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...
Exergy ORC Delivers Two Geothermal Power Plants in Turkey in Record Time: 46 MW Added in Under 13 Months By: Robert Buluma On November 30, 2025, Exergy International proudly announced the successful commissioning of two new geothermal power plants in Aydın, Turkey: Maren Nezihe Beren 2 (13 MWe) and Emir (33 MWe), totaling 46 MW of new clean electricity capacity. What makes this milestone truly remarkable is the execution speed , both plants were delivered in less than 13 months from contract signing to full commercial operation, setting a new benchmark in the geothermal ORC (Organic Rankine Cycle) industry. Why This Achievement Matters in 2025 In an era where renewable energy projects often face delays of 24–36 months (or longer), completing two binary-cycle geothermal plants totaling 46 MW in under 13 months is nothing short of extraordinary. Turkey already ranks 4th globally in installed geothermal capacity (~1.7 GW as of 2024), and these new plants reinforce the country’s lead...