Alphaxioms Geothermal News and Related Research Globally

Chevron and PGE Join Forces to Unlock Geothermal Potential in WKP Way Ratai On September 25, 2024, a monumental step was taken in Indonesia’s renewable energy journey. PT Cahaya Anagata Energy (CAE), a joint venture between PT Pertamina Geothermal Energy Tbk (PGE) and Chevron New Energies Holdings Indonesia Ltd., officially received the long-awaited Geothermal Permit (IPB) for the Way Ratai Geothermal Working Area (WKP) in Lampung. This collaboration promises to set new benchmarks in geothermal exploration and development, marking a pivotal moment for Indonesia’s clean energy ambitions. A Breakthrough in Energy Bureaucracy The symbolic handover of the IPB took place at the Directorate General of New, Renewable Energy, and Energy Conservation (EBTKE) in Central Jakarta, with key energy leaders present. What makes this milestone even more significant is that this was the first geothermal permit processed entirely online through the Online Single Submission (OSS) system. This technologica

Archi and Ormat Join Forces to Unlock North Sulawesi's Geothermal Potential In an exciting venture that marks a new chapter in Indonesia’s renewable energy landscape, PT Archi Indonesia and Ormat Technologies Inc. have established a joint venture, PT Toka Tindung Geothermal (TTG). This partnership aims to explore and harness geothermal energy in the Bitung area of North Sulawesi, leveraging the geothermal potential around Archi’s Toka Tindung gold mine. Ormat, a global leader in geothermal energy development, holds a 75% stake in the joint venture, while Archi, a pure-play gold mining company, owns the remaining 25%. This collaboration exemplifies how industries traditionally associated with mining and fossil fuels are now shifting towards sustainable energy practices. As part of the agreement, Ormat will spearhead exploration activities, focusing on the Klabat Wineru geothermal prospect. Once the geothermal potential is confirmed, Ormat will also oversee the design, engineering, a

Medco Power's Unique Position as the Sole Bidder for North Sumatra Geothermal Prospect Medco Power Indonesia has emerged as the sole bidder for a promising geothermal prospect in North Sumatra, positioning itself as the leading contender for this significant project. This unique status raises questions about the circumstances leading to Medco's exclusive bid and what it reveals about the company’s strategic direction. Reasons for Medco Power’s Sole Bidder Status One of the primary reasons Medco Power stands alone in this bid could be attributed to the complexity and high capital requirements associated with geothermal projects in Indonesia. Developing geothermal resources requires significant upfront investment, cutting-edge technology, and technical expertise in drilling, resource assessment, and plant operation. Medco, with its long-standing experience in the energy sector, has both the financial and operational strength to tackle these challenges.  Moreover, Indonesia’s geot

Medco Energi’s Ambitious Geothermal Plans for the Ijen Project: A Green Energy Revolution in the Making In an era where renewable energy is no longer just an option but a necessity, Medco Energi Internasional Tbk (MEDC) is at the forefront of the green revolution in Indonesia. The company's latest strides in geothermal energy, particularly the Ijen Geothermal Power Plant (PLTP) project in East Java, serve as a testament to its commitment to a cleaner, more sustainable future. As the global energy market shifts, Medco Energi is positioning itself as a key player, not only in Indonesia but on the international stage. The Ijen PLTP project, with its 110-megawatt (MW) capacity, represents a giant leap forward for both the company and the nation’s energy landscape. A Clean Energy Giant Emerges Medco Energi’s Director & Chief Operating Officer, Ronald Gunawan, recently unveiled some exciting updates about the Ijen geothermal project during the 2024 Medco Energi Public Expose Live. Ac

A New Chapter for Geothermal Exploration in NRW: A Major Research Drilling Project The Geologischer Dienst Nordrhein-Westfalen (GD NRW) has just launched an exciting new phase in its mission to unlock the geothermal potential of the region. On September 9, 2024, the official announcement was made for the launch of a research drilling project, marking a significant milestone in NRW's efforts to tap into sustainable energy resources. This ambitious project is focused on exploring the geothermal capacity of the "Kohlenkalk" rock layer, with the aim of drilling up to 1,000 meters deep. The insights gained from this project could shape the future of renewable energy in the region and contribute to the ongoing transition towards clean, sustainable power. The seismically driven preliminary investigations have already indicated promising results, adding to the anticipation surrounding the upcoming drilling scheduled for March 2025. A Multi-Phase Approach to Innovation The researc

Cowi  to Spearhead 100MW Geothermal Power Plant Expansion in Iceland: A Leap Toward Renewable Innovation By:  Robert Buluma In a major stride toward sustainable energy development, Cowi , a leading engineering firm, has secured the design contract for the expansion of the Hellisheidi Geothermal Power Plant in Iceland. This ambitious project, driven by ON Power , will see the plant's capacity increase by 100MW, further solidifying Iceland's commitment to harnessing its geothermal potential.  The Hellisheidi plant, located just 18km from Reykjavik, serves as a cornerstone for Iceland's energy landscape, providing both electricity and hot water for domestic heating. With the ongoing expansion, the plant’s heating output will rise from 200MW to 300MW, ensuring more homes and businesses in Reykjavik benefit from geothermal energy. A Legacy of Excellence Cowi's  involvement in the Hellisheidi project dates back to its early phases, when the firm, formerly known as Mannvit in

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