Alphaxioms Geothermal News and Related Research Globally

Vienna's Leap Into Carbon-Neutral Energy: Inside the City's First Deep Geothermal Plant   By:  Robert Buluma Image of the city of Aspen in a blink mid_winter Vienna, a city famed for its historical landmarks and cultural elegance, is making headlines for something entirely different — the groundbreaking development of its first deep geothermal energy plant. Nestled in Aspern, within the city’s 22nd district, this ambitious project by OMV AG and Wien Energie GmbH is set to revolutionize how Vienna powers its homes, all while paving the way to a sustainable, carbon-neutral future.    The Heart of the Project: Drilling Deep for a Better Tomorrow   This isn’t just another energy project; it’s a bold leap into the future. Drilling into the depths of the Aderklaaer Konglomerat, a natural hot water reservoir sitting 3,000 meters below Vienna’s surface, this initiative taps into geothermal energy — an inexhaustible, renewable source of heat. By 2028, this...

White Bark 's Ambitious Geothermal Vision: Pioneering Australia's Future in Clean Energy By:  Robert Buluma In the vast and resource-rich lands of Queensland's Cooper Basin ,  White Bark Energy is spearheading a transformation that could redefine Australia’s energy landscape. With its recent acquisition of an additional 1,250 sub-blocks for geothermal exploration, the company is not just expanding its footprint but solidifying its role as a leader in the nation's clean energy future. White Bark Energy  latest exploration permit, a sprawling 3,873 square kilometers of geothermal potential, represents more than just new territory. It’s a strategic move in a well-calculated plan to harness the untapped geothermal power beneath Queensland's surface. This new permit complements  White Bark's two existing licenses, creating a robust geothermal network that aligns with the Australian Government’s aggressive push towards renewable energy. The government’s $11.2 billio...

Powering the Future: Star Energy Group Bold Move Towards Geothermal Energy By: Robert Buluma In a groundbreaking move towards sustainable energy, Star Energy Group (AIM: STAR) has just announced the closing of a new €25 million secured facility with Kommunalkredit Austria AG (Kommunalkredit). This financial boost marks a significant step in Star Energy's transition strategy, particularly focusing on geothermal energy while maintaining investments in conventional oil and gas businesses. Chris Hopkinson, the CEO of Star Energy expressed his excitement, stating, "Securing this facility is an important milestone for Star Energy. It allows us to use cashflows from our existing oil and gas business to optimize near-term conventional production and deliver our transition strategy; namely developing and monetizing our geothermal business in both the UK and Croatia." Evidently,Oil and gas companies have been going Geothermal and Today we've found a new neighbor What makes th...

In the heart of Australia's vast landscapes lies a promising partnership that could reshape the country's energy landscape.  By: Robert Buluma Earths Energy, a pioneering geothermal exploration company, has teamed up with Baker Hughes, a global leader in energy technologies, to unlock the potential of Australia's geothermal resources. At the forefront of this collaboration is the exploration of Advanced Geothermal   technology, a cutting-edge approach that holds the key to tapping into Australia's abundant geothermal energy. Through a  Memorandum of Understanding  both companies are embarking on a journey to evaluate the application of closed loop technology across Earths Energy's geothermal exploration portfolio. What sets this partnership apart is the pivotal role played by GreenFire Energy, a company leading the charge in closed-loop geothermal technologies. Baker Hughes' investment in GreenFire Energy brings to the table not just expertise, but a proven trac...

Unveiling the Future of Renewable Energy: Whitebark Energy and CeraPhi Energy Join Forces By: Robert Buluma A Ceraphi drilling rig , image source Ceraphi  In a groundbreaking move towards sustainable energy solutions, Whitebark Energy Limited has forged a strategic partnership with international Geothermal Developer CeraPhi Energy. This collaboration signals a significant step forward in Australia's energy transition, particularly in the realm of geothermal power. Whitebark's recent acquisition of an exploration license application for Geothermal Energy (EPG) in the Greater Brisbane and Gold Coast Region sets the stage for a pioneering endeavor. Covering approximately 589 square kilometers, this tenement holds immense potential for the generation and sale of geothermal power, positioning Whitebark as a key player in the region's renewable energy landscape. Central to this partnership is CeraPhi Energy's cutting-edge technology, the CeraPhiWell™. This revolutionary close...

Exploring Geothermal Energy Potential: Whitebark Energy's New Venture in Queensland By : In a significant move towards sustainable energy solutions, Whitebark Energy has recently been granted a geothermal exploration permit in Queensland, Australia. This development marks a pivotal step in harnessing the region's geothermal potential to contribute to the renewable energy landscape. The exploration permit, covering an area in the Greater Brisbane and Gold Coast region, opens doors for Whitebark Energy to delve into the possibilities of geothermal power generation. With an expansive permit area spanning approximately 589 square kilometers and consisting of 190 sub-blocks, the company is poised to explore geological conditions conducive to geothermal energy extraction. Geothermal energy, derived from the Earth's heat, offers a promising avenue for clean and sustainable power generation. Unlike fossil fuels, geothermal energy is renewable and emits minimal greenhouse gases, mak...

From Barrels To Steam, How Oil and Gas ⛽ Companies are Craving for More Steam In a bold move towards sustainability and diversification, several major oil and gas companies are shifting their focus towards geothermal energy. This strategic shift signifies not only a response to the growing demand for clean energy but also a recognition of the potential of geothermal resources as a reliable and renewable energy source. Let's delve into the recent developments and initiatives taken by key players in the oil and gas industry towards embracing geothermal energy: ExxonMobil's Exploration into Enhanced Geothermal Systems (EGS) ExxonMobil's Chairman and CEO, Darrel Woods, recently hinted at the company's interest in Enhanced Geothermal Systems (EGS). This technology involves drilling deep into the earth's crust to access heat reservoirs and utilizing hydraulic fracturing techniques to enhance heat extraction. By leveraging their expertise in drilling and reservoir engineer...

  Earths Energy Makes Strides in Geothermal Innovation, Enters Australian Securities Exchange In a significant stride towards sustainable energy solutions, Earths Energy is set to debut on the Australian Securities Exchange (ASX) following a su.ccessful capital raise of $6 million. The company's focus on advancing geothermal energy in South Australia and Queensland positions it as a frontrunner in Australia's renewable energy landscape. With a commitment to harnessing the Earth's natural heat reservoirs, Earths Energy has garnered attention for its innovative approach to geothermal energy extraction. Geothermal energy holds immense potential as a clean and renewable energy source, offering a reliable alternative to traditional fossil fuels. The recent capital infusion will enable Earths Energy to accelerate its efforts in developing geothermal projects, particularly in regions rich in geothermal resources such as South Australia and Queensland. By leveraging cutting-edge te...