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...
PGE’s Lumut Balai Unit 2: The 55 MW Geothermal Breakthrough Powering Indonesia’s Clean Energy Future
PGE’s Lumut Balai Unit 2: A 55 MW Geothermal Triumph Rewriting Indonesia’s Clean Energy Future By: Robert Buluma Indonesia has once again staked its claim as a global geothermal heavyweight. With the successful operationalization of the Lumut Balai Unit 2 Geothermal Power Plant, PT Pertamina Geothermal Energy Tbk (PGE) has delivered a strategic blow in the global race toward clean baseload energy. More than just a 55 MW addition to the country’s energy mix, this project marks a bold step in Indonesia’s ambition to expand its geothermal capacity to 1 gigawatt within the next few years. In a world grappling with climate volatility, unstable energy prices, and growing demand for reliable renewable power, this achievement resonates far beyond Indonesia’s borders. It signals a shift — a declaration that geothermal energy is rapidly maturing, scaling, and proving itself as the backbone of modern clean-energy systems. A Milestone Project in a Region Rich With Geothermal Potential Lumut ...