Alphaxioms Geothermal News and Related Research Globally

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

Unleashing the Power of Earth's Heat: NRW's Masterplan Geothermal By: Robert Buluma In a groundbreaking move towards sustainable energy, the state of North Rhine-Westphalia (NRW) unveils its ambitious "Masterplan Geothermie NRW." Spearheaded by the dynamic Wirtschafts- und Klimaschutzministerin Mona Neubaur, this plan promises to revolutionize the region's energy landscape, tapping into the immense potential of geothermal energy as a reliable and carbon-neutral heat source. Given that Geothermal energy has been approved as a vital way of meeting energy needs with policies being approved this blue print is a one way of making Geothermal work Geothermal energy, often overshadowed by its more visible counterparts like solar and wind power, holds remarkable promise in the quest for renewable energy solutions. By harnessing the Earth's natural heat stored beneath its surface, NRW aims to reduce its reliance on fossil fuels and make significant strides towards achie

Unveiling the Green Potential Beneath Stormont: GeoEnergy NI  Project By: Robert Buluma Amidst the majestic grounds of Stormont Estate in Northern Ireland, a groundbreaking initiative is set to unfold, poised to transform not just the landscape, but the very essence of energy Sustainability  GeoEnergy NI  has received the resounding green light from Belfast City Council, marking a pivotal moment in the journey towards harnessing the Earth's renewable resources. Conor Lydon, the visionary lead contractor of  GeoEnergy NI from  Tetra Tech delves into the exciting prospects of this endeavor. The project, spanning across Northern Ireland, is not just about exploration; it's a testament to their collective commitment to combatting climate change and embracing a future powered by clean energy solutions. At its core,  GeoEnergy NI is a beacon of hope, paving the way for a paradigm shift in how we approach heating and cooling systems. By tapping into the shallow geothermal potential

Unleashing the Earth's Power: New Mexico's Leap into Geothermal Energy By: Robert Buluma In a groundbreaking move towards a greener future, New Mexico has emerged as a beacon of environmental stewardship with the recent passage of House Bill 91. This legislation, part of a trio of bills unanimously approved by the state Senate, signifies a pivotal step towards harnessing the Earth's vast geothermal resources. At the heart of this initiative lies a commitment to tapping into the Earth's subsurface heat, unlocking a wealth of opportunities for clean energy generation, hot water provision, and innovative heating and cooling solutions. With an allocation of $2.5 million towards geothermal energy projects, New Mexico is poised to become a trailblazer in sustainable energy innovation. Behind the scenes, passionate advocates like Senator Jerry Ortiz y Pino have tirelessly championed the cause of geothermal energy, recognizing its potential to combat carbon emissions and bolste

Unlocking Głuszyca's Hidden Treasure: The Quest for Geothermal Energy By: Robert Buluma Image: Warsaw Poland Głuszyca, a quaint town nestled in the heart of Lower Silesia, is on the brink of a groundbreaking transformation. A transformative project is underway, one that could potentially alter the town's landscape, economy, and future prospects. At the forefront of this endeavor lies a quest for geothermal energy, a venture that promises not just to harness natural resources but also to redefine Głuszyca's identity. The ambitious initiative aims to tap into thermal waters buried deep beneath the town's surface. Spearheaded by the Mayor of Głuszyca, Roman Głód, and backed by the Głuszyca Commune, this project has already set the wheels in motion for what could be a game-changer in the region's energy landscape. Unveiling the Geothermal Potential The journey began with meticulous planning and collaboration. Extensive research conducted by experts from AGH University o

Unlocking Green Energy: EDC P10-B Fixed Rate Bonds By: Robert Buluma Nearly 20 kilometres outside of the city of Ormoc, The Tongonan-1 geothermal power plant sits in mountainous Kananga, Leyte in the Philippines’ typhoon belt. Image: EDC In a resounding nod to the future of sustainable energy, the board of Energy Development Corp.  EDC has given the green light to a groundbreaking initiative. Picture this: P10 billion in fixed-rate bonds earmarked for propelling green energy projects forward. It's not just a financial maneuver; it's a commitment to a greener, cleaner tomorrow. The Rise of Green Bonds Lopez-led First Gen Corp. subsidiary,  EDC is at the forefront of this movement. Their P10-billion offering marks the second tranche of a larger P15-billion shelf-registered ASEAN green bonds. This isn't just about raising capital; it's about rallying investors behind a cause that transcends profit margins. The first tranche, a modest P5 billion, saw overwhelming demand,

Geretsried Sets the Stage for Climate Neutrality with Innovative Geothermal Energy Project By: Robert Buluma Nestled in the heart of Bavaria, the picturesque town of Geretsried is poised to become a beacon of sustainable living and environmental stewardship with its latest groundbreaking initiative – a pioneering geothermal energy project. In a triumphant collaboration between the local government, the Geretsried Municipal Utilities, and Eavor Erdwärme Geretsried GmbH, the town has embarked on a journey towards a greener, more resilient future. The recent signing of a heat supply contract marks a significant milestone in Geretsried's quest for renewable energy dominance. With the agreement in place, Isar Loisach Naturwärme GmbH, a subsidiary of the Geretsried Municipal Utilities, will receive up to 81,200 MWh/year of clean, CO2-free heat from Eavor Erdwärme Geretsried GmbH. This partnership heralds a new era of sustainable energy production, positioning Geretsried as a trailblazer