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Tajogaite Energía and INVOLCAN Explore La Palma Geothermal Energy Potential

By Robert Buluma Alphaxioms
Tajogaite Energía and INVOLCAN Join Forces to Explore La Palma’s Geothermal Potential Tajogaite Energía S.L. has taken a significant step toward assessing the geothermal potential of La Palma by formalising an agreement with the Canary Islands Volcanological Institute (INVOLCAN). The agreement covers surface geothermal exploration and research across 19 mining grids awarded to the company by the Government of the Canary Islands, with a total value of €387,698.50. The initiative does not yet mean that a geothermal power plant will be built or that deep drilling will begin immediately. Instead, it represents an essential early phase: using advanced scientific methods to understand what lies beneath the island’s surface and identify the areas with the greatest potential for future geothermal development. A Strategic Agreement for Canary Islands Energy The collaboration between Tajogaite Energía S.L. and INVOLCAN forms part of the public tender process launched by the Canary Islands Govern...
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Who Finances Next-Generation Geothermal Projects? Key Investors and Funding Trends

By Robert Buluma Alphaxioms
Who Is Financing the Next Generation of Geothermal Projects? Image : A thematic image of a geothermal power plant  The next generation of geothermal projects is being financed by a wide mix of venture capital firms, strategic corporate investors, commercial banks, institutional funds, and project finance lenders. The financing landscape is changing quickly because geothermal is moving from a niche clean-energy option into a serious infrastructure asset class with the potential to deliver reliable, 24/7 power at scale. Why geothermal finance is changing For years, geothermal struggled to attract large pools of capital because many projects were seen as technically risky, geographically limited, and difficult to scale. That perception is shifting as advanced geothermal technologies, especially enhanced geothermal systems, expand the number of places where geothermal can work. Investors now see a larger addressable market, stronger power demand, and better alignment with the needs of...
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"GE Hitachi Nuclear Energy, OPG, SNC-Lavalin and Aecon Sign Historic Contract for Deployment of Groundbreaking Small Modular Reactor at Darlington Nuclear Project Site"

By Robert Buluma Alphaxioms
image source:(unsplash.com,Jakob Madsen) GE Hitachi Nuclear Energy (GEH), in partnership with Ontario Power Generation (OPG), SNC-Lavalinand Aecon, has signed a contract for the deployment of a BWRX-300 small modular reactor (SMR) at OPG’s Darlington New Nuclear Project site, marking the first commercial contract for a grid-scale SMR in North America. This groundbreaking agreement, through which GEH will provide the reactor design, encompasses a comprehensive range of project activities, including design, engineering licensing support, construction, testing, training and commissioning. Jay Wileman, President and CEO of GEH, stated, "This contract is an important milestone and solidifies our position as the leading SMR technology provider. We aim to deliver the first SMR in North America and, in doing so, lead the start of a new era of nuclear power that will provide zero-emission energy generation, energy security and energy reliability around the globe. We can’t express our appre...
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California Court Orders New Environmental Review for Imperial County Geothermal Lithium Project

By Robert Buluma Alphaxioms
California Appeals Court Orders New Environmental Review for Imperial County Geothermal–Lithium Project Image: California Salton Lake Sea Hell’s Kitchen geothermal and lithium extraction plan sent back for deeper water, air-quality and mitigation analysis under CEQA A California appeals court has ordered Imperial County to conduct a more rigorous environmental review of the proposed Hell’s Kitchen geothermal power plant and lithium extraction project near the Salton Sea. The Fourth District Court of Appeal found that the county’s original environmental impact report (EIR) did not adequately address long-term water availability, enforceable mitigation measures for water shortages, or potential air-quality impacts tied to the receding Salton Sea. The ruling partially reverses a lower court decision and remands the case to Imperial County Superior Court, requiring the county and project developer Controlled Thermal Resources to address the identified deficiencies before the project can m...
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Fervo Energy Expands Geothermal Pipeline With Landmark Google Power Agreement

By Robert Buluma Alphaxioms
Fervo Energy Expands Geothermal Pipeline as Google Signs Record 396 MW Power Purchase Agreement Alphaxioms Geothermal Insights | Industry Analysis | November 2026 Fervo Energy Moves Enhanced Geothermal Into Commercial Deployment The global geothermal energy industry is entering an important commercialisation phase as Fervo Energy reports significant operational progress, expands its project development pipeline, and secures a landmark electricity offtake agreement with Google. In its third-quarter 2026 results, released on November 9, Fervo confirmed that its Cape Station geothermal development in Utah had achieved first power and contractual commercial operation at its initial 33-megawatt (MW) GeoBlock. The milestone represents a significant transition for the company, moving its enhanced geothermal systems (EGS) technology further from demonstration and development into commercial electricity generation. The company also announced a 15-year, grid-connected, take-or-pay power purchase...
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Green Therma Generation 5 Geothermal Technology Revolutionises Enclosed Loop Heat Production

By Robert Buluma Alphaxioms
Green Therma’s Fifth Generation Geothermal Technology Targets Heat Markets Image: Kim Gunn Maver, Chief Geologist at Green Therma The geothermal industry has historically depended on favourable geological conditions, naturally permeable reservoirs and the availability of underground fluids. Although conventional hydrothermal systems have enabled commercial geothermal electricity generation and heat across several countries, their dependence on specific geological characteristics has limited the number of locations where projects can be developed successfully. A new generation of engineered geothermal technologies is seeking to address these limitations by changing how heat is extracted from the subsurface. Green Therma is advancing what it describes as Generation 5 geothermal technology, centred on Enclosed Loop Geothermal (ELG). Unlike conventional hydrothermal systems and Enhanced Geothermal Systems (EGS) , the technology uses a fully enclosed engineered piping arrangement that pre...
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XGS, Baker Hughes, and Meta Ignite New Mexico’s 150MW Geothermal AI Power Revolution

By Robert Buluma Alphaxioms
XGS and Baker Hughes Push Geothermal Into the AI Era With Massive 150MW Meta-Linked Project in New Mexico The geothermal industry has officially entered a new phase — one where artificial intelligence, hyperscale data centers, and next-generation geothermal technologies are beginning to converge into a single industrial ecosystem. In one of the most significant geothermal-energy announcements of 2026, XGS Energy has partnered with Baker Hughes to accelerate development of a massive 150MW geothermal power project in New Mexico tied to the growing energy demands of Meta data center operations. The project is not merely another renewable energy development. It represents a major industrial test of whether advanced geothermal systems can reliably power the exploding AI infrastructure economy that is rapidly transforming electricity demand across the United States and the world. According to reports, the geothermal facility will provide electricity into the grid operated by Public S...
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Újbuda Geothermal Energy Exploration Approval Boosts Sustainable Heating Potential

By Robert Buluma Alphaxioms
Újbuda Gets Approval to Explore Its Geothermal Energy Potential Budapest’s Újbuda district has received approval to examine whether geothermal energy can contribute to its future heating and energy needs. The decision places one of the capital’s most densely populated districts at the centre of Hungary’s broader effort to make better use of its underground thermal resources. The approval does not mean that a geothermal power plant or district-heating system will be built immediately. Instead, it allows the district and its partners to investigate the geological conditions, technical feasibility, environmental implications and financial requirements of using heat stored beneath the city. The project could eventually support cleaner heating, reduce dependence on imported natural gas and strengthen Budapest’s energy resilience. Its success, however, will depend on careful geological research, responsible water management, transparent public consultation and a realistic financing model. Wh...
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“From Volcanic Depths to the National Grid: Dominica’s First Geothermal Turbine Sparks a Caribbean Energy Revolution.”

By Robert Buluma Alphaxioms
The historic milestone in Dominica's renewable energy journey has arrived:  By:  Robert Buluma the first Ormat Energy Converter (OEC) turbine unit at the OEC-1 geothermal power plant has spun to life, synchronized with the national grid, and begun delivering clean, reliable power to the island nation. This isn't just a technical achievement—it's a beacon of hope for energy independence in the Caribbean, a region long dependent on imported fossil fuels and vulnerable to hurricanes and climate change. Something which we had anticipated earlier on  Imagine standing in the control room, heart pounding, as the screens light up with rising numbers: Gross Power climbing to 3.82 MW and beyond. The CPB Switch Status flips to GEN,the "Start" button glows triumphantly, and for the first time, geothermal steam from deep beneath Dominica's volcanic landscape transforms into electricity flowing seamlessly into homes, businesses, and the future. Project Manager Amir Junger c...
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Estonia Drills Three Towns for Open-Loop Geothermal Heating Development

By Robert Buluma Alphaxioms
Estonia Drills Into Its Own Backyard: Why Three Small Towns Could Shape the Future of Baltic Heating Estonia has started looking for heat under its own soil. In October 2026, the Geological Survey of Estonia began exploratory drilling at three locations in the south of the country to find out whether open-loop geothermal energy pilot plants can work there, according to CEENERGYNEWS, citing the Estonian Ministry of Climate. Work starts in Rõuge, then moves to Põlva municipality and Tõrva. The campaign is part of a research programme called AVATAR. On paper, this is a small story: a few boreholes, some pumping tests and a careful statement from a state agency. It is also one more step in a deliberate effort by a small Baltic country to treat geothermal energy as a real option for heating whole communities, and not only single houses. Estonia has long winters, energy security is a political issue there, and moving away from fossil fuels is now fixed policy. So the drilling matters more th...
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Exergy Signs 33 MWe Geothermal Contract in Türkiye

By Robert Buluma Alphaxioms
Exergy Signs 33 MWe Geothermal Contract with Maren in Türkiye Exergy International has signed a new contract with Maren Maraş Elektrik Üretim A.Ş. to supply the 33 MWe Mehmet Ege geothermal power plant in Germencik, in Türkiye’s Aydın province. The project will use Exergy’s Organic Rankine Cycle technology and include the company’s largest Radial Outflow Turbine supplied to date.  Expected to enter operation in the second half of 2027, the plant will provide renewable baseload electricity from a geothermal resource with an estimated temperature of approximately 160°C. The agreement represents another major step in Exergy’s long-standing relationship with Maren and reinforces Türkiye’s position as one of the world’s most active geothermal markets.  A Major Geothermal Investment in Aydın  The Mehmet Ege geothermal power plant will be located in Germencik, a district within Aydın that has become a major centre for geothermal development. Türkiye’s western Aegean region conta...
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Italy FER2 zero-emissions geothermal auction: 29.4MW projects approved

By Robert Buluma Alphaxioms
Italy’s FER2 Auction Approves Two Zero‑Emissions Geothermal Projects — What It Means for the Market Overview: FER2’s first geothermal auction and the winners Italy’s FER2 incentive mechanism — established by the Ministry of the Environment and Energy Security (MASE) to stimulate renewable investment through long‑term Contracts for Difference (CfDs) — has completed its first geothermal tender, awarding favourable rankings to two zero‑emissions projects with a combined capacity of 29.4 MW. The auction aimed to allocate a dedicated 30 MW quota for geothermal plants that operate with no net emissions, and it selected: - Pola 1: a 24.4 MW project in Jolanda di Savoia, Ferrara. - ITW & LKW Geotermia Italia: a 5 MW plant in Castel Giorgio, Terni. Two other bids — a 12.69 MW project in Castelnuovo di Val di Cecina by Magma Energy Italia and a 5 MW proposal in Monterotondo Marittimo from Enel Green Power Italia — were excluded from the final rankings. The FER2 framework sets explicit timeli...
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