Alphaxioms Geothermal News and Related Research Globally

Turkana County Government and Geothermal Development Company Sign Collaborative Framework Agreement for Geothermal Development By : Robert Buluma In an exciting development for the region, the Turkana County Government and the Geothermal Development Company  GDC have signed a groundbreaking Collaborative Framework Agreement (CFA). The agreement marks a major milestone in the pursuit of harnessing Turkana County’s geothermal potential, opening doors to significant economic growth and opportunities for the local community. Key Areas of Collaboration The CFA outlines several strategic areas where both parties will collaborate to unlock the full potential of Turkana's geothermal resources. These key points include: Joint Marketing of Geothermal Opportunities : Both parties will work together to promote and market geothermal opportunities in the region to attract investment and expertise. Collaboration in Scientific Surface Studies : A strong focus will be placed on conducting in-d...

Fervo Energy  Secures $255 Million to Power the Next Generation of Geothermal Energy Robert Buluma As the global push for sustainable energy solutions intensifies,  Fervo Energy has emerged as a trailblazer in revolutionizing geothermal technology. On December 19, 2024, Fervo announced a monumental achievement—securing $255 million in funding to accelerate the development of its enhanced geothermal systems (EGS). This groundbreaking initiative positions Fervo as a leader in the race to meet the soaring demand for 24/7 carbon-free energy.  A Leap Towards Energy Innovation   The funding includes $135 million in corporate equity, spearheaded by Capricorn’s Technology Impact Fund II, alongside investments from esteemed entities like Breakthrough Energy Ventures and CPP Investments. A $120 million credit facility from Mercuria further bolsters Fervo’s financial foundation, ensuring the rapid deployment of EGS projects across the United States.   Fervo ...

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...

GDC Partners with EGENCO to Unveil Malawi's Geothermal Potential: A New Era in Energy Exploration By: Robert Buluma In a significant move towards diversifying Malawi's energy portfolio, the Geothermal Development Company (GDC) has joined forces with the Electricity Generation Company of Malawi (EGENCO) to explore the untapped geothermal resources within the Rift Valley. This partnership marks a pivotal moment in the country's energy landscape, bringing with it the promise of a sustainable and reliable power source derived from the earth's natural heat. Malawi's geothermal potential has long been hinted at by the presence of hot springs scattered throughout the Rift Valley, with temperatures ranging from 35 to 75 degrees Celsius. These natural indicators of geothermal activity have piqued the interest of energy experts and scientists, but it wasn't until 2023 that concrete steps were taken towards harnessing this potential. Now, under the guidance of Dr. Maxon Ch...

Pioneering Energy Innovation: Exergy and PT PLN Indonesia Forge a Groundbreaking Partnership By: Robert Buluma In a world increasingly driven by the urgency of climate action, Exergy and PT PLN Indonesia have embarked on a visionary partnership that promises to redefine energy efficiency in the region. This collaboration, centered on the innovative use of waste heat recovery (WHR) technology, is not just another step in the evolution of sustainable energy—it’s a leap. Imagine harnessing the heat typically lost in power generation and converting it into something truly valuable: electricity. This is precisely what Exergy's state-of-the-art Organic Rankine Cycle (ORC) systems are designed to do. By capturing waste heat from gas turbines and engines, these systems can transform what would have been wasted energy into a powerful resource, reducing the need for fossil fuels and cutting down on harmful emissions. But this partnership is about more than just technology—it's about the ...

Sage Geosystems and Meta Unveil a Groundbreaking Geothermal Power Partnership: A New Era of Clean Energy Innovation By: Robert Buluma In an unprecedented move that promises to reshape the landscape of renewable energy in the United States, Sage Geosystems (Sage) and Meta Platforms, Inc. (Meta) have announced a pioneering agreement to harness the power of next-generation geothermal energy. This partnership, revealed at the U.S. Department of Energy’s (DOE) Catalyzing Next Generation Geothermal Development Workshop, marks the first implementation of advanced geothermal power east of the Rocky Mountains—a milestone that could catalyze a seismic shift in how we meet our growing energy demands. The deal between Sage and Meta, which aims to deliver up to 150 MW of new geothermal baseload power to support Meta’s rapidly expanding data centers, is more than just a business agreement. It is a statement of intent, showcasing the critical role that clean, firm, and resilient power sources will pl...

Sage Geosystems Inc. and San Miguel Electric Cooperative: A Revolutionary Partnership in Geothermal Energy Storage By: Robert Buluma In a groundbreaking move that could redefine the future of sustainable energy, Sage Geosystems Inc. has announced its partnership with San Miguel Electric Cooperative, Inc. (SMECI) to build the world’s first Geopressured Geothermal System (GGS) in Christine, Texas. This 3MW EarthStore™ energy storage facility is poised to make history as it becomes the first of its kind to supply geothermal energy storage to the ERCOT grid, marking a significant advancement in the quest for reliable, renewable energy. A New Era of Energy Storage The significance of this project cannot be overstated. As renewable energy sources like wind and solar continue to expand, the need for dependable, long-duration energy storage solutions becomes increasingly urgent. Sage’s EarthStore™ technology answers this call, offering a revolutionary system that taps into the earth’s natural ...

Geothermal Exploration Opportunities in Central Sulawesi: The Bora Pulu Area By:  Robert Buluma The Ministry of Energy and Mineral Resources  ESDM has recently announced the opening of a tender for a geothermal exploration area in the Bora Pulu region, located in Sigi Regency and Palu City, Central Sulawesi. This is a significant opportunity for business entities engaged in the geothermal sector, offering a potential 52 MWe of geothermal reserves over an extensive area of 78,388 hectares. The Bora Pulu Geothermal WPSPE The geothermal Preliminary Survey and Exploration Assignment Area (WPSPE) named Bora Pulu represents a promising site for energy developers. The area is strategically located in Central Sulawesi, a region known for its geothermal potential. With possible reserves estimated at 52 MWe, this project could be a significant contributor to Indonesia's renewable energy goal Who Can Participate? The tender is open to business entities with experience in geothermal ener...

Exergy  and  Rentco Ignite a Geothermal Revolution in Olkaria: A New Era for Clean Energy in Africa By: Robert Buluma In a groundbreaking move set to redefine Kenya's geothermal landscape,  Exergy and  Rentco have inked a cooperation agreement to turbocharge the Olkaria Geothermal Field with an additional 67 MWe capacity. This ambitious project promises not just incremental gains, but a seismic shift in the region's energy dynamics, signaling a bold new chapter in Africa's clean energy saga. Exergy , renowned for its cutting-edge technology and robust portfolio boasting 500 MW capacity, will supply 8 Organic Rankine Cycle (ORC) power plants, contributing approximately 30 MWe to the project. These ORC plants are part of Rentco 's geothermal wellhead projects in Olkaria, designed to harness both flash and ORC systems, optimizing energy extraction from geothermal resources. The strategic deployment of Exergy’s highly efficient Radial Outflow Turbine (ROT) technology ...

GA Drilling  and  Petrobras Join Forces to Revolutionize Deep Drilling Efficiency By: Robert Buluma In an era where technological advancements are redefining industries, the recent collaboration between  GA Drilling and  Petrobras marks a significant milestone in the energy sector. Announced on July 25, 2024, this partnership is set to transform the landscape of deep drilling, bringing unprecedented efficiency and cost reduction to the forefront. A Game-Changing Partnership GA Drilling , a leader in drilling innovations, has teamed up with Petrobras , one of the world's largest energy companies, to develop a next-generation downhole drilling system. This collaboration, involving Petrobras' renowned research and innovation center, Cenpes, promises to de-risk ultra-deep drilling while enhancing speed and extending tool life. Cutting-Edge Technology At the heart of this partnership lies  GA Drilling pioneering downhole anchoring and drive system. This technolog...

XGS Energy  Acquires Premier Geothermal Drilling Services Company Capuano Engineering By: Robert Buluma In a bold move set to redefine the geothermal energy landscape, XGS Energy has announced the acquisition of Capuano Engineering, a leading global player in geothermal drilling and completion services. This strategic acquisition positions XGS Energy to expand its innovative geothermal technology on a global scale, leveraging Capuano Engineering's extensive expertise and experience in the field. A Leap Forward in Geothermal Technology XGS Energy , based in Palo Alto, California, has been at the forefront of geothermal energy innovation. Their proprietary Thermal Reach Enhancement (TRE) system uses materials that are 50 times more thermally conductive than rock, enabling high-efficiency closed-loop geothermal systems. Unlike conventional geothermal technologies that require specific geological conditions and access to water reservoirs, XGS’s technology can be deployed anywhere, offe...

Exploring a Greener Future: CU Boulder and Eavor Technologies Partner for Geothermal Energy Breakthrough By: Robert Buluma Boulder, CO -  — In a pioneering move towards sustainable energy, the University of Colorado Boulder (CU Boulder) has been awarded nearly $700,000 through the Colorado Energy Office's Geothermal Energy Grant Program (GEGP).  This funding, announced by Governor Jared Polis in Pueblo, will support cutting-edge studies aimed at harnessing geothermal energy to reduce the university’s greenhouse gas emissions and energy costs. Eavor Technologies, a trailblazer in geothermal technology, joins CU Boulder in this ambitious endeavor. Their collaboration aims to explore the potential of geothermal energy to slash the university’s Scope 1 and 2 GHG emissions while providing a reliable, renewable energy source. "We are excited to contribute our expertise on geothermal to CU Boulder’s geothermal studies," said Jeanine Vany, Eavor co-founder and executive vice pres...

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...

ON Power and Iceland Drilling Company Forge Path to a Sustainable Future in Hengill By: Robert Buluma Image: Iceland,Gunnhover Geothermal Area In a bold stride towards sustainable energy, ON Power has teamed up with Iceland Drilling Company to undertake a monumental project set to transform the Hengill area. This groundbreaking initiative will see Iceland Drilling Company drill eight production wells for ON Power between 2025 and 2027, a venture that promises to bolster Iceland's reputation as a leader in renewable energy. Árni Hrannar Haraldsson, the visionary CEO of ON Power, couldn't contain his enthusiasm as he spoke about the project. "It's crucial to harness the power of ON Power," he remarked, "Our resilience in producing hot water and electricity has been a cornerstone of our success, and this project will only enhance our capabilities." His confidence is rooted in ON Power's proven track record of sustainable energy production, a testament t...

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...

KenGen Unveils Ambitious Plan to Revamp Oldest Geothermal Power Plant, Paving the Way for a Greener Future By: Robert Buluma In a groundbreaking move towards bolstering Kenya's renewable energy sector, the Kenya Electricity Generating Company PLC (KenGen) has announced a landmark initiative to upgrade the country's oldest geothermal power plant. Set against the backdrop of a burgeoning global push towards sustainable energy solutions, this endeavor marks a pivotal moment in Kenya's journey towards a greener, more environmentally conscious future. The Olkaria I geothermal power plant, a venerable institution in Kenya's energy landscape, is poised to undergo a transformative overhaul aimed at enhancing its operational efficiency and significantly boosting its electricity generation capacity. KenGen's ambitious vision entails elevating the plant's output from its current 45MW to a robust 63MW, representing a remarkable stride towards meeting the nation's escala...