Alphaxioms Geothermal News and Related Research Globally

Supreme Energy: Powering Indonesia’s Future with Geothermal Energy By: Robert Buluma Geothermal energy continues to gain traction in Indonesia as a sustainable and reliable energy source, thanks to visionary initiatives like those of Supreme Energy. Backed by an unwavering commitment to environmental sustainability and energy security, Supreme Energy has positioned itself as a leader in geothermal development across Indonesia. Powering Progress: The Landmark Power Purchase Agreement   In December 2012, Supreme Energy, in collaboration with Japan’s Marubeni and France’s GDF Suez, signed a groundbreaking Power Purchase Agreement (PPA) with Perusahaan Listrik Negara (PLN). This partnership set the stage for the development of the Rantau Dedap geothermal power plant in South Sumatra, a project worth $2.2 billion. The Rantau Dedap plant, with its planned two 110 MW generators, underscores Indonesia's ambition to harness its geothermal potential. Despite logistical challenges posed ...

Unlocking the Hidden Potential of Australia's Geothermal Energy with Google's Digital Future Initiative Robert Buluma Auckland ,New Zealand Australia, a land renowned for its abundant sunshine and windswept landscapes, might soon tap into another game-changing renewable energy resource—geothermal energy. Beneath its crust lies a largely untapped source of clean, stable, and round-the-clock energy: the loo olP Earth's natural heat. This revolutionary energy source has the potential to redefine Australia's energy future, thanks to Google's innovative Digital Future Initiative. Geothermal Energy: A Clean and Reliable Power Source Unlike solar and wind, which are dependent on weather conditions, geothermal energy is a constant, dependable energy source that can significantly cut carbon emissions. It can heat and cool buildings, provide electricity, and even support agricultural activities. Despite its enormous promise, geothermal energy has been underutilized globally d...

Turkana County Government and Geothermal Development Company Sign Collaborative Framework Agreement for Geothermal Development By : Robert Buluma In an exciting development for the region, the Turkana County Government and the Geothermal Development Company  GDC have signed a groundbreaking Collaborative Framework Agreement (CFA). The agreement marks a major milestone in the pursuit of harnessing Turkana County’s geothermal potential, opening doors to significant economic growth and opportunities for the local community. Key Areas of Collaboration The CFA outlines several strategic areas where both parties will collaborate to unlock the full potential of Turkana's geothermal resources. These key points include: Joint Marketing of Geothermal Opportunities : Both parties will work together to promote and market geothermal opportunities in the region to attract investment and expertise. Collaboration in Scientific Surface Studies : A strong focus will be placed on conducting in-d...

El Salvador Mines 474 Bitcoin Worth $29 Million with Volcano-Fueled Geothermal Power By:  Robert Buluma El Salvador is revolutionizing cryptocurrency mining by harnessing the natural power of its volcanoes. Since 2021, the Central American nation has mined an impressive 474 Bitcoins using geothermal energy derived from the Tecapa volcano, valued at approximately $29 million at current Bitcoin prices.   A Renewable Energy-Powered Breakthrough   This groundbreaking initiative is part of El Salvador’s larger strategy to merge cryptocurrency with renewable energy. Geothermal energy, which accounts for 25% of the country's electricity production, plays a crucial role in powering these operations. The state-owned geothermal company, LaGeo, operates two major plants that generate a combined 204 megawatts of power. From this capacity, 1.5 megawatts are used to sustain the mining of Bitcoin, a process often criticized globally for its energy consumption and environmental...

Vienna's Leap Into Carbon-Neutral Energy: Inside the City's First Deep Geothermal Plant   By:  Robert Buluma Image of the city of Aspen in a blink mid_winter Vienna, a city famed for its historical landmarks and cultural elegance, is making headlines for something entirely different — the groundbreaking development of its first deep geothermal energy plant. Nestled in Aspern, within the city’s 22nd district, this ambitious project by OMV AG and Wien Energie GmbH is set to revolutionize how Vienna powers its homes, all while paving the way to a sustainable, carbon-neutral future.    The Heart of the Project: Drilling Deep for a Better Tomorrow   This isn’t just another energy project; it’s a bold leap into the future. Drilling into the depths of the Aderklaaer Konglomerat, a natural hot water reservoir sitting 3,000 meters below Vienna’s surface, this initiative taps into geothermal energy — an inexhaustible, renewable source of heat. By 2028, this...

Revolutionizing Geothermal Energy: Exergy Partners with Baseload Power Iceland to Transform Kopsvatn  By: Robert Buluma Image: Baseload Iceland,C.E.O Marta Ros Karlsdottir and Exergy's Luca Pozzoni shake hands upon signing of the LOI , Image source Exergy on LinkedIn In a groundbreaking development for geothermal energy, Exergy has signed a Letter of Intent (LOI) with Baseload Power Iceland to supply two Organic Rankine Cycle (ORC) units for the Kopsvatn geothermal power plant in Flúðir, Iceland. This partnership signifies a monumental leap in the utilization of small-scale binary systems that combine heat and power, paving the way for a global revolution in sustainable energy production.    A Milestone in Small-Scale Geothermal Innovation   The Kopsvatn geothermal power plant project embodies innovation at its finest. By integrating Exergy’s state-of-the-art ORC technology with Baseload Power Iceland’s strategic vision, this collaboration underscores the i...

Fervo Energy  Secures $255 Million to Power the Next Generation of Geothermal Energy Robert Buluma As the global push for sustainable energy solutions intensifies,  Fervo Energy has emerged as a trailblazer in revolutionizing geothermal technology. On December 19, 2024, Fervo announced a monumental achievement—securing $255 million in funding to accelerate the development of its enhanced geothermal systems (EGS). This groundbreaking initiative positions Fervo as a leader in the race to meet the soaring demand for 24/7 carbon-free energy.  A Leap Towards Energy Innovation   The funding includes $135 million in corporate equity, spearheaded by Capricorn’s Technology Impact Fund II, alongside investments from esteemed entities like Breakthrough Energy Ventures and CPP Investments. A $120 million credit facility from Mercuria further bolsters Fervo’s financial foundation, ensuring the rapid deployment of EGS projects across the United States.   Fervo ...