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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...

Exploring Geothermal Energy, Hawaii's Renewable Energy Frontier

Exploring Geothermal Energy: Hawaii's Renewable Energy Frontier

By : Robert Buluma

In a bold move towards achieving its goal of 100% renewable energy by 2045, Hawaii is venturing into the realm of geothermal energy. With abundant sunshine and wind being intermittent resources, the state is now turning its attention to tapping into geothermal sources to bolster its energy portfolio.


The Hawaii State’s Energy Office, led by Chief Energy Officer Mark Glick, is spearheading this initiative. Glick emphasizes the importance of understanding the potential of geothermal energy, stating, "For me, it’s a real priority for this office to better understand how far we can go with geothermal."


To kickstart this endeavor, $5 million from COVID federal relief funds have been allocated for conducting slim hole drilling to explore geothermal reservoirs. The focus of this exploration will initially be on Maui, with promising signs indicating the presence of viable geothermal sources along the rift zone of the island.


Currently, the Puna Geothermal Venture stands as the sole commercial geothermal power plant in Hawaii. Despite facing challenges, including a temporary shutdown following the 2018 volcanic eruption, the plant has recently received approval to increase its energy output to 46 megawatts, a significant boost from its current capacity.


Mike Kaleikini, the Hawaii Affairs Director at Puna Geothermal Venture, explains that this increase in production will be facilitated by the replacement of older power-generating units with modern, more efficient ones. This upgrade aims to not only enhance energy output but also mitigate potential environmental impacts and improve community relations.


Acknowledging past concerns about environmental impact and safety, Kaleikini underscores the importance of proactive outreach and communication with the community. He assures that steps have been taken to address past issues and regain public trust.


Looking ahead, the focus remains on expanding Hawaii's geothermal energy capacity. The identification of potential drilling sites on Maui signifies a step forward in this journey. While specific locations have not yet been disclosed, the narrowing down of options indicates progress towards harnessing the untapped potential of geothermal energy in the state.

We also understand that Geothermal could be misunderstood but this article Compiles and in-depth introduction to this gem

As Hawaii continues its transition towards a sustainable energy future, the exploration of geothermal resources represents a crucial milestone. By diversifying its renewable energy sources, the state not only moves closer to its ambitious renewable energy goals but also sets an example for others to follow in the global fight against climate change.


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