Alphaxioms Geothermal News and Related Research Globally

Gold Meets Steam: A Game-Changing Geothermal Venture in North Sulawesi By: Robert Buluma : steam gushes orit of a geothermal well,wells of power In the heart of North Sulawesi's Bitung area, a groundbreaking partnership has emerged, one that promises to reshape both the energy and mining landscapes. The collaboration between Ormat, a global leader in geothermal technology, and Archi, a prominent gold mining company, is not just another business venture—it’s a bold statement of innovation and ambition. Established in early 2021, this joint venture is an intriguing fusion of resources and expertise. Archi, well-known for its operations in the gold-rich Toka Tindung area, is now diving into uncharted territory with geothermal energy. Ormat, on the other hand, has taken on the monumental task of managing the A-to-Z operations of this geothermal project. In return, Ormat will command a three-quarters share of the venture’s stakes, leaving Archi with a quarter—a reflection of the immense...