Eavor Demobilizes Rigs from Geretsried: What It Really Means for Closed-Loop Geothermal For three years, two drilling rigs on a farm estate near Geretsried, a Bavarian town about 40 km south of Munich, stood as the symbol of the world's most ambitious closed-loop geothermal experiment. Now in October 2026, Eavor Technologies, the Calgary-based developer of the Eavor-Loop, has told the town and its heating utility that both rigs would leave the site . The company said keeping idle rigs and specialist services on site was costly, and that releasing them would help put the project in the strongest position to continue with Loop 2 once its commercial structure is reworked . On the surface, this is a logistics decision. Underneath, it is one of the clearest signals yet about where first-of-a-kind geothermal technology stands, and how hard it is to turn a technical proof into a bankable business. This article explains exactly what happened, what the move means and what it does not mean...
Taiwan's Geothermal Breakthrough: Jingneng and Ormat Partner for AI-Powered Baseload Energy By: Robert Buluma Taiwan stands on the edge of an energy transformation, driven by surging demand from artificial intelligence, high-performance computing, and data centers. In February 2026, Jingneng Energy Services (éČèœæ, stock code 6692) announced a major collaboration with global geothermal leader Ormat Technologies (NYSE: ORA) . This partnership focuses on developing Taiwan's first large-scale geothermal power plant in Jinshan District, New Taipei City. The 12.5MW facility aims to deliver reliable, 24/7 clean energy starting in December 2027, with annual output reaching 100 million kWh—enough to power about 30,000 households. This project addresses critical gaps in Taiwan's renewable mix. While solar and wind have grown rapidly, they remain intermittent. Geothermal offers true baseload power, unaffected by weather or time of day, making it ideal for energy-intensive industries....