ALPHAXIOMS Geothermal News & Energy Research

Nevada’s Geothermal Lease Sale Shatters Records: What It Means for the Future of Clean Energy By: Robert Buluma The geothermal industry is entering an exciting new chapter—one defined by bold investments, rising land values, and rapidly advancing technology. The latest lease sale in Nevada is a perfect example. According to industry sources, bids are already surpassing previous records , with some parcels hitting over $400 per acre . This remarkable surge comes just months after earlier records were set, signaling a powerful and accelerating trend. As geothermal development continues to pick up momentum across the western United States, Nevada stands out as one of the most attractive hotspots. The state’s rich geothermal resources, combined with strong policy support and advancements in subsurface imaging, drilling, and reservoir engineering, are creating the perfect environment for developers and investors alike. A Record-Breaking Sale: What Happened? The Bureau of Land Management...

OMV Halts Graz Geothermal Project: What It Means for Renewable Energy By:  Robert Buluma OMV cancels its deep geothermal project for Graz district heating, highlighting the risks and lessons for renewable energy projects. Discover what this means for future geothermal initiatives. OMV’s OMV’s Surprising Stop on Graz Geothermal Project Austria’s ambitious geothermal project aimed at supplying half of Graz’s district heating has been abruptly canceled. Initially envisioned as a major step in decarbonizing the city’s heating network, the project faced delays and contractual disagreements that ultimately led OMV to halt the initiative. The decision has sent ripples through the Austrian energy sector, raising questions about governance, risk, and renewable energy planning. The Significance of the Project The canceled geothermal initiative was valued at nearly €0.5 billion and had the potential to transform Graz’s energy landscape. Currently, the city relies on a small fraction ...

CKW and Localnet AG are investigating geothermal energy potential in the Burgdorf region to provide continuous, climate-friendly heat and power. Discover how the project is progressing, what steps are planned, and what it could mean for sustainable energy in Switzerland. Why Geothermal Energy Matters CKW  and  Local Net AG have launched preliminary studies for a possible geothermal project in the Burgdorf region. The goal is to assess whether geothermal energy can be used to produce heat and electricity in a way that is climate-friendly and independent of weather conditions. Unlike solar, wind, and hydropower that depend on daily or seasonal patterns, geothermal can provide continuous, reliable energy an important factor in Switzerland’s push toward climate neutrality. Scope of the Initial Studies In the coming months,  CKW (a subsidiary of the Axpo Group) and  Local Net Ag will: Analyze publicly available underground and geological data. Evaluate the poten...

Santa Fe, New Mexico – In an exciting move for the geothermal industry, the  Bureau of land Management (BLM) New Mexico State Office is officially welcoming nominations for geothermal leasing ahead of its upcoming lease sale, expected to take place in March 2026 . By : Robert Buluma If you’ve been eyeing geothermal development opportunities, the clock is ticking— all nominations must be submitted by September 25, 2025 . ⚡ Why This Matters Geothermal energy is a game-changer. It's clean, renewable, and offers reliable baseload power—something wind and solar can’t always guarantee. As climate action intensifies and demand for sustainable power surges, tapping into the Earth’s heat is becoming one of the most promising frontiers in the American West. The BLM plays a pivotal role in this transformation, managing 245 million acres of public lands and 700 million acres of subsurface mineral estates across the country, making them a key player in the geothermal energy boom. Geothermal...

By:  Robert Buluma In a groundbreaking move that promises to reshape the future of clean energy, Teverra , a trailblazer in subsurface energy solutions, has partnered with Dutch powerhouses IF Technology and DTESS to accelerate the global rollout of ResStor™—a revolutionary long-duration energy storage system.  This strategic collaboration aims to push the boundaries of renewable integration, industrial decarbonization, and sustainable data center cooling. At the core of this initiative is ResStor, Teverra proprietary Reservoir Thermal Energy Storage platform. Capable of storing thermal energy for several months with outstanding efficiency, ResStor is tailored for both seasonal and daily cycling, allowing precise, on-demand delivery of heat or power. This opens the door for consistent, carbon-free energy across sectors, regardless of intermittency in renewable sources like solar or wind. But the real game-changer lies in Cold-ResStor—a specialized application targeting the dat...

A groundbreaking milestone has just been achieved in the geothermal world.  Quaise Energy a bold energy tech startup, is turning heads by drilling through granite—not with traditional bits, but with powerful millimeter-wave energy.  By :  Robert Buluma This disruptive technology could unlock near-unlimited geothermal power deep beneath the Earth’s surface. 💡 The Power Beneath Our Feet Beneath the Earth's crust lies a massive source of heat—superhot rock that, if harnessed, could power the planet many times over. The challenge? It's buried miles deep in unforgiving conditions where traditional drill bits melt, wear down, or fail completely. Enter  Quaise Energy revolutionary solution: vaporizing rock with directed energy. ⚙️ How It Works Instead of grinding rock with steel,  Quaise uses millimeter-wave energy—essentially high-powered microwaves. These waves are delivered through a special pipe to the rock face, where they instantly melt or vaporize hard mater...

Fervo Energy Pushes Boundaries with 15,000-FT, 500°F Geothermal Well — Ushering in a New Era for Enhanced Geothermal Systems June 10, 2025 – By Robert Buluma In a stunning feat of engineering and innovation, Fervo Energy has announced the successful drilling and logging of its Sugarloaf appraisal well, marking a monumental leap in the advancement of Enhanced Geothermal Systems (EGS). Clocking in at an impressive 15,765 feet of true vertical depth and aiming for a bottomhole temperature of 520°F , this well not only sets new records but also firmly positions geothermal energy as a major player in the clean energy race. Breaking Records, Redefining Possibilities What makes this well particularly revolutionary is Fervo’s drastic 79% reduction in drilling time — completing the ultradeep well in just 16 days compared to the U.S. Department of Energy’s baseline expectations. Along the way, the company shattered several drilling records, including: Bit run length: 3,290 feet Average rate...

🌍 A New Era for Geothermal: Eavor’s Groundbreaking Technology Powers Germany Forward By:  Robert Buluma The renewable energy world is buzzing, and for good reason. In the quiet town of Geretsried, Germany , something extraordinary is happening underground  Eavor Technologies has launched a geothermal revolution that could change the energy game forever. At the center of this disruption is Eavor-Link™ Active Magnetic Ranging (AMR)  a drilling technology so precise, it can align two wells with surgical accuracy, 100 meters apart, thousands of meters below the surface. 🧲 The Magic of Magnetic Ranging Traditional geothermal systems depend heavily on subsurface water and sometimes controversial methods like fracking. But Eavor’s AMR system is eliminating these dependencies by creating a closed-loop geothermal circuit  known as the Eavor-Loop™ . This loop operates with zero emissions, requires no water withdrawal, and eliminates induced seismicity concerns. It ci...

  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: ...