Alphaxioms Geothermal News and Related Research Globally

Baseload Capital Secures €53M in Series B Funding: A Major Leap for Geothermal Energy In a powerful stride towards revolutionizing the global energy landscape, Baseload Capital Sweden AB has successfully closed a €53 million Series B funding round. This monumental achievement signals a significant leap in scaling up geothermal energy—one of the world’s largest untapped and sustainable energy resources. The Power Behind the Funding Leading the charge in this Series B round is ENGF, a distinguished infrastructure fund backed by Ingka Investments, the financial powerhouse of the Ingka Group, the largest IKEA retailer. The round also attracted investments from energy technology giant Baker Hughes, Nefco, Breakthrough Energy Ventures, and Gullspång Invest. This robust investment lineup underscores the growing confidence in Baseload Capital's vision to unlock the geothermal energy sector's potential on a global scale. A Vision to Transform the Energy Sector Baseload Capital is not ju

Unlocking Earth's Potential  Erdwarme Grunawald 61 Million Euro Geothermal Breakthrough By:  Robert Buluma In a thrilling development for renewable energy enthusiasts,  Erdwarme Grunawald has secured a monumental 61 million euros in federal funding for their latest geothermal drilling project at Laufzorn II. This infusion of capital marks a significant milestone in the quest for sustainable, CO2-free energy and underscores the potential of geothermal resources hidden beneath our feet. A Vision for the Future Laufzorn II is not just another drilling project; it's a testament to the visionary leadership of  Erdwarme Grunawald and their commitment to a greener future. With a total investment of around 153 million euros, this initiative aims to drill a second deep borehole that will substantially expand the local geothermal energy supply. "We are investing in the future of our energy infrastructure," says Andreas Lederle, Managing Director of Erdwarme Grunawald . "

Geothermal Gold: Kenya's Renewable Revolution Alphaxioms has been Nominated by Total Energies In The Startupper of the year Challenge and your support inform of a like is making a difference, please vote By:  Teflon Don In the heart of Kenya's Rift Valley, a revolution is taking shape, transforming the landscape and the future of energy in Africa. The Sosian-Menengai geothermal project, a beacon of innovation and sustainability, is set to redefine Kenya's energy production with a 35-megawatt geothermal power plant, bolstered by a $68 million investment from the Development Bank of Southern Africa (DBSA). Geothermal energy, often overshadowed by solar and wind, is emerging as a formidable player in the renewable energy sector. Unlike its more temperamental counterparts, geothermal energy offers a constant, reliable power source, tapping into the Earth’s natural heat to generate electricity around the clock. For Kenya, a country blessed with a rich geothermal potential, this

Unleashing the Power Beneath: The Second-Round EGS Pilot Demonstrations By:  Robert Buluma image: wells of power at Kenyan Geothermal Field gushing steam Geothermal energy is a game-changer in the quest for sustainable and reliable energy sources. The U.S. Department of Energy (DOE) is pushing the boundaries of this potential through its Geothermal Technologies Office (GTO). With the second round of funding opportunities for Enhanced Geothermal Systems (EGS) pilot demonstrations, authorized under President Biden's Bipartisan Infrastructure Law, the future of geothermal energy looks brighter than ever. This initiative aims to catapult EGS into the mainstream, contributing significantly to the goal of a carbon pollution-free electricity system by 2035.  What Are Enhanced Geothermal Systems (EGS)? Enhanced Geothermal Systems (EGS) represent a cutting-edge approach to geothermal energy. Unlike traditional geothermal systems that rely on naturally occurring hydrothermal resources, EGS c

GDC Secures €5 Million Grant for Groundbreaking Geothermal Project By: Robert Buluma In a groundbreaking development for Kenya's energy sector, the Geothermal Development Company (GDC) has recently clinched a staggering €5 million grant from the Green Resilient Electricity System Programme. This pivotal grant, part of a larger EUR 20 million allocation for Kenya, heralds a new era of sustainable energy initiatives in the region. The focal point of this windfall is the ambitious Baringo-Silali geothermal project, a venture poised to redefine Kenya's energy landscape. With an emphasis on capacity building in sustainable project management, GDC is primed to ensure the seamless execution of this endeavor, marking a significant stride towards harnessing the potential of geothermal energy. The launch of the Green Resilient Electricity System Programme saw luminaries from the European Commission and Kenya's Ministry of Energy converge in Nairobi, underscoring the program's glo

"Revolutionizing Energy: The Geothermal Breakthrough Shaking Up California" By : Robert Buluma In the sun-drenched landscapes of California, where solar panels gleam and wind turbines dance, a quiet revolution is underway, and it's not fueled by rays or gusts—it's powered by the Earth itself. Meet  XGS Energy, a trailblazing geothermal technology company on the brink of changing the energy game as we know it. With a recent infusion of USD 20 million in funding, they're poised to unleash their groundbreaking Thermal Reach Enhancement (TRE) technology onto the world stage, starting with a pioneering project right here in the Golden State. Imagine a future where clean, renewable energy flows effortlessly, not just when the sun shines or the wind blows, but around the clock, rain or shine. That's the promise of XGS ' innovative approach, tapping into the Earth's natural heat reservoirs to deliver a consistent, carbon-free energy supply. But this isn'

Revolutionizing Energy in Bavaria: The Innovative Geothermal Project Supported by the  European Investment Bank By: Robert Buluma In the heart of Bavaria, Germany, a groundbreaking energy initiative is taking shape, promising a greener, more sustainable future for the region. Backed by the  European Investment Bank (EIB) and bolstered by the EU Innovation Fund, this project aims to harness the Earth's natural heat to power homes and businesses, marking a significant leap forward in renewable energy technology. The Vision: Eavor-LoopTM Technology At the forefront of this venture lies Eavor , a pioneering energy company dedicated to revolutionizing the way we harness geothermal energy. Their innovative Eavor-LoopTM technology represents a paradigm shift in geothermal power generation. Unlike traditional methods that rely on capturing heat from subsurface water or steam reservoirs, Eavor-LoopTM drills deep into the Earth, directly harvesting heat from underground rocks. The Implement

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 the Future: Quaise Energy's Quest for Terawatt-Scale Geothermal Energy By:  Robert Buluma Image: Recent Core drilling set for ground works at Quaise In a world teetering on the brink of an energy revolution, one company is harnessing the power of the Earth itself to drive us towards a cleaner, brighter future. Quaise Energy, the brainchild of visionary minds and cutting-edge technology, has just secured a staggering $21 million in funding to propel its mission forward. But what exactly is Quaise Energy, and why should we all be paying attention? At its core, Quaise Energy is more than just a company; it's a beacon of hope in a landscape dominated by fossil fuels and climate concerns. By tapping into the virtually limitless potential of deep geothermal energy, Quaise is poised to revolutionize the way we power our world. But what sets deep geothermal energy apart from other renewable sources, you may ask? Well, for starters, deep geothermal power plants have the capac

Harnessing Heat: Central Begins Construction on New Complex, Taking Big Steps Toward Carbon-Neutral Future. By :  Robert Buluma Crews at Central Washington University (CWU) are ushering in a new era of sustainability as construction kicks off at the North Academic Complex site. This groundbreaking project marks a significant stride towards achieving a carbon-neutral campus, setting a precedent for environmental stewardship in Washington state. The centerpiece of the complex is a pioneering geothermal well designed to tap into the renewable heat of the Ellensburg Aquifer. Working in tandem with the GeoEco Plant, this innovative system will provide heating and cooling for the complex and other facilities on the north campus. Led by the Capital Planning and Projects team, students from the Construction Management and Geology departments were treated to an exclusive tour, offering a glimpse into the future of sustainable infrastructure. As construction progresses, Garco Construction and Ci

Discovering the Depths: EGRISE Revolutionizes Geothermal Research By  Robert Buluma The quest for sustainable energy solutions has led to a surge in geothermal research and innovation worldwide. To harness the full potential of this burgeoning field, the European Geothermal Research & Innovation Search Engine (EGRISE) emerges as a beacon of knowledge, enabling the discovery of a plethora of research products generated within EU-funded geothermal projects and by the broader global geothermal community. EGRISE stands as a testament to collaboration and connectivity in the scientific realm, leveraging the 'Connect' OpenAIRE application to aggregate a diverse array of research products. From project deliverables to scholarly papers and invaluable datasets, EGRISE serves as a one-stop destination for enthusiasts and experts alike seeking insights into the dynamic landscape of geothermal research. One of the hallmark features of EGRISE lies in its comprehensive metadata, includin

Geothermal Heating System Completed in Szeged's New District By  Robert Buluma On this chilly Friday, March 1, 2024, with temperatures hovering around 13°C, a significant milestone in sustainable infrastructure development has been achieved in Szeged, Hungary. The completion of the geothermal heating system in the Szilléri district marks a leap towards cleaner energy utilization and reduced environmental footprint. Initiated with a budget of 2.352 billion Hungarian forints, this project, realized with European Union support, underscores the commitment of both local and international stakeholders towards sustainable energy solutions. The endeavor was spearheaded by Geo Hőterm Kft., which secured 1.108 billion forints in non-repayable EU funds for the project. The implementation involved drilling a 2000-meter-deep production thermal well near the Zápor-tó lake on Pentelei sor. Within the water pump house, an 8.4 MW capacity plate heat exchanger was installed, alongside a water treatm

Fervo Energy Secures $244 Million to Revolutionize Geothermal Energy Houston, TX (February 29, 2024) By : Robert Buluma Fervo Energy, the trailblazer in next-generation geothermal development, has recently announced a significant milestone in its journey – securing a whopping $244 million in new funding. Spearheaded by Devon Energy, a prominent figure in the realm of shale oil and gas, this investment marks a pivotal moment for Fervo Energy and the future of sustainable energy production. The infusion of capital will empower Fervo Energy to accelerate the deployment of its cutting-edge technology, which draws upon proven methodologies from the oil and gas sector, to establish commercially viable 24/7 carbon-free energy solutions. With sustainability at the forefront of global concerns, Fervo's innovative approach comes at a crucial time, offering a promising alternative to traditional energy sources. Joining Devon Energy in this groundbreaking funding round are several esteemed par

  Earths Energy Makes Strides in Geothermal Innovation, Enters Australian Securities Exchange In a significant stride towards sustainable energy solutions, Earths Energy is set to debut on the Australian Securities Exchange (ASX) following a su.ccessful capital raise of $6 million. The company's focus on advancing geothermal energy in South Australia and Queensland positions it as a frontrunner in Australia's renewable energy landscape. With a commitment to harnessing the Earth's natural heat reservoirs, Earths Energy has garnered attention for its innovative approach to geothermal energy extraction. Geothermal energy holds immense potential as a clean and renewable energy source, offering a reliable alternative to traditional fossil fuels. The recent capital infusion will enable Earths Energy to accelerate its efforts in developing geothermal projects, particularly in regions rich in geothermal resources such as South Australia and Queensland. By leveraging cutting-edge te