Ignis H2 Energy unveiled plans for a strategic collaboration with Jakarta-based Imeco Inter Sarana to expedite the progress of identifying geothermal opportunities in Indonesia.
According to the company, the partnership with Imeco enables Ignis to use its technical expertise and Imeco's capabilities to introduce geothermal baseload power into the Indonesian market.
The Houston-based company assesses and evaluates geothermal opportunities based on their technical and financial risks and resource sustainability.
The company has projects in the US, Italy, and Turkey. By tapping into Indonesia's geothermal potential, the company aims to achieve 1 GW of proven geothermal reserves by 2030. Ignis’ sister company, Geolog International, has operated in Indonesia since 2007 and brings decades of experience in subsurface characterization and drilling optimization to the partnership.
The companies said that their collaboration signifies a significant step forward in Indonesia's geothermal development efforts. Other companies developing Indonesia’s geothermal energy resources include Chevron New Energies; Pertamina Geothermal Energy (PGE), a subsidiary of the Indonesian NOC; and Mubadala Energy.
According to Rystad Energy, PGE is a leader among competitors in low-carbon expenditure in Southeast Asia. The analytics firm noted that PGE’s dedication to expanding geothermal projects is demonstrated by its investments of about $1.6 billion between 2023 and 2026.
In November 2023, PGE signed a joint study agreement with Chevron New Energies International and Abu Dhabi’s Mubadala Energy to explore the geothermal potential in Kotamobagu, North Sulawesi, Indonesia.
As the nation looks to diversify its energy sources and embrace sustainable alternatives, this collaboration aims to advance Indonesia's energy transition.
