Alphaxioms Geothermal News and Related Research Globally

OMV Halts Graz Geothermal Project: What It Means for Renewable Energy By:  Robert Buluma OMV cancels its deep geothermal project for Graz district heating, highlighting the risks and lessons for renewable energy projects. Discover what this means for future geothermal initiatives. OMV’s OMV’s Surprising Stop on Graz Geothermal Project Austria’s ambitious geothermal project aimed at supplying half of Graz’s district heating has been abruptly canceled. Initially envisioned as a major step in decarbonizing the city’s heating network, the project faced delays and contractual disagreements that ultimately led OMV to halt the initiative. The decision has sent ripples through the Austrian energy sector, raising questions about governance, risk, and renewable energy planning. The Significance of the Project The canceled geothermal initiative was valued at nearly €0.5 billion and had the potential to transform Graz’s energy landscape. Currently, the city relies on a small fraction ...

Deep Geothermal Energy in Bremen and Delmenhorst:  LBEG Grants New Exploration Permits By:  Robert Buluma The State Office for Mining, Energy, and Geology (LBEG) has granted OMV Green Energy GmbH  from Vienna three new permits to explore geothermal energy from depths of more than 400 meters. The fields Delmenhorst, Bremen-West, and Bremen-Ost cover a total of nearly 192 square kilometers and span two federal states. Area Distribution and Duration Bremen-West and Bremen-Ost : 166.5 km², from Borgfeld to Sodenmatt, valid until October 14, 2026 . Delmenhorst : 25 km², up to Brinkum, valid until October 14, 2027 . In Bremen, the three new fields now cover 57 percent of the city area . Across the state of Bremen, the four exploration permits account for more than 57.5 percent of the state’s area . Permit Process OMV Green Energy GmbH submitted the applications to LBEG. After comments from Bremen, Delmenhorst, and the district authorities, LBEG approved the permits...

Vienna's Leap Into Carbon-Neutral Energy: Inside the City's First Deep Geothermal Plant   By:  Robert Buluma Image of the city of Aspen in a blink mid_winter Vienna, a city famed for its historical landmarks and cultural elegance, is making headlines for something entirely different — the groundbreaking development of its first deep geothermal energy plant. Nestled in Aspern, within the city’s 22nd district, this ambitious project by OMV AG and Wien Energie GmbH is set to revolutionize how Vienna powers its homes, all while paving the way to a sustainable, carbon-neutral future.    The Heart of the Project: Drilling Deep for a Better Tomorrow   This isn’t just another energy project; it’s a bold leap into the future. Drilling into the depths of the Aderklaaer Konglomerat, a natural hot water reservoir sitting 3,000 meters below Vienna’s surface, this initiative taps into geothermal energy — an inexhaustible, renewable source of heat. By 2028, this...