energy metering systems were installed across residential units to provide real-time monitoring of energy consumption.

These systems allow facility managers to:

  • Track energy usage patterns
  • Detect inefficiencies quickly
  • Optimize building performance

For large housing portfolios, data-driven energy management can significantly enhance operational efficiency.

LED Lighting Deployment

The project also included the installation of high-efficiency LED lighting across homes.

LED technology consumes significantly less electricity than traditional incandescent or fluorescent lighting while offering longer lifespans.

This simple upgrade contributes meaningful energy savings while reducing maintenance costs.

Hot Water System Optimization

Hot water systems were also integrated into the geothermal network.

Ground-source heat pumps can generate hot water far more efficiently than traditional electric heaters. By integrating hot water production with geothermal systems, the project further reduces electricity demand.


Strengthening Energy Resilience for the U.S. Army

Energy resilience has become a critical priority for military installations worldwide.

Modern military bases must ensure that energy systems remain reliable even during grid disruptions, extreme weather events, or supply chain challenges.

The Fort Polk geothermal project strengthens resilience in several key ways:

  1. Reduced reliance on traditional power systems
  2. Lower peak electricity demand
  3. Improved reliability of heating and cooling systems
  4. Lower infrastructure maintenance requirements

Geothermal systems are particularly valuable for resilience because they rely on underground resources that remain stable regardless of weather conditions.

This makes them far less vulnerable to disruptions compared to traditional energy systems.

For installations responsible for training and preparing military units for global deployment, maintaining stable infrastructure is essential.


Economic Benefits Beyond the Base

Large energy infrastructure projects often generate significant economic benefits for surrounding communities.

The Fort Polk project is no exception.

Construction and installation activities supported local contractors, technicians, and suppliers, creating jobs and stimulating regional economic activity.

Additionally, the geothermal systems installed in the project were manufactured in Oklahoma, demonstrating how domestic energy manufacturing can support large-scale infrastructure projects.

Such investments contribute to:

  • Job creation
  • Workforce development
  • Local economic growth

These benefits reinforce the broader value of renewable energy projects beyond environmental gains.


The Role of Ameresco in Energy Infrastructure Transformation

The successful completion of the Fort Polk project underscores the expertise of in delivering complex energy infrastructure solutions.

Founded in 2000 and headquartered in , Ameresco has become a global leader in energy efficiency and renewable energy development.

The company’s portfolio includes:

  • Smart energy efficiency solutions
  • Distributed energy resource development
  • Infrastructure modernization
  • Net-zero energy transition strategies

Ameresco works with governments, utilities, educational institutions, healthcare facilities, and commercial organizations to deliver integrated energy solutions.

Its work at Fort Polk demonstrates how energy efficiency and renewable technologies can be combined into large-scale projects that deliver measurable benefits.


Velarium Energy’s Contribution to Military Energy Solutions

Partnering with Ameresco on the project was , a company specializing in energy systems for government and defense markets.

Velarium focuses on building resilient infrastructure that supports operational readiness for critical institutions.

The company provides expertise in:

  • Distributed energy systems
  • Energy storage
  • Grid modernization
  • Infrastructure efficiency upgrades

By combining technical engineering expertise with innovative financing models, Velarium helps large institutions implement energy projects that might otherwise face financial barriers.


Why Military Installations Are Ideal for Geothermal

Military bases are uniquely suited for geothermal energy adoption.

Unlike dense urban environments, military installations often have:

  • Large land areas
  • Stable infrastructure planning timelines
  • Centralized housing systems
  • Long-term investment strategies

These characteristics make geothermal projects easier to deploy at scale.

Additionally, the military has increasingly prioritized sustainability as part of broader national energy security strategies.

By reducing reliance on external energy supplies, bases can improve operational independence.

Geothermal energy fits perfectly into this strategy because it provides reliable, locally sourced energy with minimal environmental impact.


A Model for Future Military Energy Projects

The success of the Fort Polk geothermal conversion could serve as a blueprint for similar projects across the United States.

The U.S. military operates hundreds of installations with large residential housing portfolios.

If even a fraction of these communities adopted geothermal heating and cooling systems, the potential impact would be enormous.

Possible benefits include:

  • Massive reductions in energy consumption
  • Billions of dollars in long-term savings
  • Significant reductions in greenhouse gas emissions
  • Improved infrastructure resilience

As governments worldwide seek to modernize energy infrastructure, projects like Fort Polk highlight the practical advantages of geothermal energy.


Geothermal Energy’s Growing Role in the Energy Transition

While solar and wind energy often dominate headlines, geothermal technology continues to expand quietly but steadily.

Ground-source heat pumps, in particular, are becoming one of the fastest-growing renewable energy solutions for buildings.

Unlike solar or wind power, geothermal energy operates 24 hours a day, independent of weather conditions.

This reliability makes geothermal systems particularly attractive for:

  • Residential communities
  • Military bases
  • Hospitals
  • Data centers
  • Educational campuses

As energy systems evolve toward greater sustainability, geothermal infrastructure is likely to play an increasingly important role in building efficiency and decarbonization.


The Future Beneath Our Feet

The completion of the $30 million geothermal energy project at Fort Polk represents more than just a successful infrastructure upgrade.

It demonstrates the immense potential of geothermal technology to transform energy systems in ways that are efficient, resilient, and economically viable.

By converting thousands of homes to geothermal heating and cooling, Ameresco and Velarium Energy have shown that large-scale geothermal adoption is not only possible—it is practical and beneficial.

For the military families living at Fort Polk, the benefits will be felt every day through improved comfort, lower energy costs, and reliable energy systems.

For the broader energy industry, the project serves as a powerful reminder that some of the most transformative energy solutions may already lie just beneath our feet.

See also: Germany Advances Geothermal Heating With Zukunftswärme M West Exploration License

And as governments, industries, and communities around the world seek sustainable energy pathways, the Fort Polk geothermal project stands as a compelling example of how innovation, collaboration, and forward-thinking investment can redefine the future of energy infrastructure.



Connect with us: LinkedIn, X

Comments

Hot Topics 🔥

Eavor steps back from operator role in the Geretsried geothermal project

Eavor at the Crossroads: What Geretsried Really Tells Us About the Future of Closed-Loop Geothermal By Alphaxioms Geothermal Insights | May 13, 2026 For years, Eavor Technologies was the geothermal sector's most talked-about enigma. The company raised hundreds of millions of dollars, attracted backing from heavyweights including BP , Chevron , Helmerich & Payne , and Temasek , and made bold promises about a proprietary closed-loop technology that would quietly revolutionise how humanity extracts heat from the earth. But it rarely said much in public. The secrecy was, to many observers in the geothermal community, a feature rather than a bug — protecting intellectual property, managing competitive intelligence, buying time. Now, Eavor is talking. And what it is saying is worth listening to very carefully. In an exclusive interview published on May 13, 2026, by GeoExpro editor Henk Kombrink, Eavor's new president and CEO Mark Fitzgerald — who took the role in October 2025 ...

LCOE Benchmarking: Eavor Technologies vs. Fervo Energy

LCOE Compared: Eavor Technologies vs.  Fervo Energy   Two Bets on Next-Generation Geothermal An Alphaxioms Geothermal Insights Analysis | May 2026 Image:  Eavor and Fervo Drilling Rigs well poised in their respective well pads , drill baby , baby what a time to be a live Introduction: Why the Cost Question Matters Now The global geothermal sector is in the middle of a pivotal moment. After decades of stagnation largely confined to volcanic hotspots, two fundamentally different technological approaches are racing to prove that geothermal energy can be deployed broadly, cheaply, and at scale. Eavor Technologies , the Calgary-based advanced geothermal systems (AGS) company, and Fervo Energy , the Houston-based enhanced geothermal systems (EGS) pioneer, represent the sharpest divergence in next-generation geothermal strategy today. Each company is backed by hundreds of millions of dollars in private capital, each has reached key commercial milestones, and each is advancing ...

The XGS Energy Heat Sponge Solves Geothermal's Biggest Problem

The XGS Energy Heat Sponge Solves Geothermal's Biggest Problem I mage: A californian XGS well pad Imagine drilling a hole into the Earth’s hot crust  but instead of simply dropping in a pipe and hoping for the best, you paint the inside of that hole with a magic material that soaks up heat like a sponge soaks up water. Then you seal it, circulate a fluid, and generate clean, firm electricity  24/7, no fracking, no water consumption, no earthquakes. That’s not science fiction. That’s XGS Energy . While most of the geothermal world has been chasing fracked reservoirs or massive drilling rigs, XGS quietly built a prototype, ran it for over 3,000 hours in one of the harshest geothermal environments on Earth, and landed a 150 MW deal with Meta – enough to power tens of thousands of homes or a massive data center campus. This is the story of a technology that might be the most elegant, low-risk, and capital-efficient path to scalable geothermal power. Let’s dig in. Part 1: The Pro...

Iceland Drilling Company Reveals Future of Deep Geothermal Innovation

Exclusive Expert Insights on Superhot Resources, Cost Barriers, Africa’s Growth, and the Next Era of Geothermal Energy By : Robert Buluma   Image:Bruce Gatherer, Geothermal Drilling Business Development & Operations Advisor at Iceland Drilling Company, and Sveinn Hannesson, CEO, who provided the expert insights behind this exclusive interview. Geothermal energy is entering a new and far more extreme frontier. As the global energy transition accelerates, attention is shifting from conventional hydrothermal systems to superhot, ultra-deep, and engineered geothermal systems that promise dramatically higher energy yields and broader geographic applicability. In this exclusive expert exchange,  Iceland Drilling Company  shares detailed insights on the future of geothermal drilling,covering technical frontiers, cost structures, workforce challenges, Africa’s geothermal opportunity, oil and gas crossover, digitalization, partnerships, and what the next 10–15 years may hold f...

Pennsylvania Geothermal Pilot Sparks Revolutionary Enhanced Energy Systems Expansion

Pennsylvania’s $14 Million Geothermal Pilot Ignites Energy Revolution By:  Robert Buluma The United States geothermal industry is entering a transformative era, and Pennsylvania has suddenly emerged at the center of that revolution. Long known for its oil, gas, and coal legacy, the Commonwealth is now positioning itself as a future powerhouse for next-generation geothermal energy through an ambitious Enhanced Geothermal Systems (EGS) demonstration project backed by a $14 million grant from the U.S. Department of Energy . The announcement by the Pennsylvania Department of Environmental Protection (DEP) is far more than another clean energy story. It represents a bold reimagining of America’s energy infrastructure, one where abandoned and active oil and gas wells may soon become gateways to a new geothermal economy. At the heart of this initiative lies a groundbreaking concept: extracting the immense heat stored beneath Pennsylvania’s surface and transforming it into reliable ele...

Mazama vs Quaise: Superhot Geothermal Technology Comparison Guide

The Race to the Earth’s Core: A Superhot Geothermal Showdown By: Robert Buluma After half a century of being confined to geologically unique hotspots, geothermal energy is finally going global. At the heart of this revolution are two very different companies. Mazama Energy and Quaise Energy are both racing to do something that has never been done before: create a commercially viable, superhot rock (SHR) geothermal power plant. But while their destination is the same, their maps for getting there could not be more different. Mazama is taking the most advanced version of the oil and gas industry’s playbook and running it at record temperatures. Quaise is throwing that playbook away entirely and betting on a new kind of drill powered by fusion-grade technology. This is a head-to-head comparison of their technologies, their timelines, and their ultimate potential to reshape our energy landscape. Part 1: Mazama Energy – The Record‑Breaking Reservoir Creator Mazama is not a newcomer to t...

Amazon NV Energy Geothermal Deal Powers AI Data Centers

Amazon’s First Geothermal Deal Signals a New Era for AI Data Centers in Nevada By:  Robert Buluma Amazon’s entry into geothermal energy through a landmark partnership with Nevada utility NV Energy marks a major turning point in how hyperscale data centers are powered in the United States. The agreement, centered in the Reno region, is more than a corporate clean-energy procurement—it represents a structural shift toward 24/7 carbon-free electricity for AI-driven infrastructure. At its core, the deal combines geothermal baseload energy, large-scale solar generation, and battery energy storage into a unified system designed to power one of the fastest-growing data center hubs in North America: the Tahoe-Reno Industrial Center. This is Amazon’s first formal entry into geothermal energy, placing it alongside other major technology companies that are increasingly investing in firm renewable energy sources to support artificial intelligence workloads. The Core Agreement: 700MW ...

Mercury Expands New Zealand Geothermal Platform With Billion Dollar Investment

Mercury’s $1 Billion Geothermal Expansion Signals a New Era for New Zealand’s Renewable Energy Future By: Robert Buluma   Mercury Doubles Down on Geothermal Power New Zealand’s renewable energy transition has entered a bold new chapter after Mercury announced plans to significantly scale its geothermal platform with a potential investment of up to $1 billion. The announcement marks one of the country’s most ambitious geothermal expansion strategies in recent years and reinforces geothermal energy’s growing role as a reliable, baseload renewable power source capable of supporting future electricity demand. Mercury revealed that it will immediately commit NZ$75 million toward geothermal appraisal drilling at two major projects located near Taupō — Ngā Tamariki and Rotokawa. These developments could collectively generate an additional 1 terawatt-hour (TWh) of electricity annually, enough to power approximately 125,000 more homes across New Zealand. The projects are expected to t...

DOE Launches $69 Million Geothermal Lithium Extraction Funding Initiative

DOE Launches $69 Million Geothermal Lithium Extraction Funding Initiative The race for critical minerals has entered a new era, and the United States Department of Energy is placing geothermal energy directly at the center of that transformation. In a major announcement that could reshape the future of clean energy supply chains, the U.S. Department of Energy (DOE) has launched a massive $69 million funding opportunity focused on advancing critical minerals and materials technologies, including lithium extraction from geothermal brines. This latest initiative is more than just another government funding round. It represents a strategic push to strengthen domestic lithium production, reduce dependence on foreign mineral supply chains, accelerate geothermal innovation, and unlock a new generation of energy technologies capable of supporting the exploding global demand for electric vehicles, battery storage, artificial intelligence infrastructure, and renewable energy systems. At the he...

Grenada Advances Mount St. Catherine Geothermal Drilling Energy Expansion

Grenada’s Geothermal Gamble Enters Defining Phase at Mount St. Catherine By: Robert Buluma The Caribbean’s race toward clean, independent, and resilient energy has entered a defining chapter as Grenada pushes its geothermal ambitions into the most critical stage yet. Backed by international financing, advanced drilling technologies, and a growing regional determination to break free from imported fossil fuels, the island nation is now standing at the edge of a potentially transformative energy revolution. In a major announcement released by the Caribbean Development Bank, Grenada’s geothermal programme has officially advanced into an expanded exploratory drilling campaign at Mount St. Catherine — a move that could determine whether the country possesses commercially viable geothermal resources capable of powering its future. For Grenada, this is far more than an energy project. It is a national strategic mission tied directly to energy security, electricity affordability, economic r...