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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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HD ehf and HS Orka to Expand Svartsengi Geothermal Power Plant

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By Robert Buluma Alphaxioms

Powering the Future: HD ehf's Groundbreaking Venture with HS Orka in Svartsengi

By:Robert Buluma


In the heart of the Sudomes community lies a beacon of innovation and progress – the Svartsengi power plant. This bustling hub of energy production has long been a symbol of power and resilience in the region. However, a new chapter is about to unfold as HD ehf, a leading player in the energy sector, embarks on a transformative journey with HS Orka to expand this vital facility.

In a monumental agreement signed on March 8th, HD ehf committed to equipping and expanding the Hs Orka power plant in Svartsengi. This partnership signifies not only a significant investment in infrastructure but also a bold step towards shaping the future of sustainable energy.

The scope of the project is nothing short of awe-inspiring. From material procurement to construction and installation, every aspect has been meticulously planned to ensure seamless execution. Platforms, stairs, pipe supports, and a sophisticated piping system will be constructed within the plant building, while a state-of-the-art pump station will be erected at the cooling tower. The installation and assembly of drop separators, gas absorbers, cooling towers, and turbine equipment will further enhance the plant's efficiency and capacity.

What sets this endeavor apart is not just its scale, but its profound impact on the community. The Svartsengi power plant holds a special place in the hearts of Sudomes residents, serving as a symbol of progress and prosperity. By investing in its expansion, HD ehf and HS Orka are not only meeting the growing energy demands but also bolstering the region's economy and infrastructure.

Moreover, this project marks a milestone in HD ehf's history, as the equipment installation contract stands as the largest single contract the company has ever undertaken. It speaks volumes about their expertise, commitment, and vision for a sustainable future.

But perhaps the most captivating aspect of this venture is its timeline. With work set to commence promptly, the project is targeted for completion and handover by October 30, 2025. This ambitious goal underscores the determination and efficiency of all parties involved, showcasing their unwavering dedication to bringing this vision to life.

Our recent article encompounds how Kolos Geothermal Heating Plant Project come into life

As we eagerly anticipate the transformation of the Svartsengi power plant, one thing is certain – the future of energy is bright, and HD ehf and HS Orka are at the forefront of driving change. Together, they are not just expanding a power plant; they are paving the way for a cleaner, more sustainable tomorrow.

Source:HD Technical Services

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