Eavor Demobilizes Rigs from Geretsried: What It Really Means for Closed-Loop Geothermal For three years, two drilling rigs on a farm estate near Geretsried, a Bavarian town about 40 km south of Munich, stood as the symbol of the world's most ambitious closed-loop geothermal experiment. Now in October 2026, Eavor Technologies, the Calgary-based developer of the Eavor-Loop, has told the town and its heating utility that both rigs would leave the site . The company said keeping idle rigs and specialist services on site was costly, and that releasing them would help put the project in the strongest position to continue with Loop 2 once its commercial structure is reworked . On the surface, this is a logistics decision. Underneath, it is one of the clearest signals yet about where first-of-a-kind geothermal technology stands, and how hard it is to turn a technical proof into a bankable business. This article explains exactly what happened, what the move means and what it does not mean...
đ Global Geothermal Policy Takes Center Stage: IGA and Giving Green Forge a New Path for Clean, Firm Energy By: Robert Buluma In a powerful step toward transforming the future of clean energy, the International Geothermal Association (IGA) has partnered with Giving Green to accelerate global geothermal policy and regulation. This collaboration marks a turning point for the geothermal sector — one that could redefine how nations approach firm, renewable power in the era of climate urgency. Policy Reform Meets Energy Innovation Backed by Giving Green’s strategic grant, the IGA will host two high-impact Policy & Regulation Fora in Europe — specialized “acceleration labs” that bring together governments, regulators, and industry players to tackle the barriers throttling geothermal progress. From lengthy permitting delays to inconsistent policy frameworks, these challenges have slowed one of the most reliable forms of renewable energy. The fora will focus on creating...