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...
The Heat Beneath Our Feet: How Canada’s First National Geothermal Roadmap Could Redefine Clean Energy
The Heat Beneath Our Feet: Canada Invests in First National Geothermal Energy Roadmap By: Robert Buluma Image: The Eavor Wonder, something amazing đź‘Ź Calgary, Alberta – June 11, 2026 – In a move that signals a significant shift toward diversifying its clean energy portfolio, the Government of Canada has officially invested in its first national roadmap for deep geothermal energy. The announcement, made today by the Honourable Tim Hodgson, Minister of Energy and Natural Resources , marks a pivotal moment for a country better known for its oil sands and hydroelectric dams than for harnessing the heat of the Earth’s crust. With a conditional investment of $468,000 through Natural Resources Canada’s Energy Innovation Program , the government is backing the Canadian Deep Geothermal Roadmap project. Led by the Canadian Deep Geothermal Coalition and supported by the Cascade Institute as the secretariat, this initiative aims to create a cohesive, evidence-based strate...