Alphaxioms Geothermal News and Related Research Globally

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

Baseload Capital Secures €53M in Series B Funding: A Major Leap for Geothermal Energy In a powerful stride towards revolutionizing the global energy landscape, Baseload Capital Sweden AB has successfully closed a €53 million Series B funding round. This monumental achievement signals a significant leap in scaling up geothermal energy—one of the world’s largest untapped and sustainable energy resources. The Power Behind the Funding Leading the charge in this Series B round is ENGF, a distinguished infrastructure fund backed by Ingka Investments, the financial powerhouse of the Ingka Group, the largest IKEA retailer. The round also attracted investments from energy technology giant Baker Hughes, Nefco, Breakthrough Energy Ventures, and Gullspång Invest. This robust investment lineup underscores the growing confidence in Baseload Capital's vision to unlock the geothermal energy sector's potential on a global scale. A Vision to Transform the Energy Sector Baseload Capital is not ju

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