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...
Archbishop Paul Boedhie Kleden Opposes Geothermal Projects on Flores Island By: Robert Buluma image of Pope Francis waving at congregates The lush landscapes of Flores Island, Indonesia, known for its vibrant Catholic population and rich agricultural traditions, have recently become a battleground over environmental and social concerns. Archbishop Paul Boedhie Kleden of Ende Diocese has openly opposed geothermal power plant projects in the region, raising significant questions about the balance between renewable energy initiatives and their local impact. In a video message, the archbishop firmly rejected geothermal projects planned within his pastoral territories, citing widespread community opposition and environmental degradation. His stance is a historic first for an Indonesian Church leader openly challenging mining-related energy developments, signaling growing concerns about how such projects impact the livelihoods of local communities. The Concerns Flores Island, offici...