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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...

Geothermal Exploration on Hawaiian Home Lands

Geothermal Exploration on Hawaiian Home Lands: A Path to Energy Independence and Economic Empowerment By: Robert Buluma In a bold move that could reshape Hawaii's energy landscape and provide long-term benefits for Native Hawaiians, the Department of Hawaiian Home Lands ( DHHL ) announced plans to request $15 million from the state legislature for geothermal exploration. This funding, spread over three years, aims to investigate and identify geothermal resources across DHHL's trust lands statewide. Led by DHHL Chair Kali Watson, the initiative highlights geothermal energy's potential as a revenue generator to lower electricity costs for homesteaders, produce water through desalination processes, and fund essential home construction projects. "It’s actually a tremendous potential revenue source, especially considering the cost of electricity nowadays," Watson emphasized in recent statements. This proposal comes at a pivotal time for Hawaii, where high energy costs ...

Dongying's 162°C Geothermal Breakthrough and the Path to Monetization

Unearthing the Future: Dongying's 162°C Geothermal Breakthrough and the Path to Monetization By: Robert Buluma In the heart of Shandong Province's Dongying Port Economic Development Zone, a remarkable spectacle unfolded on January 9, 2026. From the depths of the earth, at a staggering 4002.17 meters below the surface, hot water surged forth from the "Dong Gao Re 1" well, reaching an outlet temperature of 138°C and a bottom-hole temperature of 162°C. This wasn't just a gush of steam and water; it was a beacon of hope for China's energy transition. Enveloped in a misty plume that caught the winter sun's rays, creating subtle rainbows, this event marked a pivotal moment in the nation's pursuit of sustainable energy under the "dual carbon" goals—aiming for carbon peak by 2030 and neutrality by 2060. The announcement came during a press conference on the "Deep High-Temperature Geothermal Resources Exploration in the Yellow River Basin of Shan...

Green Therma and GFZ Potsdam Launch Breakthrough Geothermal Demonstration

Turning Deep Earth Heat Into a Scalable Climate Solution: Green Therma and GFZ Potsdam Launch Breakthrough Geothermal Demonstration By: Robert Buluma Published on January 17, 2026 In the quest for reliable, carbon-neutral energy, geothermal heat stands out as one of the most promising yet underutilized resources. Unlike solar or wind, which depend on weather, geothermal energy draws from the Earth's constant internal heat — a source that's available 24/7, year-round. However, traditional geothermal systems often face high costs, geological risks, and significant heat loss when extracting energy from great depths. Enter Green Therma, a Danish innovator, and the Helmholtz Centre Potsdam GFZ (Germany's leading earth sciences research center). In early 2026, they're launching a groundbreaking demonstration at the renowned geothermal research site in Groß Schönebeck, north of Berlin. This project marks the world's first real-world installation of Green Therma's pate...

Rodatherm Energy: Pioneering Closed Loop Geothermal in Utah

Revolutionizing Geothermal Energy: Rodatherm's Game-Changing Approach in Utah Posted by Alphaxioms Geothermal News on January 17, 2026 Utah-based Rodatherm Energy Corporation has revolutionized the geothermal energy equation, and venture capitalists have taken note. With pilot projects planned for Millard County and Beaver County, the company has what founder and CEO Curtis Cook calls “a novel approach” to geothermal technology. In a world racing toward sustainable energy solutions, geothermal power has long been a reliable but underutilized player. Traditional geothermal systems rely on water to extract heat from the Earth's depths, often limiting their deployment to remote, sparsely populated areas due to environmental concerns and high costs. But Rodatherm is flipping the script with its innovative, waterless closed-loop system that promises efficiency, scalability, and minimal environmental impact. At the heart of Rodatherm's technology is what Cook describes as ...

52 Golden Geothermal Sites in Tanzania: Cupid's Arrow Hits the Energy Bullseye

Tanzania Embraces Geothermal Energy: A Path to Sustainable Power By: Robert Buluma Tanzania is taking bold steps toward a cleaner, more reliable energy future by prioritizing geothermal power development. During a recent address at the International Renewable Energy Agency (IRENA) Annual Meeting of the Global Geothermal Alliance (GGA) in Abu Dhabi, United Arab Emirates, Minister for Energy Deogratius Ndejembi reaffirmed the government’s firm commitment to geothermal energy as a key pillar of the country’s energy mix. The minister emphasized that geothermal will help deliver sufficient, affordable, and sustainable electricity while supporting global efforts to transition to clean energy systems. This strategic focus is embedded in major national and international frameworks, including Tanzania’s Development Vision 2050, the 2015 National Energy Policy, the United Nations Sustainable Development Goals (SDGs), and the country’s Nationally Determined Contributions (NDCs) under the Paris cl...

The 2025 U.S. Geothermal Market Report published by the National Laboratory of the Rockies & Geothermal Rising

The 2025 U.S. Geothermal Market Report published by the National Laboratory of the Rockies (NLR, formerly NREL) in collaboration with Geothermal Rising and supported by the U.S. Department of Energy's Geothermal Technologies Office (GTO), provides a comprehensive update on the geothermal sector since the 2021 report.  By:  Robert Buluma Released in 2025 (with data through mid-2025), it expands coverage to include geothermal heat pumps (GHPs) for single-building and district applications, alongside power generation and direct use. The report highlights steady growth in installed capacity, accelerating investment in next-generation technologies like enhanced geothermal systems (EGS) and closed-loop geothermal (CLG), cost declines, policy support, and emerging opportunities driven by demand for reliable, 24/7 clean energy. Geothermal Power Generation: Steady Growth and Momentum U.S. geothermal power has seen consistent expansion, with nameplate installed capacity reaching 3,96...

SMUD and Calpine's Contracts Expansion at The Geysers Geothermal Field

Harnessing Earth's Fury: SMUD and Calpine's Bold Expansion at The Geysers Geothermal Field Deep beneath the rolling hills of Northern California, a primordial force simmers—a vast reservoir of superheated steam, born from the planet's molten core. This is The Geysers, the world's largest geothermal complex, where the Earth's inner heat is tamed to power homes, businesses, and dreams of a cleaner future. In a significant step forward for renewable energy, the Sacramento Municipal Utility District (SMUD) and Calpine Corporation have announced an extension and expansion of their power purchase agreement (PPA) for geothermal energy from this iconic site. This partnership boosts capacity, fortifies the grid, and promises reliable, zero-carbon power for decades to come. The Geysers' story blends natural wonder with human innovation. Revered for millennia, the area saw commercial geothermal power generation begin in 1960. Today, the field spans a vast area in the Mayac...

Switch's Bold Move: 13MW Geothermal PPA with Ormat in Nevada – Game-Changer

Switch's Bold Move: Signing a 13MW Geothermal PPA with Ormat Technologies in Nevada – A Game-Changer for Sustainable Data Centers Image: Ormat Power Plant Posted by Alphaxioms Geothermal News on January 12, 2026 Welcome back to Alphaxioms Geothermal News, your go-to source for all things geothermal energy, innovation, and sustainability. As we kick off 2026, the intersection of renewable energy and high-tech industries is heating up—literally. Today, we're diving deep into a groundbreaking announcement that's set to reshape how data centers power their operations. Global data center operator Switch has inked a 20-year Power Purchase Agreement (PPA) with Ormat Technologies for 13MW of geothermal power from the Salt Wells geothermal power plant in Nevada. This isn't just another deal; it's a pivotal step toward carbon-free, reliable energy for the AI-driven future. In this comprehensive blog post, we'll unpack the details of this agreement, explore the technolog...

China-Backed OrPower 22 to Start Supplying 35MW Geothermal Power to Kenya in March

Kenya's Geothermal Revolution: How the China-Backed OrPower 22 Plant is Powering a Sustainable Future By: Robert Buluma Kenya stands tall as a leader in Africa's renewable energy journey, with geothermal power taking center stage. Deep within the dramatic landscapes of the Great Rift Valley lies one of the continent's most abundant and reliable clean energy resources. Experts estimate Kenya's geothermal potential at over 10,000 MW, yet the country has so far developed only a fraction—approximately 950 MW—placing it among the world's top geothermal producers despite utilizing just a small portion of what nature offers. In this exciting chapter of Kenya's energy story, the OrPower 22 geothermal power plant marks a significant milestone. This 35 MW facility, supported by China's Kaishan Group , is scheduled to start delivering electricity to Kenya Power in March 2026. With the plant now complete and testing set to begin shortly, the $92 million (approximately ...

Versailles Powers Its Historic Legacy with Deep Geothermal Energy: A Model for Sustainable Urban Heating

Versailles Embraces Deep Geothermal Energy to Decarbonize Its District Heating Network By Robert Buluma The historic city of Versailles in France's Yvelines department is taking a bold step toward sustainability. On December 18, 2025, Mayor François de Mazières and Franck Lacroix, Deputy Managing Director of Engie , signed a 32-year concession agreement. This partnership entrusts Engie with transforming, modernizing, and greening the city's district heating network, aiming to slash carbon emissions while providing reliable, renewable heat to residents. At the project's core is deep geothermal energy, harnessing the natural heat from underground aquifers. The site targets the Dogger aquifer, a limestone formation from the Middle Jurassic period, located about 1,500 meters below the Paris Basin. Water in this layer reaches temperatures of around 60°C, making it ideal for heating. The plan involves drilling a geothermal doublet two wells: one to extract hot water and another t...

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Top 10 Critical Geothermal Energy Problems Costs Risks Seismicity

Top 10 Geothermal Problems: Why a 24/7 Resource Still Struggles to Scale Image credit : Fida, C.E.O Geosilica... This is what scaling looks like downhole in geothermal pipes Intelligence; Strategy for the Geothermal Decade Geothermal energy is often presented as the clean firm resource that can support a renewable electricity system around the clock. It does not depend on sunshine, it can operate through calm weather, and it can provide heat and power for decades. Kenya already relies heavily on geothermal generation , Iceland uses geothermal heat across its economy, and next generation developers are now signing large power contracts with technology companies seeking reliable carbon free electricity. Yet the global geothermal sector remains small compared with solar and wind, with installed electricity capacity still near 16 GW.  That gap is not caused by one obstacle. It is produced by a chain of interlocking problems involving geology, drilling, finance, permitting, public acce...

Serbia Advances Mišeluk Geothermal District Heating Project in Novi Sad

Serbia Advances Geothermal Drilling for the Mišeluk District Heating Plant in Novi Sad Serbia is moving forward with plans to develop a geothermal district heating system in Mišeluk, a rapidly urbanizing area of Novi Sad. The project is intended to place geothermal energy at the centre of a new low-carbon heating network, supported by solar power and natural gas backup. Exploratory drilling and construction of the heat distribution network are being carried out by JKP Novosadska toplana, Novi Sad’s public district heating utility. The initiative is supported through the United Nations Development Programme’s “Geothermal Energy in Serbia” programme, with financial backing from Slovakia.  The Mišeluk project is important not only because it could provide a new renewable heat source for Novi Sad, but also because it demonstrates how geothermal energy can be integrated into urban development from the earliest planning stages. Rather than retrofitting a geothermal system into an establi...

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...

Alphaxioms Interviews Rystad Energy: Geothermal's Inflection Point, Policy, and Drilling Breakthroughs

Geothermal at an Inflection Point: Why Policy, Conventional Resources, and Drilling Breakthroughs Will Define the Next Decade This interview was conducted by Robert Buluma on behalf of Alphaxioms,  responses delivered by  Alexandra Gerken Product manager, Geothermal solution at Rystad Energy   Introduction: The Strategic Crossroads for Geothermal Geothermal energy is entering a decisive phase. After decades of steady but regionally concentrated development, the sector now faces a confluence of technological innovation, policy ambition, and market demand that could either unlock global scale or confine geothermal to niche applications. Alexandra Gerken, Product Manager for Geothermal Solutions at  Rystad Energy , offers a clear-eyed assessment of where the industry stands, which technologies will drive near-term growth, and what must happen for geothermal to become a globally significant source of firm, low-carbon power. Her analysis emphasizes three pillars: the imme...

North America Geothermal Energy Investment Opportunities, Companies, Resources, and Market Outlook

Investment Opportunities in North American Geothermal Energy North America is entering a new investment cycle in geothermal energy. The United States offers the region’s deepest commercial market and the largest advanced-geothermal pipeline; Mexico provides proven high-temperature volcanic resources and an established utility-scale industry; while Canada presents an earlier-stage opportunity centered on sedimentary-basin geothermal, direct-use heating, closed-loop systems, and oil-and-gas technology transfer. The investment case now extends well beyond conventional geothermal power plants. It includes enhanced geothermal systems, advanced closed-loop systems, geothermal heat pumps, district heating, industrial heat, geothermal storage, lithium extraction from geothermal brines, data-center power, and hybrid renewable-energy projects. In the United States, utilities had already procured or agreed to procure 1,007 MW of next-generation geothermal capacity through 12 power-purchase agreem...

PT Geo Dipa Energi Launches Strategic Minor Overhaul Tender for Dieng Unit 1 to Strengthen Geothermal Reliability

PT Geo Dipa Energi Opens Tender for Minor Overhaul of Dieng Unit 1 in 2026 Image: Indonesian Geothermal power plant PT Geo Dipa Energi (Persero) has opened a tender for the minor overhaul of the Dieng Geothermal Power Plant Unit 1 in 2026, signaling a continued focus on preserving the reliability of one of Indonesia’s most important geothermal assets. The procurement is aimed at selecting a qualified contractor with proven experience in turbine and generator maintenance for thermal power plants, underscoring the technical complexity and operational importance of the work. The tender, identified as RKS-004-PST/GDE/I/2026, uses a post-qualification bidding method and applies strict administrative, technical, and safety requirements. The schedule places document registration and collection between 26 and 28 January 2026, followed by a mandatory RKS explanation session and field visit on 29 January 2026. Procurement Scope and Process The procurement procedure requires prospective bidders...

New Mexico Tribal Geothermal Development: Energy Sovereignty, Jobs, Investment

New Mexico’s Tribal Lands Poised for Geothermal Development: Opportunity, Challenges, and Pathways to Energy Sovereignty Image:  Located in Lordsburg, Lightning Dock is the only utility scale geothermal power plant in New Mexico. (BLM New Mexico via Flickr) Why geothermal matters for New Mexico tribes, nations, and pueblos Geothermal energy uses heat from the earth to produce electricity or heat buildings directly. For New Mexico — a state with abundant subsurface heat resources — geothermal offers a reliable, low‑emission complement to wind and solar. Unlike intermittent renewables, geothermal provides baseload power capable of supporting grid stability and reducing reliance on fossil fuels. For tribal communities, geothermal has particular appeal: it aligns with many Indigenous values around stewardship, can be developed with relatively low water demand compared with some thermal technologies, and offers long‑term revenue, jobs, and enhanced local control over energy resources. E...

"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...

Green Therma Selects H&P to Drill Denmark’s Longest Geothermal Well

Green Therma Selects H&P to Drill Denmark’s Longest Geothermal Well for Aalborg Heat4Ever Demonstration Denmark is moving from geothermal ambition to execution. Green Therma has selected Helmerich & Payne to drill the Heat4Ever demonstration well near Aalborg, a project that could become one of the country’s most technically ambitious geothermal developments and a meaningful test of closed-loop district heating.   A milestone for Danish geothermal The Aalborg Heat4Ever project matters because it is designed to prove that geothermal heat can be delivered without relying on a natural hot-water reservoir. Instead of producing groundwater from a conventional geothermal field, the system uses a closed-loop pipe-in-pipe design that circulates the same fluid downhole, heats it in contact with hot rock, and returns it to the surface for district heating use.  That distinction is important for Denmark, where district heating is already a major part of the energy system ...

Geothermal Innovation, Superhot Systems, Social License, and the Future of Global Geothermal Energy

In this interview, Dr. Amel Barich, Founder & CEO of Geoscience Research and Communications (GRC) , shares insights into the future of geothermal energy, covering superhot geothermal systems, advanced drilling, international collaboration, social license to operate, developing-country opportunities, and the growing role of geothermal in integrated energy systems.  Image : Dr. Amel Barich Founder & CEO, Geoscience Research and Communications (GRC) Geoscientist | Geothermal R&D&I | Social License to Operate Q1. Could you briefly introduce yourself and describe your current role in advancing geothermal innovation? I am a geoscientist and geothermal professional with a background spanning geothermal research and innovation, international collaboration, policy and science diplomacy, stakeholder engagement, and strategic communication. Over the past decade, I have worked from Iceland across major European and international geothermal initiatives, leading collaborative R...