Alphaxioms Geothermal News and Related Research Globally

Pioneering Renewable Energy: The Inauguration of a 28.9 MWe Binary Geothermal Plant in the Philippines By:  Teflon Don Image Credit: Turboden on Linkedin  Alphaxioms is a Total Nominee for this Years Startupper Challenge and Your Vote will make a Difference,Please Vote Brescia, Italy, July 16, 2024 — In a significant leap forward for sustainable energy, Turboden S.p.A., a Mitsubishi Heavy Industries (MHI) Group Company, proudly announced the successful operational launch of a groundbreaking 28.9 MWe geothermal power plant at the Energy Development Corporation’s (EDC) Palayan Bayan expansion project. This innovative plant, nestled within the Bacon-Manito geothermal facility on Luzon Island, is poised to reshape the landscape of renewable energy in the Philippines. The Palayan binary power plant marks a notable expansion of the existing 140-MW Bacon-Manito (BacMan) facility. Using cutting-edge Organic Rankine Cycle (ORC) technology, Turboden has harnessed waste heat from the 120...

Unlocking Green Energy: EDC P10-B Fixed Rate Bonds By: Robert Buluma Nearly 20 kilometres outside of the city of Ormoc, The Tongonan-1 geothermal power plant sits in mountainous Kananga, Leyte in the Philippines’ typhoon belt. Image: EDC In a resounding nod to the future of sustainable energy, the board of Energy Development Corp.  EDC has given the green light to a groundbreaking initiative. Picture this: P10 billion in fixed-rate bonds earmarked for propelling green energy projects forward. It's not just a financial maneuver; it's a commitment to a greener, cleaner tomorrow. The Rise of Green Bonds Lopez-led First Gen Corp. subsidiary,  EDC is at the forefront of this movement. Their P10-billion offering marks the second tranche of a larger P15-billion shelf-registered ASEAN green bonds. This isn't just about raising capital; it's about rallying investors behind a cause that transcends profit margins. The first tranche, a modest P5 billion, saw overwhelming demand,...

Embracing Sustainable Energy: EDC's Geothermal Power Supply to Bohol By  Robert Buluma In a significant stride towards sustainability, Bohol is set to experience a revolution in its energy landscape with the introduction of geothermal power supplied by Energy Development Corporation (EDC), a subsidiary of First Gen Corporation. This shift promises not just affordable electricity but also a greener future for the province and its residents. The decision to tap into geothermal energy stems from the commitment to reduce reliance on traditional fossil fuels like coal and diesel. With EDC's expertise in renewable energy, Bohol is poised to embrace a more environmentally friendly approach to power generation. Geothermal energy harnesses the natural heat from the Earth's core, providing a consistent and reliable source of power. Unlike coal or diesel, which are subject to fluctuating global market prices, geothermal energy offers stability in both production and cost. This stabili...

Driving Renewable Energy: Exergy's Third Repeat Order with EDC in the Philippines In a significant stride towards sustainable energy solutions, Exergy International and Energy Development Corporation (EDC) have joined forces once again for a groundbreaking geothermal project in the Philippines. The third repeat order marks a pivotal moment in the partnership's commitment to advancing renewable energy in the region. Situated in Bago City, Negros Occidental, the project entails the installation of a 5.6 MWe binary system designed to harness the immense potential of geothermal resources. By tapping into the high enthalpy steam and brine from the Bago field, this innovative power plant is set to generate clean and reliable electricity, contributing to the country's efforts in decarbonization and sustainable development. Exergy's cutting-edge technology lies at the heart of this initiative, with its highly efficient Radial Outflow turbine and water-cooled condensing system p...