Eastland Generation’s $20 Million Geothermal Bet: Unlocking New Energy Frontiers in New Zealand The global geothermal energy sector is entering a defining decade. As nations race toward energy security, decarbonization, and industrial resilience, geothermal is quietly emerging as one of the most reliable and underutilized renewable energy sources. Nowhere is this transformation more evident than in New Zealand, where has taken a bold step forward. With the confirmation of two new geothermal projects—Taumanu and Kopura—backed by up to $20 million in government-supported financing, Eastland Generation is not just expanding its portfolio. It is helping redefine how early-stage geothermal projects are financed, developed, and integrated into regional economies. A Strategic Injection: Funding That Changes the Game The New Zealand government, through its Regional Infrastructure Fund (RIF), has committed significant financial support to de-risk geothermal exploration—arguably the m...

First Gen Powers Robinsons Malls with 22 MW of Geothermal Energy: A Leap Towards Sustainable Retail in the Philippines The Philippines is steadily advancing in its renewable energy journey, and a recent landmark deal underscores this commitment. On March 13, 2026, First Gen Corporation , a leading renewable energy company in the country, signed an agreement to supply 22 megawatts (MW) of geothermal electricity to Robinsons Land Corporation (RLC) , one of the largest property and retail conglomerates in the Philippines. This deal will power key shopping malls in the Visayas and Mindanao regions, marking a significant step toward cleaner, more sustainable energy consumption in the commercial sector. The Scope of the Deal The agreement covers a total of eight malls and one supermarket , including some of the most prominent RLC properties in the Visayas and Mindanao: Robinsons Galleria Cebu Robinsons Fuente Cebu Robinsons Roxas Robinsons North Tacloban Robinsons Pagadian Robinso...

Fervo Energy Secures $421 Million in Non-Recourse Financing for Cape Station: A Major Milestone for Enhanced Geothermal Systems Posted on March 19, 2026 by Alphaxioms Geothermal News In a landmark development for the geothermal energy sector, Fervo Energy has successfully closed $421 million in non-recourse project financing for the first phase of its flagship Cape Station project. Announced today, this oversubscribed debt package signals the growing bankability of Enhanced Geothermal Systems (EGS) and positions Cape Station as a mature, utility-scale clean energy asset ready to meet surging demand for reliable, carbon-free power. Located in Beaver County, Utah (northeast of Milford), Cape Station is set to become the world's largest next-generation geothermal development. The project will deliver approximately 100 MW of operating capacity by early 2027, with first power to the grid expected in 2026. Plans call for scaling up to a total of 500 MW in subsequent phases. This financin...

Halliburton Secures Multiyear Geothermal Contract with KS Orka Renewables in Indonesia – Boosting Low-Carbon Energy Expansion Posted by: Alphaxioms Geothermal News | March 20, 2026 Indonesia's geothermal sector continues to gain momentum as a key player in the global transition to sustainable energy. In a significant development announced earlier this year, Halliburton has been awarded a multiyear contract by  KS Orka Renewables Pte. Ltd. to provide comprehensive well construction services for two major geothermal projects: PT Sorik Marapi Geothermal Power (SMGP) in North Sumatra and PT Sokoria Geothermal Indonesia (SGI) in East Nusa Tenggara (Flores). This strategic partnership underscores Halliburton's expertise in geothermal drilling and reinforces Indonesia's push toward expanding reliable, low-carbon baseload power.  Project Details and Scope KS Orka Renewables, affiliated with China's Kaishan Group Co., Ltd., is a growing force in Indonesia's geothermal landsc...

The Icelandic government has taken a major step forward in advancing its world-leading geothermal sector.  On March 19, 2026, the Loftslags- og orkusjóður (Climate and Energy Fund) announced the allocation of 600 million Icelandic krónur(approximately USD 4.3-4.5 million, depending on exchange rates) to support 11 innovative projects focused on innovation, technology development, and expanded utilization of geothermal resources. This funding round builds directly on the "Jarðhiti jafnar leikinn" (Geothermal Levels the Playing Field) initiative launched in late 2025, which initially committed around 1 billion ISK for exploration and utilization of geothermal energy across Iceland, particularly in underserved areas for district heating. The latest grants shift emphasis toward **next-generation technologies**, value creation beyond basic heating, and pushing the boundaries of what's possible in geothermal extraction. Minister of Environment, Energy, and Climate Jóhann Páll J...

  Croatia’s Geothermal Turning Point: How Four Cities Could Cut Heating Costs by 50% A Quiet Energy Revolution Beneath the Surface Across Europe, cities are searching for ways to cut energy costs, stabilize supply, and reduce emissions. In Croatia, a transformative opportunity is now emerging—not from imported fuels or complex energy markets, but from heat stored deep beneath the earth’s surface. Recent developments involving (HEP) and (AZU) have revealed a bold new direction: the integration of geothermal energy into district heating systems across four cities—, , , and . This is not just another infrastructure project. It is the beginning of what could become one of Europe’s most compelling case studies in geothermal district heating—where households may soon enjoy heating costs reduced by up to 50–70%. From Fossil Dependency to Geothermal Independence Currently, heating systems in these Croatian cities rely heavily on natural gas and fuel oil—energy sources that are not ...