Alphaxioms Geothermal News and Related Research Globally

GDC Partners with EGENCO to Unveil Malawi's Geothermal Potential: A New Era in Energy Exploration By: Robert Buluma In a significant move towards diversifying Malawi's energy portfolio, the Geothermal Development Company (GDC) has joined forces with the Electricity Generation Company of Malawi (EGENCO) to explore the untapped geothermal resources within the Rift Valley. This partnership marks a pivotal moment in the country's energy landscape, bringing with it the promise of a sustainable and reliable power source derived from the earth's natural heat. Malawi's geothermal potential has long been hinted at by the presence of hot springs scattered throughout the Rift Valley, with temperatures ranging from 35 to 75 degrees Celsius. These natural indicators of geothermal activity have piqued the interest of energy experts and scientists, but it wasn't until 2023 that concrete steps were taken towards harnessing this potential. Now, under the guidance of Dr. Maxon Ch

Baseload Capital Secures €53M in Series B Funding: A Major Leap for Geothermal Energy In a powerful stride towards revolutionizing the global energy landscape, Baseload Capital Sweden AB has successfully closed a €53 million Series B funding round. This monumental achievement signals a significant leap in scaling up geothermal energy—one of the world’s largest untapped and sustainable energy resources. The Power Behind the Funding Leading the charge in this Series B round is ENGF, a distinguished infrastructure fund backed by Ingka Investments, the financial powerhouse of the Ingka Group, the largest IKEA retailer. The round also attracted investments from energy technology giant Baker Hughes, Nefco, Breakthrough Energy Ventures, and Gullspång Invest. This robust investment lineup underscores the growing confidence in Baseload Capital's vision to unlock the geothermal energy sector's potential on a global scale. A Vision to Transform the Energy Sector Baseload Capital is not ju

Pioneering Energy Innovation: Exergy and PT PLN Indonesia Forge a Groundbreaking Partnership By: Robert Buluma In a world increasingly driven by the urgency of climate action, Exergy and PT PLN Indonesia have embarked on a visionary partnership that promises to redefine energy efficiency in the region. This collaboration, centered on the innovative use of waste heat recovery (WHR) technology, is not just another step in the evolution of sustainable energy—it’s a leap. Imagine harnessing the heat typically lost in power generation and converting it into something truly valuable: electricity. This is precisely what Exergy's state-of-the-art Organic Rankine Cycle (ORC) systems are designed to do. By capturing waste heat from gas turbines and engines, these systems can transform what would have been wasted energy into a powerful resource, reducing the need for fossil fuels and cutting down on harmful emissions. But this partnership is about more than just technology—it's about the

Orkuveitan’s Ambitious Geothermal Drilling Project: Paving the Way for a Sustainable Future By :  Robert Buluma In a landmark move toward bolstering Iceland’s energy security and sustainability, Orkuveitan, the Reykjavik-based energy company, has launched a significant tender process for its latest geothermal drilling initiative. This project, which aims to drill 35 new exploratory and water extraction wells by the end of 2028, marks the largest water procurement venture in recent years. With its eyes set on a carbon-neutral future, Orkuveitan is taking a crucial step forward in ensuring the sustainability of the nation’s geothermal resources. The primary goal of this extensive drilling project is twofold: to secure long-term water supply for the nation’s heating needs and to explore new geothermal fields that hold potential for future development. The company’s approach to this project reflects a commitment to environmental stewardship, utilizing electric drilling rigs to minimize car

Sage Geosystems and Meta Unveil a Groundbreaking Geothermal Power Partnership: A New Era of Clean Energy Innovation By: Robert Buluma In an unprecedented move that promises to reshape the landscape of renewable energy in the United States, Sage Geosystems (Sage) and Meta Platforms, Inc. (Meta) have announced a pioneering agreement to harness the power of next-generation geothermal energy. This partnership, revealed at the U.S. Department of Energy’s (DOE) Catalyzing Next Generation Geothermal Development Workshop, marks the first implementation of advanced geothermal power east of the Rocky Mountains—a milestone that could catalyze a seismic shift in how we meet our growing energy demands. The deal between Sage and Meta, which aims to deliver up to 150 MW of new geothermal baseload power to support Meta’s rapidly expanding data centers, is more than just a business agreement. It is a statement of intent, showcasing the critical role that clean, firm, and resilient power sources will pl

Italy to Host Its First Geothermal Congress This November By:  Robert Buluma Italy is set to host its inaugural Geothermal Congress, "ITALIAN GEOTHERMAL - 1° Forum Internazionale sulla Geotermia," on November 11th and 12th, 2024. This landmark event will take place at the Centro Congressi Auditorium della Tecnica in Rome, bringing together global leaders, experts, and stakeholders in the geothermal energy sector to discuss the latest developments, opportunities, and challenges in this growing field. Organized by key players in the Italian geothermal industry, including the Unione Geotermica Italiana (UGI), Associazione Italiana Riscaldamento Urbano (AIRU), Consiglio Nazionale Geologi, Rete Geotermica, and Associazione Nazionale Impianti Geotermia Heat Pump (ANIG HP), the forum aims to foster international dialogue and collaboration on geothermal energy's potential. The event will provide a platform for exchanging ideas and exploring the risks and rewards associated with g

"Harnessing the Power Beneath: TU Freiberg's New Master's Program in Geothermal Energy" By:  Robert Buluma The earth beneath our feet is more than just solid ground—it's a reservoir of untapped potential. With the global push towards sustainable energy solutions, geothermal energy has emerged as a promising frontier. Recognizing this, the Technische Universität (TU) Bergakademie Freiberg is launching an exciting new Master's program in Geothermal Energy, beginning in the summer semester of 2025.  "Geothermal energy is a growth market," says Professor Traugott Scheytt, the program's director. This assertion is not just rhetoric; it's a vision that TU Freiberg is turning into reality. The program is designed to equip students with the knowledge and skills needed to forge successful careers in this burgeoning field. But this isn't your average graduate program. Students will have the opportunity to craft a highly individualized specializatio