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...
"Revolutionizing the EV Landscape: United Downs Geothermal Project Paves the Way for UK's First Commercial Lithium Production" In a groundbreaking development, the United Downs geothermal project in Cornwall is poised to become the United Kingdom's pioneer in commercial lithium production for electric vehicle (EV) batteries. This significant discovery of high concentrations of lithium marks a pivotal moment in supporting the burgeoning electric car market within the country. As avid supporters of sustainable initiatives, we are thrilled to have played a role in funding the construction of the United Downs project. The anticipation surrounding the project's potential to meet the surging demand for lithium in the UK is palpable. This not only signifies a stride towards reducing our carbon footprint but also underscores the crucial role of domestic resources in powering the future of electric mobility. The United Downs geothermal project, primarily designed for har...