ALPHAXIOMS Geothermal News & Energy Research

JKP Beogradske elektrane , has launched a new tender for the third phase of scientific studies into the geothermal potential of underground water resources at sites within its heating-plant and boiler-house network.  The procurement is for services, uses an open procedure, and carries reference number 160 ОУ/26. The submission deadline is 19 October 2026 at 10:30, and the tender status is listed as published.  This procurement is significant because it shows that the city’s geothermal program is moving beyond preliminary exploration and into a more detailed assessment phase. The tender documentation indicates that the work is intended to support the evaluation of geothermal resources for district heating use, which aligns with broader efforts to reduce reliance on fossil fuels in urban heating systems.  What the Tender Covers The procurement title is “Phase 3 scientific study of the geothermal potential of underground water resources in the territory of heating plants and...

By Alphaxioms WASHINGTON , On September 21, 2026, the U.S. Department of Energy announced a targeted investment of more than $99 million to accelerate geothermal deployment across the United States. The funding , awarded to 21 projects , aims to bridge the gap between laboratory promise and field-proven performance by supporting two critical tracks: field-scale enhanced geothermal systems (EGS) tests and exploration drilling for next-generation geothermal resources. At a moment when policymakers and markets seek reliable, on‑demand clean power, the DOE’s package represents both a significant bet on American geothermal innovation and a practical push to lower technical and development risk for future commercial projects. Why this matters now Geothermal energy sits at a strategic intersection of reliability, decarbonization, and grid resilience. Unlike wind and solar, geothermal provides baseload, around-the-clock power , a quality increasingly prized as variable renewables expand. Yet...

Sage Geosystems Selects Ormat’s Blue Mountain Plant for Project Vector: a Major Step Toward Commercial EGS Sage Geosystems will deploy its proprietary EGS technology at Ormat’s Blue Mountain power plant in Nevada for Project Vector, targeting first electricity in 2027 and full-scale production in 2028. The two-well project aims to deliver firm, 24/7 geothermal power with lower water losses and higher net output,advancing commercial EGS, validating GeoTwin predictive modeling, and strengthening strategic ties with Ormat amid growing corporate demand for reliable baseload clean energy. Why this matters Sage Geosystems’ selection of Ormat Technologies’ Blue Mountain geothermal plant for Project Vector represents a pivotal demonstration of commercial-scale enhanced geothermal systems (EGS) integrated into existing power infrastructure. The decision leverages an established plant to reduce non-core capital, accelerate timeline risk reduction, and prioritize validation of subsurface engineer...

TEVERRA Joins $5 Million DOE Geothermal Initiative in Alaska Alaska is entering an important new phase in its geothermal energy development, with TEVERRA joining a $5 million U.S. Department of Energy-supported initiative focused on accelerating geothermal development across the state. The project brings together researchers, government geoscientists and private-sector subsurface specialists from the  University of Alaska Fairbanks (UAF), University of Alaska Anchorage (UAA), Alaska Division of Geological & Geophysical Surveys (DGGS), TEVERRA and Logic Geophysics. At the center of the initiative is a challenge that has constrained geothermal development in many parts of the world: the subsurface is difficult to understand before expensive drilling begins. For Alaska, where geothermal resources are distributed across a vast and geologically complex landscape, improving the quality of geological, geophysical and geomechanical information could become an important step toward...

Mazama Energy Raises $135M to Drill Superhot Geothermal Wells for AI Power Mazama Energy’s new $135 million Series B is a major signal that superhot geothermal is moving from frontier science toward real commercial deployment. The company says the capital will help it drill deeper, develop horizontal wells in superhot rock, and move closer to generating electricity next year from its Oregon project.   Mazama Energy’s $135 Million Funding Round Mazama Energy announced an oversubscribed Series B totaling $135 million, with backing from major climate and energy investors. The round was led by Centaurus Capital and Doerr Capital, and it also drew participation from ConocoPhillips, Shell Ventures, Khosla Ventures, Gates Frontier, SiteGround Capital, H. Barton Asset Management, and the Jeffrey and Marieke Rothschild Foundation.   That investor mix matters because it shows geothermal is attracting both traditional energy capital and venture investors. The company was incuba...

Quaise Energy Wins DOE Support for Project Obsidian as Superhot Geothermal Moves Toward Commercial Scale Quaise Energy’s selection for up to $25 million in U.S. Department of Energy support is a meaningful milestone for superhot geothermal power, especially because it is tied to Project Obsidian, the company’s flagship commercial-scale Enhanced Geothermal System in Central Oregon. The award strengthens the case that superhot geothermal is shifting from laboratory promise toward field-tested infrastructure, with the first well triplet designed to validate a path to more than 25 megawatts of gross electric power and future expansion potential much larger than that.  DOE backs superhot geothermal The U.S. Department of Energy selected Quaise under its Next-Generation Geothermal Field Tests and Geothermal Resource Characterization and Confirmation funding opportunity, part of a broader $99 million geothermal push announced this week .According to DOE, the selected projects are mean...