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If You Had $1 Billion for Geothermal, Where Should You Invest?

Greece's Hidden Geothermal Goldmine: 14 New Fields Unlocked + Lesvos Power Plant on the Horizon

Greece is sitting on a hidden treasure trove right beneath its feet not gold or oil, but something far more sustainable and exciting: geothermal energy. By: Robert Buluma In mid-December 2025, the Ministry of Environment and Energy (ΥΠΕΝ) took a major step forward by publishing two key ministerial decisions that officially classify geothermal fields across the country. The first decision (ΥΠΕΝ/ΔΑΠ/142903/684, published in Government Gazette ΦΕΚ 7320/Β/2025) designates 14 geothermal fields of local interest, featuring temperatures ranging from 30°C to 90°C—perfect for direct-use applications like district heating, greenhouse agriculture, spa tourism, aquaculture, and even small-scale electricity generation. The second decision upgrades the Stypsi field on Lesvos to national interest status (based on updated data from ΔΕΗ Ανανεώσιμες), with temperatures exceeding 90°C and reservoir depths of 250–600 meters. This opens the door to larger-scale, high-enthalpy geothermal power production. W...

Iceland Volcano Erupts in a Fourth row Since December

Fiery Fury: Iceland's Volcanic Dance of Destruction By: Robert Buluma The gorgeous sky of Iceland, just Magnanimously lovely  The earth beneath our feet is alive, and nowhere is this more evident than in the volcanic heart of Iceland. In a mesmerizing display of nature's power, a volcano on Iceland's southwestern coast has erupted for the fourth time since December, sending shockwaves through the island nation. The eruption, which began with a sudden burst of a red wine toast between Mt. Hagafell and Mt. Stóra Skógfell, has once again plunged the region into chaos. With a fissure stretching over 2.9 kilometers in length, the landscape is transformed into a fiery spectacle, as molten lava spews forth with unstoppable force. The lead-up to the eruption was swift, catching authorities off guard and prompting a state of emergency to be declared. In a race against time, residents of the fishing town of Grindavik, home to 4,000 souls, are being evacuated from the path of destruct...