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Global Geothermal Power Market Review 2026.

By Robert Buluma Alphaxioms
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...
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Eavor Partners With Neu-Ulm To Explore Deep Geothermal

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By Robert Buluma Alphaxioms

Unlocking the Depths: Neu-Ulm's Bold Leap into Deep Geothermal Energy

By:Robert Buluma

In the quest for sustainable energy solutions, Neu-Ulm emerges as a pioneer, spearheading a groundbreaking project in partnership with Eavor GMBH to explore the potential of deep geothermal energy. This ambitious endeavor marks a decisive step towards decarbonizing heat demand in Neu-Ulm and Senden, setting a shining example for cities worldwide.

At the heart of this endeavor lies a commitment to innovation and sustainability. As Mayor Katrin Albsteiger asserts, "The effort to examine the safe use of deep geothermal energy in our region marks a significant step towards a sustainable and climate-friendly energy future for Neu-Ulm." With a target to achieve climate neutrality by 2040, Neu-Ulm recognizes the urgency of addressing the heating sector now, paving the way for a greener tomorrow.

The project, which commenced its exploration phase in January 2024, is characterized by meticulous geological and technical assessments. While drilling is yet to begin, surface measurement methods and environmental investigations are underway. The upcoming 2D seismic campaign in autumn/winter 2024 holds promise for uncovering the untapped potential of geothermal energy within the region.

Central to this initiative is the adoption of Eavor technology, representing a paradigm shift in deep geothermal energy extraction. Daniel Mölk, Managing Director of Eavor , underscores the significance of SWU's visionary approach, enabling the implementation of a pioneering deep geothermal energy project. With the promise of utilizing the advanced close-loop technology 2.0 post-preliminary investigations, the project stands poised to revolutionize energy dynamics.

As the world grapples with the pressing need for sustainable energy alternatives, Neu-Ulm's foray into deep geothermal energy exemplifies proactive leadership and unwavering commitment. With each stride towards harnessing the Earth's natural resources, the city reinforces its position as a trailblazer in the regional energy transition, catalyzing a shift towards a more sustainable and resilient future.

In the pursuit of a cleaner, greener tomorrow, Neu-Ulm's journey into the depths exemplifies the power of innovation, collaboration, and vision. As the project unfolds, it beckons us to envision a world powered by the boundless potential of geothermal energy, where sustainability meets ingenuity, and the good truly comes from below.

Not long ago Eavor drilled 7km in Getesreid Germany In Search For Geothermal

Eavor  pronounced 'Ever' is a trail blazer Geothermal Company With an Oil and Gas background a world class leader in deep Geothermal drilling, The company has record of staying on top and we are very much fascinated by this achievements and clear picture that the Vickers Venture invested company when it comes to advanced Geothermal they are amongst the best.

Source:Eavor Gmbh,SWU,Geothermie

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