Alphaxioms Geothermal News and Related Research Globally

The global energy sector is undergoing a radical transformation, with clean, reliable, and sustainable power sources taking center stage. By: Robert Buluma Among these, geothermal energy stands out as an underutilized but highly promising resource that offers baseload power generation with near-zero carbon emissions.   The rise of advanced geothermal technologies has attracted significant investments, especially from big tech companies seeking sustainable energy solutions for their energy-intensive AI data centers. One such company making headlines is XGS Energy, a geothermal startup that recently closed a $13 million equity bridge round and is preparing for a $60 million to $100 million growth round.   This article explores how XGS Energy and other enhanced geothermal system (EGS) startups are revolutionizing the sector, unlocking geothermal energy potential beyond traditional hotspots, and why investors and technology giants are betting big on this clean energy rev...

Advancing National Security and Military Preparedness Through Geothermal Innovation By:  Robert Buluma The  United State Department of Defence (DOD) has officially designated several U.S. companies as ‘Awardable’ for the United States Air Force’s Geothermal for National Security and Military Preparedness initiative. This recognition, facilitated through the Tradewinds Solutions Marketplace, streamlines procurement processes by emphasizing innovation, scalability, and mission impact key factors in strengthening the nation’s energy resilience.   What Does ‘Awardable’ Mean?  Being labeled as ‘Awardable’ by the DOD means that these companies have met the stringent criteria required for direct contracting opportunities with the U.S. government. This designation simplifies the acquisition process and ensures that cutting-edge geothermal technologie can be rapidly deployed to support military bases and critical infrastructure.   The Role of Geothermal Energy...

Elemental Energies and Iceland Drilling Join Forces to Revolutionize Global Geothermal Projects By: Robert Buluma The geothermal energy sector is experiencing a seismic shift, and two industry leaders, Elemental Energies and Iceland Drilling Company, are taking it to the next level. In a groundbreaking move, the two companies have launched a global joint venture that promises to deliver comprehensive geothermal solutions for projects worldwide. The new partnership combines Elemental Energies’ expertise in subsurface and well engineering with Iceland Drilling’s cutting-edge geothermal drilling services, creating a powerful alliance designed to meet the growing demand for clean, renewable energy. Most People feel Geothermal is not taking a center stage but we feel otherwise given the current unfoldings A Bold Step Toward Sustainable Energy Solutions With over 70 years of experience and hundreds of geothermal wells constructed globally, Iceland Drilling stands at the forefront of geotherm...

Ignis H2 Energy Raises $12.5M in Series A First Close: Paving the Way for a Sustainable Future in Geothermal Power By: Robert Buluma An image example of a geothermal drilling rig at Eden Geothermal In a groundbreaking move, Ignis H2 Energy Inc. has successfully secured $12.5 million in the first close of its Series A funding round, a game-changer for the geothermal industry. The funding comes from a distinguished consortium of investors, including leading funds, private individuals, and strategic partners like drilling contractor Nabors Industries. The round is led by alfa8 , a firm dedicated to advancing technologies for a sustainable future. This infusion of capital is set to accelerate Ignis Energy's mission to develop geothermal power across the globe, tapping into vast untapped energy reserves in the USA, Turkey, Indonesia, and Italy. This is not the first time we are seeing Geothermal startups raise tangible amounts of money as Sagegeosystems also had raised a similar amount...

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...

Norway Takes a Giant Leap in Geothermal Energy: Qheat and Dhans Drilling Join Forces By: Robert Buluma Norway is making bold strides in the geothermal energy sector, with a groundbreaking collaboration between Qheat and Dhans Drilling. The two companies have signed a Letter of Intent to develop the country’s deepest geothermal well, aiming to reach an unprecedented depth of 4 kilometers. This landmark project is set to revolutionize Norway’s energy landscape, paving the way for deep geothermal solutions that can provide sustainable heating solutions for generations to come. A Partnership to Unlock Geothermal Potential Qheat, a leader in geothermal simulations and coaxial well design, brings its cutting-edge technology and expertise to the project. Their proficiency in designing and stimulating geothermal wells ensures the optimization of underground heat extraction, maximizing the potential of this renewable energy source. Hans Rinde, CEO of Dhans Drilling, emphasized the critical role...

EDF and TAQA Geothermal Forge a Landmark Partnership to Advance Geothermal Energy in Saudi Arabia By: Robert Buluma In a move set to redefine Saudi Arabia’s energy landscape, EDF Saudi Arabia and TAQA Geothermal Energy Company have signed a groundbreaking Memorandum of Understanding (MoU) to accelerate the deployment of geothermal energy technologies in the Kingdom. This strategic agreement was formalized on FebKoruary 12, 2025, during the third edition of the PIF Private Sector Forum at the prestigious King Abdul Aziz International Conference Center in Riyadh. Geothermal Energy is well poised to keep on powering new frontiers and this is Great to find new fields ramping up for the heat beneath our feet A Bold Vision for Sustainable Energy The partnership between EDF and TAQA Geothermal marks a significant milestone in Saudi Arabia’s pursuit of clean, renewable energy solutions. The MoU aims to explore and develop geothermal power generation, HVAC applications, and Compressed Air Energ...

Unlocking Bosnia and Herzegovina’s Geothermal Potential: A Golden Opportunity for Experts   By: Robert Buluma The global push for sustainable energy has ignited interest in geothermal resources, and Bosnia and Herzegovina (BiH) is the latest country stepping up to explore its underground energy reserves. The United Nations Development Programme (UNDP) has announced a Request for Proposal (RFP) for the Development of a Study on the Geothermal Potential of the Federation of Bosnia and Herzegovina (FBiH). This presents a lucrative opportunity for geothermal experts, energy consultants, and research institutions to shape the future of renewable energy in the region.   This is not the 80's when Geothermal Energy was being taxed as if it did not mean something, things have changed and it is getting similar incentives as other Renewables. What’s the Deal?   Published on January 29, 2025, this tender (Reference Number: UNDP-BIH-01166) seeks to assess, analyze, and ...

EGEC: Celebrating Geothermal Innovation By: Robert Buluma Are you ready to dive into the world of groundbreaking geothermal innovation? The European Geothermal Energy Council (EGEC) has just unveiled the Top 5 projects nominated for the prestigious Ruggero Bertani European Geothermal Innovation Award 2025. These trailblazing initiatives showcase the potential of geothermal energy to redefine sustainability in Europe and beyond. The winner will be crowned during the much-anticipated GeoTHERM expo & congress on February 20-21, 2025, in Offenburg, Germany. Let’s take a closer look at the inspiring finalists who are shaping the future of geothermal energy. Vulcan emerged as last years winners, you can read this article to understand on their distuptive Technology. 1.EnBW Energie Baden-Wuerttemberg AG – CASCADE Lithium extraction from geothermal brines has always faced challenges, but CASCADE changes the game. By incorporating a second reactor with Ti-/Mn-based adsorbents, this patented...

ABB and Sage Geosystems Unearth Geothermal Energy Opportunities By: Robert Buluma In a groundbreaking move towards a greener, more sustainable future, ABB and Sage Geosystems have signed a Memorandum of Understanding (MoU) to revolutionize energy storage and geothermal power generation. This collaboration is set to unlock the immense potential of geothermal energy, which could power over 65 million homes in the U.S. alone. We reported earlier on how Sagegeosystems partnered up with another strategic company for a 3MW of geothermal energy, dive in for an exclusive touch. A Bold Step Toward Clean Energy Solutions By tapping into the earth’s core heat, ABB and Sage Geosystems aim to deliver clean, reliable, and on-demand energy through their innovative Geopressured Geothermal Systems (GGS). This technology not only produces sustainable electricity but also serves as an energy storage solution that pairs seamlessly with intermittent renewable resources such as solar and wind. Cindy Taff, C...

Revolutionizing Well Inspections:  Zerlux Hungary Cutting-Edge Downhole Cameras By:  Robert Buluma In the ever-evolving world of geothermal and energy exploration, innovation is the key to unlocking efficiency and safety. One company making waves in this domain is Zerlux Hungary , renowned for its state-of-the-art downhole camera technology.   This is not the first time we are showcasing innovative approaches towards unearthing the heat beneath our feet as should you have missed the Borobotics drilling worm this piece tastes sweet with a hot cup of coffee. Designed to thrive in high-temperature and challenging environments,  Zerlux's downhole cameras provide operators with a direct, real-time view of well conditions a game-changer for the oil, gas, and geothermal sectors. These advanced tools are engineered to withstand the extreme conditions found deep within wells, offering critical insights that enhance decision-making, ensure operational safety, and boost ...

Teverra's  AI-Driven Innovation Set to Revolutionize Clean Energy Well Drilling  By:  Robert Buluma Department of Energy Awards $1.2 Million Grant for Real-Time Drilling Risk Management  ATLANTA, January 30, 2025 — In a groundbreaking move for clean energy technology, Teverra LLC has secured a $1.2 million grant from the U.S. Department of Energy (DOE). The funding will propel the advancement of Teverra’s Drilling Dynamics Geomechanics (DDG™) technology into real-time capabilities, setting the stage for a transformative era in subsurface drilling operations.   Geothermal drilling, For day ones they will attest that it could take atleast half the amount of coming up with a geothermal power plant. However this is no longer the case when we think of this groundbreaking breakthrough which was recently unearthed Spearheaded by Dr. Hamed Soroush,  Teverra's founder and CEO, this initiative promises to tackle some of the most critical challenges in CO2 stora...

Nevis Takes a Bold Leap Towards Energy Independence: The Geothermal Energy Project Gains Momentum By:   Robert Buluma In the heart of the Caribbean, the small but mighty island of Nevis is making waves with its ambitious Geothermal Energy Project. Under the leadership of the Honourable Mark Brantley, Premier of Nevis and Minister of Energy, the Nevis Island Administration (NIA) is taking strategic steps to bring this transformative vision to life. For a nation known for its lush landscapes and vibrant culture, this project represents more than just energy—it’s a promise of sustainability, independence, and a brighter future for generations to come.   Geothermal Energy is gaining traction with companies from oil and gas even investing in this new gem as articulated in this article A Vision Rooted in Resilience   The journey to harness geothermal energy on Nevis has been anything but smooth. Premier Brantley recently provided a comprehensive update on the pro...