Alphaxioms Geothermal News and Related Research Globally

A groundbreaking partnership to commercialize Enhanced Geothermal Systems (EGS) and redefine clean energy for the AI era By:  Robert Buluma In a major leap for global clean energy innovation, SLB  (NYSE: SLB) and Ormat  Technologies (NYSE: ORA) have announced a strategic partnership aimed at fast-tracking the development and deployment of integrated geothermal assets , including Enhanced Geothermal Systems (EGS)   the next frontier in geothermal technology. Unveiled on October 27, 2025 , this collaboration brings together SLB’s deep expertise in subsurface engineering and well construction with Ormat’s six-decade legacy in geothermal power plant development and operations . The goal? To unlock the Earth’s untapped heat potential and make geothermal energy accessible far beyond conventional hydrothermal hotspots. 🔥 The Future of Geothermal: Enhanced Geothermal Systems (EGS) Traditional geothermal relies on naturally occurring steam or hot water reservoirs. E...

A New Chapter in Geothermal Diplomacy: Utah & New Zealand Seal Geothermal Pact By:  Robert Buluma In October 2025, a significant milestone was achieved when Spencer Cox, Governor of Utah, and Simon Watts, New Zealand’s Minister for Energy, signed a Letter of Intent in Auckland. The agreement formalises cooperation between Utah and New Zealand, with a special focus on developing geothermal energy as part of their shared goal to expand and diversify clean energy generation. Key Elements of the Agreement The newly signed agreement aims to strengthen collaboration in energy generation, diversification, and innovation — with geothermal energy taking center stage. The partnership also aligns with Utah’s broader mission, Operation Gigawatt , which seeks to create energy abundance through the development of renewable and advanced energy technologies. This signing was part of a wider trade and innovation mission involving cooperation in sectors such as critical minerals, clean energy, ...

Košice Turns Up the Heat: Geothermal Energy to Warm the City After 30 Years in Waiting By: Robert Buluma After three decades of anticipation, the city of Košice, Slovakia, is finally set to tap into one of the Earth’s cleanest and most sustainable energy sources geothermal heat. On Wednesday, drilling begins on the long-awaited project “Utilization of Geothermal Energy in the Košice Basin”, marking a major leap toward energy independence and carbon neutrality for Slovakia’s eastern metropolis. From the site of Svinica–Ďurkov, a new deep geothermal well will be drilled, expected to reach a temperature of 135°C and a flow rate of 55 liters per second. Two reinjection wells each plunging roughly 3,700 meters deep  will accompany the main production well, ensuring a closed-loop system that reuses and reheats the geothermal water beneath the Earth’s surface. The third and final well is expected to be completed by mid-2026. Turning Vision into Reality The geothermal heating project is be...

XGS Energy  Achieves 3,000-Hour Milestone for Water-Independent Geothermal System By : Robert Buluma HOUSTON, Sept 30, 2025 – In a groundbreaking achievement for the geothermal sector, XGS Energy has announced the successful 3,000-hour operation of its water-independent geothermal system at commercial scale. This milestone not only validates the system’s commercial economics but also positions XGS as the first company to demonstrate such technology under real-world, commercial conditions. A New Era in Geothermal Innovation The operations took place at the Coso Geothermal Field in California’s Western Mojave Desert, a site owned by Atlantica Sustainable Infrastructure and operated by Coso Operating Company. XGS Energy  revitalized a well that had been idle for over two decades, installing its proprietary closed-loop geothermal system enhanced by Thermal Reach Enhancement (TRE) technology. Flow testing delivered a record performance, maintaining a sustained temperature differenc...

Cornish Lithium  Secures £35M in Equity Funding  A Milestone for UK Critical Minerals By:  Robert Buluma In a major boost for the UK’s domestic battery supply ambitions,  Cornish Lithium has announced that it has secured £35 million in new equity funding. This capital raise is intended to propel its key projects closer to construction and commercial stages, marking a pivotal moment in the firm’s trajectory. Backing & Investors The funding round is led by existing institutional backers, with up to £31 million coming from the National Wealth Fund (NWF) , and approximately £4 million from TechMet , a long-standing investor in the company. Cornish Lithium’s legal counsel for the deal was Mayer Brown. What the Funds Will Be Used For Cornish Lithium will allocate the capital toward advancing two flagship projects: Trelavour Lithium Project : The funds will support further engineering work, feasibility studies, and help lead the project toward a construction...

Medco Power  Kicks Off Geothermal Drilling in Bonjol, Targeting 60 MW Clean Energy By:  Robert Buluma Pasaman, West Sumatra – Indonesia’s transition to clean energy has reached another milestone as PT Medco Power Indonesia , through its subsidiary PT Medco Geothermal Sumatra,  officially began drilling its first geothermal exploration well in Bonjol, Pasaman Regency. The inaugural well, BNJ-1 , was spudded on 11 September 2025 in a ceremony attended by the Governor of West Sumatra, Mahyeldi Ansharullah ,  Medco Power President Director Eka Satria , local government leaders, traditional community representatives, and local stakeholders. A Step Toward 60 MW of Renewable Power This drilling marks the first of two planned wells, with a total estimated potential of 60 MW of clean electricity. The project, categorized as part of Indonesia’s National Strategic Projects under the Electricity Supply Business Plan (RUPTL 2025–2034), is expected to be completed by the ...

A Global Journey in Geothermal: Insights from an Industry Expert From Iceland’s pioneering geothermal plants to Kenya’s wellhead projects and Indonesia’s remote fields, few By: Robert Buluma Image: Lydur skulason with a geothermal well head  professionals have had as wide-ranging a journey in geothermal as Lydur Skulason With decades of hands-on experience in marine engineering, power plant operations, and international project management, he has combined technical expertise with global collaboration to help shape the sector’s growth. In this conversation, he shares lessons from his career, insights on geothermal innovation, and his vision for the future of clean energy. Career & Experience Can you walk us through your career in geothermal and how it began? I began my career in Iceland, where geothermal energy is a natural part of daily life and a cornerstone of the national energy system. After studying Marine Engineering and Mechanical Technology at  Reykjavik Univ...

Szczecin Bets on Geothermal Energy: Tender Announced for First Exploration Well By:  Robert Buluma On September 23, 2025, the city of Szczecin officially launched a tender for the construction of its first geothermal exploration well at Dąbska Street. This marks a major milestone in the city’s energy transition, as Szczecin looks to tap into the natural heat beneath its soil as a modern and sustainable energy source. Backed by National Environmental Funding The investment is valued at 12.9 million PLN, with most of the financing secured from the  National Fund for Environmental Protection and Water Management (NFOŚiGW). The project is part of the national program “Making Thermal Waters Available in Poland”, which supports municipalities in exploring and utilizing geothermal energy for heating and power generation. Thanks to this funding, Szczecin plans to drill the Szczecin GT-2 well to a depth of nearly 2,000 meters. At this depth, experts expect to encounter geothermal water...

Kenya Powers Up with 53 MW of Clean Geothermal Energy from Olkaria I Date: September 20, 2025 By:  Robert Buluma Kenya is taking a bold step toward a greener and more sustainable future with the exciting expansion of the Olkaria I geothermal plant! 🌍⚡ Did you know that this powerhouse is set to inject an additional 53 MW  of clean, renewable energy into the national grid? This move strengthens Kenya’s position as a leader in geothermal energy in Africa and brings affordable electricity to homes and businesses across the country. A Boost for Kenya’s Energy Grid The Olkaria I geothermal plant, a key player in Kenya’s renewable energy landscape, is currently undergoing an ambitious expansion. Originally generating 45 MW, the plant is being upgraded to produce a whopping 63 MW of electricity. This additional capacity will significantly enhance the country’s energy supply, ensuring more reliable and eco-friendly power for all. Geothermal energy is a game-changer because it’s not o...

Robert Buluma :  Alphaxioms Responses were provided by Jeanine Vany, Executive Vice-President of Corporate Affairs, Eavor . Can you explain the key technological advancements in the latest iteration of the Eavor-Loop™ system? We have made a number of technological advancements at our project in Geretsried Germany . This includes innovation and learning resulting in dramatic improvements in our drilling performance and we’re proud to talk about our technology. For example, Eavor recently announced successful implementation of our in-house AMR (active magnetic ranging) tool which makes drilling more accurate and efficient. Eavor-Link™ AMR uses magnetic ranging while drilling to maintain constant alignment as it drills two wells at approximately 100 metres apart before they are intersected to create a continuous geothermal loop, which is then sealed with Eavor’s proprietary Rock-Pipe™ formula. With real-time data transmission between downhole sensors, the technology ensures tighter bo...

🌍 Seismic Surveys Kick Off Geothermal Exploration in Łódź Why Łódź is Going Underground for Clean Heat By:  Robert Buluma In an exciting development for climate-focused energy innovation, the Danish company Innargi has teamed up with Veolia Energia Łódź to explore the geothermal potential beneath the city of Łódź, Poland. A letter of intent signed in late 2024 formalized their long-term partnership to decarbonize the city's district heating system by tapping into renewable geothermal resources. Mapping the Earth: What’s Happening & When Starting around August 11, 2025 , seismic surveys are scheduled to begin across four routes covering approximately 160–186 km throughout the city. Specialized vibro‑trucks will send controlled vibrations—lasting roughly 20 seconds—into the ground. These signals are captured by geophones placed in advance along the planned routes. The data will be used to build a detailed subsurface map in just 4 weeks . Survey operations are prima...