Alphaxioms Geothermal News and Related Research Globally

Ormat gets PPA for Expanded Geothermal Capacity at Puna, Hawaii Ormat Technologies, a leading renewable energy company, has achieved a significant milestone in its mission to provide clean and sustainable power to Hawaii's Big Island. Recently, the Hawai’i Public Utilities Commission (HPUC) granted approval for amendments to the Power Purchase Agreement (PPA), enabling Ormat's subsidiary, Puna Geothermal Venture (PGV), to deliver an additional 8 MW of geothermal energy to the region. This expansion brings the total geothermal capacity at Puna to 46 MW, reinforcing Hawaii's commitment to renewable energy initiatives. The approval from HPUC comes on the heels of the successful completion of the Environmental Impact Statement (EIS) for PGV's operations in Puna, underscoring the company's dedication to environmental stewardship and compliance with regulatory standards. One of the key highlights of the newly revised PPA is the consolidation of two existing agreements int...

Exploring Geothermal Energy Potential in Honduras: A Feasibility Study in Choluteca Honduras, known for its rich biodiversity and natural landscapes, is now embarking on a journey to explore another valuable resource beneath its surface: geothermal energy. In a groundbreaking initiative, the state-owned power company, ENEE, has partnered with Mexican consulting firm Geokeri to conduct a comprehensive feasibility study for geothermal energy generation in the Choluteca municipality. The study, set to commence in February 2024, will focus on the municipalities of Namasigue and El Triunfo, located in southern Honduras. Over the course of seven months, experts from Geokeri will assess the region's geothermal potential, evaluating factors such as geological formations, temperature gradients, and resource accessibility. This ambitious project has garnered significant support from international partners, with financial backing of EUR 460,000 provided by the KfW Development Bank of Frankfur...

Unveiling Colorado's Geothermal Potential: Teverra Awarded Statewide Study Colorado, renowned for its stunning landscapes and progressive energy initiatives, is now embarking on a new frontier in renewable energy exploration. With a rich history in mining and hydrocarbon production, alongside recent strides in wind and solar power, Colorado is now turning its attention to geothermal energy. Teverra, a pioneering clean energy company based in Atlanta, has been awarded a groundbreaking contract by the Colorado Energy and Carbon Management Commission (ECMC) to conduct a comprehensive geothermal evaluation across the state. Exploring Geothermal Opportunities: The initiative aims to assess and quantify Colorado's geothermal resources, leveraging Teverra's expertise in subsurface solutions and advanced geomechanics. Joseph Batir, Geothermal Lead at Teverra, expresses enthusiasm for the project, emphasizing its potential to contribute to Colorado's energy legacy while advancin...

  Revolutionizing Renewable Energy: Fervo Energy's Breakthrough in Geothermal Drilling In the pursuit of sustainable energy solutions, the spotlight often falls on solar and wind power. However, there's another renewable energy source quietly gaining momentum: geothermal energy. Fervo Energy, a pioneering company based in Palo Alto, California, is leading the charge in revolutionizing geothermal energy production through groundbreaking advancements in drilling technology. Unlocking the Power of the Earth Geothermal energy harnesses the natural heat stored beneath the Earth's surface to generate electricity. Traditionally, accessing this heat has been a costly and challenging endeavor, often limited to regions with accessible geothermal reservoirs. Fervo Energy is changing this narrative by developing innovative techniques to tap into deeper, hotter geothermal resources, making previously inaccessible areas viable for geothermal energy production. Breaking Barriers with Enha...

Toyota Tsusho's $180 Billion Investment Sparks Geothermal Revolution in Kenya In a move set to revolutionize Kenya's energy landscape, Toyota Tsusho Corporation has announced a staggering $180 billion investment in the Menengai Geothermal Plant. This bold initiative underscores the company's commitment to sustainable development and signals a significant milestone in the nation's journey towards energy independence. A Paradigm Shift in Energy Investment Toyota Tsusho's monumental investment in the Menengai Geothermal Plant marks a paradigm shift in the global energy sector. With a focus on harnessing the Earth's natural heat reservoirs, the project promises to deliver clean, reliable, and renewable energy to millions of households and businesses across Kenya. Unlocking the Potential of Geothermal Energy Geothermal energy has long been hailed as a game-changer in the quest for sustainable energy solutions. By tapping into the vast geothermal resources beneath the...

**Title: Unveiling Cornwall's Geothermal Revolution: A Leap Towards Sustainable Energy** In the serene landscapes of Cornwall, a groundbreaking initiative is taking shape, poised to redefine the region's energy landscape. Construction has commenced on the United Kingdom's inaugural geothermal power plant, marking a momentous leap towards sustainable energy production. **Pioneering the Path to Renewable Energy** At the forefront of this ambitious endeavor is Geothermal Engineering Limited (GEL), spearheading efforts to harness the Earth's natural heat reservoirs. With construction activities in full swing at the United Downs site, anticipation is building for the commencement of renewable electricity generation by late 2024. **A Vision of Sustainability** The vision behind the United Downs facility extends far beyond mere power generation. By tapping into the inherent warmth of hot granite rocks through deep wells drilled and tested meticulously, the project promises to ...

 Iceland's Volcanic Awakening: The Eruption Near Grindavike Iceland, known for its stunning landscapes and geological wonders, is once again making headlines with the eruption of a volcano near the town of Grindavik. This recent volcanic activity marks the third eruption in the area since December, highlighting the dynamic and unpredictable nature of Iceland's volcanic landscape. The Eruption On February 8th, 2024 , a volcano in southwestern Iceland erupted along a three-kilometer fissure northeast of Mount Sýlingarfell. Jets of lava shot into the sky, triggering the evacuation of the popular Blue Lagoon geothermal spa and cutting off heat and hot water to thousands of people in several communities on the Reykjanes Peninsula. Impact on Communities The eruption has had significant consequences for the residents of Grindavik and surrounding areas. The lava flow engulfed a supply pipeline, disrupting the heating systems that many rely on for their homes. Schools, gyms, and swimmin...

From Barrels To Steam, How Oil and Gas ⛽ Companies are Craving for More Steam In a bold move towards sustainability and diversification, several major oil and gas companies are shifting their focus towards geothermal energy. This strategic shift signifies not only a response to the growing demand for clean energy but also a recognition of the potential of geothermal resources as a reliable and renewable energy source. Let's delve into the recent developments and initiatives taken by key players in the oil and gas industry towards embracing geothermal energy: ExxonMobil's Exploration into Enhanced Geothermal Systems (EGS) ExxonMobil's Chairman and CEO, Darrel Woods, recently hinted at the company's interest in Enhanced Geothermal Systems (EGS). This technology involves drilling deep into the earth's crust to access heat reservoirs and utilizing hydraulic fracturing techniques to enhance heat extraction. By leveraging their expertise in drilling and reservoir engineer...

  Revolutionizing Warehouse Heating: Geothermal Energy Takes Center Stage in Rouen, France In a world where sustainability and environmental consciousness are becoming increasingly important, innovative solutions are emerging to tackle energy consumption in various sectors. One such groundbreaking initiative has recently taken root in Rouen, France, where industrial property developer P3 has spearheaded a transformative project in warehouse heating. P3's investment in a geothermal heat storage system marks a significant step towards sustainable energy practices. By harnessing the Earth's natural heat, this system now provides a remarkable 77% of the heating needs for a warehouse space in Rouen, with the remaining 23% supplemented by an air-source heat pump. The project's success lies in its meticulous planning and execution. P3 collaborated closely with energy efficiency expert Accenta to drill 200-meter boreholes for the Boreholes Thermal Energy Storage (BTES) system. This...

 **Title: Climate Transition Development: Driving Geothermal Innovation and Sustainability** In a significant move towards advancing geothermal capabilities and promoting sustainable energy solutions, Terrapin Geothermics and TerraScale have joined forces to establish Climate Transition Development Corporation. This merger marks a pivotal moment in the renewable energy sector, with a primary focus on accelerating geothermal projects in key regions such as Canada, Japan, and Switzerland. Terrapin Geothermics, renowned for its expertise in generating clean electricity and heat from industrial waste heat and deep geothermal resources, joins hands with TerraScale, an award-winning green infrastructure development and advisory firm based in California. Together, they form Climate Transition Development, a US-based entity committed to driving global change through sustainable infrastructure and renewable energy initiatives. Under the terms of the agreement, Climate Transition Development...

GreenFire Energy Inc. Partners with Energy Development Corporation to Boost Geothermal Power Production in the Philippines In a significant move towards enhancing renewable energy production in the Philippines, the Energy Development Corporation (EDC) has secured a substantial grant from the U.S. Trade and Development Agency (USTDA). With this grant, EDC has chosen to collaborate with GreenFire Energy Inc., a leading provider of advanced geothermal energy solutions, to implement innovative technology aimed at increasing geothermal power production. Partnership Details: GreenFire Energy Inc. is set to deploy its pioneering GreenLoop™ technology at EDC's Mahanagdong Geothermal Field in Leyte, Philippines. This partnership signifies a major milestone in the Philippines' renewable energy journey, as it strives to achieve ambitious targets of 35% renewable energy in the power generation mix by 2030 and 50% by 2040. Significance of Geothermal Energy: Geothermal energy holds a crucial...