Alphaxioms Geothermal News and Related Research Globally

The Ethics of Foreign Investment in African Geothermal Resources By:  Robert Buluma Beneath the surface of Africa lies a force powerful enough to revolutionize the continent's energy future: geothermal energy. With its promise of clean, sustainable, and reliable baseload power, geothermal is no longer just a hidden treasure it's a strategic resource. Yet, as the interest of foreign investors grows in the Rift Valley and beyond, so do the ethical questions. Are these investments empowering Africa or quietly replicating patterns of resource exploitation? This article delves deep into the ethical implications of foreign investment in Africa's geothermal sector. We explore case studies across the continent, highlight emerging concerns, and present a framework for ensuring that Africa benefits from its geothermal riches without surrendering control or sovereignty. The African Geothermal Boom: A Global Attraction Africa, particularly along the East African Rift System (EARS)...

In a bold and historic leap towards clean energy, Tenerife is gearing up for its first-ever geothermal drilling for energy production , thanks to a visionary collaboration led by Reykjavík Geothermal (RG) of Iceland and local energy giant DISA .  By:  Robert Buluma The project marks a seismic shift in how the Canary Islands approach renewable energy quite literally. As the autumn breeze begins to roll in over the volcanic landscapes of Tenerife, drilling rigs will roar to life , signaling the dawn of a geothermal revolution in the region. This isn’t just another renewable energy project  it’s the birth of an entirely new energy frontier , and Iceland is right at the helm. 🌍 A Northern Powerhouse in a Southern Paradise Renowned for harnessing its own geothermal resources with unmatched expertise, Iceland has long been the benchmark for clean, sustainable energy. Now, Reykjavík Geothermal is exporting that excellence to the Canary Islands through a trailblazing partner...

Norway Takes a Giant Leap in Geothermal Energy: Qheat and Dhans Drilling Join Forces By: Robert Buluma Norway is making bold strides in the geothermal energy sector, with a groundbreaking collaboration between Qheat and Dhans Drilling. The two companies have signed a Letter of Intent to develop the country’s deepest geothermal well, aiming to reach an unprecedented depth of 4 kilometers. This landmark project is set to revolutionize Norway’s energy landscape, paving the way for deep geothermal solutions that can provide sustainable heating solutions for generations to come. A Partnership to Unlock Geothermal Potential Qheat, a leader in geothermal simulations and coaxial well design, brings its cutting-edge technology and expertise to the project. Their proficiency in designing and stimulating geothermal wells ensures the optimization of underground heat extraction, maximizing the potential of this renewable energy source. Hans Rinde, CEO of Dhans Drilling, emphasized the critical role...

"Revolutionizing Energy: The Geothermal Breakthrough Shaking Up California" By : Robert Buluma In the sun-drenched landscapes of California, where solar panels gleam and wind turbines dance, a quiet revolution is underway, and it's not fueled by rays or gusts—it's powered by the Earth itself. Meet  XGS Energy, a trailblazing geothermal technology company on the brink of changing the energy game as we know it. With a recent infusion of USD 20 million in funding, they're poised to unleash their groundbreaking Thermal Reach Enhancement (TRE) technology onto the world stage, starting with a pioneering project right here in the Golden State. Imagine a future where clean, renewable energy flows effortlessly, not just when the sun shines or the wind blows, but around the clock, rain or shine. That's the promise of XGS ' innovative approach, tapping into the Earth's natural heat reservoirs to deliver a consistent, carbon-free energy supply. But this isn'...

Exploring the Future of Energy: Repsol's Geothermal and Hydrogen Ventures By: Robert Buluma In a world clamoring for cleaner and sustainable energy solutions, Repsol, the renowned energy giant, is stepping boldly into the future. With a vision firmly fixed on reducing carbon emissions and embracing renewable energy,  Repsol has birthed a new entity: Repsol Earth Solutions Holding SL. Led by the visionary Josu Jon Imaz, this venture signifies  Repsol commitment to exploring the vast potential of geothermal energy and hydrogen. But what makes geothermal energy so compelling? Imagine tapping into the Earth's natural heat, harnessing it to power our cities and industries without harming the environment. It's not just a dream; it's a reality  Repsol is actively pursuing. Geothermal energy, often overlooked, is a game-changer in the quest for sustainable power. From the volcanic landscapes of the Canary Islands to the bustling streets of Madrid,  Repsol is leading the c...

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,...

Unveiling a New Era: Ngā Tamariki Geothermal Station Expansion Underway! By: Robert Buluma In a symbolic gesture marked by the clinking of shovels against the earth, a new chapter in renewable energy dawned as the groundbreaking ceremony for the fifth generating unit at the Ngā Tamariki geothermal commenced. The air was filled with anticipation and reverence as representatives from Tauhara North 2 Trust , Tahu Ngati Whaoa , and their esteemed delivery partner, Ormat gathered to bless and celebrate this momentous occasion. At the heart of this expansion lies a profound commitment to sustainability and cultural preservation. Collaborating closely with their valued partners,  Tauhara North 2 Trust and the wider mana whenua Ngāti Tahu Ngati Whaoa ,They had meticulously crafted a plan that not only ensures the long-term health of the land but also honors its sacred significance as a taonga. The addition of this new unit marks a pivotal milestone in  Mercury ongoing mission to cha...

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...