Chevron seeks buyer for Lampung geothermal stake Chevron is reportedly looking for a buyer for its stake in the Lampung geothermal project, a move that could reshape one of Indonesia’s more closely watched geothermal developments. The asset is tied to PT Cahaya Anagata Energy, the joint venture formed by Chevron and Pertamina Geothermal Energy to develop the Way Ratai geothermal working area in Lampung. That headline matters because Lampung is not just another exploration block. It sits inside Indonesia’s wider push to expand geothermal power, one of the country’s most important clean-energy resources, while also reflecting Chevron’s long-running pattern of portfolio rotation in the geothermal sector. Why the Lampung asset matters The project in question is the Way Ratai geothermal working area in Lampung, where Chevron and Pertamina Geothermal Energy agreed to cooperate through a new local entity. Pertamina Geothermal Energy’s project page identifies the site as Wai Ratai, reinforci...
KAEC and Strataphy Forge a Path to Sustainable Urban Cooling: A Landmark Partnership in Geothermal Innovation By: Robert Buluma In a significant step forward for sustainable urban development in Saudi Arabia, Emaar, The Economic City (KAEC ) has signed a strategic Memorandum of Understanding (MoU) with Strataphy, a leading Saudi deep-tech startup specializing in geothermal cooling solutions. Announced recently, this collaboration aims to explore the large-scale deployment of advanced geothermal cooling technologies across KAEC’s expansive facilities and tenant ecosystem. The partnership focuses on introducing innovative “Cooling as a Service” models that promise to enhance operational efficiency, dramatically reduce energy consumption, lower carbon emissions, and support scalable, future-ready infrastructure. This initiative aligns closely with Saudi Arabia’s Vision 2030 sustainability goals and the broader Saudi Green Initiative. King Abdullah Economic City: The Foundation for...