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

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...

GEL To Operate First UK Geothermal Power Plant at Cornwal

United Kingdom's First Geothermal Power Plant Set to Revolutionize Energy Sector

By:Robert Buluma

Image: Exergy ORC Turbine To Be Used At athe United Downs Site by Gel at Cornwal

The United Kingdom is on the cusp of a significant milestone in its renewable energy journey with the imminent launch of its first geothermal power plant. This groundbreaking project, managed by Geothermal Engineering Limited (GEL) under the visionary leadership of Ryan Law, promises to deliver sustainable baseload power for electricity and heating while ambitiously seeking to harness lithium from geothermal brine.

A Game-Changer in Renewable Energy

Located in Cornwall, this pioneering geothermal power plant is set to transform the UK's energy landscape. The plant, which has been in development for a Great time, recently reached crucial milestones that bring it closer to full operation. Central to this progress was the installation of an Organic Rankine Cycle (ORC) turbine from Exergy, a company renowned for its advanced energy solutions. This turbine, installed two months ago by Mathew Clayton with the support of Thrive Renewables, Jason Cheng, and Kerogen Capital, is a key component in converting geothermal energy into electricity.



Cutting-Edge Technology and Collaborations

The success of this project hinges on cutting-edge technology and strategic collaborations. Just a month ago, electrical submersible pumps were installed, enabling the efficient extraction of geothermal fluids. This critical phase was executed with expertise from Baker Hughes, under the guidance of Barry Irvine. These pumps are essential for drawing up the geothermal brine, which not only generates electricity but also offers the potential to extract valuable lithium, a crucial component in batteries for electric vehicles and portable electronics. At 200 degree celcius in the Kingdom, just lovely.

Harnessing the Earth's Heat for a Greener Future

Geothermal energy harnesses the heat stored beneath the Earth's surface, providing a consistent and reliable source of power. Unlike solar or wind energy, geothermal energy is not subject to weather fluctuations, making it an ideal candidate for baseload power – the minimum level of demand on an electrical grid over a span of time. This reliability ensures a steady supply of green energy, reducing the UK's dependence on fossil fuels and contributing to its climate goals.

The Visionaries Behind the Project

Ryan Law and his team at Geothermal Engineering Limited have been at the forefront of this revolutionary project. Their dedication and foresight have been instrumental in overcoming the technical and financial challenges associated with geothermal energy extraction. With support from Thrive Renewables and financial backing from Kerogen Capital, the project has garnered significant investment and interest from the renewable energy community.

Lithium Extraction: A Dual Benefit

In addition to generating electricity and providing heating solutions, the plant aims to extract lithium from geothermal brine. This dual benefit not only maximizes the use of geothermal resources but also positions the UK as a potential leader in the sustainable extraction of lithium, a material critical for the growing electric vehicle market.

A Bright Future for Renewable Energy in the UK

As the UK's first geothermal power plant gears up for operation, it marks a significant step towards a more sustainable and self-sufficient energy future. The collaborative efforts of Exergy, Baker Hughes, Thrive Renewables, and Geothermal Engineering Limited exemplify the innovative spirit driving the renewable energy sector. With the successful implementation of this project, the UK is poised to unlock the vast potential of geothermal energy, paving the way for future advancements and setting a precedent for sustainable energy solutions worldwide.

Stay tuned as this revolutionary plant begins its journey towards providing clean, reliable, and innovative energy solutions for the UK and beyond.

Connect With Us:Alphaxioms

Source:Ryan Law

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