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Plum IV and CTR’s Geothermal Critical Minerals Deal Takes Shape

Plum Acquisition Corp. IV and  Controlled Thermal Resources Outline a Large-Scale Geothermal and Critical Minerals Platform Plum Acquisition Corp. IV (“Plum IV”) and Controlled Thermal Resources Holdings Inc. (“CTR”) are moving toward a proposed business combination that would create a public company focused on one of the most ambitious geothermal and critical minerals developments in the United States. The combined entity is expected to trade on Nasdaq under the pro forma ticker CTRH, reflecting a platform built around clean baseload power, lithium recovery, and broader critical minerals production. The investor presentation dated August 2026 frames the transaction around CTR’s Hell’s Kitchen project in Imperial County, California, which is presented as a strategically positioned resource opportunity with energy, minerals, infrastructure, and permitting advantages.   At the center of the presentation is a clear message: this is not just a power project, and it is not j...

Iceland’s Geothermal Hydrogen Breakthrough: The Race to Build the World’s First Low-Cost Synthetic Fuel Revolution

Iceland’s First Geothermal-Powered Green Hydrogen Pilot Races Ahead of Schedule — A Breakthrough That Could Redefine the Economics of Synthetic Fuels By : Robert Buluma  In the far north of Iceland, beneath volcanic terrain shaped by fire, pressure, and tectonic violence, a quiet energy revolution is accelerating faster than many expected. What was initially planned as a demonstration project is now rapidly becoming one of the most closely watched geothermal-hydrogen experiments in the world. Syntholene Energy Corp.’s geothermal-integrated synthetic fuel demonstration facility in Húsavík, Iceland, has surged ahead of schedule by six months, with operations now potentially beginning in June 2026 instead of later in the year. For an industry accustomed to delays, budget overruns, and technological bottlenecks, the announcement sent a powerful signal across the global clean energy landscape. But this story is much larger than a construction milestone. What is unfolding in Iceland cou...

Springhill Geothermal Mines Spark Major Renewable Energy Investment Interest

Cumberland’s Springhill Mines Ignite New Geothermal Energy Investment Race By: Robert Buluma Deep beneath the historic coal town of Springhill, Nova Scotia, an energy revolution is quietly simmering. What was once the beating heart of Canada’s coal mining era is now emerging as one of the country’s most fascinating geothermal success stories. Flooded abandoned mines that once symbolized industrial decline are being reimagined as a renewable energy treasure capable of powering greenhouses, businesses, institutions, and perhaps an entirely new economic future. The Municipality of Cumberland is now intensifying efforts to attract investors and developers interested in harnessing geothermal energy from the former Springhill coal mines after a provincially funded geothermal research initiative reached its conclusion in April 2026. The story unfolding in this small Nova Scotian community is not just about renewable energy. It is about reinvention, resilience, and the transformation of old i...

ENNA Geo, STEAM Advance Zagocha Geothermal Development Through Strategic Partnership

ENNA Geo Forges Critical Partnership with STEAM : A New Chapter for Geothermal Development at Zagocha By : Robert Buluma   In a strategic move that signals maturity and ambition, emerging geothermal developer ENNA has formalized a landmark collaboration with global technical advisory firm STEAM. The partnership, announced this week, positions STEAM as the Owner’s Engineer for ENNA’s flagship Zagocha geothermal project—a development that could redefine renewable energy benchmarks in the region. For an industry where technical de-risking is the single greatest determinant of success, the appointment of an Owner’s Engineer is never routine. It is, instead, a declaration of intent. And with STEAM bringing operational experience from over 30 countries in the past decade alone, the message from ENNA is clear: the Zagocha project is moving beyond feasibility and into the disciplined, exacting phase of execution. The Strategic Logic Behind the Owner’s Engineer In large-scale energy infr...

Iceland Doubles Down on the Future: 600 Million ISK Unlocked for Next-Generation Geothermal Breakthroughs

The Icelandic government has taken a major step forward in advancing its world-leading geothermal sector.  By: Robert Buluma On March 19, 2026, the Loftslags- og orkusjóður (Climate and Energy Fund) announced the allocation of 600 million Icelandic krónur(approximately USD 4.3-4.5 million, depending on exchange rates) to support 11 innovative projects focused on innovation, technology development, and expanded utilization of geothermal resources. This funding round builds directly on the " Jarðhiti jafnar leikinn " (Geothermal Levels the Playing Field) initiative launched in late 2025, which initially committed around 1 billion ISK for exploration and utilization of geothermal energy across Iceland, particularly in underserved areas for district heating. The latest grants shift emphasis toward next-generation technologies, value creation beyond basic heating, and pushing the boundaries of what's possible in geothermal extraction. Minister of Environment, Energy, and Clim...

Exclusive Interview: An In-Depth Look at Exergy’s Game-Changing Gemini Turbine

Exclusive interview with Exergy : discover the new Gemini dual-flow radial outflow turbine, the first single-unit ORC solution for 30–60 MW geothermal projects, offering up to 30 % lower costs and 99 % availability. By:  Robert Buluma .   An interview with  Luca Pozzoni -  Deputy CEO | Group CFO - Exergy International and the Exergy Team 1. Can you walk us through the key design innovations in your new Gemini turbine and how it differs from previous models? The major innovation of the Gemini turbine lies in the dual-flow configuration: unlike conventional radial outflow turbines which are equipped with a single bladed overhung rotor disk, the Gemini features a double-side bladed rotor disk mounted in a between-bearing configuration. This enables the efficient processing of significantly larger volumes of fluid, leading to higher power output having basically two radial outflow turbines in a single machine with enhanced operational stability and simplified mainte...

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