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: 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 ...