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...
GEN Electric Grid Impact Study RFP Signals a Defining Moment for Geothermal Energy Networks in the United States By: Robert Buluma The United States geothermal sector is entering a new phase, one where geothermal systems are no longer being viewed only as sources of heating and cooling, but increasingly as strategic infrastructure capable of strengthening the electric grid itself. In one of the most important emerging developments in utility-scale thermal network deployment, the Home Energy Efficiency Team (HEET), in partnership with Eversource Gas, has officially launched a Request for Proposals (RFP) for a groundbreaking Electric Grid Impact Study focused on Geothermal Energy Networks (GENs), also referred to as Thermal Energy Networks (TENs). Backed by funding from the U.S. Department of Energy under grant “DE-EE0010662.0002 Home Energy Efficiency Team Utility-Managed Geothermal Pilot in Framingham, Massachusetts,” the initiative represents far more than a local energy pilot. It is...