Drilling rig at the Kaynarpinar site in Turkiye

Wedoany.com Report-Feb 16, Ignis H2 Energy Inc. has announced the successful completion of its first geothermal exploration well in Türkiye. This announcement comes a few months after the commencement of exploration drilling in Kaynarpinar geothermal exploitation lease area in eastern Türkiye.

The completion of the well has confirmed the accuracy and validity of the geological model, demonstrating artesian flow and commercially viable temperature levels. These findings indicate strong potential for commercial-scale geothermal energy production from a robust and stable geothermal system, thus supporting the site’s technical and economic viability.

The company had acquired the Kaynarpinar license back in 2023, with a positive disposition on its geothermal potential as the area lies at the intersection of two of Türkiye’s largest fault zones. Previous geochemical and geophysical studies had also been done at the site, including a shallow drilling.

With this achievement, Ignis H2 Energy strengthen its position in the geothermal sector of Türkiye, where it has managed to develop a sizable portfolio of projects. Ignis has also secured geothermal licenses in Alaska, Nevada, California, and Italy.