Alphaxioms Geothermal News and Related Research Globally

Ormat Corporation Recognized Among America's Responsible Companies for Environmental and Social Governance Excellence In an era where corporate responsibility is becoming increasingly vital, Ormat Corporation stands out as a beacon of environmental and social governance (ESG) excellence, earning accolades as one of the responsible companies in America. This recognition not only reflects Ormat's commitment to sustainable business practices but also underscores the crucial role it plays in fostering positive change. Ormat's dedication to environmental stewardship is evident in its renewable energy initiatives. As a leading geothermal energy company, Ormat has consistently prioritized clean and sustainable power generation. By harnessing the Earth's natural heat, the company minimizes its carbon footprint, contributing significantly to the reduction of greenhouse gas emissions. Moreover, Ormat's Social Governance practices extend beyond environmental considerations. Th...

 Unveiling the Future of Geothermal Energy: Geothermal Association of Kenya's Upcoming Conference In the heart of Kenya's commitment to sustainable energy, the Geothermal Association of Kenya (GAK) is gearing up for an insightful conference scheduled for July. This event promises to be a milestone in the realm of geothermal energy, offering a platform for professionals, researchers, and enthusiasts to converge and delve into the latest developments iExploring Sustainable Solutions** The conference aims to explore innovative and sustainable solutions within the geothermal sector. With Kenya being a pioneer in harnessing the Earth's heat for energy production, this event becomes a crucial juncture for sharing experiences, expertise, and advancements. ### **Key Themes and Topics** Attendees can expect a diverse range of topics, including: 1. **Geothermal Technology Advancements:** Delve into the cutting-edge technologies that are shaping the future of geothermal energy product...

 Eavor Emerges as Global Geothermal Powerhouse In a groundbreaking announcement, energystartups.org has crowned Eavor as the leading geothermal energy startup globally, marking an extraordinary achievement fueled by an impressive $365.3 million in cumulative funding. Eavor's ascent to the summit is attributed to substantial investments from influential entities such as Vickers Venture Partners, bp Ventures, Chubu Electric Power, BDC Capital, Chevron Technology Ventures, BHP Ventures, Helmerich & Payne, Precision Drilling, OMV, the Canada Growth Fund (CGF), and Microsoft. The year 2023 witnessed a surge in support, culminating in the successful launch of Eavor's maiden commercial project in Geretsried, Germany. Notably, a pivotal moment arrived in March when the European Innovation Fund (EIF) granted a substantial €91.6 million, solidifying Eavor's position in the clean energy landscape. Eavor-Europe™ achieved a momentous milestone with a €34 million investment from OMV,...

"Advancing Geothermal Energy: Italy's Push for Sustainable Development" **Introduction:** In the heart of Italy, specifically Tuscany, a significant stride is being taken towards the sustainable development of geothermal energy. This initiative is led by a Technical Table coordinated by the Italian Geothermal Union (Ugi) and the Italian Association for Urban Heating (Airu), working in tandem with the Ministry of Environment. Their mission? To craft a comprehensive national plan that encompasses the entire spectrum of geothermal energy use, from thermal applications to geothermal power generation and the strategic recovery of minerals from geothermal fluids. **Key Developments:** The final meeting, set for February 16th with Minister Pichetto, signals a positive dialogue between the Technical Table and the ministry. After years of relative stagnation in the development of this renewable source, Tuscany stands as a pioneer, having utilized geothermal energy for electricity ...

Kenya's Milestone: Joining the 1GW Geothermal Club with Alphaxioms Leading the Charge Kenya is on the brink of achieving a groundbreaking milestone in the energy sector as it gears up to join the coveted 1GW Geothermal Club. This achievement not only signifies a significant leap in sustainable energy production but also solidifies Kenya's commitment to harnessing its geothermal potential for a greener future. Geothermal energy has long been recognized as a reliable and environmentally friendly source of power, and Kenya has been at the forefront of tapping into its vast geothermal resources. With the ambitious goal of reaching 1 gigawatt of geothermal capacity, the country is set to make a substantial impact on its energy landscape. One of the key players driving Kenya's geothermal success story is Alphaxioms. This dynamic company has played a pivotal role in the development and expansion of geothermal projects across the country. Alphaxioms has demonstrated a strong commit...

 "Breaking Ground for a Green Future: CTR's Lithium Valley Campus" In a significant stride towards sustainable energy, Controlled Thermal Resources (CTR) is set to break ground on its groundbreaking lithium extraction and geothermal project in Calipatria. After almost a decade of meticulous planning, the company is on the verge of initiating what they claim to be the world's "first fully integrated lithium and renewable power production facility." This pioneering project, known as the Lithium Valley Campus, is slated to be a multi-billion-dollar clean energy precinct comprising seven stages. CTR's CEO, Rod Colwell, expressed enthusiasm, stating, "CTR will break ground on the world’s first fully integrated lithium and geothermal development!" The ceremony will witness the presence of distinguished guests, including President Joe Biden’s Senior Advisor for Clean Energy Innovation, John Podesta, and former Secretary of Transportation, Rodney Slate...

Tanzania Gears Up for a Geothermal Energy Revolution In a strategic move towards sustainable energy, the Tanzanian government is set to tap into the vast potential of geothermal resources, aiming to diversify its energy mix. Deputy Minister of Energy, Judith Kapinga, announced this groundbreaking initiative in Dodoma, emphasizing the pivotal role of the Tanzania Geothermal Development Company (TGDC) in spearheading the country's geothermal endeavors. Several ambitious projects are already in progress across different regions of Tanzania. Notable among them is the Ngozi project, targeting a generation capacity of 70 MW, and the Kiejo Mbaka project in Mbeya, aiming for 60 MW. In the Songwe region, a 5 MW project is underway in Pwani province, while a significant 60 MW project is in development in Natron, Arusha. Currently, most of these projects are in the crucial phase of feasibility studies, ensuring a comprehensive understanding of the geological and technical aspects before full-...

"Geothermal Engineering Ltd and Exergy ORC Join Forces for Revolutionary Lithium Extraction in Redruth" In a groundbreaking collaboration, Geothermal Engineering Ltd (GEL) and Exergy ORC are set to unveil a cutting-edge 3-megawatt Organic Rankine Cycle (ORC) power plant near Redruth, United Downs. This innovative project aims to harness the latent heat from lithium-rich rocks in Cornwall, marking a significant leap in sustainable energy and lithium extraction technologies. Exergy ORC, the engineering, procurement, and construction (EPC) contractors for the project, bring their expertise to the forefront, ensuring the seamless integration of the ORC power plant into the landscape of United Downs. The region's geothermal potential, coupled with the ORC technology, promises to deliver clean and renewable energy to the local grid. Tests conducted by GEL have confirmed the presence of lithium in the Cornwall rocks, boasting an impressive 340 parts per million (ppm). This disco...

Embark on a journey beneath the picturesque town of Zyrardów, Poland, where the groundbreaking drilling of a 3-kilometer geothermal well has commenced This ambitious project, named "Construction of an exploration and appraisal well for thermal waters Zyrardów GT-1," is set to revolutionize the town's heating network. As the drilling delves vertically into the Earth's depths, reaching an anticipated 3-kilometer depth with water temperatures soaring to 70 °C, the town braces for a transformative three-month endeavor. The visionary initiative is fueled by a PLN 19.8-million subsidy from the National Fund for Environmental Protection and Water Management, signaling a pivotal moment in the first round of the "Making thermal waters available in Poland" program. The inauguration, held on January 16, 2024, marked a historic milestone for Zyrardów, attended by Lucjan Krzysztof Chrzanowski, the town's Mayor. With great anticipation, Mayor Chrzanowski expressed, “T...

XGS Energy Rides the Geothermal Wave with Major Funding Boost In a significant stride towards a sustainable energy future, Baltimore-based energy producer Constellation Energy has led a robust $9.7 million funding round for XGS Energy. This marks the third geothermal startup this year to secure substantial investment, showcasing a promising trend in the industry. Geothermal energy, harnessed from the Earth's heat beneath its surface, has long held potential as a reliable power source. XGS Energy, armed with its cutting-edge Thermal Reach Enhancement (TRE) technology, is at the forefront of this transformative wave. Unlike solar or wind power, geothermal energy provides a constant source of electricity, making it an ideal complement to intermittent renewable sources. The challenge, however, lies in overcoming drilling costs and the geographical limitations that have hindered the widespread adoption of geothermal energy. XGS's TRE technology employs a single drill to reach hot ro...

Strengthening Power Ties: PT PLN(Persero) and Tanesco Collaborate on Digital Transformation and Geothermal Energy. In a significant stride towards sustainable energy solutions and digital evolution, PT PLN(Persero), Indonesia's state-owned electricity company, and Tanzania Electric Supply Company Limited (Tanesco) have joined hands in a strategic collaboration. This partnership aims to propel PT PLN's digital transformation initiatives and harness the vast potential of geothermal energy. Digital Transformation in Power Sector: As the global energy landscape undergoes rapid changes, digital transformation becomes imperative for utilities to enhance efficiency, reliability, and environmental sustainability. PT PLN's collaboration with Tanesco signifies a shared commitment to embracing cutting-edge technologies to optimize power generation, distribution, and customer service. Key Focus Areas of Collaboration: 1. Smart Grid Implementation: The collaboration will see the impleme...