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...
A Major Leap for Clean Energy and the Digital Economy By: Robert Buluma In a bold and inspiring move, Google has partnered with Baseload Capital Sweden AB , a renowned global geothermal energy developer, to reshape the future of sustainable energy in Asia. This historic agreement, announced on April 15, 2025 , marks the first-ever corporate power purchase agreement (CPPA) for geothermal energy in Taiwan a monumental step toward 24/7 carbon-free energy for the tech industry. As digital infrastructure expands rapidly across the globe, fueled by artificial intelligence and hyperscale data centers, the demand for reliable and clean energy has never been more urgent. This partnership not only fulfills that demand but sets a compelling precedent for how tech giants can lead the transition toward sustainable innovation. Why This Deal Matters: Clean, Firm Power for a Greener Future At its core, this partnership between Baseload Capital and Google isn't just about energy it's about e...