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Showing posts from January 4, 2026

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Plum IV and CTR’s Geothermal Critical Minerals Deal Takes Shape

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...

Germany set to fund North Rhine-Westphalia Geothermals quest

The Hidden Treasure Beneath Our Feet: How Geothermal Energy is Powering Tomorrow's Heat Supply in North Rhine-Westphalia By:  Robert Buluma Imagine standing in the heart of an industrial city like Duisburg, where once coal-fired power plants dominated the skyline, and now a quiet revolution is brewing deep underground. On January 8, 2026, North Rhine-Westphalia's Minister for Economic Affairs, Industry, Climate Protection and Energy, Mona Neubaur,handed over a funding notice worth approximately 7.5 million euros to the Stadtwerke Duisburg. This isn't just paperwork ,it's the key to unlocking a sustainable future for heat supply in one of Germany's most populous regions. This milestone marks a bold step in NRW's ambitious push toward a climate-neutral heat supply by 2045. At the center of this transformation stands geothermal energy,the reliable, weather-independent heat stored beneath our feet. Duisburg's exploration drilling project exemplifies how the stat...

GEOLOG Acquires Quad Ltd and QO Inc. to Revamp Wellsite Geology and Pore Pressure Outreach

Revolutionizing the Depths: How GEOLOG's Strategic Acquisition is Supercharging Geothermal Energy's Future By: Robert Buluma Imagine plunging miles beneath the Earth's surface, tapping into an ancient furnace of heat that never sleeps, never falters, and never runs out. This is geothermal energy—the planet's own endless battery, capable of powering civilizations with clean, reliable electricity around the clock. While solar panels go dark at night and wind turbines stand idle in calm air, geothermal delivers baseload power with capacity factors often above 90%. In a world racing toward net-zero emissions and facing exploding energy demands from data centers, electric vehicles, and industrial growth, geothermal is emerging as the sleeping giant ready to awaken. Scaling geothermal globally, however, is no simple task. Drilling deep into the crust exposes crews to extreme conditions: temperatures soaring past 300°C, highly corrosive fluids, and rock so hard it can destroy...

FORGE: Engineering the Earth’s Heat and Redefining the Future of Geothermal Energy

FORGE: Engineering the Earth’s Heat and Redefining the Future of Geothermal Energy Deep beneath our feet lies an energy source so vast that it could power civilization for millennia. It does not depend on sunshine, wind patterns, rainfall, or seasons. It operates day and night, immune to geopolitical disruptions and fuel price volatility. This source is geothermal energy — and at the heart of its most ambitious transformation sits a groundbreaking initiative known as the Frontier Observatory for Research in Geothermal Energy (FORGE). FORGE is not a power plant. It is not a commercial geothermal field. It is something far more radical: a living laboratory designed to solve the single greatest challenge holding geothermal energy back from global dominance how to engineer reliable geothermal reservoirs anywhere on Earth. This article provides a comprehensive overview of the FORGE program, exploring its goals and objectives, examining its current status and future direction, and distilling...

Geo Dipa's Game-Changing Leap: Commercial Silica and Lithium Production from Geothermal Brines by 2028

Geo Dipa's Ambitious Leap: Extracting Silica and Lithium from Geothermal Brines by 2028 Introduction In an era where the global energy transition demands sustainable sources of critical minerals, Indonesia's state-owned PT Geo Dipa Energi ( Persero ) is positioning itself at the forefront of innovation. By 2028, Geo Dipa plans to commence commercial production of silica and lithium extracted from geothermal brines, a byproduct of its geothermal power operations. This initiative not only diversifies the company's revenue streams but also aligns with Indonesia's broader goals of enhancing renewable energy capacity and supporting the electric vehicle (EV) battery supply chain.  Geothermal energy, harnessed from the Earth's heat, produces hot brines rich in dissolved minerals like lithium and silica. Traditionally viewed as waste, these brines are now seen as valuable resources. Geo Dipa's strategy builds on years of feasibility studies and international partnershi...

Banda Baru Geothermal Tender Flops: Zero Bidders Step Forward

Banda Baru Geothermal Survey Tender Fails to Attract Bidders By:  Robert Buluma Indonesia's push toward renewable energy suffered a notable setback in late 2025 when the tender for the Preliminary Survey and Exploration Assignment (WPSPE) of the Banda Baru Sepa geothermal block closed without a single bidder. Located on the remote Seram Island in Maluku Province, this 1,989-hectare site was seen as a promising addition to the nation's geothermal portfolio, with estimated potential of around 25-30 MW. The tender, open from October 31 to December 1, 2025, aimed to assign a developer for initial surveys and exploration, but the lack of interest underscores deep-rooted challenges in attracting investment to Indonesia's geothermal sector. Seram Island, a rugged and largely undeveloped landmass north of Ambon, is characterized by dense rainforests, towering mountains, and limited infrastructure. The Banda Baru block's location amplifies logistical difficulties, making it a to...

FINANCING STRATEGIES FOR GEOTHERMAL PROJECTS LEVERAGING TAX CREDIT INCENTIVES

FINANCING STRATEGIES FOR GEOTHERMAL PROJECTS LEVERAGING TAX CREDIT INCENTIVES Aligning Policy, Risk Mitigation, and Investor Capital to Unlock Geothermal Growth Geothermal energy stands at a unique crossroads in the global energy transition. It is one of the few renewable resources capable of delivering continuous, baseload power and heat, independent of weather conditions. Unlike solar and wind, geothermal offers grid stability, industrial heat, and long-term energy security. Yet despite its immense potential, geothermal deployment has historically lagged behind other renewables due to high upfront capital costs, geological uncertainty, and complex financing requirements. In recent years, governments and financial institutions have increasingly turned to **tax credit incentives as a strategic lever to overcome these barriers. By reducing capital expenditure, improving cash flow profiles, and attracting institutional investors, tax credits are reshaping how geothermal projects are fina...

 Breakthrough Commercial-Scale Borehole Thermal Energy Storage

A Breakthrough in UK Geothermal: Pioneering Commercial-Scale Borehole Thermal Energy Storage By:  Robert Buluma In a recent LinkedIn post, Simon Todd, Managing Director of Causeway Energies , shared exciting details about a groundbreaking geothermal project that's set to make history in the UK and Ireland. This initiative isn't just another feasibility study it's poised to deliver the region's first commercial-scale Borehole Thermal Energy Storage (BTES) system, with installation planned for 2026. The Project: Smart Replacement for Aging Infrastructure The story begins with a local authority council building that already had a ground source heat pump providing underfloor heating in winter. Unfortunately, the heat pump was damaged by water, and aging chillers were struggling to meet summer cooling demands. Causeway Energies conducted a Phase 1 feasibility study and proposed a brilliant, efficient solution: replace both the old heat-only pump and the chillers with a singl...

Geothermal Policies Around the World: A Comparative Analysis

Geothermal Policies Around the World: A Comparative Analysis By: Robert Buluma Introduction to Geothermal Energy and Its Global Significance Geothermal energy harnesses the Earth's internal heat to generate electricity, provide heating, and support industrial processes. Unlike solar or wind, it offers a stable, baseload power source unaffected by weather, making it a cornerstone for renewable energy transitions. Globally, geothermal power capacity stands at around 15-16 GW, contributing significantly in regions with volcanic activity or tectonic plates. Countries like Iceland, where geothermal meets 25% of electricity needs, exemplify its potential. The International Energy Agency notes that while over 100 nations have policies for solar and wind, fewer than 30 support geothermal, highlighting a policy gap. This article explores geothermal policies in key countries: the United States, Iceland, New Zealand, Indonesia, the Philippines, Kenya, Italy, Japan, and Turkey. By examining in...

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Dynelectro, Syntholene, and the Geothermal SOEC Breakthrough in Iceland

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 ...

Global Geothermal Insights: An Exclusive Interview with Drilling Engineer Sam Abraham

Global Geothermal Insights: Interview with Sam Abraham the Geothermal Global Technical Advisor at  Halliburton This interview was done by  Robert Buluma on 5th of November 7:30 Am EST At   Alphaxioms , we are committed to uncovering the deeper truths behind geothermal energy , the drilling, the risks, the innovations, and the frontiers. Today we welcome Sam Abraham , a veteran drilling engineer whose global geothermal experience spans more than 25 years. From oil & gas beginnings to geothermal hotspots around the world, Sam shares his journey, insights, and advice for the next generation. Career Journey & Background Sam, could you tell us about your career path and what led you into geothermal drilling? I have a background in oil and gas — seven years since 1991. I served as a base manager in Jakarta for three years, and also worked a little in geothermal alongside oil & gas. In 2005 I moved to New Zealand, given its vast geothermal resources. Fro...

PT Geo Dipa Energi Launches Strategic Minor Overhaul Tender for Dieng Unit 1 to Strengthen Geothermal Reliability

PT Geo Dipa Energi Opens Tender for Minor Overhaul of Dieng Unit 1 in 2026 Image: Indonesian Geothermal power plant PT Geo Dipa Energi (Persero) has opened a tender for the minor overhaul of the Dieng Geothermal Power Plant Unit 1 in 2026, signaling a continued focus on preserving the reliability of one of Indonesia’s most important geothermal assets. The procurement is aimed at selecting a qualified contractor with proven experience in turbine and generator maintenance for thermal power plants, underscoring the technical complexity and operational importance of the work. The tender, identified as RKS-004-PST/GDE/I/2026, uses a post-qualification bidding method and applies strict administrative, technical, and safety requirements. The schedule places document registration and collection between 26 and 28 January 2026, followed by a mandatory RKS explanation session and field visit on 29 January 2026. Procurement Scope and Process The procurement procedure requires prospective bidders...

Philippines Geothermal Drilling: Rufino "Dong" Cotanda Jr. on PGPC, EDC, ThermaPrime, and the Future of Geothermal Energy

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,...

Exclusive Interview: An In-Depth Look at Exergy’s Game-Changing Gemini Turbine

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...

INTERVIEW, Geretsried and Beyond: Eavor’s Blueprint for Reliable, Sustainable Energy

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...

🔥 Krafla Magma Testbed: Drilling Into the Earth’s Fiery Heart

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...

EGS, Superhot Rock & AI: Geothermal Expert Cary Lindsey on the Industry's Next 20 Years

“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...

Driving the UK Toward Net Zero: Chris Sladen on Geothermal’s Untapped Potential

Alphaxioms, we talked to Chris Sladen about his involvement in geothermal both in the UK, and globally By:  Robert Buluma Chris, please begin by explaining a little about yourself, and why you have a passion for geothermal? I have spent over 45 years involved in energy. Following undergraduate studies in geology at Southampton University, and a PhD in sedimentology at Reading University, I joined the energy sector in Aberdeen in 1980. It was a fascinating era when it seemed like at least one giant oil & gas field was discovered offshore every month; the wealth creation for the UK was gigantic. I got to see so much geology and rocks - my true passion. I moved to China in late 1983; not today’s China, this was over 40 years ago, a country closed for decades and embarking on an open-door policy, in part to bring both investment and technology. I became very interested in energy trends, energy politics, and new geography created by changing politics leading to opportunities for ene...

Inside the Geothermal Startup Mind: The Strategy, Funding & Sacrifices Behind Teverra’s Growth

Inside a Geothermal Startup’s Mind: Strategy, Funding, Ethics, and the Brutal Race to Commercialize This interview was done by Robert Buluma on behalf of Alphaxioms  Image:  The Interviewee, Dr.  Hamed Soroush is the Founder and President at Teverra  There’s a certain kind of silence that exists inside fast-growing startups. Not the quiet of peace, but the quiet of pressure . It’s the silence of teams racing to commercialize before competitors arrive. The silence of founders balancing mission and survival. The silence of a clean energy industry that desperately needs success stories… but is still learning how to measure them. In this one-on-one interview, we explore what it really takes to build a geothermal-driven clean energy company in today’s market, from strategic decisions and funding discipline to leadership, ethics, and the painful sacrifices behind growth. 1)  Vision & Strategy: “Speed Is Everything” Q:   Teverra  has grown rapidly, but co...