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Eavor Demobilizes Rigs in Geretsried: What It Means for Closed-Loop Geothermal Investors, Heat Markets, and Project Risk

By Robert Buluma Alphaxioms
Eavor Demobilizes Rigs from Geretsried: What It Really Means for Closed-Loop Geothermal For three years, two drilling rigs on a farm estate near Geretsried, a Bavarian town about 40 km south of Munich, stood as the symbol of the world's most ambitious closed-loop geothermal experiment. Now in October 2026,  Eavor Technologies, the Calgary-based developer of the Eavor-Loop, has told the town and its heating utility that both rigs would leave the site . The company said keeping idle rigs and specialist services on site was costly, and that releasing them would help put the project in the strongest position to continue with Loop 2 once its commercial structure is reworked . On the surface, this is a logistics decision. Underneath, it is one of the clearest signals yet about where first-of-a-kind geothermal technology stands, and how hard it is to turn a technical proof into a bankable business. This article explains exactly what happened, what the move means and what it does not mean...
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Melilla’s Hidden Fire: Teverra and Earth Energy Explorers Trigger Spain’s Next Geothermal Breakthrough

By Robert Buluma Alphaxioms
Teverra and Earth Energy Explorers Ignite a Geothermal Revolution in Melilla: Spain’s Hidden Heat Awakens By:  Robert Buluma There are places on Earth where the future doesn’t arrive gently. It doesn’t knock politely. It doesn’t wait for permission. It erupts—quietly at first—through data, through drilling plans, through boardroom decisions that look ordinary to outsiders but feel like thunder to those who understand what is at stake. The Melilla Geothermal Project is one of those moments. A moment when a city perched on the edge of Europe, staring directly into the Mediterranean, begins to ask a question that could shake its energy destiny: What if the most powerful resource we need isn’t imported… but buried beneath us? This is the kind of question that rewrites history. And now, with Teverra partnering with Earth Energy Explorers (EEE), that question is no longer theoretical. It is becoming a plan—measured, engineered, and dangerously ambitious. Melilla is not just another Sp...
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🌋 A Geothermal Dawn for Texas: Presidio’s 110-Megawatt Leap into the Future

By Robert Buluma Alphaxioms
Presidio, Texas – A quiet border town has just made a thunderous statement on the global stage of renewable energy. On May 22, the Presidio Municipal Development District (PMDD) and Exceed Geo Energy signed a groundbreaking  By:  Robert Buluma 110-megawatt geothermal power purchase agreement term sheet —a monumental move set to redefine the economic destiny of Presidio County. The deal was inked during the inaugural “Presidio Vision 2035” student competition, and it is already being hailed as the most consequential economic development initiative in the region’s modern history. With electricity output far exceeding current local demand, the project is poised to energize not just homes—but industries, data centers, manufacturing hubs, and high-value agricultural processing plants. “We’re not just powering lights—we’re powering futures,” said John T. Kennedy , PMDD Executive Director. “This geothermal commitment lays the foundation for transformative growth that will chan...
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GA Drilling and NREL Forge a New Path for Ultra-Deep Geothermal Energy

By Robert Buluma Alphaxioms
Breaking New Ground: GA Drilling and NREL Join Forces to Revolutionize Geothermal Energy By: Robert Buluma Geothermal energy has long been the unsung hero of the renewable energy sector. With the potential to provide consistent, baseload power, it remains an underutilized resource due to the challenges of deep drilling. Now, GA Drilling, a pioneering geothermal technology company, has partnered with the U.S. National Renewable Energy Laboratory (NREL) to take a massive leap forward in unlocking geothermal’s full potential. We did an indepth article earlier on Status of Geothermal in USA for our readers to get first hand information on how the geothermal sector looks like A Partnership for the Future GA Drilling and NREL are collaborating to bring a game-changing innovation to the field—an advanced high-temperature downhole generator designed to enhance geothermal drilling applications. This cutting-edge technology will be integrated into GA Drilling’s PLASMABIT® Hybrid drilling solutio...
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Eavor Demobilizes Rigs in Geretsried: What It Means for Closed-Loop Geothermal Investors, Heat Markets, and Project Risk

By Robert Buluma Alphaxioms
Eavor Demobilizes Rigs from Geretsried: What It Really Means for Closed-Loop Geothermal For three years, two drilling rigs on a farm estate near Geretsried, a Bavarian town about 40 km south of Munich, stood as the symbol of the world's most ambitious closed-loop geothermal experiment. Now in October 2026,  Eavor Technologies, the Calgary-based developer of the Eavor-Loop, has told the town and its heating utility that both rigs would leave the site . The company said keeping idle rigs and specialist services on site was costly, and that releasing them would help put the project in the strongest position to continue with Loop 2 once its commercial structure is reworked . On the surface, this is a logistics decision. Underneath, it is one of the clearest signals yet about where first-of-a-kind geothermal technology stands, and how hard it is to turn a technical proof into a bankable business. This article explains exactly what happened, what the move means and what it does not mean...
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Ijen vs Zanskar: Blind Geothermal Energy Discovery and Development

By Robert Buluma Alphaxioms
Ijen’s Blind Geothermal System vs. Zanskar’s AI-Discovered Resources: Two Models for Finding Hidden Heat The geothermal industry is entering a new phase in which the most valuable resources may no longer be the fields marked by obvious hot springs, geysers, fumaroles, or steaming ground. Increasingly, developers are targeting “blind” or hidden geothermal systems,reservoirs that lack clear surface expressions but can still contain the temperature, permeability, and fluid needed for commercial power generation. Two examples illustrate how different parts of the industry are approaching this challenge. In Indonesia, the Blawan-Ijen geothermal field in East Java was developed through geological interpretation, magnetotelluric imaging, conceptual modelling, and drilling. The project is now operating commercially, with its first phase delivering approximately 35 MW to the Java grid under a 30-year power purchase agreement.  In the United States, Zanskar Geothermal & Minerals is using...
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California Court Orders New Environmental Review for Imperial County Geothermal Lithium Project

By Robert Buluma Alphaxioms
California Appeals Court Orders New Environmental Review for Imperial County Geothermal–Lithium Project Image: California Salton Lake Sea Hell’s Kitchen geothermal and lithium extraction plan sent back for deeper water, air-quality and mitigation analysis under CEQA A California appeals court has ordered Imperial County to conduct a more rigorous environmental review of the proposed Hell’s Kitchen geothermal power plant and lithium extraction project near the Salton Sea. The Fourth District Court of Appeal found that the county’s original environmental impact report (EIR) did not adequately address long-term water availability, enforceable mitigation measures for water shortages, or potential air-quality impacts tied to the receding Salton Sea. The ruling partially reverses a lower court decision and remands the case to Imperial County Superior Court, requiring the county and project developer Controlled Thermal Resources to address the identified deficiencies before the project can m...
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"US Geothermal Tax Credits 2026: What the IRA/45Q Changes Mean for Developers"

By Robert Buluma Alphaxioms
US Geothermal Tax Credits in 2026: What Is Actually Still Alive After OBBBA For an industry that spent more than a decade building financial models around a stable federal incentive structure, 2026 has been a year of whiplash. The 30% federal geothermal tax credit that developers and homeowners built forecasts around is gone in one form and still alive in another, and even the IRS’s own public guidance has been confusing enough to trigger uncertainty across the market. That confusion is not a minor clerical issue. It is shaping investment decisions, contractor sales pitches, homeowner timelines, and project finance assumptions right now. If you work in geothermal, the key question is no longer whether federal incentives exist, but which incentive applies, to which project type, and under what ownership structure. The law that changed the timeline To understand where things stand in 2026, you have to start with the Inflation Reduction Act of 2022, which created a long runway for clean e...
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Maryland Geothermal Rebate Program 2026: Residential Heating and Cooling Incentives Drive Strong Demand

By Robert Buluma Alphaxioms
Maryland’s Geothermal Rebate Program  FY26 Geothermal Rebate Program is entering its final stretch with funding already oversubscribed, which is a strong sign that homeowner interest in geothermal heating and cooling is rising quickly in the state.  The program offers a $3,000 rebate for eligible new geothermal heating and cooling systems for Maryland residents in single-family detached homes and townhomes, but the application portal is now closed while the state works through the existing queue. That update matters because it shows how incentive programs can move from a policy idea into real household demand very quickly. A program with a $150,000 budget does not usually run out of room unless homeowners, contractors, and installers all see geothermal as a practical investment. In Maryland’s case, the fact that requests exceeded the full FY26 budget suggests the market is responding to both energy-cost concerns and long-term efficiency goals. What the program offers The Maryl...
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Vercana Electric Rig Advances Geothermal Brine Lithium Extraction Economics

By Robert Buluma Alphaxioms
Electric-Rig Direct Lithium Extraction From Geothermal Brine: The Economics of Vercana Versus Ormat Vulcan Energy Resources is pursuing an integrated model that combines geothermal drilling, direct lithium extraction, renewable electricity and industrial heat. Through its Vercana subsidiary, the company is also using electric drilling equipment designed to support the development of its Lionheart project in Germany’s Upper Rhine Valley. The approach differs from the conventional geothermal model represented by Ormat Technologies, whose core business remains geothermal power generation, equipment, project development and energy storage rather than commercial lithium recovery from geothermal brine.  The economic question is broader than whether an electric drilling rig costs less to operate than a diesel rig. The more important issue is whether electric drilling, geothermal energy and direct lithium extraction can create a more valuable integrated project than a conventional geotherm...
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IID Secures Major, Local Geothermal Agreement to Strengthen Reliability

By Robert Buluma Alphaxioms
IID Secures 86 MW of Geothermal Power in Major Salton Sea Agreement The Imperial Irrigation District has signed 10-year agreements with BHE Renewables, through its CalEnergy subsidiary, to secure 86 megawatts of around-the-clock geothermal power from two established projects in California’s Imperial Valley. The agreement will strengthen IID’s electricity reliability, support renewable-energy compliance and help meet growing demand across the Imperial and Coachella valleys. The new contracts cover 44 MW from the Salton Sea 4 geothermal project and 42 MW from the Leathers geothermal project. Deliveries are scheduled to begin on January 1, 2027, giving IID access to dependable renewable electricity during a period of rising summer demand and increasing pressure on power systems across the American West. The agreement represents an important step in IID’s long-term resource planning. It combines existing geothermal generation with additional capacity from the Yuma Cogeneration facility in ...
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Endurance Energy Tests World's First Subsea Geothermal Well at Axial Seamount

By Robert Buluma Alphaxioms
Endurance Energy Tests the World's First Subsea Geothermal Well: What the Axial Seamount Demonstration Really Proved What if geothermal energy did not need a power plant on land? What if electricity could be produced directly from the Earth's heat beneath the ocean, with generators sitting on the seafloor and sending power to coastal grids? On October 19, 2026, Seattle-based startup Endurance Energy announced a major step toward that idea. The company said it had drilled and completed the world's first subsea geothermal well and placed a 3-ton test power plant nearly a mile beneath the Pacific. It also reported net-positive electricity from heat at an active underwater volcano, according to its announcement on PR Newswire. The headline numbers are modest. The Adélie prototype produced more electricity than it used for about 8.7 seconds. During that time it delivered a median net output of about 2 kilowatts and a peak of 16.5 kilowatts. One detail matters more than any other...
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Geothermal Projects In Africa, Countries Overview

By Robert Buluma Alphaxioms
 Geothermal Projects in Africa: Country-wise Overview By : Robert Buluma Africa is increasingly turning to geothermal energy as a sustainable solution to meet its growing electricity demands. With abundant geothermal resources spread across the continent, several countries have embarked on ambitious projects to harness this clean and renewable energy source. Let's delve into the geothermal projects in various African countries, highlighting key players and prospects. Algeria Algeria is exploring its geothermal potential, particularly in the northern regions. Although in the early stages, initiatives are underway to assess feasibility and potential locations for geothermal power plants.  Burundi Burundi has shown interest in developing its geothermal resources, primarily in the northwest region near Lake Tanganyika. The government is actively seeking partnerships with international firms to kickstart exploration and development efforts. Comoros The Comoros Islands are situated ...
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BLM Nevada Geothermal Lease Auction Boosts Renewable Energy Investment amid Solar Land Conflict

By Robert Buluma Alphaxioms
BLM’s Nevada Geothermal Lease Auction Signals Rising Competition for Federal Energy Land The Bureau of Land Management’s latest geothermal lease sale in Nevada attracted nearly $4.83 million in total receipts, highlighting growing investor interest in geothermal resources as electricity demand rises . The auction also exposed an increasingly important land-use conflict: several geothermal parcels overlap with proposed utility-scale solar projects, including NextEra Energy’s 1,000-megawatt Sawtooth Energy Center. The October 20, 2026, sale offered 83 parcels covering approximately 265,155 acres across 10 Nevada counties. Bidders placed offers on 60 parcels covering 186,641 acres, while 23 parcels received no bids. The results provide a new measure of competition for federal geothermal acreage in one of the United States’ most important geothermal states. Auction Results The Nevada auction attracted 32 registered bidders, of which 18 submitted at least one bid. Across the sale, bidders s...
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