Star Energy increases its stake to 71% in A14 Energy Ltd, solidifying its influence in geothermal exploration in the Pannonian Basin with three strategic licenses.
Geothermal energy could meet 15% of the global electricity demand by 2050, according to the International Energy Agency. This potential relies on cost reductions and increased technological adoption.
To reduce its dependency on Russian gas, the European Union is betting on geothermal energy, a renewable and local solution. This strategic lever aims to strengthen its energy sovereignty and accelerate the transition to a decarbonized future.
Austin Energy partners with Exceed Energy Inc. to develop a 5 MW geothermal pilot project near Nacogdoches, Texas. This initiative aims to enhance the sustainability and reliability of the power grid, with operations expected to begin in 2025.
The Indonesian geothermal energy developer, Star Energy Geothermal, partners with Kyndryl to integrate generative artificial intelligence and cloud technologies into its operations, aiming for better efficiency and a strengthened energy transition.
The Canadian government supports the geothermal project led by the Acho Dene Koe First Nation, aiming to reduce diesel usage and stimulate economic development in the Northwest Territories.
Ormat Technologies will partner with Contact Energy to build a 101 MW geothermal power plant in New Zealand, a key project that supports the national zero-emissions goal and strengthens Ormat's market position.
Sinopec connects its first geothermal power production project in China to the grid, marking progress in clean energy integration and helium extraction, a strategic resource for various industrial sectors.
The Tu Deh-Kah geothermal project by the Fort Nelson First Nation aims to produce up to 15 MWe of sustainable energy for the Fort Nelson region, marking a strategic investment for energy independence.
