Alphaxioms Geothermal News and Related Research Globally

Mexico’s Energy Reform: A Climate Scientist’s Vision for Geothermal and Renewables By: Robert Buluma The president of Mexico Mexico is on the brink of a transformative energy shift under the leadership of President Claudia Sheinbaum, a renowned climate scientist. Her administration has introduced an ambitious energy reform aimed at redefining the country’s approach to power generation, prioritizing energy sovereignty, sustainability, and an accelerated transition to renewable sources particularly geothermal energy. France also is amongst the many countries which have taken a leap to revamp their Geothermal A Reform to Reshape Mexico’s Energy Landscape The initiative, presented to the Senate, seeks to restructure the Federal Electricity Commission (CFE), Petróleos Mexicanos (PEMEX), and other key energy institutions. The goal is clear: to ensure Mexico’s energy security while reducing reliance on fossil fuels by expanding investment in cleaner, more sustainable sources like geothermal p...

Unlocking Bosnia and Herzegovina’s Geothermal Potential: A Golden Opportunity for Experts   By: Robert Buluma The global push for sustainable energy has ignited interest in geothermal resources, and Bosnia and Herzegovina (BiH) is the latest country stepping up to explore its underground energy reserves. The United Nations Development Programme (UNDP) has announced a Request for Proposal (RFP) for the Development of a Study on the Geothermal Potential of the Federation of Bosnia and Herzegovina (FBiH). This presents a lucrative opportunity for geothermal experts, energy consultants, and research institutions to shape the future of renewable energy in the region.   This is not the 80's when Geothermal Energy was being taxed as if it did not mean something, things have changed and it is getting similar incentives as other Renewables. What’s the Deal?   Published on January 29, 2025, this tender (Reference Number: UNDP-BIH-01166) seeks to assess, analyze, and ...

Archbishop Paul Boedhie Kleden Opposes Geothermal Projects on Flores Island By:  Robert Buluma image of Pope Francis waving at congregates The lush landscapes of Flores Island, Indonesia, known for its vibrant Catholic population and rich agricultural traditions, have recently become a battleground over environmental and social concerns. Archbishop Paul Boedhie Kleden of Ende Diocese has openly opposed geothermal power plant projects in the region, raising significant questions about the balance between renewable energy initiatives and their local impact. In a video message, the archbishop firmly rejected geothermal projects planned within his pastoral territories, citing widespread community opposition and environmental degradation. His stance is a historic first for an Indonesian Church leader openly challenging mining-related energy developments, signaling growing concerns about how such projects impact the livelihoods of local communities. The Concerns Flores Island, offici...

Geothermal Energy in the US: A Clean Energy Powerhouse with Tax Incentive Parity By:  Robert Buluma Image credit; Terry Rodgers on LinkedIn The global shift toward renewable energy is rapidly evolving, with geothermal energy finally stepping into the spotlight as a clean, reliable, and sustainable power source. In the United States, a significant leap was taken to elevate geothermal's prominence alongside other renewable energy sources, such as wind and solar, through expanded tax incentives under the Inflation Reduction Act of 2022 (IRA).   This tax incentives will help companies like Eavor to go beyond what they unleashed in the previous year. This move marks a pivotal moment for geothermal energy, aligning it with the same 30% tax credit offered to wind and solar projects. The newfound parity demonstrates the Biden administration's commitment to an inclusive approach to tackling climate change. Geothermal, with its ability to provide consistent, baseload energy, offers...

Biden Administration to Boost Geothermal Energy for AI Growth By: Robert Buluma In a groundbreaking move, the Biden administration is set to unveil policies aimed at streamlining permitting processes for geothermal energy development. This effort is part of a broader executive order to bolster infrastructure for AI data centers, signaling the critical role of renewable energy in shaping the future of artificial intelligence.  The proposed measures, expected to be published within a week, highlight the urgency of accelerating approvals for geothermal and nuclear energy projects. Central to the initiative is the establishment of geothermal energy priority zones and a competitive framework for companies to build data centers on federal land. These steps aim to meet the increasing energy demands of AI technologies, which are projected to double current electricity requirements. The Role of Geothermal Energy in AI Infrastructure Geothermal energy, with its low carbon footprint and relia...

Energy Permitting Legislation from Senators Manchin & Barrasso Will Advance Geothermal in US By: Robert Buluma Accelarated NEPA timelines In a significant step towards a cleaner energy future, the U.S. Senate has introduced the Energy Permitting Reform Act of 2024, a transformative piece of legislation that promises to revolutionize the geothermal energy sector. This landmark bill, incorporating crucial elements of the bipartisan Geothermal Energy Optimization (GEO) Act of 2024, aims to streamline the permitting process for geothermal projects, significantly accelerating their development across the country .  Eavor Technologies Inc., a leader in advanced geothermal solutions, has hailed this legislation as a major breakthrough. Jeanine Vany, Eavor's co-founder and executive vice president of corporate affairs, expressed enthusiastic support, highlighting how the bill will facilitate the deployment of Eavor's groundbreaking closed-loop geothermal technology. This innovative...

Breaking Down Barriers: The GEO Act Paves the Way for Geothermal Energy Revolution By: Robert Buluma In a bipartisan effort to revolutionize America's energy landscape, Senator Mike Lee, alongside Senators Martin Heinrich, James Risch, and Catherine Cortez Masto, has introduced the Geothermal Energy Optimization (GEO) Act. This groundbreaking legislation aims to accelerate the adoption of geothermal energy nationwide, unlocking its full potential as a clean, reliable, and versatile source of power. Geothermal energy holds the promise of complementing intermittent renewables like wind and solar, providing a stable source of baseload power. Unlike traditional perceptions that limit geothermal to hot regions, next-generation technologies can be deployed across a wider range of climates, offering a decentralized solution tailored to local energy demands. Moreover, geothermal energy isn't just about electricity generation; it's about creating new pathways to high-paying jobs, su...