Global Geothermal Power: Policies, Funding, Wells, Strengths, Opportunities and Barriers Geothermal is moving into a broader investment cycle. In 2026, the story is no longer limited to volcanic power plants in a few classic markets; it now includes enhanced geothermal systems, closed-loop designs, district heating, superhot rock, lithium from brines and industrial heat. Across the United States, Canada, Germany, the United Kingdom, Australia, New Zealand, Japan, Iceland, France and Italy, the sector is being shaped by a simple question: who is de-risking the first wells, and who is ready to finance the next ones? United States: the next-generation testbed The United States has the broadest geothermal innovation ecosystem in this group, with a mature conventional base in the West and a fast-growing next-generation pipeline. The main policy signal in 2026 is the Department of Energy’s US$171.5 million funding opportunity for next-generation geothermal field-scale tests, exploration...
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President Yoon Seok-yeol's state visit included a visit to the Barakah nuclear power plant (Image: Office of the President)
The leaders of South Korea and the United Arab Emirates have agreed to strengthen their partnership and collaborate more closely in the peaceful use of nuclear energy. During a meeting between Korean President Yoon Seok-yeol and UAE President Mohammed bin Zayed Al-Nayhan, several memorandums of understanding were signed to deepen and accelerate cooperation in this area. The two leaders also agreed to strengthen cooperation in other areas, such as conventional and clean energy, economy and investment, and defense and defense technology, as well as emerging industries and culture.
The joint statement released by the two countries recognized the importance of nuclear power as a source of energy security and a crucial element in the transition to a clean economy. The leaders expressed their determination to deepen and accelerate collaboration in the peaceful nuclear energy sector, not only by completing the Barakah Nuclear Energy Plant project but also by pursuing additional nuclear projects in the UAE and third countries.
The agreements signed included a Net-Zero Acceleration Strategic Cooperation memorandum of understanding between Korea Hydro & Nuclear Power and the Emirates Nuclear Energy Corporation. This MoU will form a consultative body and expand practical cooperation in the field of developing export markets for nuclear power plants in third countries and joint procurement of business finance. The two companies also plan to cooperate closely in future technology development and R&D joint research, such as small modular reactors and micro-reactors.
Korea's Nuclear Safety and Security Commission also signed an administrative agreement with the UAE's Federal Authority for Nuclear Regulation. This agreement will simplify the nuclear export permit procedure between the two countries and allow the NSSC and FANR to directly handle nuclear export permits.
Overall, the agreements signed during this state visit marked a significant step forward in achieving carbon neutrality and securing energy security through nuclear power and future technologies. Both countries look forward to continuing to strengthen their cooperation in the years to come
Source: World Nuclear News
#Nuclear #UAE #Korea
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