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Showing posts from January 22, 2023

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Global Geothermal Power Market Review 2026.

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...

"GE Hitachi Nuclear Energy, OPG, SNC-Lavalin and Aecon Sign Historic Contract for Deployment of Groundbreaking Small Modular Reactor at Darlington Nuclear Project Site"

image source:(unsplash.com,Jakob Madsen) GE Hitachi Nuclear Energy (GEH), in partnership with Ontario Power Generation (OPG), SNC-Lavalinand Aecon, has signed a contract for the deployment of a BWRX-300 small modular reactor (SMR) at OPG’s Darlington New Nuclear Project site, marking the first commercial contract for a grid-scale SMR in North America. This groundbreaking agreement, through which GEH will provide the reactor design, encompasses a comprehensive range of project activities, including design, engineering licensing support, construction, testing, training and commissioning. Jay Wileman, President and CEO of GEH, stated, "This contract is an important milestone and solidifies our position as the leading SMR technology provider. We aim to deliver the first SMR in North America and, in doing so, lead the start of a new era of nuclear power that will provide zero-emission energy generation, energy security and energy reliability around the globe. We can’t express our appre...

"Revolutionary Sustainable Investment: The Emergence of the Solidarity Financial Trust of Public Infrastructure NA-SA IV"

The Atucha plant site (Image: Nucleoelectrica Argentina) A financial trust has been opened in Argentina to support sustainable investment in two nuclear energy projects. Investments made in the new Solidarity Financial Trust of Public Infrastructure NA-SA IV will go to enable the licence extension for Atucha I as well as the construction of a dry storage facility for used fuel. The trust was opened on 24 January by Atucha's owner, Nucleoelectrica Argentina SA (NA-SA), with Nación Bursátil as well as Banco de la Provincia de Buenos Ares and Macro Securities. The financial firms will make placements for retail investors to invest Argentine pesos from a minimum of USD100 equivalent and receive a return of 2% per year. NA-SA told World Nuclear News that the trust was set up for a total amount of USD600 million across six tenders. This would cover both the projects, which are estimated at USD463 million for the licence extension of Atucha II and USD137 million for the dry storage facili...

"Saudi Aramco and Terra Drone partner for a revolutionary approach to oil and gas inspection"

Oil giant Saudi Aramco is investing in Japanese drone company Terra Drone to create a subsidiary for  ... [+] TERRA DRONE Saudi Aramco, the world's leading oil producer, is making a multi-million dollar investment in Japanese drone and air mobility technology company Terra Drone as it seeks to fall in line with Saudi Arabia's long-term initiative to reduce the nation's dependence on hydrocarbons. The companies announced late Tuesday that through its $200 million venture capital arm, Wa'ed Ventures, Saudi Aramco is investing $14 million in Terra Drone which, in turn, will use the money to create the subsidiary Terra Drone Arabia. This move represents a significant step forward for both companies, as Terra Drone Arabia will provide oil-gas inspection services for Saudi Aramco while at the same time generating local jobs and accelerating development of the drone industry in the Middle East. The new subsidiary offers an opportunity for Terra Drone, one of the top two drone ...

"Diablo Canyon Nuclear Plant: Will it Survive Beyond 2025?"

Diablo Canyon (US Nuclear Regulatory Commission/PG&E) PG&E, a Californian utility company, had submitted an application to renew the operating licenses for its pressurized water reactors at the Diablo Canyon plant in 2009. However, in 2018, the company withdrew the application after the California Public Utilities Commission (CPUC) approved a joint proposal from the company together with labor and leading environmental organizations to close the plant at the end of its current licenses. The proposed closure date was set for 2024 for Unit 1 and 2025 for Unit 2, as it was believed that the plant's output would no longer be required as California focused on an energy policy centered on efficiency, renewables and storage. But, grid reliability issues have prompted a rethink on the plant's early closure. On October 31st, last year, PG&E formally asked the Nuclear Regulatory Commission (NRC) to resume its review of the license renewal application for the Diablo Canyon pla...

"Fortum seeks to extend operating license of Finland's oldest nuclear power plant until 2050"

Units 1 and 2 of the Loviisa plant (Image: Fortum) The Loviisa power plant, boasting two state-of-the-art VVER-440 type pressurized water reactors, was the inaugural nuclear power facility in Finland and continues to furnish over 10% of the nation's electricity. Unit 1 of Loviisa commenced commercial operations in 1977, with unit 2 following suit in 1981. These units' operating licenses were renewed in 1998 and 2007 respectively. Fortum, the company operating the facility, submitted an application to TEM in March 2022 to extend the operating licenses of both units until 2050. The Finnish government is currently assessing Fortum's application, soliciting statements from various authorities, organizations, and municipalities in the affected region and providing citizens with an opportunity to voice their opinions. The government will make its decision on the operating license based on these statements. STUK, the regulatory body overseeing the facility, stated that Fortum has ...

"French Senate Approves Accelerated Construction of Nuclear Facilities: A New Era of Nuclear Power on the Horizon?"

The French Senate (Image: senat.fr) The French Senate has given its stamp of approval to a draft bill that seeks to expedite the construction of new nuclear facilities near existing sites and the operation of existing ones. The bill, which passed with a resounding 239 votes in favor and only 16 against, was adopted during its first reading in the Senate. The deliberation of the bill began on January 17th and concluded with a vote on January 24th. The bill includes several key provisions, including the removal of the goal to reduce nuclear's share of France's electricity production to 50% by 2035. Instead, nuclear's share will now be maintained at "more than 50%" of electricity production by 2050. Additionally, the bill includes the inclusion of small modular reactors (SMRs) as potential reactor types to be constructed. The bill also establishes "a specific procedure for compatibility of urban planning documents" with a view to the construction of new rea...

"Uganda Launches Controversial $10 Billion Oil Drilling Program in Kingfisher Field"

Image source: (Unsplash.com-Zbynek burival) The Kingfisher field, a verdant and bountiful oil reserve located beneath the tranquil waters of Lake Albert in western Uganda, has officially been commissioned for drilling as the country embarks on a $10 billion scheme to develop its oil reserves and construct a colossal pipeline to transport the crude to international markets via an Indian Ocean port in Tanzania. This ambitious endeavor, which has incited the ire of environmental groups, is expected to yield 40,000 barrels of oil per day at its peak and Uganda's first oil is anticipated to flow in 2025, almost two decades after the reserves were first discovered. The Kingfisher field, operated by the state-owned China National Offshore Oil Corporation (CNOOC), is part of a larger scheme that aims to tap into the estimated 6.5 billion barrels of crude under the lake, of which about 1.4 billion are recoverable. The reserves are expected to last up to 30 years, with production peaking at ...

"Containment Building Completed: A Revolutionary Achievement at the Zhangzhou Nuclear Power Plant Unveiled

The completed outer dome at Zhangzhou unit 1 (Image: CNNC) The outer dome of the containment building of unit 1 of the Zhangzhou nuclear power plant in China's Fujian province has been completed, marking a significant milestone in the construction of this revolutionary power source. The Zhangzhou 1 unit is the first of two Hualong One units being built at the site, and its completion has sparked curiosity and anticipation among industry experts and energy enthusiasts alike. But what exactly is the Hualong One, and what makes it so special? This advanced nuclear reactor design, developed by China National Nuclear Corporation (CNNC), is the product of decades of research and development, and is considered to be the most advanced and safest nuclear technology in the world. It boasts a host of cutting-edge features that set it apart from traditional nuclear reactors, including enhanced safety systems, improved fuel efficiency, and a compact design that allows for easy construction and ...

"Revolutionizing the Future of Sustainable Transport: PUNCH Group Secures €40m in Funding to Optimize Hydrogen Engine Technology"

  image source:(unsplash.com-Precious Madubuike) The PUNCH Group, a Belgian-based leader in the design of propulsion and control systems for hybrid and electric vehicles, has been bestowed a generous €40m grant from the European Investment Bank (EIB) to further advance its cutting-edge hydrogen engine technology and hasten the transition to zero-emission transport. This substantial investment will empower the company to enhance the capabilities of its hydrogen engine, enabling it to conduct research, development, and innovation activities at its headquarters in Turin, Italy and Strasbourg, France. Guido Dumarey, the founder, owner, and CEO of the PUNCH Group, remarked on the significance of this funding, stating, "The EIB's support will be a crucial element in realizing our vision of sustainable mobility for all. We aim to expand our technological expertise in the field of electric and hydrogen propulsion, and we believe in the immense potential of hydrogen engines, particular...

"Oil and Renewable Energy Collide: UAE Appoints Controversial Leader as President for Upcoming Climate Summit"

image source: (unsplash: zbynek Burival) The United Arab Emirates has appointed Sultan al Jaber, the head of the national oil company ADNOC, as the president for the upcoming COP28 climate summit set to take place in Dubai later this year.  Al Jaber is also the UAE's special envoy on climate change and plays a crucial role in the country's goal of reaching net-zero emissions by 2050, which makes him a highly controversial choice for the role. As the CEO of Abu Dhabi National Oil Co., Al Jaber oversees the pumping of nearly all the crude oil in the UAE, which produces about 3.2 million barrels of oil per day.  However, it should be noted that Al Jaber is also the chairman of the UAE's largest renewable energy company, Masdar, which has the capacity to produce 20 gigawatts of clean power and plans to invest billions of dollars to increase its capacity to 100 gigawatts globally this decade, which is about double the renewable energy that the U.K. can produce today.  The COP2...

"Revolutionary Breakthrough: NRC Certifies First-Ever Small Modular Reactor Design in US, Unleashing a New Era of Clean Energy!"

(source: VOYGR™ SMR power plant) NuScale Power "A new era of clean energy has officially arrived as the Nuclear Regulatory Commission (NRC) has issued a groundbreaking rule making that allows utilities to reference NuScale's Small Modular Reactor (SMR) design when applying for a combined license to build and operate a reactor. This is not just any reactor, but an advanced light-water SMR with each power module capable of generating 50 megawatts of emissions-free electricity. But that's not all, NuScale's VOYGR™ SMR power plant can house up to 12 factory-built power modules that are about a third of the size of a large-scale reactor. Imagine a power plant that leverages natural processes, such as convection and gravity, to passively cool the reactor without additional water, power, or even operator action. A true game changer in the energy industry. The NRC accepted NuScale's SMR design certification application back in March 2018 and issued its final technical revi...

"Unlocking the Hidden Power: The Intertwined Relationship of Water and Wind Energy"

Photo Credit: Unsplash.com The movement of water in water bodies, particularly in oceans and rivers, plays a crucial role in the generation of wind energy. The wind is caused by the unequal heating of the Earth's surface, which leads to the creation of pressure gradients that drive air masses to move from high pressure areas to low pressure areas. Water bodies, particularly the oceans, have a significant impact on the Earth's climate and weather patterns, and this in turn affects the wind patterns. The ocean plays a crucial role in generating wind energy because it has a much higher heat capacity than land. As the sun's energy heats the ocean, the water temperature increases, which in turn causes the air above the ocean to also heat up. As the air above the ocean rises, it creates a low pressure area, which leads to the development of wind. The wind then blows towards the land, where it is used to generate electricity through wind turbines. Rivers also play a significant ro...

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Top 10 Critical Geothermal Energy Problems Costs Risks Seismicity

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Serbia Advances Mišeluk Geothermal District Heating Project in Novi Sad

Serbia Advances Geothermal Drilling for the Mišeluk District Heating Plant in Novi Sad Serbia is moving forward with plans to develop a geothermal district heating system in Mišeluk, a rapidly urbanizing area of Novi Sad. The project is intended to place geothermal energy at the centre of a new low-carbon heating network, supported by solar power and natural gas backup. Exploratory drilling and construction of the heat distribution network are being carried out by JKP Novosadska toplana, Novi Sad’s public district heating utility. The initiative is supported through the United Nations Development Programme’s “Geothermal Energy in Serbia” programme, with financial backing from Slovakia.  The Mišeluk project is important not only because it could provide a new renewable heat source for Novi Sad, but also because it demonstrates how geothermal energy can be integrated into urban development from the earliest planning stages. Rather than retrofitting a geothermal system into an establi...

Global Geothermal Power Market Review 2026.

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...

Alphaxioms Interviews Rystad Energy: Geothermal's Inflection Point, Policy, and Drilling Breakthroughs

Geothermal at an Inflection Point: Why Policy, Conventional Resources, and Drilling Breakthroughs Will Define the Next Decade This interview was conducted by Robert Buluma on behalf of Alphaxioms,  responses delivered by  Alexandra Gerken Product manager, Geothermal solution at Rystad Energy   Introduction: The Strategic Crossroads for Geothermal Geothermal energy is entering a decisive phase. After decades of steady but regionally concentrated development, the sector now faces a confluence of technological innovation, policy ambition, and market demand that could either unlock global scale or confine geothermal to niche applications. Alexandra Gerken, Product Manager for Geothermal Solutions at  Rystad Energy , offers a clear-eyed assessment of where the industry stands, which technologies will drive near-term growth, and what must happen for geothermal to become a globally significant source of firm, low-carbon power. Her analysis emphasizes three pillars: the imme...

North America Geothermal Energy Investment Opportunities, Companies, Resources, and Market Outlook

Investment Opportunities in North American Geothermal Energy North America is entering a new investment cycle in geothermal energy. The United States offers the region’s deepest commercial market and the largest advanced-geothermal pipeline; Mexico provides proven high-temperature volcanic resources and an established utility-scale industry; while Canada presents an earlier-stage opportunity centered on sedimentary-basin geothermal, direct-use heating, closed-loop systems, and oil-and-gas technology transfer. The investment case now extends well beyond conventional geothermal power plants. It includes enhanced geothermal systems, advanced closed-loop systems, geothermal heat pumps, district heating, industrial heat, geothermal storage, lithium extraction from geothermal brines, data-center power, and hybrid renewable-energy projects. In the United States, utilities had already procured or agreed to procure 1,007 MW of next-generation geothermal capacity through 12 power-purchase agreem...

PT Geo Dipa Energi Launches Strategic Minor Overhaul Tender for Dieng Unit 1 to Strengthen Geothermal Reliability

PT Geo Dipa Energi Opens Tender for Minor Overhaul of Dieng Unit 1 in 2026 Image: Indonesian Geothermal power plant PT Geo Dipa Energi (Persero) has opened a tender for the minor overhaul of the Dieng Geothermal Power Plant Unit 1 in 2026, signaling a continued focus on preserving the reliability of one of Indonesia’s most important geothermal assets. The procurement is aimed at selecting a qualified contractor with proven experience in turbine and generator maintenance for thermal power plants, underscoring the technical complexity and operational importance of the work. The tender, identified as RKS-004-PST/GDE/I/2026, uses a post-qualification bidding method and applies strict administrative, technical, and safety requirements. The schedule places document registration and collection between 26 and 28 January 2026, followed by a mandatory RKS explanation session and field visit on 29 January 2026. Procurement Scope and Process The procurement procedure requires prospective bidders...

New Mexico Tribal Geothermal Development: Energy Sovereignty, Jobs, Investment

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"US Geothermal Tax Credits 2026: What the IRA/45Q Changes Mean for Developers"

US Geothermal Tax Credits in 2026: What Is Actually Still Alive After OBBBA For an industry that spent more than a decade building financial models around a stable federal incentive structure, 2026 has been a year of whiplash. The 30% federal geothermal tax credit that developers and homeowners built forecasts around is gone in one form and still alive in another, and even the IRS’s own public guidance has been confusing enough to trigger uncertainty across the market. That confusion is not a minor clerical issue. It is shaping investment decisions, contractor sales pitches, homeowner timelines, and project finance assumptions right now. If you work in geothermal, the key question is no longer whether federal incentives exist, but which incentive applies, to which project type, and under what ownership structure. The law that changed the timeline To understand where things stand in 2026, you have to start with the Inflation Reduction Act of 2022, which created a long runway for clean e...

Green Therma Selects H&P to Drill Denmark’s Longest Geothermal Well

Green Therma Selects H&P to Drill Denmark’s Longest Geothermal Well for Aalborg Heat4Ever Demonstration Denmark is moving from geothermal ambition to execution. Green Therma has selected Helmerich & Payne to drill the Heat4Ever demonstration well near Aalborg, a project that could become one of the country’s most technically ambitious geothermal developments and a meaningful test of closed-loop district heating.   A milestone for Danish geothermal The Aalborg Heat4Ever project matters because it is designed to prove that geothermal heat can be delivered without relying on a natural hot-water reservoir. Instead of producing groundwater from a conventional geothermal field, the system uses a closed-loop pipe-in-pipe design that circulates the same fluid downhole, heats it in contact with hot rock, and returns it to the surface for district heating use.  That distinction is important for Denmark, where district heating is already a major part of the energy system ...

Geothermal Innovation, Superhot Systems, Social License, and the Future of Global Geothermal Energy

In this interview, Dr. Amel Barich, Founder & CEO of Geoscience Research and Communications (GRC) , shares insights into the future of geothermal energy, covering superhot geothermal systems, advanced drilling, international collaboration, social license to operate, developing-country opportunities, and the growing role of geothermal in integrated energy systems.  Image : Dr. Amel Barich Founder & CEO, Geoscience Research and Communications (GRC) Geoscientist | Geothermal R&D&I | Social License to Operate Q1. Could you briefly introduce yourself and describe your current role in advancing geothermal innovation? I am a geoscientist and geothermal professional with a background spanning geothermal research and innovation, international collaboration, policy and science diplomacy, stakeholder engagement, and strategic communication. Over the past decade, I have worked from Iceland across major European and international geothermal initiatives, leading collaborative R...