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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...

Kalisz Goes Geothermal: Drilling 1,700 Meters for Thermal Pools, Heated Homes & Cleaner Air

Kalisz Embarks on Geothermal Revolution: 1,700-Meter Well to Unlock Network of Thermal Pools, Heated Apartment Blocks, and Homes By: Robert Buluma In the heart of Poland’s Greater Poland Voivodeship, the historic city of Kalisz is taking a bold leap into the renewable energy future. On February 25, 2026, city authorities signed a landmark contract to drill an exploratory geothermal well reaching 1,700 meters deep. The project, dubbed “Kalisz GT1,” aims to confirm the presence, quality, temperature, and productivity of thermal waters beneath the city — potentially transforming Kalisz into a hub for low-carbon district heating and a network of therapeutic thermal pools. The headline-grabbing Polish announcement — “Sieć basenów termalnych, ogrzane bloki i domy. Miasto drąży odwiert na 1700 metrów” — perfectly captures the ambition: a geothermal-powered network of thermal baths, heated residential blocks, and family homes. If successful, this could slash heating costs, improve air quality,...

Jollibee Group Switches Philippine Commissaries to 99% Renewable Energy – Powered by Geothermal from First Gen!

The Jollibee Group , the powerhouse behind the iconic fast-food chain loved across the Philippines and beyond, has taken a massive step toward sustainability.  By: Robert Buluma In a groundbreaking move announced in early February 2026, the company has shifted 99% of the electricity needs for its Philippine commissaries to renewable geothermal power supplied by First Gen Corporation. This isn't just a small tweak,it's a major leap in reducing environmental impact while keeping the joy flowing through millions of meals daily. What Are Commissaries and Why Do They Matter? Commissaries are the large-scale food production and distribution hubs where Jollibee prepares ingredients, sauces, patties, and other essentials before sending them to thousands of stores. These facilities consume substantial energy for refrigeration, cooking, processing, and logistics—making them prime targets for greener upgrades. By going renewable here, Jollibee tackles emissions at the source of its supply...

Dutch-Ukrainian Collaboration Launches Pre-Feasibility Study: Shallow Geothermal District Heating Takes Off in Starokostiantyniv, Ukraine – Powered by RVO & Embassy Support!

Ukraine's Push for Sustainable Heating: The Starokostiantyniv Shallow Geothermal District Heating Project By: Robert Buluma In the heart of Central Ukraine, the town of Starokostiantyniv in the Khmelnytskyi region is stepping into a promising future for clean, reliable heating. A new collaborative initiative, funded by the Netherlands Enterprise Agency (RVO) and supported by the Embassy of the Kingdom of the Netherlands in Ukraine, has officially launched. Titled "Shallow Geothermal District Heating in Ukraine," this pre-feasibility study and regulatory recommendations project aims to integrate innovative shallow geothermal technology into the town's district heating system. This development comes at a critical time for Ukraine. The ongoing war has severely disrupted traditional energy supplies, making energy security and resilience top priorities. District heating, which serves a large portion of urban populations through centralized systems, remains heavily reliant...

Strataphy and Saudi Tabreed Forge Groundbreaking Partnership: Pioneering Geothermal Cooling for Saudi Arabia's AI and Digital Infrastructure Boom

The recent announcement from Stratatphy marks a significant step in sustainable infrastructure development in Saudi Arabia. At the Public Investment Fund (PIF) Private Sector Forum held February 9-10, 2026, in Riyadh, Strataphy signed a strategic agreement with Saudi Tabreed District Cooling Company, a key player backed by the PIF. By:  Robert Buluma Image:Strataphy and Saudi Tabreed Forge Groundbreaking Partnership: Pioneering Geothermal Cooling for Saudi Arabia's AI and Digital Infrastructure Boom This partnership integrates Strataphy's innovative PrimeLoop geothermal cooling technology with Saudi Tabreed's established district cooling platforms. The goal is to address the escalating cooling demands driven by Saudi Arabia's massive buildup of AI and digital infrastructure, including over 3 GW of planned data center capacity.  The Cooling Crisis in the Age of AI Saudi Arabia's ambitious Vision 2030 and beyond includes transforming the Kingdom into a global hub fo...

Safran & Dalkia Pioneer France's First Industrial Deep Geothermal Plant in Île-de-France

Pioneering Industrial Deep Geothermal in Île-de-France: Safran Aircraft Engines and Dalkia Achieve Major Milestone at Villaroche Site By: Robert Buluma In a major step forward for industrial decarbonization in France, Safran Aircraft Engines — a global leader in aeronautical propulsion — has partnered with Dalkia (an EDF subsidiary) to develop the first deep geothermal station dedicated to industry in the Île-de-France region. Announced in a press release on February 18, 2026, the project at Safran's Villaroche industrial site in Seine-et-Marne has reached a key milestone: the producer well (puits producteur) has been successfully drilled to a depth of 1,650 meters, tapping into naturally heated water at around 75°C. Drilling for the injector well is now underway, with completion expected in April 2026 and full commissioning of the geothermal plant targeted for autumn 2026. This innovative installation combines deep geothermal energy, high-efficiency heat pumps, and modernized ...

BGS Seeks Your Input: Shaping the Future of Geothermal Subsurface Data for Shallow Heat Pumps Across Great Britain

UK's British Geological Survey Seeks Your Input: Shaping the Future of Shallow Geothermal Data Products for Net Zero Heating By:  Robert Buluma The British Geological Survey (BGS) , in collaboration with Energy Systems Catapult (ESC), is gearing up to revolutionize how we access and use subsurface data for shallow geothermal energy—and they're actively asking for stakeholder feedback right now! Published on 24 February 2026, this exciting initiative aims to turn BGS's vast geological expertise and datasets into practical, user-friendly products that accelerate the rollout of ground source heat pumps (GSHPs) and other shallow geothermal solutions across Great Britain. With the UK's ambitious Net Zero targets demanding low-carbon heating alternatives, this could be a game-changer for buildings, heat networks, and decarbonization efforts. Why This Project Matters Shallow geothermal technologies, like closed-loop GSHPs, tap into the stable temperatures just below ground le...

Gradient Geothermal Teams Up with GEOT.Ai: Geothermal to Power Next-Gen AI Factories in LA Basin

The recent announcement from Gradient Geothermal  marks a pivotal moment in the intersection of renewable energy and artificial intelligence infrastructure.  By:  Robert Buluma On February 25, 2026, the Denver-based geothermal company signed a strategic Memorandum of Understanding (MOU) with Muir Global Holdings, LLC, the incubator of GEOT.Ai, to develop behind-the-meter geothermal power solutions specifically tailored for AI factories. The initial focus is a proposed pilot project in the Los Angeles Basin, southern California, aiming to deliver up to 5 megawatts of clean, reliable geothermal energy to power high-density AI compute clusters. This partnership is more than just another energy deal—it's a blueprint for reimagining how we power the AI revolution while addressing escalating concerns over grid strain, carbon emissions, and energy security. Why AI Factories Need Dedicated, Reliable PowerThe explosive growth of artificial intelligence has created unprecedented en...

Herrenknecht AG Wins 2026 European Geothermal Innovation Award with Groundbreaking Urban Vibro Truck

Congratulations to HERRENKNECHT AG – The 2026 EGIA Award Winner! By:  Robert Buluma Herrenknecht AG has been named the winner of the 2026 European Geothermal Innovation Award (EGIA), also known as the Ruggero Bertani European Geothermal Innovation Award. The award was presented by the European Geothermal Energy Council (EGEC ) during a special ceremony at the GeoTHERM Congress & Expo in Offenburg, Germany, on February 26, 2026. The EGIA recognizes companies making exceptional contributions to the advancement of geothermal energy in Europe through innovative products, scientific research, or project initiatives. Entries are evaluated based on originality, innovation, reliability, emission reductions, and improvements in energy output. This year, EGEC received 16 strong applications, making the selection process highly competitive. A jury of eight experts carefully reviewed the submissions and selected five finalists before crowning Herrenknecht AG as the winner. EGEC Preside...

DOE Drops $171.5 Million Bomb on Next-Gen Geothermal: America's Energy Future Just Got Hotter

The U.S. Department of Energy just dropped a massive boost for geothermal energy—and it's game-changing for the future of clean, reliable power! By:  Robert Buluma DOE Unleashes $171.5 Million to Supercharge Next-Generation Geothermal in the U.S. On February 25, 2026, the Department of Energy (DOE) announced a funding opportunity worth up to $171.5 million through its Office of Geothermal. This isn't small change—it's aimed at accelerating next-generation geothermal technologies that could unlock massive potential for affordable, 24/7 baseload energy across America. Why does this matter? The U.S. already leads globally with about 4 gigawatts of installed geothermal capacity, but DOE studies show we could realistically scale to at least 300 gigawatts by 2050. That's enough to power millions of homes and businesses with clean, domestic energy that doesn't rely on weather or time of day. This funding directly supports President Trump's Executive Order on Unleashing...

Cornwall Awakens the Earth's Power: The UK's First Geothermal Plant Lights Up – And Starts Making Green Lithium

UK's Geothermal Dawn: Cornwall Lights Up the Future of Constant Clean Power and Green Lithium Too By: Robert Buluma Image: Cornwall becomes the heartbeat of UK Geothermal,  Great time to be alive On February 26, 2026, a quiet but historic moment unfolded in the granite heartland of Cornwall. After years of vision, engineering grit, and one of the deepest holes ever sunk into British rock, Geothermal Engineering Ltd (GEL ) flipped the switch. The United Downs Deep Geothermal Power Plant came online – the first time the United Kingdom has ever generated grid electricity directly from the Earth’s natural heat. This isn’t another wind farm that stops when the breeze dies, or a solar array that goes dark at dusk. This is baseload renewable power: steady, weather-independent, always available. Up to 3 MW of constant electricity is now flowing  enough to supply roughly 10,000 British homes  sold under a long-term agreement to Octopus Energy. At the same moment, the same geotherm...

INL Expert Trevor Atkinson Reveals Geothermal's Path to Scalability and Breakthroughs

Exclusive Insights from INL's Trevor Atkinson: The Future of Enhanced Geothermal Systems (EGS) , Critical Minerals , and Why Geothermal Lags Behind Wind & Solar Published on Alphaxioms Geothermal Insghts   Date: [February 26, 2026]   By Robert Buluma In a detailed email interview, Trevor Atkinson, Research Scientist in Geothermal Energy and Subsurface Systems at Idaho National Laboratory (INL) , shares candid perspectives on the field's priorities, breakthroughs, barriers, and potential. His work focuses on subsurface characterization, reactive-transport modeling, AI optimization, and integrating geothermal with critical mineral recovery. 1. What is INL’s most important geothermal research priority today, and why?   Advancing Enhanced Geothermal Systems (EGS ) through physics-based modeling and AI-driven optimization. My research focuses on subsurface characterization and reactive-transport modeling, which are essential for predicting fluid–rock interactions and...

Popular posts from this blog

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...

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...

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...

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...

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...

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...

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...

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 ...

INL Expert Trevor Atkinson Reveals Geothermal's Path to Scalability and Breakthroughs

Exclusive Insights from INL's Trevor Atkinson: The Future of Enhanced Geothermal Systems (EGS) , Critical Minerals , and Why Geothermal Lags Behind Wind & Solar Published on Alphaxioms Geothermal Insghts   Date: [February 26, 2026]   By Robert Buluma In a detailed email interview, Trevor Atkinson, Research Scientist in Geothermal Energy and Subsurface Systems at Idaho National Laboratory (INL) , shares candid perspectives on the field's priorities, breakthroughs, barriers, and potential. His work focuses on subsurface characterization, reactive-transport modeling, AI optimization, and integrating geothermal with critical mineral recovery. 1. What is INL’s most important geothermal research priority today, and why?   Advancing Enhanced Geothermal Systems (EGS ) through physics-based modeling and AI-driven optimization. My research focuses on subsurface characterization and reactive-transport modeling, which are essential for predicting fluid–rock interactions and...

Texas Geothermal Energy Growth: RRC Permits, Geopressured Storage, and Shallow Well Expansion in 2026

Geothermal Energy Gains Ground in Texas Under RRC Leadership Texas is better known for oil and gas, but over the last three years the state has rapidly expanded its geothermal footprint under the regulatory oversight of the  Railroad Commission of Texas (RRC) . From permitting deep geopressured wells for long-duration energy storage to a surge in shallow closed-loop ground-source systems used for heating and cooling, geothermal technologies are moving from pilot projects into commercial-scale development. The RRC’s transfer of geothermal jurisdiction from the  Texas Commission on Environmental Quality (TCEQ) in September 2023, combined with carefully calibrated rules and a permissive permitting pathway, have helped accelerate deployment while preserving environmental and safety safeguards. This article examines the technical and regulatory developments that underpin the growth of geothermal energy in Texas, assesses commercial opportunities and constraints, and outlines the o...