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...
Embracing Sustainable Energy: EDC's Geothermal Power Supply to Bohol
In a significant stride towards sustainability, Bohol is set to experience a revolution in its energy landscape with the introduction of geothermal power supplied by Energy Development Corporation (EDC), a subsidiary of First Gen Corporation. This shift promises not just affordable electricity but also a greener future for the province and its residents.
The decision to tap into geothermal energy stems from the commitment to reduce reliance on traditional fossil fuels like coal and diesel. With EDC's expertise in renewable energy, Bohol is poised to embrace a more environmentally friendly approach to power generation.
Geothermal energy harnesses the natural heat from the Earth's core, providing a consistent and reliable source of power. Unlike coal or diesel, which are subject to fluctuating global market prices, geothermal energy offers stability in both production and cost. This stability translates into long-term benefits for consumers, who can expect to see a reduction in their electricity bills.
By partnering with EDC, Bohol's distribution utilities are not just securing a more affordable power supply but also contributing to the global fight against climate change. Geothermal energy produces significantly lower carbon emissions compared to fossil fuels, making it a cleaner alternative for power generation.
EDC's track record in sustainable practices spans over four decades, making it a leader in the renewable energy sector in the Philippines. With an installed capacity of 1,480.19 megawatts, EDC remains committed to driving the country's transition towards a more sustainable energy future.
The shift towards geothermal power in Bohol is a testament to the government's efforts to promote transparency and technology neutrality in the procurement of power supply. Through competitive selection processes governed by the Department of Energy, distribution utilities are encouraged to choose the most cost-effective and reliable energy sources available.
As Bohol embraces geothermal energy, it not only secures a more affordable and sustainable power supply but also sets an example for other provinces to follow. By prioritizing renewable energy, Bohol is taking a proactive stance towards mitigating the impacts of climate change and building a more resilient future for generations to come
To learn more on EDC latest news read this article Greenfire EDC Partnership
In conclusion, the partnership between EDC and Bohol represents a significant milestone in the journey towards sustainable development. By harnessing the power of geothermal energy, Bohol is paving the way for a cleaner, greener, and more prosperous future.
Source : Pia.gov
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