Skip to main content

Just In

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

By Robert Buluma Alphaxioms
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...
Post a Comment

Geothermal Decade , Companies Strategies to Unravel Geothermal

Image
By Robert Buluma Alphaxioms

Unveiling the Geothermal Decade: Companies Pioneering Innovation and Collaboration

In the race towards a sustainable future, the Geothermal sector stands out as a beacon of hope, offering clean, renewable energy solutions. As we embark on what many are calling the "Geothermal decade," companies around the globe are unveiling strategies that promise to reshape the energy landscape. Let's delve into the innovative approaches and collaborative efforts driving this transformation.


Primeval Geothermal Solutions:** Primeval's agnostic approach to solving Geothermal problems exemplifies adaptability and innovation in the industry. By focusing on versatile solutions, they pave the way for advancements in Geothermal technology.


Google and Project Innerspace Collaboration: Teaming up with Project Innerspace, Google ventures into uncharted territory, leveraging cutting-edge technology to unlock the potential of Geothermal energy. This collaboration promises groundbreaking discoveries and sustainable energy solutions.


Virgin Atlantic and Baker Hughes Partnership: Virgin Atlantic's partnership with Baker Hughes marks a significant step towards integrating Geothermal energy into aviation. By harnessing Geothermal power, they aim to reduce carbon emissions and propel the aviation industry towards a greener future.


Berkshire Hathaway and Occidental Approach to Geothermal: Berkshire Hathaway and Occidental's joint venture signals a commitment to exploring Geothermal opportunities on a large scale. Their strategic approach promises to unlock new sources of clean energy and drive sustainable growth.


Ormat Hybridizing Geothermal with Solar Energy: Ormat's innovative approach to hybridizing Geothermal with solar energy showcases the potential for synergistic solutions in the renewable energy sector. By combining forces, they maximize energy output while minimizing environmental impact.


Calpine Geothermal Hybridizing with Battery Energy Storage System: Calpine's integration of Geothermal with battery energy storage systems demonstrates a holistic approach to energy management. This innovative solution ensures reliability and stability in the grid while harnessing the power of Geothermal energy.


Exergy ORC Approach: Exergy's Organic Rankine Cycle (ORC) approach revolutionizes Geothermal power generation, offering higher efficiency and lower environmental impact. Their pioneering technology sets a new standard for sustainable energy production.


Fervos Breakthrough Energy Drilling:** Fervos' breakthrough drilling technology unlocks previously inaccessible Geothermal resources, expanding the reach of clean energy production. Their innovative approach promises to revolutionize Geothermal exploration and extraction.


Quaise Energy Drilling Through Rocks:** Quaise Energy's groundbreaking drilling techniques enable efficient extraction of Geothermal energy from deep within the earth's crust. By overcoming geological challenges, they pave the way for widespread adoption of Geothermal power.

Controlled Thermal Resources Lithium Extraction Approach: Controlled Thermal Resources' innovative approach to lithium extraction from Geothermal brine adds value to Geothermal operations. By utilizing by-products effectively, they enhance the sustainability and economic viability of Geothermal projects.

Sage Geo Systems: Sage Geo Systems' advanced Geothermal technologies optimize resource utilization and maximize energy output. Their solutions play a crucial role in driving the Geothermal sector towards greater efficiency and profitability.


Chesapeake Energy Geopressurized Geothermal System: Chesapeake Energy's Geopressurized Geothermal System taps into unconventional Geothermal reservoirs, diversifying the energy mix and ensuring long-term sustainability.

Globeleq's Addition of Geothermal Plant in Menengai: Globeleq's investment in the Menengai Geothermal plant expands their renewable energy portfolio, contributing to a cleaner and more sustainable future.

CeraPhi's Approach of Repurposing Oil and Gas Wells: CeraPhi's innovative approach repurposes existing oil and gas wells for Geothermal energy production, turning liabilities into assets and accelerating the transition towards renewable energy.

Eavor's Closed Loop Geothermal Approach: Eavor's closed-loop Geothermal system offers a cost-effective and environmentally friendly alternative to traditional Geothermal power generation methods. Their innovative approach minimizes environmental impact while maximizing energy output.

Schlumberger's Merger with Geothermal Engineering Limited: Schlumberger's merger with Geothermal Engineering Limited brings together expertise from the oil and gas industry with Geothermal technology, driving innovation and efficiency in Geothermal exploration and production.


Fuji Electric EPC Contractor's: Fuji Electric's expertise as an Engineering, Procurement, and Construction (EPC) contractor ensures seamless execution of Geothermal projects, from design to implementation, contributing to the expansion of clean energy infrastructure worldwide.


Innargi's Heating Solutions: Innargi's innovative heating solutions harness Geothermal energy to provide sustainable heating solutions for residential and commercial applications, reducing carbon emissions and energy costs.

Egg Geo's Ten Approach:Egg Geo's TEN (Thermal Energy Nurturing) approach integrates Geothermal energy into urban environments, creating sustainable heating and cooling solutions for densely populated areas.


Cyrq Energy's Unique Contribution:Cyrq Energy's unique approach to Geothermal resource management emphasizes community engagement and environmental stewardship, setting a new standard for responsible Geothermal development 

Turboden's Cutting-Edge Technology:** Turboden's cutting-edge Organic Rankine Cycle (ORC) technology maximizes energy efficiency in Geothermal power plants, making Geothermal energy more accessible and cost-effective.

Geodipa's Indigenous Knowledge Integration: Geodipa's integration of indigenous knowledge into Geothermal projects promotes cultural preservation and sustainable development, fostering mutual respect and collaboration with local communities.


Chevron New Energies' Approach to Geothermal and Base Load Merge:** Chevron New Energies' commitment to integrating Geothermal energy into the base load power supply enhances grid stability and reliability, paving the way for a seamless transition to renewable energy.


Baker Hughes, Controlled Thermal Resources, and Chesapeake Collaboration:** The collaboration between Baker Hughes, Controlled Thermal Resources, and Chesapeake Energy represents a convergence of expertise and resources aimed at driving innovation and efficiency in Geothermal energy production.


ExxonMobil Enhanced Geothermal Systems: ExxonMobil's investment in Enhanced Geothermal Systems (EGS) research and development demonstrates their commitment to advancing Geothermal technology and expanding the reach of clean energy solutions.


Deep Energy's Pioneering Spirit: Deep Energy's pioneering spirit drives them to explore new frontiers in Geothermal exploration and production, pushing the boundaries of what is possible in clean energy innovation.


Dandelion Energy's Residential Geothermal Solutions: Dandelion Energy's residential Geothermal solutions make sustainable heating and cooling accessible to homeowners, contributing to a greener and more energy-efficient future.

British Petroleum's Engagement in Renewable Energy: British Petroleum's engagement in renewable energy, including Geothermal, reflects a shift towards a more diversified and sustainable energy portfolio, aligning with global efforts to combat climate change.


US DOE's Friendly Policies in Geothermal: The US Department of Energy's (DOE) support for Geothermal energy through friendly policies and funding initiatives catalyzes innovation and investment in the Geothermal sector, driving growth and adoption.


Respec's Employee-Owned Model:Respec's employee-owned business model fosters a culture of innovation and accountability, empowering employees to drive forward-thinking solutions in Geothermal exploration and development.


Teverra's Transformation of Petrolern:** Teverra's transformation of Petrolern signifies a strategic shift towards sustainable energy solutions, leveraging their expertise in Geothermal technology to drive positive change in the industry.

The following Companies have been drilling long laterals and they have shown interest in joining the Geothermal team; Continental resources, PDC,Encinon, Comstock,Surge Energy, Vital Energy,EOG,Civitas Resources,Sm Energy,Chord energy,Kraken oil and gas , Devon energy, Endeavour Energy, Diamond black, Conoco Philipps,High peak Energy, Occidental, Pioneer and Orkureita Reykjavikur


In conclusion, the Geothermal decade is upon us, and companies across the globe are rising to the challenge with innovative strategies and collaborative efforts. By harnessing the power of Geothermal energy, we can build a more sustainable future for mankind.

Source: LinkedIn

Labels:

Comments

Post a Comment

Popular posts from this blog

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

By Robert Buluma Alphaxioms
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...
Post a Comment
Read More »

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

By Robert Buluma Alphaxioms
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 ...
Post a Comment
Read More »

Serbia Advances Mišeluk Geothermal District Heating Project in Novi Sad

By Robert Buluma Alphaxioms
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...
Post a Comment
Read More »

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

By Robert Buluma Alphaxioms
New Mexico’s Tribal Lands Poised for Geothermal Development: Opportunity, Challenges, and Pathways to Energy Sovereignty Image:  Located in Lordsburg, Lightning Dock is the only utility scale geothermal power plant in New Mexico. (BLM New Mexico via Flickr) Why geothermal matters for New Mexico tribes, nations, and pueblos Geothermal energy uses heat from the earth to produce electricity or heat buildings directly. For New Mexico — a state with abundant subsurface heat resources — geothermal offers a reliable, low‑emission complement to wind and solar. Unlike intermittent renewables, geothermal provides baseload power capable of supporting grid stability and reducing reliance on fossil fuels. For tribal communities, geothermal has particular appeal: it aligns with many Indigenous values around stewardship, can be developed with relatively low water demand compared with some thermal technologies, and offers long‑term revenue, jobs, and enhanced local control over energy resources. E...
Post a Comment
Read More »

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

By Robert Buluma Alphaxioms
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...
Post a Comment
Read More »

NYC Subway Thermal Energy Network Pilot: Geothermal Heat Capture, Radiant Cooling, Seasonal Storage

By Robert Buluma Alphaxioms
New York’s Subway Heat Turned into Winter Warmth: The City’s First Transit Thermal Energy Network Pilot Turning platform heat into usable energy — what the Chambers Street and Brooklyn Bridge–City Hall pilot means for urban energy systems New York City has launched a study to design and test a Thermal Energy Network (TEN) that would capture excess heat from two of Lower Manhattan’s hottest subway stations and reuse it to heat nearby municipal buildings. The proposed pilot, centered on the Brooklyn Bridge–City Hall 4/5/6 complex and the Chambers Street J/Z station, is notable for being the first time TENs are being considered inside a U.S. transit system. The plan pairs radiant cooling on platforms with geothermal borehole storage under an abandoned center platform at Chambers Street, converting otherwise wasted heat into a supply that can be stored seasonally and delivered to surrounding municipal facilities during colder months. This initiative sits at the intersection of urban heat r...
Post a Comment
Read More »

€200 Million Dutch Geothermal Financing Accelerates Sustainable Greenhouse Heat Growth

By Robert Buluma Alphaxioms
€200 Million Financing Accelerates Dutch Geothermal Energy Cluster in Centraal Oostland A new financing framework of up to €200 million is set to accelerate the development of a major geothermal energy cluster in Centraal Oostland, a greenhouse horticulture region in South Holland, the Netherlands. The facility, arranged by ING and Rabobank for renewable heat infrastructure platform 85 Degrees Renewable, will support the next phase of geothermal development in the region. The funding is expected to finance new geothermal wells, expand heat distribution infrastructure and strengthen the long-term growth of an integrated renewable heat platform serving greenhouse growers. The transaction is significant not only because of its size, but also because it demonstrates the growing ability of geothermal heat projects to attract institutional and bank financing. It highlights a shift from treating geothermal energy as a collection of individual drilling projects toward developing integrated hea...
Post a Comment
Read More »

Innargi Geothermal drives Europe's renewable district heating decarbonisation from Aarhus to Poland

By Robert Buluma Alphaxioms
Innargi Geothermal, Decarbonising Europe's Heat, One City at a Time In an era defined by the urgent need to decarbonise Europe’s energy systems, one critical sector often remains overlooked, heating. Accounting for a substantial portion of the continent’s energy consumption, the heating sector has long been dominated by fossil fuels and biomass. Enter Innargi Geothermal, a Danish company on a mission to change that, one community at a time. Founded in 2017 by A.P. Møller Holding , Innargi has rapidly evolved from a single-project venture in Aarhus into an international geothermal energy company with a growing portfolio across Northern and Eastern Europe. By applying decades of subsurface expertise from the oil and gas industry to the untapped potential of geothermal energy, Innargi is industrialising geothermal district heating at a scale never before seen in the European Union. This article takes a deep dive into Innargi’s operations, exploring its revolutionary business model a...
Post a Comment
Read More »

Nowy Dwór Mazowiecki GT-1 Thermal Water Exploration Well: Project Overview, Funding, and Investment Potential

By Robert Buluma Alphaxioms
Nowy Dwór Mazowiecki GT,1 Thermal Water Exploration Well: Project Overview, Funding, and Investment Potential Project background and objectives The town of Nowy Dwór Mazowiecki signed grant agreement No. 52/2025/Wn07/FG,hg,dg on 20 February 2025 with the National Fund for Environmental Protection and Water Management (NFOŚiGW) under the “Making Poland’s Thermal Waters Accessible” priority program. The grant fully funds the execution of a single exploration and appraisal borehole, Nowy Dwór Mazowiecki GT,1, aimed at locating and characterizing geothermal waters for heating, recreational and balneotherapy uses. The direct objective is to perform geological works to identify and appraise thermal water resources and to make them available for municipal and commercial uses. The drilling target is one borehole to a design depth of 2,070 m (±10%). The project’s declared operational target is to assess thermal water yield and temperature to determine suitability for district heating, spa, recr...
Post a Comment
Read More »

Top 100 Geothermal Companies in the World in 2026: The Ultimate Industry Guide

By Robert Buluma Alphaxioms
Top 100 Geothermal Companies in the World in 2026: The Ultimate Industry Guide The global geothermal industry is entering a new phase of growth. Established geothermal operators continue to expand conventional hydrothermal power, while enhanced geothermal systems, closed loop designs, geothermal lithium extraction, advanced drilling, and geothermal heating technologies are opening new markets. Geothermal power remains one of the few renewable energy sources capable of supplying firm electricity around the clock. Its ability to operate independently of sunshine and wind makes it increasingly valuable to utilities, industrial users, manufacturers, and data centers seeking reliable low carbon power. This guide profiles 100 of the most influential companies, developers, manufacturers, drilling contractors, technology providers, startups, and industry organizations shaping the geothermal sector in 2026. The ranking is organized by market influence, operating capacity, technology, project pi...
1 comment
Read More »