Alphaxioms Geothermal News and Related Research Globally

Sage Geosystems Inc. and San Miguel Electric Cooperative: A Revolutionary Partnership in Geothermal Energy Storage By: Robert Buluma In a groundbreaking move that could redefine the future of sustainable energy, Sage Geosystems Inc. has announced its partnership with San Miguel Electric Cooperative, Inc. (SMECI) to build the world’s first Geopressured Geothermal System (GGS) in Christine, Texas. This 3MW EarthStore™ energy storage facility is poised to make history as it becomes the first of its kind to supply geothermal energy storage to the ERCOT grid, marking a significant advancement in the quest for reliable, renewable energy. A New Era of Energy Storage The significance of this project cannot be overstated. As renewable energy sources like wind and solar continue to expand, the need for dependable, long-duration energy storage solutions becomes increasingly urgent. Sage’s EarthStore™ technology answers this call, offering a revolutionary system that taps into the earth’s natural

"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'

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

Geothermal Energy Insights Unlocking Opportunities: Geothermal Sector Embraces Expanded Tax Credits By:  Robert Buluma The recent release of final rules by the Dept. of the Treasury and the Internal Revenue Service (IRS) on key provisions within the Inflation Reduction Act (IRA) marks a significant stride forward for the geothermal energy sector. These regulatory changes not only signify a shift in the financial landscape but also present unprecedented opportunities for the advancement of geothermal energy projects. The Inflation Reduction Act introduces two groundbreaking mechanisms - elective pay (or "direct pay") and transferability - aimed at extending the reach of tax credits to previously underserved sectors, including geothermal energy. For years, the geothermal sector has faced challenges in accessing adequate financial support due to limited tax incentives. However, with the IRA's provisions, geothermal projects can now tap into crucial financial assistance, driv

Idaho National Laboratory Opens Doors for Private Geothermal Energy Development: A Historic Opportunity By : Robert Buluma The Idaho National Laboratory (INL), a significant site identified under the U.S. Department of Energy's "Cleanup to Clean Energy" initiative, is making history by inviting private developers to lease 2,500 acres of its land for clean energy projects. This marks the first time in 75 years that the INL has opened its doors for private development, showcasing a pivotal shift towards leveraging federal lands for renewable energy generation. The initiative, spearheaded by the DOE and supported by President Biden's ambitious climate goals, aims to repurpose former nuclear sites into hubs for clean energy innovation. With INL's participation, this vision takes a significant step forward, offering a unique opportunity for private entities to contribute to the nation's clean energy transition. The INL's decision to release a Request for Propos

 Primeval Energy Ltd Partners with Ignis H2 Energy Inc: A Leap towards Sustainable Geothermal Power By  Robert Buluma In a groundbreaking move towards sustainable energy solutions, Primeval Energy Ltd has forged a strategic partnership with Ignis H2 Energy Inc. This collaboration heralds a new era of innovation and progress in the realm of geothermal power production. With Primeval's expertise in subsurface and wells coupled with Ignis's vision for advancing geothermal opportunities, this partnership promises to reshape the landscape of renewable energy. At the forefront of this venture is Andy Wood, the CEO of Primeval Energy Ltd, whose extensive experience in both geothermal and oil and gas industries brings a unique perspective to the table. With a keen eye for field evaluation and management, coupled with technology prowess, Wood's leadership ensures that Primeval can accurately assess the potential of assets and determine the most effective technologies to deploy. &quo