Tajogaite Energía and INVOLCAN Join Forces to Explore La Palma’s Geothermal Potential Tajogaite Energía S.L. has taken a significant step toward assessing the geothermal potential of La Palma by formalising an agreement with the Canary Islands Volcanological Institute (INVOLCAN). The agreement covers surface geothermal exploration and research across 19 mining grids awarded to the company by the Government of the Canary Islands, with a total value of €387,698.50. The initiative does not yet mean that a geothermal power plant will be built or that deep drilling will begin immediately. Instead, it represents an essential early phase: using advanced scientific methods to understand what lies beneath the island’s surface and identify the areas with the greatest potential for future geothermal development. A Strategic Agreement for Canary Islands Energy The collaboration between Tajogaite Energía S.L. and INVOLCAN forms part of the public tender process launched by the Canary Islands Govern...
Geothermal Exploration in Taranaki and Waikato: Unlocking New Energy Opportunities in New Zealand New Zealand is expanding its geothermal ambitions beyond the country’s established development zones. Two Māori-led exploration projects in Taranaki and South Waikato have received a combined NZ$5.95 million in government grants to investigate previously underexplored geothermal resources and assess their potential to support regional growth, energy resilience, employment, and decarbonisation. The initiatives reflect a broader shift in geothermal development. While New Zealand’s geothermal industry has traditionally focused on high-temperature resources suitable for electricity generation, the new projects will also examine lower-temperature heat that could serve industrial, agricultural, commercial, and community applications. Government Funding for Two Exploration Projects The New Zealand Government has allocated NZ$3 million from the Regional Infrastructure Fund to the Taranaki Ge...