Alphaxioms Geothermal News and Related Research Globally

Gold Meets Steam: A Game-Changing Geothermal Venture in North Sulawesi By: Robert Buluma : steam gushes orit of a geothermal well,wells of power In the heart of North Sulawesi's Bitung area, a groundbreaking partnership has emerged, one that promises to reshape both the energy and mining landscapes. The collaboration between Ormat, a global leader in geothermal technology, and Archi, a prominent gold mining company, is not just another business venture—it’s a bold statement of innovation and ambition. Established in early 2021, this joint venture is an intriguing fusion of resources and expertise. Archi, well-known for its operations in the gold-rich Toka Tindung area, is now diving into uncharted territory with geothermal energy. Ormat, on the other hand, has taken on the monumental task of managing the A-to-Z operations of this geothermal project. In return, Ormat will command a three-quarters share of the venture’s stakes, leaving Archi with a quarter—a reflection of the immense...

SLB and Ormat Join Forces to Revolutionize Geothermal Energy By: Robert Buluma In an exciting leap toward a sustainable future, SLB has announced a strategic collaboration with Ormat Technologies, Inc., a leading renewable energy company, to develop and deliver cutting-edge geothermal projects. This partnership aims to revolutionize the geothermal energy landscape by reducing project risks, enhancing economics, and ensuring long-term performance and reliability. A Comprehensive Suite of Solutions The collaboration will offer developers an integrated suite of solutions that cover every phase of geothermal projects. From initial exploration and resource assessment to power plant commissioning and operation, SLB and Ormat are committed to providing a seamless and comprehensive approach. Next-Generation Geothermal Solutions Together, SLB and Ormat will offer both traditional geothermal solutions and next-generation technologies like enhanced geothermal systems (EGS) and advanced geothermal...

Unveiling a New Era: Ngā Tamariki Geothermal Station Expansion Underway! By: Robert Buluma In a symbolic gesture marked by the clinking of shovels against the earth, a new chapter in renewable energy dawned as the groundbreaking ceremony for the fifth generating unit at the Ngā Tamariki geothermal commenced. The air was filled with anticipation and reverence as representatives from Tauhara North 2 Trust , Tahu Ngati Whaoa , and their esteemed delivery partner, Ormat gathered to bless and celebrate this momentous occasion. At the heart of this expansion lies a profound commitment to sustainability and cultural preservation. Collaborating closely with their valued partners,  Tauhara North 2 Trust and the wider mana whenua Ngāti Tahu Ngati Whaoa ,They had meticulously crafted a plan that not only ensures the long-term health of the land but also honors its sacred significance as a taonga. The addition of this new unit marks a pivotal milestone in  Mercury ongoing mission to cha...

Unveiling Indonesia's Geothermal Potential: A Thrilling Expedition into Sustainable Energy By: Robert Buluma Indonesia, a land of breathtaking landscapes and vibrant cultures, holds a treasure trove beneath its surface - geothermal energy.  As the world races towards sustainable solutions, Indonesia stands at the forefront, ready to unlock the power of its volcanic landscapes to fuel a cleaner, greener future. Picture this: steam rising majestically from the earth's crust, hinting at the immense energy waiting to be harnessed. Welcome to the world of geothermal energy, where nature's fury becomes mankind's salvation. In a recent announcement that sent shockwaves through the energy sector,  PT Ormat Geothermal Indonesia has been chosen as the trailblazer for the Preliminary Survey and Exploration Assignment (PSPE) in the Rongkong area of Luwu Utara District, nestled in the scenic beauty of South Sulawesi Province. But what does this mean for Indonesia, and indeed, the w...

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...

Revolutionizing Renewable Energy: Ormat Technologies' Geothermal Power Plant in Guadeloupe By : Robert Buluma In a significant leap towards a sustainable future, Ormat Technologies, Inc. has announced the signing of a groundbreaking Power Purchase Agreement (PPA) with Electricité de France (EDF) for the development of a new geothermal power plant on the picturesque Island of Guadeloupe. This partnership marks a pivotal moment in the renewable energy sector, emphasizing the crucial role of geothermal energy in combating climate change and fostering global energy transition efforts. Driving Sustainable Energy Solutions Ormat Technologies, a leading renewable energy company with over five decades of experience, continues to spearhead innovation in the field of geothermal power generation. The new 10MW geothermal power plant will complement Ormat’s existing 15MW Bouillante geothermal power plant, consolidating its position as a key player in the renewable energy landscape. Harnessing t...

Ormat gets PPA for Expanded Geothermal Capacity at Puna, Hawaii Ormat Technologies, a leading renewable energy company, has achieved a significant milestone in its mission to provide clean and sustainable power to Hawaii's Big Island. Recently, the Hawai’i Public Utilities Commission (HPUC) granted approval for amendments to the Power Purchase Agreement (PPA), enabling Ormat's subsidiary, Puna Geothermal Venture (PGV), to deliver an additional 8 MW of geothermal energy to the region. This expansion brings the total geothermal capacity at Puna to 46 MW, reinforcing Hawaii's commitment to renewable energy initiatives. The approval from HPUC comes on the heels of the successful completion of the Environmental Impact Statement (EIS) for PGV's operations in Puna, underscoring the company's dedication to environmental stewardship and compliance with regulatory standards. One of the key highlights of the newly revised PPA is the consolidation of two existing agreements int...

From Barrels To Steam, How Oil and Gas ⛽ Companies are Craving for More Steam In a bold move towards sustainability and diversification, several major oil and gas companies are shifting their focus towards geothermal energy. This strategic shift signifies not only a response to the growing demand for clean energy but also a recognition of the potential of geothermal resources as a reliable and renewable energy source. Let's delve into the recent developments and initiatives taken by key players in the oil and gas industry towards embracing geothermal energy: ExxonMobil's Exploration into Enhanced Geothermal Systems (EGS) ExxonMobil's Chairman and CEO, Darrel Woods, recently hinted at the company's interest in Enhanced Geothermal Systems (EGS). This technology involves drilling deep into the earth's crust to access heat reservoirs and utilizing hydraulic fracturing techniques to enhance heat extraction. By leveraging their expertise in drilling and reservoir engineer...

 Maximizing Renewable Energy: Ormat's Integration of ORC Power Plants with Solar PVs and Energy Storage Units In the pursuit of sustainable energy solutions, Ormat Technologies has emerged as a pioneering force, pushing the boundaries of innovation in renewable energy integration. Among its groundbreaking endeavors is the fusion of Organic Rankine Cycle (ORC) power plants with solar photovoltaic (PV) systems and energy storage units, ushering in a new era of hybridized power generation. Harnessing the Power of ORC Technology: At the heart of Ormat's hybrid approach lies the Organic Rankine Cycle, a thermodynamic process that converts heat into mechanical energy and, ultimately, electricity. ORC systems are renowned for their versatility, capable of utilizing various heat sources, including geothermal, biomass, and industrial waste heat, to generate clean electricity efficiently. Ormat's expertise in ORC technology forms the foundation for its hybrid power plants, providing ...