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...
Chinese-Funded 35MW Geothermal Plant: A Leap Toward Clean Energy Access in Kenya By: Robert Buluma In a historic moment underscoring Kenya's commitment to sustainable energy, Kenyan President William Ruto fired up a bulldozer on October 24, 2024, to break ground for a new 35-megawatt geothermal power plant in Nakuru County. This $90 million project, dubbed the Orpower 22 Geothermal Power Plant, is set to fuel Kenya’s drive towards a greener future and unlock vast potential for clean energy in the region. The plant, which will be constructed through a partnership between Kenya and the Chinese-based Kaishan Group Co. Ltd., is a landmark in Kenya’s journey to achieving a 100% green national electricity grid by 2030. This bold project is not just a milestone for clean energy but also a powerful testament to Kenya's role as a leader in Africa’s green revolution. A Visionary Partnership for a Greener Kenya This groundbreaking endeavor is only possible thanks to Kenya’s supportive bu...