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...
Germany Invests €18.8 Million in Geothermal Energy at FH Münster North Rhine-Westphalia is putting geothermal energy at the center of its strategy to build more sustainable, energy-efficient and research-driven infrastructure. The state government has committed €18.8 million to expand geothermal heating and cooling at FH Münster’s Technology Campus Steinfurt, creating a major real-world laboratory for geothermal heat pumps, energy efficiency and climate-neutral campus development. The funding is part of the €60 billion Nordrhein-Westfalen-Plan für gute Infrastruktur , a 12-year infrastructure investment program described by the state as the largest investment program in North Rhine-Westphalia’s history. Of the total program, €2.3 billion is allocated to universities, research, higher education and knowledge transfer. For geothermal energy, the Steinfurt project is particularly significant because it goes beyond simply installing a heating system. The campus is being transformed into a...