A groundbreaking partnership to commercialize Enhanced Geothermal Systems (EGS) and redefine clean energy for the AI era By:  Robert Buluma In a major leap for global clean energy innovation, SLB  (NYSE: SLB) and Ormat  Technologies (NYSE: ORA) have announced a strategic partnership aimed at fast-tracking the development and deployment of integrated geothermal assets , including Enhanced Geothermal Systems (EGS)   the next frontier in geothermal technology. Unveiled on October 27, 2025 , this collaboration brings together SLB’s deep expertise in subsurface engineering and well construction with Ormat’s six-decade legacy in geothermal power plant development and operations . The goal? To unlock the Earth’s untapped heat potential and make geothermal energy accessible far beyond conventional hydrothermal hotspots. 🔥 The Future of Geothermal: Enhanced Geothermal Systems (EGS) Traditional geothermal relies on naturally occurring steam or hot water reservoirs. E...

The Philippines’ geothermal pioneer, Energy Development Corporation (EDC) , is once again making headlines — not for launching something new, but for giving new meaning to what already exists.  By:  Robert Buluma The company has announced plans to repurpose its iconic 129-megawatt Upper Mahiao Geothermal Power Plant in Kananga, Leyte — a facility that has faithfully served the nation for nearly three decades. After reaching the end of its operational lifespan, the plant — once a symbol of the country’s energy independence — now stands at the cusp of transformation. EDC Vice-President Ryan Z. Velasco confirmed that the company will conduct site feasibility studies to explore various options, including potential repurposing or redevelopment of the area. End of an Era, Start of a New Chapter The Upper Mahiao Power Plant began commercial operations in 1996 under the build-operate-transfer (BOT) scheme — a pioneering model at the time. EDC took over the project in 2006, seaml...