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...
Geothermal Exploration on Hawaiian Home Lands: A Path to Energy Independence and Economic Empowerment By: Robert Buluma In a bold move that could reshape Hawaii's energy landscape and provide long-term benefits for Native Hawaiians, the Department of Hawaiian Home Lands ( DHHL ) announced plans to request $15 million from the state legislature for geothermal exploration. This funding, spread over three years, aims to investigate and identify geothermal resources across DHHL's trust lands statewide. Led by DHHL Chair Kali Watson, the initiative highlights geothermal energy's potential as a revenue generator to lower electricity costs for homesteaders, produce water through desalination processes, and fund essential home construction projects. "It’s actually a tremendous potential revenue source, especially considering the cost of electricity nowadays," Watson emphasized in recent statements. This proposal comes at a pivotal time for Hawaii, where high energy costs ...