Ethiopia Renegotiates Key Deals to Restart Multimillion‑Dollar Geothermal Projects: Tulu Moye and Corbetti Move Toward Restart After years of security disruptions, financing shortfalls and contract disputes, two of Ethiopia’s highest‑profile geothermal concessions , the Tulu Moye (Meridiam/Reykjavik Geothermal) and Corbetti projects , are actively renegotiating with senior government authorities to resume development. The talks mark a practical pivot from litigation and prolonged suspension toward restarting drilling and project implementation, with implications for Ethiopia’s energy mix, investor confidence and the regional geothermal supply chain. Why these renegotiations matter For an emerging geothermal market like Ethiopia, the fate of Tulu Moye and Corbetti matters on three fronts: capacity and grid impact, investor signaling, and the country’s ability to mobilize large, foreign‑led project finance. Each project alone represents several hundred megawatts of potential dispatchable...
The U.S. Department of Energy just dropped a massive boost for geothermal energy—and it's game-changing for the future of clean, reliable power! By: Robert Buluma DOE Unleashes $171.5 Million to Supercharge Next-Generation Geothermal in the U.S. On February 25, 2026, the Department of Energy (DOE) announced a funding opportunity worth up to $171.5 million through its Office of Geothermal. This isn't small change—it's aimed at accelerating next-generation geothermal technologies that could unlock massive potential for affordable, 24/7 baseload energy across America. Why does this matter? The U.S. already leads globally with about 4 gigawatts of installed geothermal capacity, but DOE studies show we could realistically scale to at least 300 gigawatts by 2050. That's enough to power millions of homes and businesses with clean, domestic energy that doesn't rely on weather or time of day. This funding directly supports President Trump's Executive Order on Unleashing...