Skip to main content

Just In

Croatia Signs Grant Agreement to Drill Four Geothermal Heating Wells

Croatia Signs Grant Agreement to Drill Four Geothermal Wells for Urban Heating Croatia has approved a major new investment to expand the use of geothermal energy for district heating in four cities. Velika Gorica, Osijek, Vinkovci, and Zaprešić are set to receive an additional EUR 35.3 million for geothermal development, including the drilling of four new wells that could support urban heating systems by 2030.  The funding marks the second phase of a broader geothermal program designed to convert Croatia’s underground heat resources into reliable, domestic energy for homes, public buildings, businesses, agriculture, and industry. Across the two phases, the total investment in the four locations is expected to reach approximately EUR 86 million.  The project is significant because it moves Croatia’s geothermal strategy beyond exploration. The country is now preparing the infrastructure needed to create production-and-injection well pairs, establish closed geothermal systems, an...

"Fervo Energy's innovative geothermal technology could act as a flexible and long-lasting battery, revolutionizing clean energy production"

Fervo Energy, a geothermal power start-up based in Houston, is testing a new spin on traditional geothermal plants. The start-up's experiments suggest that it can create flexible geothermal power plants, which are capable of producing electricity that can be ramped up or down as required. 

Fervo’s enhanced geothermal demonstration site in northern NevadaALASTAIR WIPER/COURTESY OF FERVO ENERGY

Additionally, the system can store up energy for hours or days, essentially acting as a giant and long-lasting battery. This means that the plants could shut down production when solar and wind farms are generating power and provide a rich stream of clean electricity when those sources flag. Fervo's approach could potentially fill a critical gap in modern power grids, making it cheaper and easier to eliminate greenhouse-gas emissions from electricity systems.

The results from the initial experiments—which MIT Technology Review is reporting exclusively—suggest Fervo can create flexible geothermal power plants, capable of ramping electricity output up or down as needed. Potentially more important, the system can store up energy for hours or even days and deliver it back over similar periods, effectively acting as a giant and very long-lasting battery. That means the plants could shut down production when solar and wind farms are cranking, and provide a rich stream of clean electricity when those sources flag.


There are remaining questions about how well, affordably, and safely this will work on larger scales. But if Fervo can build commercial plants with this added functionality, it will fill a critical gap in today’s grids, making it cheaper and easier to eliminate greenhouse-gas emissions from electricity systems.


“We know that just generating and selling traditional geothermal is incredibly valuable to the grid,” says Tim Latimer, chief executive and cofounder of Fervo. “But as time goes on, our ability to be responsive, and ramp up and down and do energy storage, is going to increase in value even more.” 


‘Geothermal highway’

In early February, Latimer drove a Fervo colleague and me from the Reno airport to the company site.


“Welcome to Geothermal Highway,” he said from behind the wheel of a company pickup, as we passed the first of several geothermal plants along Interstate 80. 


The highway cuts through a flat desert in the midst of Nevada’s Basin and Range, the series of parallel valleys and mountain ranges formed by separating tectonic plates.


The crust stretched, thinned, and broke into blocks that tilted, forming mountains on the high side while filling in and flattening the basins with sediments and water, as John McPhee memorably described it in his 1981 book, Basin and Range. From a geothermal perspective, what matters is that all this stretching and tilting brought hot rocks relatively close to the surface.


There’s much to love about geothermal energy: it offers a virtually limitless, always-on source of emissions-free heat and electricity. If the US could capture just 2% of the thermal energy available two to six miles beneath its surface, it could produce more than 2,000 times the nation’s total annual energy consumption.


But because of geological constraints, high capital costs and other challenges, we barely use it at all: today it accounts for 0.4% of US electricity generation. 


To date, developers of geothermal power plants have largely been able to tap only the most promising and economical locations, like this stretch of Nevada. They’ve needed to be able to drill down to porous, permeable, hot rock at relatively low depths. The permeability of the rock is essential for enabling water to move between two human-drilled wells in such a system, but it’s also the feature that’s often missing in otherwise favorable areas. 


Starting in the early 1970s, researchers at Los Alamos National Laboratory began to demonstrate that we could engineer our way around that limitation. They found that by using hydraulic fracturing techniques similar to those now employed in the oil and gas industry, they could create or widen cracks within relatively solid and very hot rock. Then they could add in water, essentially engineering radiators deep underground.


Such an “enhanced” geothermal system then basically works like any other, but it opens the possibility of building power plants in places where the rock isn’t already permeable enough to allow hot water to circulate easily. Researchers in the field have argued for decades that if we drive down the cost of such techniques, it will unlock vast new stretches of the planet for geothermal development. 


A noted MIT study in 2006 estimated that with a $1 billion investment over 15 years, enhanced geothermal plants could produce 100 gigawatts of new capacity on the grid by 2050, putting it into the same league as more popular renewable sources. (By comparison, about 135 gigawatts of solar capacity and 140 gigawatts of wind have been installed across the US.)


“If we can figure out how to extract the heat from the earth in places where there’s no natural circulating geothermal system already, then we have access to a really enormous resource,” says Susan Petty, a contributor to that report and founder of Seattle-based AltaRock Energy, an early enhanced-geothermal startup. 


The US didn’t make that full investment over the time period called for in the report. But it has been making enhanced geothermal a growing priority in recent years.


The first major federal efforts began around 2015, when the Department of Energy announced plans for the Frontier Observatory for Research in Geothermal Energy laboratory. Drilling at the selected Utah FORGE site, near Milford, finally commenced in 2016. The research lab has received some $220 million in federal funds to date. More recently, the DOE has announced plans to invest tens of millions of dollars more in the field through its Enhanced Geothermal Shot initiative.


But there are still only a handful of enhanced geothermal systems operating commercially in the US today.


Fervo’s bet

Latimer read that MIT paper while working in Texas as a drilling engineer for BHP, a metal, oil, and gas mining company, at a point when he was becoming increasingly concerned about climate change. From his own work, he was convinced that the natural-gas fracking industry had already solved some of the technical and economic challenges highlighted in the report.


Latimer eventually quit his job and went to Stanford Business School, with the goal of creating a geothermal startup. He soon met Jack Norbeck, who was finishing his doctoral dissertation there. It included a chapter focused on applied modeling of the Los Alamos findings.


The pair cofounded Fervo in 2017. The company has since raised nearly $180 million in venture capital from Bill Gates’s Breakthrough Energy Ventures, DCVC, Capricorn Investment Group, and others. It’s also announced several commercial power purchase agreements for future enhanced-geothermal projects, including a five-megawatt plant at the Nevada site that will help power Google’s operations in the state.


Under those deals, Fervo is contracted to provide a steady flow of carbon-free electricity, not the flexible features it’s exploring. But almost from the start, utilities and other potential customers told the company that they needed to line up clean sources that could ramp generation up and down, to comply with increasingly strict climate regulations and balance out the rising share of variable wind and solar output on the grid.


“If we can come up with a way to solve this,” Norbeck says he and Latimer realized, “we might really have a way to change the world.”  


Fervo began to explore whether they could do so by taking advantage of another feature of enhanced geothermal systems, which the Los Alamos researchers had also highlighted in later experiments. 


Creating fractures in rocks with low permeability means that the water in the system can’t easily leak out into other areas. Consequently, if you close off the well system and keep pumping in water, you can build up mechanical pressure within the system, as the fractured rock sections push against the earth. 


“The fractures are able to dilate and change shape, almost like balloons,” Norbeck says.


That pressure can then be put to use. In a series of modeling experiments, Fervo found that once the valve was opened again, those balloons effectively deflated, the flow of water increased, and electricity generation surged. If they “charged it” for days, by adding water but not letting it out, it could then generate electricity for days. 


But the company still needed to see if it could work in the real world. 


The tests

After crossing in Humboldt County, Nevada, Latimer eventually steered onto a dirt road. The Fervo site announced itself with a white drilling rig in the distance, soaring 150 feet above a stretch of brown desert. The geology under this particular stretch of land includes hot rocks at shallow depths, but not the permeability needed for traditional plants.


In 2022, the company drilled twin boreholes there, using a nearly 10-inch fixed-cutter drill bit to slowly grind through mixed metasedimentary and granite formations. The wells gradually bend beneath the earth, ultimately plunging some 8,000 feet deep and running around 4,000 feet horizontally.


Fervo then injected cold water under high pressure to create hundreds of vertical fractures between them, effectively forming a giant underground radiator amid rock that reaches nearly 380 ˚F (193 ˚C)

source :(MIT Technologyreview)

Comments

Popular posts from this blog

Kaishan Targets 2 GW Kenya Geothermal Development Across Five Fields

Kaishan Targets 2 GW of Geothermal Development Across Kenya Kenya's geothermal sector has opened a potentially significant new chapter after Kaishan Group and the Geothermal Development Company (GDC) signed a collaboration framework agreement covering five geothermal blocks in the East African Rift Valley. Signed in Nairobi on September 14, 2026 , the agreement establishes a framework for the two parties to explore potential joint development of Silali, Paka, Korosi, Baringo and Suswa . According to Kaishan, the five areas have potential to support approximately 2 GW of installed geothermal capacity . The headline figure is substantial, but it is important to distinguish between resource potential and committed generation capacity . The framework agreement is non-binding. The parties will first conduct due diligence, assess the resources and negotiate development plans before potentially signing separate binding agreements for individual geothermal blocks. The development coul...

Next-Gen Geothermal Funding 2026: VCs, Banks, Government Capital

Who Is Really Funding Next-Gen Geothermal in 2026? Next-generation geothermal has moved beyond laboratory research into a capital-intensive commercialization phase. In 2026, the most important financing is no longer coming from one investor category: venture capital funds are financing drilling, subsurface modelling and hardware; strategic energy companies are providing equipment, project access and market credibility; banks are beginning to lend against contracted projects; and governments are absorbing exploration and first-of-a-kind technology risk. The strongest financing activity is concentrated in the United States and Canada, but Europe is becoming increasingly important through Germany-based deployment, European Union grants, UK innovation support, and strategic participation from European energy companies. The central investment question is changing from “Can this technology work?” to “Can the developer deliver repeatable, financeable projects at commercial cost?” The 2026 fun...

Jicarilla Apache Geothermal Study Wins $2.5 Million Grant

Jicarilla Apache Nation Launches $2.5 Million Geothermal Feasibility Study The Jicarilla Apache Nation in northern New Mexico has launched a major investigation into its geothermal energy potential after receiving a $2.5 million grant from the State of New Mexico. The funding will support a detailed feasibility study examining whether underground heat resources on tribal lands could be developed for electricity generation, direct heating, or other energy applications. The initiative represents an important step in the Nation’s efforts to understand and diversify its energy resources. Although the Jicarilla Apache Nation has not yet committed to building a geothermal facility, the study could provide the geological, technical, and economic information required for future investment decisions. The project is particularly significant because the Nation already has extensive experience with subsurface exploration through its oil and gas activities. Existing geological records, drilling inf...

France Geothermal Energy 2026: Heating, Power, Policy, Investment Growth

France's geothermal sector is at a crossroads. The country is Europe's undisputed leader in deep geothermal district heating, with the Paris Basin hosting the world's largest concentration of deep geothermal systems.  Yet geothermal still supplies only 1% of France's final heat consumption, and the Court of Auditors has warned that current ambitions are "unrealistic" without structural reform. ⚡ Deep Geothermal (Power Generation): Marginal Output, Major Potential Untapped France's geothermal power generation remains almost negligible. As of 2026, only two plants produce electricity: the Bouillante plant in Guadeloupe (15.5 MW) and the Soultz-sous-Forêt EGS pilot in Alsace (1.7 MW).  Total geothermal electricity production capacity was approximately 17.17 MW in 2023, forecast to reach just 19.47 MW by 2028. The Bouillante plant is set to double its production with a third unit scheduled for commissioning by the end of 2026, making it an exemplary model for ...

Billionaire Families Bet on Advanced Geothermal Energy Investments

Billionaire Geothermal Families Bet on Geothermal Billionaire families and private investment offices are placing increasingly large bets on geothermal energy, especially on technologies designed to make the resource available in more locations. Their investments are helping finance enhanced geothermal systems, advanced drilling, closed-loop designs, and other approaches that could transform geothermal from a regionally concentrated power source into a globally scalable clean-energy industry. The investment surge reflects a broader change in the energy market. Electricity demand is rising because of artificial intelligence, data centers, industrial electrification, electric vehicles, and the expansion of digital infrastructure. At the same time, utilities and large corporations need power that is reliable around the clock. Solar and wind remain essential to the clean-energy transition, but their output varies with weather and time of day. Geothermal could complement these technologies ...

Global Geothermal Investment 2026: 15 High-Growth Markets

Global Geothermal Investment 2026: 15 Markets Where Developers Should Look Next Geothermal energy is entering its most investable decade yet, with developers, drilling contractors, turbine suppliers and private capital providers scanning a widening map of opportunities beyond the traditional “big five” producers.  This article profiles 15 markets where project pipelines, policy signals, resource quality and technology readiness converge to create compelling entry points in 2026 and beyond.  Why 2026 Is a Turning Point for Geothermal Capital Global geothermal investment is accelerating as governments seek firm, low‑carbon baseload to back up variable wind and solar, while advanced drilling and subsurface engineering lower costs and expand the resource base. Market analysts project the geothermal energy market to reach roughly USD 13.56 billion by 2030, up from about USD 9.81 billion in 2025, implying sustained double‑digit growth in development spend. Capital is flowing not onl...

Geothermal Funding, August ,September 2027 With Intelligence into 2028

Geothermal Funding in August and September 2027: Investment Outlook and Intelligence Into 2028 Geothermal funding in August and September 2027 is likely to focus on projects that can demonstrate commercial resource potential, credible drilling plans, secure offtake, and a clear path to construction. The market will increasingly move beyond broad technology experimentation toward financeable geothermal assets supported by government grants, development-finance institutions, strategic investors, utilities, and corporate power buyers. The most significant investment themes will likely include enhanced geothermal systems , exploration drilling, closed-loop geothermal , data-center power supply, conventional geothermal expansion in East Africa, and blended finance for emerging markets. By 2028, investors are expected to distinguish more sharply between companies with proven technical performance and those still dependent on laboratory results or unconfirmed resource estimates. The 2027 Fun...

UOS Exploration Drilling Advances Next-Generation Geothermal Development

Września GT-1: Poland Begins a New Geothermal Drilling Project for Local Heat Poland is moving another step toward expanding geothermal energy as a local heat source, with drilling now underway on the Września GT-1 geothermal exploration well in Greater Poland. The project, being carried out in Września, is designed to determine whether underground thermal water can provide a sufficiently reliable resource for the municipality's heating system. The planned well is expected to reach approximately 1,460 metres , with preliminary estimates indicating thermal water temperatures of around 53–54°C and a potential production rate of at least 250 m³/h . The project is being supported financially by Poland's National Fund for Environmental Protection and Water Management (NFOŚiGW) and forms part of a wider national programme supporting geothermal exploration across Poland. For Września, however, the drilling campaign is about more than simply finding hot water. The results could d...

Aulnay-sous-Bois Advances Geothermal Heating Project After 2,000m Drilling

Aulnay-sous-Bois Advances Its Geothermal Heating Project After Completing 2,000-Metre Drilling Aulnay-sous-Bois, in the Seine-Saint-Denis department of France’s Île-de-France region, has reached an important milestone in the development of its local geothermal heating network. After approximately four months of work, drilling for the city’s geothermal project was completed during the summer of 2026. The well reaches nearly 2,000 metres beneath the surface, where the project will access the Dogger aquifer. At this depth, naturally occurring geothermal water reaches temperatures of approximately 70°C. Once the facility becomes operational, the heat extracted from the aquifer is expected to supply most of the energy required by Aulnay-sous-Bois’s district heating network. The project is scheduled to enter service before the end of 2026. According to Groupe Coriance, the geothermal system is expected to cover 93% of the network’s requirements, produce approximately 140 GWh of heat each yea...

Arverne secures Limagne geothermal lithium permit to boost supply

Arverne expands geothermal asset portfolio with new lithium exploration permit in Auvergne Arverne secures 442.7 km² PER “Bassin de Limagne” near Clermont-Ferrand French geothermal developer Arverne (Euronext: ARVEN) has been granted an exclusive research permit (Permis Exclusif de Recherches, PER) for lithium and related substances covering the “Bassin de Limagne” in Puy‑de‑Dôme, Auvergne. The five‑year permit, announced 3 September 2026, spans 442.68 km² and adds to Arverne’s growing national portfolio of PERs: the company now holds nine permits in France, three of which are focused on lithium. The award underscores Arverne’s strategy to combine geothermal heat production with geothermal lithium extraction — an integrated model the company is already deploying elsewhere in France. For the Auvergne permit, Arverne emphasizes that the Bassin de Limagne area overlaps with its existing PER for the Riom‑Clermont‑Métropole, where 3D exploration studies have previously evaluated the subsurf...