Alphaxioms Geothermal News and Related Research Globally

Fervo Energy Secures $244 Million to Revolutionize Geothermal Energy Houston, TX (February 29, 2024) By : Robert Buluma Fervo Energy, the trailblazer in next-generation geothermal development, has recently announced a significant milestone in its journey – securing a whopping $244 million in new funding. Spearheaded by Devon Energy, a prominent figure in the realm of shale oil and gas, this investment marks a pivotal moment for Fervo Energy and the future of sustainable energy production. The infusion of capital will empower Fervo Energy to accelerate the deployment of its cutting-edge technology, which draws upon proven methodologies from the oil and gas sector, to establish commercially viable 24/7 carbon-free energy solutions. With sustainability at the forefront of global concerns, Fervo's innovative approach comes at a crucial time, offering a promising alternative to traditional energy sources. Joining Devon Energy in this groundbreaking funding round are several esteemed par...

Eavor Signs Geothermal Action Plan in the Netherlands Published on February 29, 2024 By  Robert Buluma In a significant stride towards sustainable energy solutions, Eavor, a leading player in the geothermal energy sector, has recently inked a pivotal agreement aimed at accelerating geothermal energy production in North Brabant, the Netherlands. This collaborative effort, spearheaded by the province of North Brabant, the municipality of Helmond, and EBN B.V., a Dutch government-owned company, signals a concerted push towards cleaner and more reliable energy sources. The newly signed action plan encompasses a range of initiatives designed to overcome existing obstacles and optimize geothermal energy infrastructure in the region. Among the key focus areas are addressing challenges in the Ruhr Valley, enhancing the accuracy of geological data, managing financial risks effectively, and streamlining heating networks for sustainable operations. Furthermore, the plan entails thorough resea...

Embracing Sustainable Energy: EDC's Geothermal Power Supply to Bohol By  Robert Buluma In a significant stride towards sustainability, Bohol is set to experience a revolution in its energy landscape with the introduction of geothermal power supplied by Energy Development Corporation (EDC), a subsidiary of First Gen Corporation. This shift promises not just affordable electricity but also a greener future for the province and its residents. The decision to tap into geothermal energy stems from the commitment to reduce reliance on traditional fossil fuels like coal and diesel. With EDC's expertise in renewable energy, Bohol is poised to embrace a more environmentally friendly approach to power generation. Geothermal energy harnesses the natural heat from the Earth's core, providing a consistent and reliable source of power. Unlike coal or diesel, which are subject to fluctuating global market prices, geothermal energy offers stability in both production and cost. This stabili...

Unlocking Saudi Arabia's Geothermal Energy Potential: A Partnership Between TAQA GEOTHERMAL and KAUST By :  Robert Buluma In a landmark collaboration, TAQA GEOTHERMAL and King Abdullah University of Science and Technology (KAUST) have embarked on a pioneering journey to explore Saudi Arabia's geothermal energy potential. This ambitious endeavor, announced on February 20, 2024, signals a significant step towards diversifying the Kingdom's energy sources and fostering sustainable development. The groundbreaking ceremony for the project marked the commencement of drilling the first observation well, named K-GEP#1, on the KAUST campus. This well, reaching a depth of 400 meters, will serve as a crucial test case for evaluating the feasibility of geothermal energy extraction in the region. The event witnessed the presence of esteemed dignitaries, including KAUST President Dr. Tony Chan and TAQA Geothermal CEO Meshary Al-Ayed, alongside notable members from both organizations. Dr....

Harnessing Geothermal Energy: Kamojang Power Plant Leads the Way in Green Hydrogen Production By : Robert Buluma In a significant leap towards sustainable energy, the Kamojang geothermal power plant in West Java, Indonesia, has embarked on a pioneering journey by commencing the production of geothermal-based green hydrogen. Operated by the state-owned electricity company PT PLN, this initiative marks a pivotal moment in the realm of renewable energy production, not just for Indonesia but for the entire Southeast Asian region. Green hydrogen, a clean fuel source, is derived from the condensation water generated during the geothermal power production process at Kamojang. This innovative approach underscores the plant's commitment to environmental stewardship while tapping into the abundant renewable energy resources available in the region. With the commencement of operations at Kamojang, PT PLN's green hydrogen output is set to increase by up to 4.3 tons annually. This boost in ...

 Unlocking Sustainable Energy: GA Drilling and ZeroGeo Energy's Geothermal Collaboration By : Robert Buluma In a world where the pursuit of sustainable energy sources has become paramount, innovative collaborations are paving the way for a greener future. Among these trailblazers are GA Drilling and ZeroGeo Energy GmbH, who have joined forces to embark on an ambitious project aimed at harnessing the Earth's natural heat for power generation. The Partnership GA Drilling, a leader in geothermal drilling technologies, and ZeroGeo Energy GmbH, a prominent player in the renewable energy sector, have recently announced a strategic collaboration. At the heart of this partnership lies Projekt THERMO, a groundbreaking initiative to develop a 12MW Hot Dry Rock Geothermal Power Plant in Lower Saxony, Germany. Projekt THERMO: A Vision for Sustainable Power This pioneering project marks the beginning of a series of ventures aimed at tapping into deep geothermal energy and geothermal energy ...

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 ...

Unlocking Renewable Power: Turkan Energy's Venture into Deep Drilling for Geothermal Energy In the heart of innovation and sustainable energy, Turkan Energy has embarked on a groundbreaking journey towards harnessing geothermal power. With a visionary approach and a commitment to environmental stewardship, Turkan Energy has initiated a deep drilling project aimed at tapping into the vast potential of geothermal resources. This ambitious endeavor marks a significant milestone in the quest for renewable energy solutions, promising not only substantial power generation but also a greener, more sustainable future. The project, a 24 MW geothermal power endeavor, holds immense promise for addressing the growing energy needs while reducing reliance on fossil fuels. Geothermal energy, derived from the natural heat of the Earth, offers a clean and renewable alternative to traditional energy sources. Turkan Energy's decision to invest in this venture underscores a dedication to innovatio...

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...

 Geothermal Projects in Africa: Country-wise Overview By : Robert Buluma Africa is increasingly turning to geothermal energy as a sustainable solution to meet its growing electricity demands. With abundant geothermal resources spread across the continent, several countries have embarked on ambitious projects to harness this clean and renewable energy source. Let's delve into the geothermal projects in various African countries, highlighting key players and prospects. Algeria Algeria is exploring its geothermal potential, particularly in the northern regions. Although in the early stages, initiatives are underway to assess feasibility and potential locations for geothermal power plants.  Burundi Burundi has shown interest in developing its geothermal resources, primarily in the northwest region near Lake Tanganyika. The government is actively seeking partnerships with international firms to kickstart exploration and development efforts. Comoros The Comoros Islands are situated ...

  Revolutionizing Home Heating and Cooling: Subterra and Enercare's Geothermal Solutions By : Robert Buluma In a world where environmental sustainability is becoming increasingly crucial, innovative solutions are emerging to tackle the challenges of climate change. One such solution is the collaboration between Subterra Renewables and Enercare to launch fully integrated geothermal heating and cooling solutions for residential homes in Canada. Addressing the Climate Crisis, One Home at a Time Homes and buildings are significant contributors to greenhouse gas emissions, particularly in urban areas like Toronto, where they account for up to 60% of emissions. Recognizing this challenge, Subterra and Enercare have joined forces to accelerate building electrification with renewable energy sources such as geothermal. A Pioneering Alliance for Sustainable Living The partnership between Subterra and Enercare brings together expertise in geothermal drilling, exchange system installation, and...