Alphaxioms Geothermal News and Related Research Globally

Ormat Technologies Acquires Blue Mountain Geothermal Power Plant for $88 Million Strategic Expansion in the U.S. Geothermal Energy Market By: Robert Buluma In a significant move poised to strengthen its foothold in the U.S. renewable energy sector, Ormat Technologies Inc. has announced the acquisition of the Blue Mountain geothermal power plant located in Humboldt County, Nevada . This 20 MW facility, formerly owned by Cyrq Energy , was acquired for USD 88 million , marking a strategic milestone in Ormat's ongoing growth strategy. This acquisition demonstrates Ormat’s commitment to bolstering its geothermal energy portfolio in the United States while contributing to the nation's clean energy goals. The Blue Mountain geothermal project not only adds capacity to Ormat’s existing generation assets but also sets the stage for further technological and operational enhancements.  Overview of the Blue Mountain Geothermal Power Plant The Blue Mountain facility, originally commis...

Google’s Bold Step Towards Carbon-Free Energy: A Geothermal Power Partnership with Buffett's NV Energy By: Robert Buluma In a significant move towards sustainable energy, Alphabet Inc.'s Google has forged a partnership with Nevada’s utility giant, NV Energy, and the innovative geothermal startup, Fervo Energy. This collaboration marks a strategic effort to power Google’s data centers using clean, renewable energy derived from the Earth's heat. Harnessing Earth's Heat for Tech Giants Geothermal energy, unlike its solar and wind counterparts, offers a distinct advantage: it can operate continuously, providing a steady stream of electricity 24/7. By tapping into the heat stored in underground rocks, geothermal plants generate electricity without any carbon emissions. Fervo Energy employs advanced horizontal drilling techniques within geothermal reservoirs to maximize energy output, making this source of energy even more efficient. Powering the Future with Geothermal Energy...