ALPHAXIOMS Geothermal News & Energy Research

Beyond Steam: Why Kaishan Group’s EGS Bet in Nevada Could Redefine Geothermal Energy By Robert Buluma   For decades, geothermal energy has occupied a frustrating niche in the renewable energy hierarchy. It is celebrated for its superpower—a capacity factor that rivals nuclear power, producing electricity 24/7 regardless of weather. Yet, it has remained geographically tethered to rare, naturally occurring pockets of underground water, steam, and permeable rock. Only places like Iceland, parts of California, and New Zealand have been able to tap it at scale. That limitation may be about to shrink dramatically. This morning, Kaishan Group (300257.SZ), a Chinese manufacturer-turned-geothermal-operator, announced that its U.S. subsidiary, Open Mountain Energy, LLC (OME), has signed a development agreement with Power Planet, Inc. to validate and commercialize Enhanced Geothermal Systems (EGS) technology at its existing Star Peak geothermal project in Pershing County, Nevada. The announce...

Seeing Through Stone: How the Géoscan Project Is Opening a New Frontier for Geothermal in Greater Paris By Robert Buluma   The Île-de-France region, home to the sprawling metropolis of Paris and its surrounding suburbs, is already the undisputed champion of deep geothermal energy in Europe. With 54 active installations as of 2025, no other region on the continent comes close. The eastern and northern parts of the region have been tapping the hot waters of the Dogger limestone aquifer for decades, heating tens of thousands of homes with clean, renewable energy. But what about the west? What about the south? For years, those areas remained a geothermal blind spot. The subsurface was less understood. The geology was more complex. Project developers hesitated to invest because the risk of drilling a dry well was simply too high to justify. The result was a lopsided geothermal landscape: thriving activity in the east and north, cautious silence in the west and south. On May 19, 2026, th...

Stalled by Streams: The Güzelyurt Geothermal Project and Turkey’s Environmental Balancing Act By Robert Buluma   Date: June 8, 2026 Introduction: A Promising Project Hits a Geological Snag In a development that underscores the growing complexity of renewable energy infrastructure in Turkey, the proposed Güzelyurt Jeotermal Enerji Santrali (JES) in Aksaray province has been halted—not by market forces or technical failure, but by the very landscape it sought to inhabit. The 20 MW geothermal power plant, a flagship investment by GMK Enerji subsidiary Güzelyurt Jeotermal Enerji A.Ş., has been forced into a major revision after environmental and hydrological assessments revealed that the original site was dangerously crisscrossed by numerous dry stream beds. What initially appeared as a routine environmental review has now evolved into a significant case study for the Turkish energy sector. It highlights a critical tension: while Turkey pushes aggressively for domestic, baseload renewa...

Geothermal Greenlight: How PGEO Just Unlocked $477 Million and a 40% Profit Surge By: Robert Buluma   If you follow clean energy in Southeast Asia, you already know the name: PT Pertamina Geothermal Energy Tbk (PGEO). But unless you've been staring at their Q1 earnings and the Indonesian government's newly released Green Book 2026, you might have missed just how massive this moment really is. In the span of one week, PGEO did two things that most renewable energy companies only dream of: 1. Secured $477.87 million in low-cost, sovereign-backed international funding. 2. Reported a 40% year-on-year net profit surge — to $43.90 million — on record electricity generation. That is not a coincidence. That is a flywheel. In this deep-dive blog post, we're going to unpack exactly what happened, why it matters for Indonesia's net-zero future, and how PGEO is quietly becoming one of the most compelling geothermal stories on the planet. Let's get into it. The Headline That Des...