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Showing posts from March 15, 2026

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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...
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“Why Are Cities Still Expensive When Boise Found This?”

  Boise’s $1 Million Geothermal Breakthrough: A Bold Step Toward Affordable Clean Heating By:  Robert Buluma A City Turning Underground Heat Into Housing Solutions In the global race to build cleaner, more affordable cities, innovation often emerges from unexpected places. One such place is Boise, Idaho, a community already known for its pioneering use of geothermal heating. In early 2026, Boise captured international attention after winning a $1 million grant through the Bloomberg Philanthropies Mayors Challenge, a global competition that rewards cities developing groundbreaking solutions to pressing urban problems. The recognition was not simply about technological innovation. Boise’s winning proposal demonstrated how geothermal energy can be used to reduce the cost of living , specifically by lowering utility bills for residents in affordable housing developments. With the award, Boise now plans to build a new apartment complex powered by geothermal heating—potentially ...
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Mercury Opens Fifth Unit at Ngā Tamariki Geothermal Station

Mercury New Zealand' s recent milestone at the Ngā Tamariki Geothermal Station marks a significant advancement in the country's push toward a sustainable, renewable energy future.  By :  Robert Buluma On March 17, 2026, Mercury officially opened the fifth generation unit at the station near Taupō, following the project's announcement in 2023, groundbreaking in 2024, and remarkably swift completion in under two years. This $220 million expansion enhances New Zealand's renewable energy capacity at a time when electricity demand is rising due to electrification trends, population growth, and economic needs. Background on Ngā Tamariki Geothermal Station Located about 17 km northeast of Taupō in the central North Island, Ngā Tamariki has been operational since 2013. The station harnesses the region's abundant geothermal resources from the Taupō Volcanic Zone, one of the world's most active geothermal areas. Prior to the expansion, it featured four generation units w...
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New Zealand's Geothermal Strategy: Doubling Energy Use by 2040

The Government of New Zealand has taken a significant step forward in its renewable energy journey with the release of the national geothermal strategy titled From the Ground Up By: Robert Buluma    A strategy to unlock New Zealand’s geothermal potential on March 17, 2026. This comprehensive plan, developed by the Ministry of Business, Innovation and Employment (MBIE), aims to dramatically expand the role of geothermal energy in the country's energy mix, regional development, and industrial sectors. At its core is an ambitious target: to double geothermal energy use by 2040. New Zealand is already a global leader in geothermal utilization. Geothermal resources currently supply around one-fifth of the nation's electricity, with installed capacity approaching or exceeding 1.3 GW in recent years. In 2024-2025 data, geothermal generation contributed roughly 8,741 GWh annually, representing about 18-20% of total electricity production. This makes it the second-largest renewable sou...
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Vulcan Energy Secures Landmark Lithium Production Permit for Lionheart

Vulcan Energy's Lionheart Project: A Groundbreaking Milestone in Sustainable Lithium Production for Europe By: Robert Buluma In a major development for Europe's push toward energy independence and green technology, Vulcan Energy Resources has secured its first lithium production permit for the flagship Lionheart Project. Announced recently, this license represents the first of its kind in Germany's Upper Rhine Valley Brine Field and specifically in the state of Rhineland-Palatinate. The permit paves the way for commercial lithium extraction integrated with renewable geothermal energy, marking a pivotal step in building a domestic, low-carbon supply chain for critical raw materials. This achievement comes as the Lionheart Project is already fully funded and under active construction, following a substantial financing package and multiple prior regulatory approvals. With commercial production targeted for 2028, Vulcan Energy is positioning itself as a leader in sustainab...
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Bipartisan STEAM Act Set to Unlock America’s Geothermal Potential

  Unleashing Geothermal Power: How the STEAM Act Could Transform U.S. Energy By: Robert Buluma The United States stands at a critical juncture in its energy history. While solar and wind power have seen remarkable growth over the past two decades, geothermal energy—an often-overlooked, 24/7 source of clean and reliable power—has yet to reach its full potential. That may soon change with the introduction of the Streamlining Thermal Energy through Advanced Mechanisms (STEAM) Act , a bipartisan bill introduced by Congresswomen Susie Lee (NV-03) and Celeste Maloy (UT-02) in the House of Representatives, with companion legislation in the Senate sponsored by Senators Catherine Cortez Masto (D-NV) and Lisa Murkowski (R-AK). This legislation aims to level the playing field for geothermal energy by cutting through bureaucratic red tape and giving geothermal developers similar rights and flexibility that the oil and gas industry has enjoyed for nearly two decades. For advocates of clean ener...
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Germany Advances Geothermal Heating With Zukunftswärme M West Exploration License

  Zukunftswärme M West Secures Exploration License for Geothermal Energy By: Robert Buluma A New Chapter in Europe’s Geothermal Future Across the world, nations are racing to transition away from fossil fuels and toward cleaner, more reliable sources of energy. Among the most promising solutions is geothermal energy — the heat stored beneath the Earth’s crust. In Europe, where the push for energy independence has intensified following global energy crises, deep geothermal energy is emerging as a strategic pillar of sustainable heating systems. A significant milestone in this journey has recently been achieved in Germany. The project “Zukunftswärme M West” has officially received an exploration license (Aufsuchungserlaubnis) for geothermal energy development. This authorization marks a crucial step toward unlocking deep geothermal resources that could provide clean, climate-neutral heating for communities in the Munich metropolitan region. The announcement represents more than...
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