Alphaxioms Geothermal News and Related Research Globally

Sage Geosystems and Meta Unveil a Groundbreaking Geothermal Power Partnership: A New Era of Clean Energy Innovation By: Robert Buluma In an unprecedented move that promises to reshape the landscape of renewable energy in the United States, Sage Geosystems (Sage) and Meta Platforms, Inc. (Meta) have announced a pioneering agreement to harness the power of next-generation geothermal energy. This partnership, revealed at the U.S. Department of Energy’s (DOE) Catalyzing Next Generation Geothermal Development Workshop, marks the first implementation of advanced geothermal power east of the Rocky Mountains—a milestone that could catalyze a seismic shift in how we meet our growing energy demands. The deal between Sage and Meta, which aims to deliver up to 150 MW of new geothermal baseload power to support Meta’s rapidly expanding data centers, is more than just a business agreement. It is a statement of intent, showcasing the critical role that clean, firm, and resilient power sources will pl

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

XGS Energy  Acquires Premier Geothermal Drilling Services Company Capuano Engineering By: Robert Buluma In a bold move set to redefine the geothermal energy landscape, XGS Energy has announced the acquisition of Capuano Engineering, a leading global player in geothermal drilling and completion services. This strategic acquisition positions XGS Energy to expand its innovative geothermal technology on a global scale, leveraging Capuano Engineering's extensive expertise and experience in the field. A Leap Forward in Geothermal Technology XGS Energy , based in Palo Alto, California, has been at the forefront of geothermal energy innovation. Their proprietary Thermal Reach Enhancement (TRE) system uses materials that are 50 times more thermally conductive than rock, enabling high-efficiency closed-loop geothermal systems. Unlike conventional geothermal technologies that require specific geological conditions and access to water reservoirs, XGS’s technology can be deployed anywhere, offe

Unleashing the Power Beneath: The Second-Round EGS Pilot Demonstrations By:  Robert Buluma image: wells of power at Kenyan Geothermal Field gushing steam Geothermal energy is a game-changer in the quest for sustainable and reliable energy sources. The U.S. Department of Energy (DOE) is pushing the boundaries of this potential through its Geothermal Technologies Office (GTO). With the second round of funding opportunities for Enhanced Geothermal Systems (EGS) pilot demonstrations, authorized under President Biden's Bipartisan Infrastructure Law, the future of geothermal energy looks brighter than ever. This initiative aims to catapult EGS into the mainstream, contributing significantly to the goal of a carbon pollution-free electricity system by 2035.  What Are Enhanced Geothermal Systems (EGS)? Enhanced Geothermal Systems (EGS) represent a cutting-edge approach to geothermal energy. Unlike traditional geothermal systems that rely on naturally occurring hydrothermal resources, EGS c

Unlocking Earth's Secret Power: Exploring the Potential of Geothermal Energy By: Robert Buluma In a world where the energy transition is gaining momentum, the quest for sustainable alternatives to fossil fuels has never been more crucial. Among the myriad of emerging solutions, one often overlooked yet immensely promising avenue is geothermal energy. This underdog in the renewables arena holds the key to unlocking Earth's secret power, and even industry giants like  Exxon are beginning to take notice. In an exclusive interview with Axios, Exxon CEO Darren Woods revealed the company's keen interest in the progression of geothermal technology. While  Exxon isn't currently actively pursuing geothermal ventures, Woods emphasized the potential alignment and synergies between geothermal energy and the company's existing expertise. With a cautious yet watchful eye,  Exxon recognizes the possibility of integrating geothermal energy into its portfolio, provided the right

Revolutionizing Energy: A Collaborative Journey Towards Advanced Clean Electricity By: Robert Buluma In a groundbreaking alliance, tech titans  Google and Microsoft , along with steel giant Nucor Corporation , have embarked on a mission to reshape the landscape of electricity generation. The trio is not merely envisioning a cleaner future but actively spearheading initiatives to accelerate the development and adoption of advanced clean electricity technologies. At the core of this ambitious endeavor lies a profound understanding: the transition to a sustainable energy future demands more than just conventional renewables like wind and solar. To effectively combat climate change and meet the soaring global energy demand, a diverse portfolio of cutting-edge solutions is imperative. This is where advanced clean electricity technologies come into play. The International Energy Agency (IEA) underscores the critical role of these technologies in decarbonizing grids and ensuring energy securi

Unleashing the Power: Next Generation Geothermal Energy Ventures By: Robert Buluma In the ever-evolving landscape of renewable energy, one path is gaining significant traction for its promise of clean, reliable, and economically viable power generation: next-generation geothermal energy ventures. These ventures represent not just a step, but a leap towards a future where sustainable energy sources dominate the market, and the status quo of traditional geothermal power is challenged. Let's embark on a journey through the pathways to commercial lift-off of these groundbreaking ventures and explore how they are reshaping the energy sector. Clean, Flexible, and Firm: Unlike some renewable sources, such as solar and wind, which are intermittent and weather-dependent, next-generation geothermal power offers consistent and reliable energy production. With minimal environmental footprint and no fuel costs, it stands out as a clean energy solution capable of meeting base-load power demands

 Unveiling Indonesia's Geothermal Potential: A Powerhouse Partnership Igniting Sustainable Energy Solutions By: Robert Buluma In the heart of Southeast Asia lies a land of untapped energy potential, where the earth's heat silently beckons to be harnessed for the greater good. Indonesia, known for its rich natural landscapes, is now stepping into the spotlight of sustainable energy with a groundbreaking collaboration between Ignis H2 Energy and Imeco Inter Sarana. Picture this: a strategic partnership fueled by innovation and expertise, aimed at unlocking the vast geothermal opportunities nestled within Indonesia's diverse terrain. Ignis H2 Energy, a Houston-based pioneer in geothermal exploration, joins forces with Jakarta's own Imeco Inter Sarana, a powerhouse in local capabilities and market knowledge. Together, they embark on a mission to fast-track the development of geothermal resources, paving the way for a greener, more sustainable future. What makes this partner

KenGen Embraces Greenfire Closed-Loop Technology: A Leap Towards Sustainable Energy in Kenya By: Robert Buluma The Carlifornia Geysers where Greenfire Energy closed loop it's steam dominated green technology image by Calpine Corporation  In a groundbreaking move towards sustainability, KenGen, Kenya's leading energy producer, recently embarked on a journey of innovation by implementing Greenfire closed-loop technology in its fields. This transformative step signifies a pivotal moment in Kenya's energy landscape, promising not only increased efficiency but also a significant reduction in environmental impact. Nestled within the heart of Oklahoma City lies the Baker Hughes innovation center, where KenGen's executives recently embarked on a journey of discovery. Amidst the cutting-edge technology and groundbreaking innovations, they found the answer to their quest for a sustainable future: Greenfire closed-loop technology. Image: Rob Wenner, Sam Sainju and the KenGen team

Harnessing Heat: Central Begins Construction on New Complex, Taking Big Steps Toward Carbon-Neutral Future. By :  Robert Buluma Crews at Central Washington University (CWU) are ushering in a new era of sustainability as construction kicks off at the North Academic Complex site. This groundbreaking project marks a significant stride towards achieving a carbon-neutral campus, setting a precedent for environmental stewardship in Washington state. The centerpiece of the complex is a pioneering geothermal well designed to tap into the renewable heat of the Ellensburg Aquifer. Working in tandem with the GeoEco Plant, this innovative system will provide heating and cooling for the complex and other facilities on the north campus. Led by the Capital Planning and Projects team, students from the Construction Management and Geology departments were treated to an exclusive tour, offering a glimpse into the future of sustainable infrastructure. As construction progresses, Garco Construction and Ci

U.S. and Iceland Forge Renewable Energy Partnership: A Geothermal Odyssey By : Robert Buluma In a landmark move towards bolstering renewable energy collaborations, the United States Secretary of Energy, Jennifer Granholm, recently engaged in bilateral discussions with her Icelandic counterpart, Gudlaugur Thór Thórdarson. The talks, centered around the potential for collaboration in renewable energy initiatives, particularly in the realm of geothermal energy, underscored a shared commitment to sustainable development and combating climate change. The meeting, which took place against the backdrop of the stunning Icelandic landscape, included a visit to the Hellsheidi Geothermal Power Plant—a testament to Iceland's pioneering efforts in harnessing geothermal energy for power generation and heating. With Iceland already boasting a remarkable achievement of powering the entire nation with 100% renewable energy, including heating derived predominantly from geothermal sources, the discus

 Exploring the Future of Geothermal Energy: The Geothermal Collegiate Competition The Geothermal Collegiate Competition (GCC), an initiative by the U.S. Department of Energy's Geothermal Technologies Office (GTO), has been paving the way for innovative geothermal solutions while fostering the talents of students from collegiate institutions across the nation. This annual competition not only offers cash prizes but also provides invaluable industry experience, networking opportunities, and a chance to contribute to the clean energy transition. Empowering Students for a Sustainable Future The GCC serves as a platform for students from diverse academic backgrounds to engage with real-world challenges in the renewable energy sector. Whether majoring in engineering, economics, environmental science, or any other field, students are encouraged to participate and apply their skills to develop geothermal solutions. This hands-on experience not only enriches their academic journey but also

 Sage Geosystems Raises $17 Million in Series A, Announces World’s First Commercial Geopressured Geothermal System (GGS) Facility February 15, 2024 09:00 AM Eastern Standard Time Houston, TX—In a groundbreaking move towards sustainable energy solutions, Sage Geosystems proudly announced today the successful closure of its Series A funding, securing an impressive $17 million. This landmark achievement was led by Chesapeake Energy Corporation (NASDAQ: CHK) alongside notable technology investor Arch Meredith, Helium-3 Ventures, and with continued support from existing investors Virya, LLC, Nabors Industries Ltd., and Ignis Energy Inc. The funds from this Series A round will be instrumental in realizing the vision of Sage Geosystems: the creation of the world’s first commercial Geopressured Geothermal System (GGS) facility. Named EarthStore™, this innovative facility will harness the power of pressurized water stored deep underground to generate renewable energy. The 3MW EarthStore™ facili

Biden Administration Invests $60M in Geothermal Energy Projects In a significant move towards combating climate change and promoting renewable energy, the Biden administration has allocated $60 million towards three geothermal energy pilot projects. Geothermal energy harnesses the heat from the Earth's core, providing a carbon-free source of power that doesn't emit greenhouse gases. This investment aims to demonstrate the viability of utilizing geothermal energy on a larger scale, paving the way for cleaner and more sustainable energy solutions. Details of the Projects: The three projects selected to receive federal funding are diverse in location and scope. The Chevron New Energies project in California, the Fervo Energy project in Utah, and the Mazama Energy project in Oregon will each play a crucial role in showcasing the effectiveness of geothermal energy from man-made reservoirs. These initiatives are not only aimed at generating electricity but also at providing heat for

Harnessing Geothermal Energy: A Sustainable Solution for Manitoba's Heating Needs In the heart of Canada's prairie province of Manitoba, a quiet revolution is brewing in the realm of energy sustainability. As concerns over climate change escalate and the need for eco-friendly alternatives intensifies, Manitoba's Climate Action Team (CAT) is leading the charge for a greener future by advocating for the widespread adoption of geothermal heating systems. The Case for Geothermal Energy At the forefront of this movement is the recognition that traditional heating methods, such as natural gas, are no longer viable in the face of a rapidly changing climate. With winters becoming harsher and energy demands soaring, Manitoba Hydro faces the challenge of meeting the province's heating needs sustainably. Enter geothermal energy – a renewable and carbon-free solution that harnesses the Earth's natural heat to provide warmth year-round. Unlike fossil fuels, geothermal energy emi

  Embracing Geothermal Energy: Miami University's Sustainable Campus Transformation Miami University of Ohio is leading the charge in sustainable campus initiatives with its groundbreaking project to harness geothermal energy for heating and cooling systems. This ambitious endeavor marks a significant step towards reducing the university's carbon footprint and transitioning away from fossil fuel dependency. With a history dating back 215 years, Miami University has long been committed to academic excellence and now, it is equally dedicated to environmental stewardship. The decision to tap into geothermal energy reflects the institution's proactive approach to addressing climate change and embracing renewable energy solutions. The project involves drilling more than 500 wells, each nearly 850 feet deep, to access the earth's geothermal energy. By tapping into this natural heat source, the university aims to replace its fossil-powered steam systems with carbon-neutral ene

Unveiling Colorado's Geothermal Potential: Teverra Awarded Statewide Study Colorado, renowned for its stunning landscapes and progressive energy initiatives, is now embarking on a new frontier in renewable energy exploration. With a rich history in mining and hydrocarbon production, alongside recent strides in wind and solar power, Colorado is now turning its attention to geothermal energy. Teverra, a pioneering clean energy company based in Atlanta, has been awarded a groundbreaking contract by the Colorado Energy and Carbon Management Commission (ECMC) to conduct a comprehensive geothermal evaluation across the state. Exploring Geothermal Opportunities: The initiative aims to assess and quantify Colorado's geothermal resources, leveraging Teverra's expertise in subsurface solutions and advanced geomechanics. Joseph Batir, Geothermal Lead at Teverra, expresses enthusiasm for the project, emphasizing its potential to contribute to Colorado's energy legacy while advancin

From Barrels To Steam, How Oil and Gas ⛽ Companies are Craving for More Steam In a bold move towards sustainability and diversification, several major oil and gas companies are shifting their focus towards geothermal energy. This strategic shift signifies not only a response to the growing demand for clean energy but also a recognition of the potential of geothermal resources as a reliable and renewable energy source. Let's delve into the recent developments and initiatives taken by key players in the oil and gas industry towards embracing geothermal energy: ExxonMobil's Exploration into Enhanced Geothermal Systems (EGS) ExxonMobil's Chairman and CEO, Darrel Woods, recently hinted at the company's interest in Enhanced Geothermal Systems (EGS). This technology involves drilling deep into the earth's crust to access heat reservoirs and utilizing hydraulic fracturing techniques to enhance heat extraction. By leveraging their expertise in drilling and reservoir engineer