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Next-Gen Geothermal Funding 2026: VCs, Banks, Government Capital

By Robert Buluma Alphaxioms
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...
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Canada and Tanzania Unite to Unlock Geothermal Energy in Meru: A Powerful Step Toward a Greener Future

By Robert Buluma Alphaxioms
In a groundbreaking move set to reshape Tanzania’s energy landscape, Climate Action Africa (CAA) and the Tanzania Geothermal Development Company (TGDC) have officially launched a game-changing initiative: Undertaking Detailed Surface Study for Meru Geothermal Prospect .  Robert Buluma This dynamic collaboration marks the first Climate Action Africa partnership of its kind in Tanzania and holds the promise of transforming the nation’s energy future through geothermal power. A Vision Born at the Foot of Mount Meru The Meru Geothermal Prospect, nestled beneath the majestic Mount Meru in Northern Tanzania, is no ordinary site. It is a sleeping giant—an untapped source of clean, renewable, low-emission energy that could power thousands of homes and industries. With the support of the Government of Canada and technical partners like TownRock Energy (UK), Oxfam Consults, and Aquarius Resources, this venture is more than a project—it’s a leap forward in climate resilience and energy inde...
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RFP: Surface Studies Meru Geothermal Field ~Northern Tanzania

By Robert Buluma Alphaxioms
Request for Proposal: Surface Geothermal Studies for Meru Geothermal Field in Northern Tanzania By: Robert Buluma Image: Tanzanian Elephants cruising through North Tanzania insearch of water and much greener savanna The renewable energy sector in East Africa is experiencing rapid growth, with geothermal energy emerging as a cornerstone of sustainable development. Among the region’s most promising geothermal sites is the Meru Geothermal Field in Northern Tanzania. To unlock this resource's potential, a Request for Proposal (RFP) has been issued for surface geothermal studies, inviting experienced firms and consultants to participate. Just a few hours we were hot with news for Songwe Geothermal call for investors  , getting into this current status at Meru its obvious Tanzania is not mincing when it comes to tapping the heat beneath our feet. Objectives of the RFP The key objective of the RFP is to conduct detailed surface geothermal studies to evaluate the resource potential of the ...
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White Bark's Quensland Portfolio To Utilize Geothermal Using Green Hydrogen

By Robert Buluma Alphaxioms
White Bark 's Ambitious Geothermal Vision: Pioneering Australia's Future in Clean Energy By:  Robert Buluma In the vast and resource-rich lands of Queensland's Cooper Basin ,  White Bark Energy is spearheading a transformation that could redefine Australia’s energy landscape. With its recent acquisition of an additional 1,250 sub-blocks for geothermal exploration, the company is not just expanding its footprint but solidifying its role as a leader in the nation's clean energy future. White Bark Energy  latest exploration permit, a sprawling 3,873 square kilometers of geothermal potential, represents more than just new territory. It’s a strategic move in a well-calculated plan to harness the untapped geothermal power beneath Queensland's surface. This new permit complements  White Bark's two existing licenses, creating a robust geothermal network that aligns with the Australian Government’s aggressive push towards renewable energy. The government’s $11.2 billio...
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Eavor, Government Of Alberta Seeks Input On Alberta Drilling Accelarator

By Robert Buluma Alphaxioms
Shaping the Future of Geothermal Energy: Join the Alberta Drilling Accelerator Initiative By: Robert Buluma Imagine a world where the untapped potential of geothermal energy is fully harnessed, propelling us into a future where clean, sustainable power is the norm. This vision is becoming a reality thanks to a groundbreaking initiative led by Eavor Technologies, in partnership with the Government of Alberta, the Canadian Geothermal Energy Association (CanGEA), and the Canadian Association of Energy Contractors (CADEC). They are seeking your invaluable input on the creation of the Alberta Drilling Accelerator (ADA), a pioneering project poised to revolutionize geothermal drilling technology. The First of Its Kind: A Geothermal Drilling Technology Incubator The Alberta Drilling Accelerator is Canada's first geothermal drilling technology incubator, designed as an open-access platform where the global geothermal community can come together to innovate, test, and commercialize new dril...
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Eavor Is Hiring For a Geologist , Geomechanics,Geoscientist And More

By Robert Buluma Alphaxioms
Eavor is Hiring: Exciting Opportunities in Geology and Geomechanics Engineering By: Teflon Don Eavor is pronounced 'Ever' , Beutiful and Gorgeous Eavor, a leader in cutting-edge geothermal energy solutions, is currently hiring for a variety of crucial positions, including a Geology and Geomechanics Engineer in Alberta, Calgary. This is an exceptional opportunity for professionals in the field to join a pioneering company at the forefront of sustainable energy innovation.  Alphaxioms is a Total Energies Nominee In The Startupper Challenge and Your Vote Is (MAD) Making A Difference Join the Pioneers of Geothermal Energy Eavor stands out in the renewable energy landscape with its unique approach to geothermal technology. By harnessing the earth's natural heat, Eavor is creating a sustainable and reliable source of energy that could revolutionize how we power our world. Their closed-loop geothermal system, known as Eavor-Loop™, is a groundbreaking technology that eliminates man...
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Eavor Technologies Secures Major Investment From Kajima For Geothermal Advancement

By Robert Buluma Alphaxioms
Eavor Technologies Secures Major Investment from Kajima for Geothermal Advancement By : Robert Buluma In a world grappling with the urgent need for sustainable energy solutions, Eavor Technologies Inc. emerges as a beacon of hope with its innovative geothermal technology, Eavor-Loop™. The recent Series B investment infusion from Kajima Corporation, one of Japan's construction giants, marks a significant milestone in the journey towards a greener and more sustainable future. A Partnership Rooted in Sustainability Eavor's pioneering approach to geothermal energy harnesses the Earth's natural geothermal gradient through its Eavor-Loop™ system, offering a clean, reliable, and affordable energy alternative. This aligns perfectly with Kajima Corporation's Environmental Vision of Triple Zero 2050, focusing on carbon neutrality, circular economy, and nature-positive practices. The partnership signifies not just a financial collaboration but a shared commitment to environmental ...
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Subterra and Enercare Home Heating and Cooling Solutions

By Robert Buluma Alphaxioms
  Revolutionizing Home Heating and Cooling: Subterra and Enercare's Geothermal Solutions By : Robert Buluma In a world where environmental sustainability is becoming increasingly crucial, innovative solutions are emerging to tackle the challenges of climate change. One such solution is the collaboration between Subterra Renewables and Enercare to launch fully integrated geothermal heating and cooling solutions for residential homes in Canada. Addressing the Climate Crisis, One Home at a Time Homes and buildings are significant contributors to greenhouse gas emissions, particularly in urban areas like Toronto, where they account for up to 60% of emissions. Recognizing this challenge, Subterra and Enercare have joined forces to accelerate building electrification with renewable energy sources such as geothermal. A Pioneering Alliance for Sustainable Living The partnership between Subterra and Enercare brings together expertise in geothermal drilling, exchange system installation, and...
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Terrascale and Terrapin Join Forces in Geothermal Development

By Robert Buluma Alphaxioms
 **Title: Climate Transition Development: Driving Geothermal Innovation and Sustainability** In a significant move towards advancing geothermal capabilities and promoting sustainable energy solutions, Terrapin Geothermics and TerraScale have joined forces to establish Climate Transition Development Corporation. This merger marks a pivotal moment in the renewable energy sector, with a primary focus on accelerating geothermal projects in key regions such as Canada, Japan, and Switzerland. Terrapin Geothermics, renowned for its expertise in generating clean electricity and heat from industrial waste heat and deep geothermal resources, joins hands with TerraScale, an award-winning green infrastructure development and advisory firm based in California. Together, they form Climate Transition Development, a US-based entity committed to driving global change through sustainable infrastructure and renewable energy initiatives. Under the terms of the agreement, Climate Transition Development...
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Arverne secures Limagne geothermal lithium permit to boost supply

By Robert Buluma Alphaxioms
Arverne expands geothermal asset portfolio with new lithium exploration permit in Auvergne Arverne secures 442.7 km² PER “Bassin de Limagne” near Clermont-Ferrand French geothermal developer Arverne (Euronext: ARVEN) has been granted an exclusive research permit (Permis Exclusif de Recherches, PER) for lithium and related substances covering the “Bassin de Limagne” in Puy‑de‑Dôme, Auvergne. The five‑year permit, announced 3 September 2026, spans 442.68 km² and adds to Arverne’s growing national portfolio of PERs: the company now holds nine permits in France, three of which are focused on lithium. The award underscores Arverne’s strategy to combine geothermal heat production with geothermal lithium extraction — an integrated model the company is already deploying elsewhere in France. For the Auvergne permit, Arverne emphasizes that the Bassin de Limagne area overlaps with its existing PER for the Riom‑Clermont‑Métropole, where 3D exploration studies have previously evaluated the subsurf...
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Next-Gen Geothermal Funding 2026: VCs, Banks, Government Capital

By Robert Buluma Alphaxioms
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...
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Billionaire Families Bet on Advanced Geothermal Energy Investments

By Robert Buluma Alphaxioms
Billionaire Geothermal Families Bet on Geothermal Billionaire families and private investment offices are placing increasingly large bets on geothermal energy, especially on technologies designed to make the resource available in more locations. Their investments are helping finance enhanced geothermal systems, advanced drilling, closed-loop designs, and other approaches that could transform geothermal from a regionally concentrated power source into a globally scalable clean-energy industry. The investment surge reflects a broader change in the energy market. Electricity demand is rising because of artificial intelligence, data centers, industrial electrification, electric vehicles, and the expansion of digital infrastructure. At the same time, utilities and large corporations need power that is reliable around the clock. Solar and wind remain essential to the clean-energy transition, but their output varies with weather and time of day. Geothermal could complement these technologies ...
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"US Geothermal Tax Credits 2026: What the IRA/45Q Changes Mean for Developers"

By Robert Buluma Alphaxioms
US Geothermal Tax Credits in 2026: What Is Actually Still Alive After OBBBA For an industry that spent more than a decade building financial models around a stable federal incentive structure, 2026 has been a year of whiplash. The 30% federal geothermal tax credit that developers and homeowners built forecasts around is gone in one form and still alive in another, and even the IRS’s own public guidance has been confusing enough to trigger uncertainty across the market. That confusion is not a minor clerical issue. It is shaping investment decisions, contractor sales pitches, homeowner timelines, and project finance assumptions right now. If you work in geothermal, the key question is no longer whether federal incentives exist, but which incentive applies, to which project type, and under what ownership structure. The law that changed the timeline To understand where things stand in 2026, you have to start with the Inflation Reduction Act of 2022, which created a long runway for clean e...
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Saudi Arabia AI Data Centers Adopt Strataphy PrimeLoop Cooling Technology

By Robert Buluma Alphaxioms
Strataphy Partners With HUMAIN to Deploy PrimeLoop Cooling Across Saudi Arabia’s AI Data Centers Saudi Arabia is moving rapidly to establish itself as a global artificial intelligence and data-center powerhouse, and one of the most important challenges facing that ambition is not simply how much computing capacity can be installed, but how efficiently that computing capacity can be cooled. At LEAP 2026, Strataphy announced a partnership with HUMAIN to deploy its PrimeLoop® cooling technology across HUMAIN’s data-center infrastructure in the Kingdom of Saudi Arabia. According to the announcement, the engagement represents the first deployment of its kind for PrimeLoop® in Saudi Arabia and is designed to address one of the fundamental constraints of large-scale AI infrastructure: thermal management. The partnership comes as HUMAIN works toward a target of approximately 6 GW of AI compute. At that scale, cooling becomes a strategic infrastructure issue rather than a conventional dat...
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Cornish Lithium Awards Halliburton Contract for Geothermal Lithium Project Development

By Robert Buluma Alphaxioms
Cornish Lithium awards contract for Cross Lanes Geothermal Lithium Project to Halliburton‌‍‍‍‌‍‌‍‌‍‍‌‌‍‌‌‍‍‌‌‍‍‍‍‍‍‍‍‌‌‍‌‌‍‍‌‍‍‌‌‌‌‍‌‍‍‌‍‍‌‌‍‍‍‍‍‍‌‍‍‌‍‌‍‌‌‌‍‌‍‍‍‍‍‍‍‌‍‍‌‌‌‌‌‌‍‍‍‍‌‍‌‍‌‍‌‍‍‌‍‍‌‌‌‍‍‍‌‌‍‌‍‍‌‌‌‌‍‍‌‍‍‌‌‌‌‌‍‌‍‍‌‌‍‌‌‍‍‌‍‍‌‌‌‌‍‌‍‍‌‌‌‌‌‌‌‍‌‌‍‍‌‌‍‍‌‍‍‌‌‍‍‌‌‌‍‌‌‌‍‍‌‌‍‌‍‌‌‌‍‌‌‍‍‌‌‌‍‌‍‌‌‍‌‍‌‌‍‌‌‌‌‌‍‌‍‌‌‌‌‍‌‌‌‍‍‌‌‌‍‌‌‌‌‍‍‌‌‍‌‍‍‍‌‍‍‌‌‍‌‌‌‍‌‌‍‌‌‌‌‍‌‌‌‌‍‌‌‍‌‍‍‌‍‍‌‍‌‍‍‌‌‌‍‌‌‌‌‍‍‌‍‌‍‌‌‌‍‌‌‌‍‌‍‌‌‌‍‌‍‌‍‌‍‌‌‌‍‌‍‍‌‌‌‍‌‌‌‍‌‌‌‌‌‍‌‌‌‍‌‌‍‌‌‌‌‍‍‌‌‌‍‌‌‍‌‌‍‌‌‌‍‌‌‌‌‍‍‌‌‍‌‍‌‌‍‌‌‌‍‍‌‌‌‌‌‍‌‌‌‍‍‌‍‌‌‌‍‌‍‌‌‌‌‍‌‌‌‌‍‌‌‍‍‌‍‌‍‌‌‍‌‍‌‌‍‌‍‌‌‌‍‌‌‍‌‍‌‍‍‍‌‍‌‌‍‍‍‌‌‌‌‌‌‍‍‌‌‌‍‌‌‌‍‌‌‍‌‌‌‌‌‍‌‌‌‍‍‌‍‌‌‌‍‌‍‌‌‌‌‍‌‌‌‌‍‌‌‍‍‌‍‌‍‌‍‌‍‌‍‌‌‌‌‌‍‍‍‌‍‌‍‌‍‍‌‌‍‍‍‌‌‌‌‌‌‍‍‌‍‌‍‍‌‍‍‌‌‍‌‍‌‌‍‌‍‌‌‌‍‍‍‌‌‌‌‌‍‌‌‌‍‍‌‍‌‌‌‍‌‍‌‌‌‌‍‌‌‌‌‍‌‌‍‍‌‌‍‍‍‌‌‍‌‍‌‌‍‌‌‍‌‌‌‍‌‌‍‍‍‌‌‌‌‌‌‍‍‌‌‌‍‌‌‌‍‌‌‌‍‍‌‍‌‌‌‍‌‌‌‌‌‌‌‍‌‍‌‌‍‍‌‌‌‌‌‌‍‌‌‌‌‍‌‌...
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Closed-Loop Geothermal Systems: Companies, Technology, Investment, Power

By Robert Buluma Alphaxioms
Closed-Loop Geothermal Systems: The Companies Building the Next Generation of Underground Energy Image : The Eavor Technologies Geothermal Project  Closed-loop geothermal systems represent one of the most promising frontiers in renewable energy, offering continuous, baseload power without the environmental concerns associated with conventional geothermal development. Unlike traditional open-loop systems that require hydraulic fracturing and consume large volumes of water, closed-loop geothermal circulates a working fluid through sealed underground pipes, extracting heat from hot rock formations while maintaining a self-contained system that eliminates fluid loss, induced seismicity, and reservoir depletion risks.This technology has attracted significant investment and technical innovation from a diverse array of companies spanning startups, established energy firms, and drilling specialists, each pursuing distinct approaches to unlock the vast thermal energy stored beneath the Eart...
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GDC Opens Restricted Tender for Menengai Wellbore Scale Services

By Robert Buluma Alphaxioms
GDC Opens Restricted Tender for Menengai Wellbore Scale Services Kenya’s Geothermal Development Company Limited (GDC) has announced a new restricted tender targeting one of the most technically important challenges in geothermal field operations: scale formation and its removal from geothermal wells and formations . The procurement notice, posted by GDC on 29 September 2026 , seeks qualified firms to provide specialized downhole wellbore and formation-scale removal and scaling mitigation services for geothermal wells and reservoirs at the Menengai Geothermal Field . The planned service period is three years , creating an opportunity for specialized geothermal service companies with experience in downhole intervention, scale management, wellbore remediation and formation-scale mitigation. According to the notice, interested and qualified firms must submit their full company details and contacts together with their Electronic Government Procurement System (eGP) registration number t...
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Unlocking Impermeable Geothermal Reservoirs: Hydraulic Stimulation, Menengai and Olkaria

By Robert Buluma Alphaxioms
Unlocking the Impermeable Reservoir: Lessons from a 30-Year Reservoir Engineer An Alphaxioms interview with Richard Joseph Holt, Principal Consultant in Reservoir Engineering at RESPEC . Context: Menengai East and Olkaria Central. Every geothermal developer knows the moment.  The rig is gone and the money is spent. The well is drilled to depth, the temperature is there, and then the well will not flow. The heat is real, but the connection between the well and the reservoir is not. Wells like this sit at the centre of one of the most important questions in geothermal development: what do you do with a tight reservoir? Walk away and drill again, or find a way to unlock what is already there? To explore the question, Alphaxioms spoke with Richard Joseph Holt, Principal Consultant in Reservoir Engineering at RESPEC . Richard brings 30 years of global experience in geothermal energy.  We framed our questions around two settings, Menengai East and Olkaria Central, and asked him how ...
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Global Geothermal Investment 2026: 15 High-Growth Markets

By Robert Buluma Alphaxioms
Global Geothermal Investment 2026: 15 Markets Where Developers Should Look Next Geothermal energy is entering its most investable decade yet, with developers, drilling contractors, turbine suppliers and private capital providers scanning a widening map of opportunities beyond the traditional “big five” producers.  This article profiles 15 markets where project pipelines, policy signals, resource quality and technology readiness converge to create compelling entry points in 2026 and beyond.  Why 2026 Is a Turning Point for Geothermal Capital Global geothermal investment is accelerating as governments seek firm, low‑carbon baseload to back up variable wind and solar, while advanced drilling and subsurface engineering lower costs and expand the resource base. Market analysts project the geothermal energy market to reach roughly USD 13.56 billion by 2030, up from about USD 9.81 billion in 2025, implying sustained double‑digit growth in development spend. Capital is flowing not onl...
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