Geothermal Isn't Expensive: The Reservoir Always Has the Final Say Somewhere beneath a volcanic ridge, a drill bit is turning through rock that has not moved in two million years. It costs money every second it turns. And nobody on the surface — not the engineer, not the financier, not the minister who announced the megawatts — knows yet whether that well will produce steam or silence. That single moment explains almost everything people get wrong about geothermal energy. Geothermal is routinely described as expensive, slow, capital-hungry and haunted by drilling risk. Investors are reminded that tens of millions can disappear underground before a single megawatt reaches a grid. All of that is true. But it is not the whole truth. The uncomfortable question the industry keeps avoiding is this: is geothermal expensive, or is the way we develop geothermal making it expensive? Those are two completely different problems. One is geology. The other is us. Why Geothermal Refuses to Be...
Ormat Technologies Secures Groundbreaking PPA with Calpine Energy Solutions: Pioneering a New Era in Carbon-Free Energy By: Robert Buluma What the Agreement Entails The Voices Behind the Deal “Now more than ever, it’s critical to have a robust network of strategic partners, like Ormat , that focus on alternative and renewable geothermal supply-side technologies. This ensures our retail clients can access customized, scalable energy strategies aligned with their unique cost, risk, and carbon goals.” This wont be the first time Ormat inks a deal with geothermal power house as we reported earlier on on their partnership with SLB “We are thrilled to collaborate with Calpine Energy Solutions to deliver zero-emission power from Mammoth 2. This PPA represents a significant step forward in our mission to expand geothermal energy capacity while reinforcing Calpine’s commitment to sustainability.” Why This Deal Matters A Look at Ormat and Calpine Energy Solutions The Fut...