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XGS Energy IPO: Morgan Stanley, Geothermal Growth, and Fervo’s Market Momentum

PGE Invests $3 Million in Green Hydrogen Pilot: Indonesia's Geothermal Leap Toward Net-Zero

PGE's $3 Million Leap into Green Hydrogen: Pioneering Indonesia's Sustainable Energy Revolution By: Robert Buluma  In an era where climate change looms large and the world races toward net-zero emissions, Indonesia's energy giant PT Pertamina Geothermal Energy (PGE) is making waves with a groundbreaking initiative. Announced on February 11, 2026, PGE is investing approximately three million US dollars in a green hydrogen pilot project at Ulubelu, Lampung. This isn't just another corporate announcement—it's a bold step toward transforming geothermal power into a clean fuel source that could redefine low-carbon energy strategies. Imagine harnessing the Earth's natural heat to produce hydrogen that's as green as the forests of Sumatra. Intrigued? Let's dive deeper into this captivating story of innovation, sustainability, and national pride. The Rise of Green Hydrogen: A Game-Changer in the Energy Transition Green hydrogen is often hailed as the "fue...

Banda Baru Geothermal Tender Flops: Zero Bidders Step Forward

Banda Baru Geothermal Survey Tender Fails to Attract Bidders By:  Robert Buluma Indonesia's push toward renewable energy suffered a notable setback in late 2025 when the tender for the Preliminary Survey and Exploration Assignment (WPSPE) of the Banda Baru Sepa geothermal block closed without a single bidder. Located on the remote Seram Island in Maluku Province, this 1,989-hectare site was seen as a promising addition to the nation's geothermal portfolio, with estimated potential of around 25-30 MW. The tender, open from October 31 to December 1, 2025, aimed to assign a developer for initial surveys and exploration, but the lack of interest underscores deep-rooted challenges in attracting investment to Indonesia's geothermal sector. Seram Island, a rugged and largely undeveloped landmass north of Ambon, is characterized by dense rainforests, towering mountains, and limited infrastructure. The Banda Baru block's location amplifies logistical difficulties, making it a to...