Alphaxioms Geothermal News and Related Research Globally

Exploring a Greener Future: CU Boulder and Eavor Technologies Partner for Geothermal Energy Breakthrough By: Robert Buluma Boulder, CO -  — In a pioneering move towards sustainable energy, the University of Colorado Boulder (CU Boulder) has been awarded nearly $700,000 through the Colorado Energy Office's Geothermal Energy Grant Program (GEGP).  This funding, announced by Governor Jared Polis in Pueblo, will support cutting-edge studies aimed at harnessing geothermal energy to reduce the university’s greenhouse gas emissions and energy costs. Eavor Technologies, a trailblazer in geothermal technology, joins CU Boulder in this ambitious endeavor. Their collaboration aims to explore the potential of geothermal energy to slash the university’s Scope 1 and 2 GHG emissions while providing a reliable, renewable energy source. "We are excited to contribute our expertise on geothermal to CU Boulder’s geothermal studies," said Jeanine Vany, Eavor co-founder and executive vice pres

Exciting News: The United States Commits $126 Million to Indonesian Geothermal Energy Project By: Robert Buluma JAKARTA, INDONESIA – In a powerful stride towards a sustainable future, the U.S. International Development Finance Corporation (DFC) has announced a landmark investment of up to $126 million in the Indonesian power company PT Medco Cahaya Geothermal. This significant commitment, unveiled by DFC’s Deputy Chief Executive Officer Nisha Biswal, underscores a deepening partnership between the United States and Indonesia in the realm of renewable energy. A Boost for Indonesia’s Energy Security The investment will bolster the development of the Ijen Geothermal power plant’s 31MW Phase I in East Java, a densely populated province with 40 million residents. This project promises to enhance the Java-Bali grid, Indonesia's largest power system, by providing essential low-carbon baseload power. With this initiative, the United States and Indonesia are not only aiming to strengthen en

Occidental Petroleum and Berkshire Hathaway Join Forces to Revolutionize Lithium Extraction from Geothermal Brine By: Robert Buluma In an exciting development for the energy sector, Occidental Petroleum (Oxy) has announced a groundbreaking joint venture with Berkshire Hathaway to commercialize direct lithium extraction (DLE) from geothermal brine in California's Salton Sea. This initiative represents a significant step towards sustainable lithium production, leveraging cutting-edge technology and the vast geothermal resources of the region.  A Game-Changing Partnership Occidental Petroleum, a Houston-based oil and gas giant, is collaborating with its largest shareholder, Berkshire Hathaway, to tap into the lucrative and essential market of lithium production. This partnership is set to utilize geothermal waste brine, a byproduct from Berkshire’s extensive network of geothermal plants, as the primary feedstock for lithium extraction. The Salton Sea, home to 10 geothermal plants owne

United Kingdom's First Geothermal Power Plant Set to Revolutionize Energy Sector By: Robert Buluma Image: Exergy ORC Turbine To Be Used At athe United Downs Site by Gel at Cornwal The United Kingdom is on the cusp of a significant milestone in its renewable energy journey with the imminent launch of its first geothermal power plant. This groundbreaking project, managed by Geothermal Engineering Limited (GEL) under the visionary leadership of Ryan Law, promises to deliver sustainable baseload power for electricity and heating while ambitiously seeking to harness lithium from geothermal brine. A Game-Changer in Renewable Energy Located in Cornwall, this pioneering geothermal power plant is set to transform the UK's energy landscape. The plant, which has been in development for a Great time, recently reached crucial milestones that bring it closer to full operation. Central to this progress was the installation of an Organic Rankine Cycle (ORC) turbine from Exergy, a company renow

Google’s Bold Step Towards Carbon-Free Energy: A Geothermal Power Partnership with Buffett's NV Energy By: Robert Buluma In a significant move towards sustainable energy, Alphabet Inc.'s Google has forged a partnership with Nevada’s utility giant, NV Energy, and the innovative geothermal startup, Fervo Energy. This collaboration marks a strategic effort to power Google’s data centers using clean, renewable energy derived from the Earth's heat. Harnessing Earth's Heat for Tech Giants Geothermal energy, unlike its solar and wind counterparts, offers a distinct advantage: it can operate continuously, providing a steady stream of electricity 24/7. By tapping into the heat stored in underground rocks, geothermal plants generate electricity without any carbon emissions. Fervo Energy employs advanced horizontal drilling techniques within geothermal reservoirs to maximize energy output, making this source of energy even more efficient. Powering the Future with Geothermal Energy

ON Power and Iceland Drilling Company Forge Path to a Sustainable Future in Hengill By: Robert Buluma Image: Iceland,Gunnhover Geothermal Area In a bold stride towards sustainable energy, ON Power has teamed up with Iceland Drilling Company to undertake a monumental project set to transform the Hengill area. This groundbreaking initiative will see Iceland Drilling Company drill eight production wells for ON Power between 2025 and 2027, a venture that promises to bolster Iceland's reputation as a leader in renewable energy. Árni Hrannar Haraldsson, the visionary CEO of ON Power, couldn't contain his enthusiasm as he spoke about the project. "It's crucial to harness the power of ON Power," he remarked, "Our resilience in producing hot water and electricity has been a cornerstone of our success, and this project will only enhance our capabilities." His confidence is rooted in ON Power's proven track record of sustainable energy production, a testament t

Geothermal Energy: The Backbone of Kenya’s Renewable Future By :  Robert Buluma In a bold move towards sustainable development, Kenya’s government has earmarked KSH 14 billion for the geothermal energy sector in its 2024/2025 financial budget. This allocation is part of a comprehensive budget that totals KSH 3.992 trillion, with KSH 69.7 billion dedicated to ensuring reliable and affordable energy for the nation. As this budget awaits parliamentary approval, the implications for the geothermal sector are profound, signaling a significant boost particularly for exploration phases and the overall realization of Kenya's geothermal potential.  Powering Progress: Why Geothermal Matters Geothermal energy, harnessed from the Earth’s natural heat, presents a stable, renewable energy source that can provide continuous power irrespective of weather conditions. This makes it a cornerstone for sustainable energy strategies, especially for countries like Kenya, which sit atop significant geothe