Alphaxioms Geothermal News and Related Research Globally

A Silent Energy Revolution is Underway Robert Buluma Image: Fumaroles emanating from the ground, a geothermal manifestation, credit: unsplash The global energy landscape is shifting. While solar and wind have dominated discussions on renewable energy, a new powerhouse is emerging  geothermal energy . Backed by investments from tech giants, oil majors, and governments, geothermal is quietly positioning itself as the next trillion-dollar industry. With the potential to replace fossil fuels, reshape economies, and revolutionize energy grids , geothermal is no longer a niche sector it’s the future of energy . In this article, we’ll explore why geothermal energy is set to explode, the key players driving this shift, and how it could disrupt traditional energy markets . The Key Players Betting on Geothermal Geothermal energy is no longer just the domain of specialized companies. Big Tech, oil giants, and governments are now pouring billions into the sector, recognizing its potential...

Harnessing Geothermal Energy Alongside Oil: A Global Case Study   By:  Robert Buluma Geothermal energy, the heat derived from the Earth’s core, has long been recognized as a sustainable and reliable energy source. However, its integration with the oil and gas industry is a relatively new and exciting development. This case study explores how geothermal energy is being harnessed alongside oil globally, highlighting innovative projects, technological breakthroughs, and the synergies between these two industries.   The Synergy Between Geothermal and Oil Industries This Geothermal Decade saw a rise in Oil and Gas companies vouching for Geothermal Energy The oil and gas industry brings decades of expertise in subsurface exploration, drilling, and reservoir management—skills that are directly transferable to geothermal energy development. Both industries rely on similar technologies, such as directional drilling, hydraulic fracturing, and high-temperature equipment, m...

Baseload Capital Secures €53M in Series B Funding: A Major Leap for Geothermal Energy In a powerful stride towards revolutionizing the global energy landscape, Baseload Capital Sweden AB has successfully closed a €53 million Series B funding round. This monumental achievement signals a significant leap in scaling up geothermal energy—one of the world’s largest untapped and sustainable energy resources. The Power Behind the Funding Leading the charge in this Series B round is ENGF, a distinguished infrastructure fund backed by Ingka Investments, the financial powerhouse of the Ingka Group, the largest IKEA retailer. The round also attracted investments from energy technology giant Baker Hughes, Nefco, Breakthrough Energy Ventures, and Gullspång Invest. This robust investment lineup underscores the growing confidence in Baseload Capital's vision to unlock the geothermal energy sector's potential on a global scale. A Vision to Transform the Energy Sector Baseload Capital is not ju...

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...

Powering the Future: Star Energy Group Bold Move Towards Geothermal Energy By: Robert Buluma In a groundbreaking move towards sustainable energy, Star Energy Group (AIM: STAR) has just announced the closing of a new €25 million secured facility with Kommunalkredit Austria AG (Kommunalkredit). This financial boost marks a significant step in Star Energy's transition strategy, particularly focusing on geothermal energy while maintaining investments in conventional oil and gas businesses. Chris Hopkinson, the CEO of Star Energy expressed his excitement, stating, "Securing this facility is an important milestone for Star Energy. It allows us to use cashflows from our existing oil and gas business to optimize near-term conventional production and deliver our transition strategy; namely developing and monetizing our geothermal business in both the UK and Croatia." Evidently,Oil and gas companies have been going Geothermal and Today we've found a new neighbor What makes th...

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 ...

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 ...

Unleashing Colombia's Geothermal Potential: A Step Towards Sustainable Energy By: Robert Buluma Colombia, renowned for its natural beauty and diverse landscapes, is gearing up for a groundbreaking endeavor in the realm of sustainable energy. In an announcement that reverberates with promise, the Agencia Nacional de Hidrocarburos (ANH) disclosed plans for the nation's inaugural geothermal round and auction slated for the latter half of 2024. The significance of this initiative cannot be overstated. It represents a pivotal stride towards harnessing Colombia's untapped geothermal potential, a move poised to redefine the country's energy landscape while championing environmental sustainability. Orlando Velandia Sepúlveda, President of ANH, underscored the magnitude of this endeavor, citing it as a concerted effort to capitalize on Colombia's inherent strengths. Collaborating seamlessly with the Ministry and the Servicio Geológico Colombiano, ANH has embarked on an exhau...

Unveiling Tomorrow's Energy Solutions: Permian Energy Development Lab and Teverra Join Forces By : Robert Buluma In the vast expanse of the Permian Basin, where oil and innovation flow in equal measure, a groundbreaking partnership has emerged to redefine the future of energy. Enter the Permian Energy Development Lab (PEDL) and Teverra, two visionary entities united by a shared commitment to pioneering advanced energy solutions. Hot off the press from the heart of Odessa, Texas, comes the announcement of a strategic alliance poised to revolutionize the energy landscape. With Teverra's expertise in geothermal energy, carbon storage, and cleaner oil and gas solutions, coupled with PEDL's dedication to research and collaboration, the stage is set for an electrifying journey towards sustainable energy. Teverra, a trailblazing technology company, has already marked its territory with a recent triumph—a coveted contract with Colorado to conduct a sweeping analysis of geothermal r...

Unveiling the Future of Renewable Energy: Whitebark Energy and CeraPhi Energy Join Forces By: Robert Buluma A Ceraphi drilling rig , image source Ceraphi  In a groundbreaking move towards sustainable energy solutions, Whitebark Energy Limited has forged a strategic partnership with international Geothermal Developer CeraPhi Energy. This collaboration signals a significant step forward in Australia's energy transition, particularly in the realm of geothermal power. Whitebark's recent acquisition of an exploration license application for Geothermal Energy (EPG) in the Greater Brisbane and Gold Coast Region sets the stage for a pioneering endeavor. Covering approximately 589 square kilometers, this tenement holds immense potential for the generation and sale of geothermal power, positioning Whitebark as a key player in the region's renewable energy landscape. Central to this partnership is CeraPhi Energy's cutting-edge technology, the CeraPhiWell™. This revolutionary close...

 Unveiling the Future: Quaise Energy's Quest for Terawatt-Scale Geothermal Energy By:  Robert Buluma Image: Recent Core drilling set for ground works at Quaise In a world teetering on the brink of an energy revolution, one company is harnessing the power of the Earth itself to drive us towards a cleaner, brighter future. Quaise Energy, the brainchild of visionary minds and cutting-edge technology, has just secured a staggering $21 million in funding to propel its mission forward. But what exactly is Quaise Energy, and why should we all be paying attention? At its core, Quaise Energy is more than just a company; it's a beacon of hope in a landscape dominated by fossil fuels and climate concerns. By tapping into the virtually limitless potential of deep geothermal energy, Quaise is poised to revolutionize the way we power our world. But what sets deep geothermal energy apart from other renewable sources, you may ask? Well, for starters, deep geothermal power plants have the capa...

Revolutionizing Energy Production: The Birth of Eavor Technology in Geretesried By: Robert Buluma In the picturesque town of Geretesried, nestled in the heart of Germany, a groundbreaking project is underway that promises to reshape the future of energy production as we know it. Welcome to the world of Eavor Technology – where innovation meets sustainability in a bid to tackle the pressing challenges of climate change and energy security. Imagine a technology that harnesses the Earth's natural heat to generate both electricity and warmth without emitting harmful greenhouse gases. Sounds like science fiction? Well, it's not. Thanks to the relentless efforts of visionaries and engineers, the world's first Eavor loop for heat and electricity is currently under construction right here in Geretesried. At the forefront of this remarkable endeavor is the ambitious drilling project that has reached an astonishing depth of 7000 meters beneath the Earth's surface. Achieving such ...

Harnessing Earth's Energy: Yale's Groundbreaking Geothermal Initiative By : Robert Buluma In a bold move towards sustainability, Yale University is set to revolutionize its campus heating and cooling systems by tapping into the Earth's natural resources. Imagine a world where buildings are kept comfortable year-round without relying on fossil fuels – well, that future is closer than you might think. At the forefront of this eco-friendly endeavor are architects and engineers working tirelessly to implement a cutting-edge geothermal energy system. Picture this: beneath the iconic "Science Hill," a hub of innovation nestled in the heart of Yale's campus, lies a network of 190 geothermal bores reaching a staggering 850 feet below ground. But what exactly is geothermal energy, and how does it work? Simply put, it harnesses the Earth's stable temperatures to regulate indoor climates. These geothermal bores act as conduits, circulating fluid that absorbs or dissi...

 Baker Hughes Launches Geothermal Service Center in Celle By  Robert Buluma Baker Hughes, a pioneer in geothermal energy for over four decades, marked a significant milestone on February 15th with the inauguration of its new Artificial Lift Geothermal Service Center in Celle. This state-of-the-art facility will serve as a hub for assembling, maintaining, and testing the company's geothermal pumps. From its inception in the 1980s with the installation of the first Electric Submersible Pump (ESP) to its current position with the deployment of the world's largest ESP motors across Europe and the USA, Baker Hughes has played a pivotal role in driving the energy transition. Gustavo Marin, Vice President of Artificial Lift Systems, expressed pride in the company's geothermal energy track record, affirming its commitment to supporting partners through the energy transition. The opening ceremony saw a gathering of esteemed customers and stakeholders, including Dr. Jörg Nigge, Mayor...

Eavor Technologies Secures Major Investment from Kajima for Geothermal Advancement By : Robert Buluma In a world grappling with the urgent need for sustainable energy solutions, Eavor Technologies Inc. emerges as a beacon of hope with its innovative geothermal technology, Eavor-Loop™. The recent Series B investment infusion from Kajima Corporation, one of Japan's construction giants, marks a significant milestone in the journey towards a greener and more sustainable future. A Partnership Rooted in Sustainability Eavor's pioneering approach to geothermal energy harnesses the Earth's natural geothermal gradient through its Eavor-Loop™ system, offering a clean, reliable, and affordable energy alternative. This aligns perfectly with Kajima Corporation's Environmental Vision of Triple Zero 2050, focusing on carbon neutrality, circular economy, and nature-positive practices. The partnership signifies not just a financial collaboration but a shared commitment to environmental ...

Exploring Geothermal Energy Potential: Whitebark Energy's New Venture in Queensland By : In a significant move towards sustainable energy solutions, Whitebark Energy has recently been granted a geothermal exploration permit in Queensland, Australia. This development marks a pivotal step in harnessing the region's geothermal potential to contribute to the renewable energy landscape. The exploration permit, covering an area in the Greater Brisbane and Gold Coast region, opens doors for Whitebark Energy to delve into the possibilities of geothermal power generation. With an expansive permit area spanning approximately 589 square kilometers and consisting of 190 sub-blocks, the company is poised to explore geological conditions conducive to geothermal energy extraction. Geothermal energy, derived from the Earth's heat, offers a promising avenue for clean and sustainable power generation. Unlike fossil fuels, geothermal energy is renewable and emits minimal greenhouse gases, mak...

Unveiling the Geothermal Decade: Companies Pioneering Innovation and Collaboration In the race towards a sustainable future, the Geothermal sector stands out as a beacon of hope, offering clean, renewable energy solutions. As we embark on what many are calling the "Geothermal decade," companies around the globe are unveiling strategies that promise to reshape the energy landscape. Let's delve into the innovative approaches and collaborative efforts driving this transformation. Primeval Geothermal Solutions:** Primeval's agnostic approach to solving Geothermal problems exemplifies adaptability and innovation in the industry. By focusing on versatile solutions, they pave the way for advancements in Geothermal technology. Google and Project Innerspace Collaboration: Teaming up with Project Innerspace, Google ventures into uncharted territory, leveraging cutting-edge technology to unlock the potential of Geothermal energy. This collaboration promises groundbreaking discov...