Alphaxioms Geothermal News and Related Research Globally

Unearthing the Future: Zanskar Raises $30 Million to Revolutionize Geothermal Energy By: Robert Buluma In a world teetering on the brink of an energy crisis, where the demand for power surges with the relentless march of technology, one company stands poised to reshape the landscape of sustainable energy.  Geothermal & Minerals, the vanguard of geothermal exploration, has just announced a monumental achievement - the closing of a staggering $30 million in new funding, a feat that promises to propel the discovery of geothermal energy into uncharted territories. Led by Obvious Ventures, this groundbreaking round of funding signals a watershed moment for the renewable energy sector. With stalwart support from previous investors like Munich Re Ventures and Union Square Ventures, as well as fresh contributions from Clearvision Ventures,  Zanskar embarks on a mission to harness the power of geothermal energy on an unprecedented scale. But what exactly makes geothermal energy so pivotal

Powering the Future: Star Energy Group Bold Move Towards Geothermal Energy By: Robert Buluma In a groundbreaking move towards sustainable energy, Star Energy Group (AIM: STAR) has just announced the closing of a new €25 million secured facility with Kommunalkredit Austria AG (Kommunalkredit). This financial boost marks a significant step in Star Energy's transition strategy, particularly focusing on geothermal energy while maintaining investments in conventional oil and gas businesses. Chris Hopkinson, the CEO of Star Energy expressed his excitement, stating, "Securing this facility is an important milestone for Star Energy. It allows us to use cashflows from our existing oil and gas business to optimize near-term conventional production and deliver our transition strategy; namely developing and monetizing our geothermal business in both the UK and Croatia." Evidently,Oil and gas companies have been going Geothermal and Today we've found a new neighbor What makes th

Unleashing Indonesia's Geothermal Potential: A Global Investment Frontier By: Robert Buluma In the heart of the Pacific Ring of Fire lies a treasure trove of untapped energy potential, waiting to be harnessed for the benefit of not just Indonesia, but the entire world. With an abundance of geothermal resources, Indonesia stands at the forefront of renewable energy innovation, attracting the attention of global investors eager to participate in the country's energy revolution. The recent surge of interest from international players such as Sarulla, Itochu, ORKA, Energy Development Corporation (EDC), Sumitomo, Marubeni, INPEX, Masdar, MOECO, Chevron, Fe, ACEN, UNOCAL, Ormat, Enel, Steag, Engie, Mitsubishi, Sumbawa Timur Mining, and Kyushu Electric Power underscores the immense potential of Indonesia's geothermal market. These companies recognize the strategic importance of Indonesia's geothermal resources and are committed to leveraging their expertise and capital to unlo