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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...

Powering Sweet Success: Taiwan Fructose's Geothermal Energy Partnership in the Philippines

A Sweet Transition: How Taiwan Fructose is Powering Philippine Manufacturing with Clean Geothermal Energy

In a world increasingly focused on sustainability, some partnerships stand out as truly inspiring. One such collaboration is between Taiwan Fructose Co. Ltd.'s Philippine subsidiary and First Gen Corporation, which has teamed up to supply the company's Batangas production facility with clean geothermal energy. This innovative agreement not only ensures reliable power for manufacturing sweeteners but also marks a significant step toward decarbonizing industrial operations in the Philippines. It's a perfect example of how renewable energy can sweeten the deal for both business and the environment.

The partnership was recently announced, allowing Taiwan Fructose (Philippines) — a leading global supplier of high-quality sweeteners — to draw electricity directly from First Gen-EDC's Bacon-Manito (Bac-Man) geothermal complex located in the Bicol region. This power will fuel the company's state-of-the-art production and logistics hub situated in the First Philippine Industrial Park (FPIP) in Batangas province.

What makes this deal particularly noteworthy is its alignment with the Philippine government's Green Energy Option Program (GEOP). This initiative empowers eligible large-scale end-users, like manufacturing firms, to select renewable sources for their electricity supply. By choosing geothermal energy, Taiwan Fructose ensures uninterrupted operations for its export-focused business while drastically lowering its carbon emissions. It's a strategic move that supports seamless production without compromising on environmental responsibility.

As highlighted by industry leaders, geothermal energy stands out for its ability to provide baseload power — meaning it operates consistently 24/7, regardless of weather conditions. This reliability is crucial for energy-intensive industries. Carlo Vega, First Gen's Chief Customer Engagement Officer, emphasized this point: “Geothermal energy is a renewable energy source that can run at baseload capacity, which is ideal for industries that require stable 24/7 power supply with a lower carbon footprint. We are pleased to support Taiwan Fructose in its journey towards sustainability and decarbonization.”

Geothermal power taps into the Earth's internal heat, drawing steam or hot water from underground reservoirs to generate electricity. Unlike solar or wind, which can fluctuate, geothermal offers dispatchable, firm renewable energy. The Bac-Man complex, managed by Energy Development Corporation (EDC) — a First Gen subsidiary and the world's largest vertically integrated geothermal company — demonstrates this technology's prowess. With multiple plants harnessing volcanic heat in the region, it delivers clean, dependable power that aligns perfectly with the demands of modern manufacturing.

At the heart of Taiwan Fructose's operations in Batangas is the production of glucose and fructose syrups, along with various sweetening additives essential for the food, beverage, and health supplement industries. These products are primarily destined for international markets, requiring precise, continuous processes involving hydrolysis, refining, and evaporation. Such manufacturing demands a steady energy supply to maintain quality and efficiency. Geothermal's constant output makes it an ideal partner for these "sweet" operations, reducing reliance on fossil fuels and enhancing operational resilience.

This shift to renewables is more than just a corporate choice; it's part of a broader movement in the Philippines toward a greener economy. First Gen boasts over 1,600 MW of installed renewable capacity, spanning geothermal, hydro, wind, and solar facilities. These assets play a vital role in bolstering the nation's energy security while advancing low-carbon goals. By partnering with companies like Taiwan Fructose, First Gen is accelerating the adoption of clean energy across industrial parks and export zones.

For Taiwan Fructose, embracing geothermal power aligns with global sustainability standards and helps meet the growing demand from consumers and regulators for eco-friendly products. Even in an industry known for its sugary outputs, this move proves that manufacturing can be both productive and planet-friendly. It's a testament to how innovation in energy can transform traditional sectors.

The collaboration also highlights the Philippines' unique advantages in geothermal resources. As one of the world's top geothermal producers, the country has vast potential to lead in renewable industrial applications. Programs like GEOP are opening doors for more businesses to follow suit, creating a ripple effect that could decarbonize entire supply chains.


In essence, this partnership between Taiwan Fructose and First Gen is a win-win-win: for the companies involved, for the environment, and for the Philippines' ambitious renewable energy agenda. It shows that sustainability doesn't have to come at the expense of growth — in fact, it can enhance it. As more industries make similar transitions, we're moving toward a future where clean energy powers innovation across the board.

This "sweet" deal reminds us that small steps in corporate responsibility can lead to big environmental impacts. Here's to more collaborations that blend industry needs with regenerative power, creating a cleaner, more sustainable world one facility at a time.

What do you think about this green initiative? Could geothermal energy be the key to powering more manufacturing sectors sustainably? I'd love to hear your thoughts in the comments!

Related: First Gen Renews 10-MW Geothermal Energy Supply to Unilever Philippines

Source:Business World

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