Alphaxioms Geothermal News and Related Research Globally

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

Harnessing Earth's Heat: Bjelovar's Geothermal Revolution By:  Robert Buluma In the heart of Croatia, a quiet yet ambitious city is silently leading the charge towards a greener, more sustainable future. Welcome to Bjelovar, where innovation meets determination, and the earth's own warmth is becoming the cornerstone of a groundbreaking energy shift. Mayor Dario Hrebak proudly declares that Bjelovar is on the brink of transformation. With over 200 million euros invested in various projects – an amount equivalent to half the iconic Pelješki bridge – the city is not just dreaming of a sustainable future; it's actively building it. One of the most promising endeavors is the geothermal well project in Veliki Korenovo. This venture, with a total investment of 4.4 million euros, symbolizes Bjelovar's commitment to harnessing the Earth's natural resources responsibly. Co-financed by the Governments of Norway, Iceland, and Liechtenstein, along with substantial support fr

Unveiling Croatia's Geothermal Future: Cindrigo's Quest for Sustainable Energy By :  Robert Buluma  00:45 Nairobi  In the heart of Croatia's picturesque landscapes lies a venture that promises to reshape the nation's energy future. Cindrigo Holdings, a beacon of renewable energy innovation, is on a mission to unlock the potential of geothermal power with its ambitious Slatina 3 project. Picture this: the rolling hills of Croatia's countryside, where lush greenery meets the horizon, now dotted with the telltale signs of progress. Amidst this serene backdrop, Cindrigo's subsidiary, Dravacel, is making waves in the renewable energy sector by seeking a six-month extension for its exploration license. This pivotal move, aimed at propelling the Slatina 3 project forward, signals a new era of sustainable energy development in Croatia. But why all the buzz? It's simple - geothermal power holds the key to a cleaner, greener future. With its abundance of natural heat