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...
Vienna's Leap Into Carbon-Neutral Energy: Inside the City's First Deep Geothermal Plant By: Robert Buluma Image of the city of Aspen in a blink mid_winter Vienna, a city famed for its historical landmarks and cultural elegance, is making headlines for something entirely different — the groundbreaking development of its first deep geothermal energy plant. Nestled in Aspern, within the city’s 22nd district, this ambitious project by OMV AG and Wien Energie GmbH is set to revolutionize how Vienna powers its homes, all while paving the way to a sustainable, carbon-neutral future. The Heart of the Project: Drilling Deep for a Better Tomorrow This isn’t just another energy project; it’s a bold leap into the future. Drilling into the depths of the Aderklaaer Konglomerat, a natural hot water reservoir sitting 3,000 meters below Vienna’s surface, this initiative taps into geothermal energy — an inexhaustible, renewable source of heat. By 2028, this...