Serbia Advances Geothermal Drilling for the Mišeluk District Heating Plant in Novi Sad Serbia is moving forward with plans to develop a geothermal district heating system in Mišeluk, a rapidly urbanizing area of Novi Sad. The project is intended to place geothermal energy at the centre of a new low-carbon heating network, supported by solar power and natural gas backup. Exploratory drilling and construction of the heat distribution network are being carried out by JKP Novosadska toplana, Novi Sad’s public district heating utility. The initiative is supported through the United Nations Development Programme’s “Geothermal Energy in Serbia” programme, with financial backing from Slovakia. The Mišeluk project is important not only because it could provide a new renewable heat source for Novi Sad, but also because it demonstrates how geothermal energy can be integrated into urban development from the earliest planning stages. Rather than retrofitting a geothermal system into an establi...
Idemitsu Invests in Quaise Energy: How Millimeter-Wave Drilling Could Unlock the World’s Deepest, Cleanest Power
Idemitsu Invests in Quaise Energy : Unlocking Superhot Geothermal Power with Revolutionary Millimeter-Wave Drilling By: Robert Buluma In a significant move for the future of clean energy, Japanese energy giant Idemitsu Kosan Co., Ltd. has announced a strategic investment in Quaise Energy , a U.S.-based company pioneering next-generation geothermal technology. The investment, made through Idemitsu’s wholly owned subsidiary Idemitsu Americas Holdings Corporation (IAH) on June 25, 2026, involves the issuance of convertible preferred shares. This partnership aims to accelerate the development of ultra-deep, superhot geothermal systems capable of delivering stable, high-output renewable power—a crucial step as the world accelerates its transition away from fossil fuels. Why Geothermal Matters More Than Ever Geothermal energy stands apart from other renewables because it provides baseload power—consistent, reliable electricity generation unaffected by weather conditions, unli...