Alphaxioms Geothermal News and Related Research Globally

SLB and Ormat Join Forces to Revolutionize Geothermal Energy By: Robert Buluma In an exciting leap toward a sustainable future, SLB has announced a strategic collaboration with Ormat Technologies, Inc., a leading renewable energy company, to develop and deliver cutting-edge geothermal projects. This partnership aims to revolutionize the geothermal energy landscape by reducing project risks, enhancing economics, and ensuring long-term performance and reliability. A Comprehensive Suite of Solutions The collaboration will offer developers an integrated suite of solutions that cover every phase of geothermal projects. From initial exploration and resource assessment to power plant commissioning and operation, SLB and Ormat are committed to providing a seamless and comprehensive approach. Next-Generation Geothermal Solutions Together, SLB and Ormat will offer both traditional geothermal solutions and next-generation technologies like enhanced geothermal systems (EGS) and advanced geothermal

Fervo Energy Secures Landmark 320 MW Power Purchase Agreements with Southern California Edison By: Robert Buluma In a move that underscores the growing demand for sustainable energy solutions, Fervo Energy, a pioneer in next-generation geothermal technology, has announced two monumental power purchase agreements (PPAs) with Southern California Edison (SCE). Totalling 320 MW, these agreements represent the world's largest geothermal PPAs to date, cementing geothermal energy's critical role in the transition to a cleaner energy future. A Milestone in Clean Energy Set against the backdrop of California's ambitious clean energy goals, the 15-year agreements will see SCE purchasing 24/7 carbon-free geothermal energy from Fervo's Cape Station project in southwest Utah. This power will serve approximately 350,000 homes across Southern California, bolstering the state's grid reliability with a steady supply of renewable energy. David Hochschild, Chair of the California Ener

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