Alphaxioms Geothermal News and Related Research Globally

  A Climate-Neutral Future for Hanover’s District Heating By: Robert Buluma The city of Hanover is taking a bold step toward a climate-friendly future with the implementation of an innovative geothermal energy project by Eavor in collaboration with enercity.  This groundbreaking initiative aims to cover 15 to 20 percent of Hanover’s district heating needs using cutting-edge Eavor-Loop™ technology, significantly reducing reliance on coal-fired power plants and advancing the city's heat transition goals. The Hanover Geothermal Project: A Game Changer for District Heating Eavor is developing two Eavor-Loops™ in the Lahe district, each with a heat output of 15 MW. Once operational, this system will generate up to 250 million kilowatt hours of geothermal energy annually. This is equivalent to supplying heat for approximately 20,000 homes within the enercity supply area, ensuring a stable, renewable, and climate-neutral energy source. Replacing Coal with Sustainable Geothermal Energ...

In a major breakthrough for renewable energy in Turkey, Sanko Energi has announced the successful discovery of what is now being hailed as Turkey’s hottest geothermal production well reaching an astonishing 308 degrees Celsius.  By:  Robert Buluma This record-setting temperature not only underlines the immense potential of Turkey’s geothermal resources but also marks a pivotal moment in the nation’s sustainable energy journey. A New Chapter in Turkey’s Geothermal Revolution Turkey has long been recognized as a geothermal powerhouse, thanks to its unique geological structure and abundant geothermal reservoirs. The discovery of a production well reaching 308°C by Sanko Energi pushes the limits of what was previously thought possible and signals a promising future for the country’s renewable energy sector. Key Highlights of the Discovery: Unprecedented Temperature: At 308°C, this well sets a new record for geothermal production in Turkey. Enhanced Production Potential: ...

Ignis Awards Drilling Consultancy Contract to Procubex for Geothermal Exploration in Türkiye By: Robert Buluma The global geothermal industry has marked yet another milestone as Ignis awards a prestigious drilling consultancy contract to Procubex for an upcoming deep wells campaign in Türkiye. This contract represents a significant step in Ignis' commitment to advancing sustainable energy solutions and expanding its geothermal energy portfolio. Procubex: A Leading Geothermal Consultancy Firm Procubex is a renowned engineering consultancy firm specializing in geothermal energy exploration, feasibility studies, project management, drilling operations, and well completion services. With a strong presence across Europe and Türkiye, Procubex has built a reputation for delivering cutting-edge geothermal energy solutions that drive efficiency, safety, and sustainability. Strategic Partnership for Geothermal Development Under this contract, Procubex will provide critical support in managin...

Mexico’s Energy Reform: A Climate Scientist’s Vision for Geothermal and Renewables By: Robert Buluma The president of Mexico Mexico is on the brink of a transformative energy shift under the leadership of President Claudia Sheinbaum, a renowned climate scientist. Her administration has introduced an ambitious energy reform aimed at redefining the country’s approach to power generation, prioritizing energy sovereignty, sustainability, and an accelerated transition to renewable sources particularly geothermal energy. France also is amongst the many countries which have taken a leap to revamp their Geothermal A Reform to Reshape Mexico’s Energy Landscape The initiative, presented to the Senate, seeks to restructure the Federal Electricity Commission (CFE), Petróleos Mexicanos (PEMEX), and other key energy institutions. The goal is clear: to ensure Mexico’s energy security while reducing reliance on fossil fuels by expanding investment in cleaner, more sustainable sources like geothermal p...

Pioneering the Future of Geothermal Energy: Texas Leads the Way with Closed-Loop Systems By: Robert Buluma Vallourec's closed loop concept North of Houston, a transformative geothermal initiative is reshaping the energy sector. NOV, a key player in drilling and completions technology, has successfully completed an 11,500-foot closed-loop geothermal test well, marking a significant step forward in renewable energy development. This project highlights the growing potential of closed-loop geothermal (CLG) systems to redefine energy production. Ejen it comes to Geothermal,Innovation and Technology is key and we have seen alot of new findings lately. Unlocking New Possibilities in Geothermal Energy Unlike conventional geothermal systems that rely on naturally occurring underground water sources, CLG technology operates using a sealed system. A specialized heat transfer fluid circulates through a continuous loop, absorbing heat from deep underground rock formations and transporting it to...

KenGen’s Remarkable Half-Year Profit Growth: A Testament to Geothermal Energy's Potential By:  Robert Buluma A picture of an Olkarian Giraffe in KenGen Olkaria poised taking a glimpse of Mercy Rono's lense in the Geothermal Field In a groundbreaking financial report released on February 6, 2025, the Kenya Electricity Generating Company (KenGen) PLC announced a remarkable 79% growth in its half-year profit. This milestone underscores KenGen's resilience and leadership in the energy sector, particularly its commitment to renewable energy, with geothermal energy taking center stage.   Driving Growth Through Geothermal Energy   Given that Kenya is geographically located in the Great Rift Valley geothermal well endowed section of the world  it is much easier  For the country to surpass the 1 GW geothermal mark and even disrupt the global geothermal market. Give that companies like Kengen are the main pivots in this field KenGen’s net profit soared to Ksh.5....

Accelerating Energy Transition: France Simplifies Geothermal Mining Procedures By: Robert Buluma In a bold move to expedite France's energy transition and bolster its supply security, Bruno Le Maire and Roland Lescure unveiled groundbreaking measures on April 12th, aimed at simplifying mining procedures. These measures are poised to pave the way for crucial projects vital to both energy transition and supply security. France boasts a rich subsoil teeming with essential resources pivotal for successful energy transition endeavors, such as geothermal energy, lithium, and copper. However, the exploitation of these resources has been hampered by lengthy bureaucratic procedures.  Unlocking Geothermal Potential: Geothermal energy, a renewable and carbon-neutral energy source, harnesses the thermal energy from the Earth's subterranean depths and aquifers. With 90% of the national territory suitable for geothermal exploitation, it stands as a prime candidate for scaling up renewable en...

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...

Unlocking Earth's Secret Power: Exploring the Potential of Geothermal Energy By: Robert Buluma In a world where the energy transition is gaining momentum, the quest for sustainable alternatives to fossil fuels has never been more crucial. Among the myriad of emerging solutions, one often overlooked yet immensely promising avenue is geothermal energy. This underdog in the renewables arena holds the key to unlocking Earth's secret power, and even industry giants like  Exxon are beginning to take notice. In an exclusive interview with Axios, Exxon CEO Darren Woods revealed the company's keen interest in the progression of geothermal technology. While  Exxon isn't currently actively pursuing geothermal ventures, Woods emphasized the potential alignment and synergies between geothermal energy and the company's existing expertise. With a cautious yet watchful eye,  Exxon recognizes the possibility of integrating geothermal energy into its portfolio, provided the right ...