Alphaxioms Geothermal News and Related Research Globally

Supreme Energy: Powering Indonesia’s Future with Geothermal Energy By: Robert Buluma Geothermal energy continues to gain traction in Indonesia as a sustainable and reliable energy source, thanks to visionary initiatives like those of Supreme Energy. Backed by an unwavering commitment to environmental sustainability and energy security, Supreme Energy has positioned itself as a leader in geothermal development across Indonesia. Powering Progress: The Landmark Power Purchase Agreement   In December 2012, Supreme Energy, in collaboration with Japan’s Marubeni and France’s GDF Suez, signed a groundbreaking Power Purchase Agreement (PPA) with Perusahaan Listrik Negara (PLN). This partnership set the stage for the development of the Rantau Dedap geothermal power plant in South Sumatra, a project worth $2.2 billion. The Rantau Dedap plant, with its planned two 110 MW generators, underscores Indonesia's ambition to harness its geothermal potential. Despite logistical challenges posed ...

Fervo Energy Secures Landmark 320 MW Power Purchase Agreements with Southern California Edison By: Robert Buluma In a move that underscores the growing demand for sustainable energy solutions, Fervo Energy, a pioneer in next-generation geothermal technology, has announced two monumental power purchase agreements (PPAs) with Southern California Edison (SCE). Totalling 320 MW, these agreements represent the world's largest geothermal PPAs to date, cementing geothermal energy's critical role in the transition to a cleaner energy future. A Milestone in Clean Energy Set against the backdrop of California's ambitious clean energy goals, the 15-year agreements will see SCE purchasing 24/7 carbon-free geothermal energy from Fervo's Cape Station project in southwest Utah. This power will serve approximately 350,000 homes across Southern California, bolstering the state's grid reliability with a steady supply of renewable energy. David Hochschild, Chair of the California Ener...

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...