Core Viewpoint - Tibet is accelerating the construction of a national clean energy industry base, leveraging its abundant renewable energy resources, including hydropower, solar, geothermal, and wind energy [1][2] Group 1: Renewable Energy Resources - Tibet has a theoretical hydropower resource capacity of 210 million kW, with an annual electricity generation potential of 1.84 trillion kWh, and a technically exploitable installed capacity of 176 million kW, accounting for approximately 26% of the national total [1] - The region has about 98% classified as areas rich in solar energy, with an annual average solar radiation of 6000-8000 MJ/m², making it the highest in the country [1] - Tibet has established over 400 various photovoltaic power stations and more than 200,000 household solar photovoltaic systems, leading the nation in both the number and installed capacity of independent photovoltaic power stations [1] Group 2: Geothermal Energy - Geothermal energy is highlighted as one of the most competitive renewable energy sources, with over 700 natural hot springs in Tibet and high-temperature geothermal resources accounting for over 80% of the national total [2] - The Yangbajing Geothermal Power Plant has historically contributed 60% of the total winter electricity generation and 40% in summer for the central Tibet power grid, with cumulative electricity generation exceeding 3.5 billion kWh by 2020 [2] - The operation of the Yangbajing Geothermal Power Plant has saved over 1 million tons of standard coal and reduced carbon dioxide emissions by over 4 million tons, playing a significant role in the economic and environmental development of the Lhasa region [2] Group 3: Integrated Energy System - Tibet has established a comprehensive energy system primarily based on hydropower, complemented by solar, wind, and geothermal energy, and has achieved interconnection with power grids in other provinces [2] - Clean renewable energy has become one of Tibet's most advantageous industries, leading to a gradual transformation in the production and lifestyle of its residents [2]

Core Insights - Pulsar Helium Inc. has reported a promising independent Pre-Feasibility Study (PFS) confirming the geothermal reservoir potential and helium production opportunity at the Tunu project in East Greenland [1][2][4] Project Overview - The Tunu project is located near Ittoqqortoormiit, with estimated geothermal reservoir temperatures between 80–130°C, driven by conductive faults and fractures [2][6] - The project aims to supply renewable power to the local community while enabling commercial helium extraction, positioning it as a dual clean energy and industrial gas project [2][4] Pre-Feasibility Study Findings - The PFS indicates potential flow rates of up to ~720 m³/hour, sufficient to supply clean energy to Ittoqqortoormiit and provide surplus capacity for helium separation [6][8] - In high-case scenarios, helium recovery could reach ~350 thousand cubic feet (Mcf) per day, making Tunu one of the most prospective primary helium opportunities in Europe [6][8] - Estimated capital expenditures for the project are between USD $20–30 million, highlighting realistic pathways for integrated helium and renewable power production [6][8] Infrastructure Developments - The Governments of Greenland and Denmark are funding a new airport at Ittoqqortoormiit, with construction expected to begin in 2026, which will enhance logistics for Pulsar's future field programs [10][11] - The new airport will provide year-round access to the region, significantly reducing logistical costs and improving the economic outlook for the Tunu project [10][11] Project Progress - Over the past 18 months, Pulsar has advanced Tunu from a conceptual opportunity to a defined project, with early surface exploration revealing helium concentrations as high as 0.8% [11][12] - A passive seismic survey identified low-velocity anomalies indicating fractured reservoirs capable of storing and channeling helium-rich fluids [12][13] Regulatory and Licensing - Pulsar is the first company licensed for helium exploration in Greenland, holding an exclusive Mineral Exploration Licence 2025/101, which provides a long-term foundation for project development [14][18]

Core Viewpoint - Pulsar Helium Inc. has signed an agreement with Sproule-ERCE to conduct a Pre-Feasibility Study for the Tunu helium-geothermal project in East Greenland, marking a significant milestone for the company as it advances one of the few primary helium occurrences in Europe [1][2]. Company Overview - Pulsar Helium Inc. is a leading helium project development company, publicly traded on the AIM market of the London Stock Exchange and the TSX Venture Exchange, with a focus on helium and geothermal energy projects [11]. - The company holds exclusive rights for helium exploration in Greenland, being the first to receive a license for helium exploration in the country [6]. Tunu Project Details - The Tunu Project is located on the east coast of Greenland, near Ittoqqortoormiit, and is notable for helium concentrations in sampled hot springs reaching up to 0.8% [5]. - The project also shows significant geothermal energy prospects, with reservoir temperatures estimated between 80°C and 110°C, allowing for potential cogeneration of power and heat [5]. - A passive seismic survey conducted in 2024 identified two main low-velocity anomaly zones, indicating fractured reservoirs that could trap helium [6]. Pre-Feasibility Study (PFS) - The PFS will evaluate existing geothermal opportunities alongside potential helium extraction, utilizing advanced geophysical data interpretation [7]. - The study is led by Sproule-ERCE, which has a strong track record in geothermal resource assessment and project development, having supported over 200 megawatt (MWth) of geothermal heat capacity globally [7]. - The PFS is scheduled for completion by the end of August 2025, providing a robust technical and economic foundation for future project decisions [7]. Strategic Importance - The Tunu project is positioned to support Europe's critical raw materials and clean energy ambitions, with the potential for renewable geothermal power for the local community [4][6]. - The project's location allows for efficient transport of helium to the European market, enhancing its strategic value [6].

Core Viewpoint - Pulsar Helium Inc. has signed an agreement with Sproule-ERCE to conduct a Pre-Feasibility Study for the Tunu helium-geothermal project in East Greenland, marking a significant milestone for the company as it advances one of the few primary helium occurrences in Europe [1][2]. Company Overview - Pulsar Helium Inc. is a leading helium project development company, publicly traded on the AIM market, TSX Venture Exchange, and OTCQB [11]. - The company holds exclusive rights for helium exploration in Greenland and has identified primary helium occurrences not associated with hydrocarbons [6][11]. Tunu Project Details - The Tunu Project is located on the east coast of Greenland, near Ittoqqortoormiit, and features helium concentrations in hot springs reaching up to 0.8% [5]. - The project also shows significant geothermal energy potential, with reservoir temperatures estimated between 80°C and 110°C, allowing for potential cogeneration of power and heat [5]. - A passive seismic survey conducted in 2024 identified two main low-velocity anomaly zones, indicating potential helium trapping reservoirs [6]. Pre-Feasibility Study (PFS) - The PFS will evaluate geothermal opportunities alongside potential helium extraction, utilizing advanced geophysical data interpretation [7]. - Sproule-ERCE, with a strong track record in geothermal resource assessment, will lead the study, which is expected to be completed by the end of August 2025 [7]. - The PFS aims to provide a robust technical and economic foundation for future project decisions [7]. Licensing and Regulatory Status - Pulsar holds Special Mineral Exploration Licence 2021-45 and has applied for an exclusive exploration licence for part of the licence area, which is currently in 'License Pending' status [8]. - The new licence will have an initial term of five years, extendable to a maximum of 22 years, subject to certain conditions [8].

Core Insights - Ormat Technologies (ORA) reported quarterly earnings of $0.68 per share, exceeding the Zacks Consensus Estimate of $0.58 per share, and showing an increase from $0.65 per share a year ago, resulting in an earnings surprise of 17.24% [1] - The company posted revenues of $229.76 million for the quarter ended March 2025, which was 1.44% below the Zacks Consensus Estimate, but an increase from $224.17 million year-over-year [2] - Ormat Technologies has outperformed the S&P 500, gaining approximately 6.4% since the beginning of the year, while the S&P 500 has declined by 4.7% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.41, with expected revenues of $225.88 million, and for the current fiscal year, the EPS estimate is $2 on revenues of $955.06 million [7] - The estimate revisions trend for Ormat Technologies is mixed, leading to a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6] Industry Context - The Alternative Energy - Other industry, to which Ormat Technologies belongs, is currently ranked in the bottom 37% of over 250 Zacks industries, suggesting potential challenges ahead [8]