Who Is Really Funding Next-Gen Geothermal in 2026? Next-generation geothermal has moved beyond laboratory research into a capital-intensive commercialization phase. In 2026, the most important financing is no longer coming from one investor category: venture capital funds are financing drilling, subsurface modelling and hardware; strategic energy companies are providing equipment, project access and market credibility; banks are beginning to lend against contracted projects; and governments are absorbing exploration and first-of-a-kind technology risk. The strongest financing activity is concentrated in the United States and Canada, but Europe is becoming increasingly important through Germany-based deployment, European Union grants, UK innovation support, and strategic participation from European energy companies. The central investment question is changing from “Can this technology work?” to “Can the developer deliver repeatable, financeable projects at commercial cost?” The 2026 fun...
Mijnwater starts drilling for new heat source on Terhoevenderweg in Heerlen New source expands Parkstad’s district heating and cooling network Mijnwater has started drilling work for a new heat source at Terhoevenderweg in Heerlen, marking another important step in the expansion of its sustainable heating and cooling network in Parkstad. After a period of preparation, work began this week and is expected to continue for three to four weeks. Because the operation must be completed safely and efficiently, the drilling is taking place 24 hours a day, seven days a week. The project is part of Mijnwater’s broader effort to strengthen a low-carbon energy system for the region. The new source will tap warm groundwater in a former mine passage deep underground and feed that energy into the company’s network. For Heerlen and the surrounding area, this means further development of a district energy system that draws value from the region’s mining past while supporting a more sustainable energy ...