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...
"Unleashing a Geothermal Powerhouse: Pertamina Geothermal Revamps IPO with a Whopping $611 Million Valuation!"
Indonesia's Pertamina Geothermal Energy, a subsidiary of the state energy company Pertamina, has refined the expected price range for its highly-anticipated initial public offering (IPO). The range, now set between 875 to 880 rupiah per share, values the IPO at a staggering 9.11 trillion rupiah (approximately $611 million), marking the largest such offering in Indonesia in almost a year, following the record-breaking $1.1 billion listing of technology firm, GoTo, in April.
This latest development sees the price range significantly narrowed from the initial 820 to 945 rupiah range outlined in the prospectus just three days prior. Pertamina Geothermal aims to double its geothermal capacity by 2027-2028, a feat that may cost an estimated $4 billion. As Indonesia, Southeast Asia's largest economy, seeks to reduce carbon emissions and cut energy imports, tapping into its geothermal resources is becoming increasingly crucial.
The company is set to sell 10.35 billion shares, equivalent to 25% of its enlarged share capital, with the majority of the IPO proceeds earmarked for expanding the capacity of its working geothermal areas. The books will close on the 10th of February, with the public offering taking place from the 20th to 22nd of the same month. The shares will make their debut on the Jakarta stock exchange on February 24th.
Credit Suisse holds the distinguished title of being the sole global coordinator for the IPO, as well as being an underwriter, alongside CSLA Sekuritas Indonesia and Mandiri Sekuritas.
Pertamina is the state-owned oil and natural gas company of Indonesia, established in August 1968. The company operates in exploration, production, refining, and distribution of oil and gas, as well as other energy-related businesses. With a mission to meet the energy needs of Indonesia and beyond, Pertamina has become one of the largest energy companies in the Southeast Asian region and has a significant presence in the global energy market. In addition to its core business, Pertamina is also involved in the development of renewable energy, such as geothermal energy, to ensure a sustainable energy future for Indonesia and the world.
source :(Reuters)
#Pertamina #Geothermal #IPO #Indonesia
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