Geothermal Exploration in Taranaki and Waikato: Unlocking New Energy Opportunities in New Zealand New Zealand is expanding its geothermal ambitions beyond the country’s established development zones. Two Māori-led exploration projects in Taranaki and South Waikato have received a combined NZ$5.95 million in government grants to investigate previously underexplored geothermal resources and assess their potential to support regional growth, energy resilience, employment, and decarbonisation. The initiatives reflect a broader shift in geothermal development. While New Zealand’s geothermal industry has traditionally focused on high-temperature resources suitable for electricity generation, the new projects will also examine lower-temperature heat that could serve industrial, agricultural, commercial, and community applications. Government Funding for Two Exploration Projects The New Zealand Government has allocated NZ$3 million from the Regional Infrastructure Fund to the Taranaki Ge...
Graz Revives Ambitious Geothermal Heating Project as OMV Eyes Exploratory Drilling in 2026 By: Robert Buluma The Austrian city of Graz is once again positioning itself at the forefront of Europe’s geothermal transition after new agreements were successfully renegotiated between the City of Graz, OMV , and Energie Steiermark for a large-scale geothermal heating project that had unexpectedly stalled in late 2025. The revived initiative, centered on supplying renewable heat to Graz’s district heating network, now appears back on track with exploratory drilling potentially beginning before the end of 2026. The development marks a critical moment not only for Austria’s geothermal ambitions but also for Europe’s broader struggle to reduce dependence on fossil fuels amid volatile energy markets, geopolitical instability, and rising heating costs. If successful, the Graz geothermal project could become one of the continent’s most important urban geothermal heating systems, demonstrati...