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...
Bringing Sustainable Energy to Kenya: Globeleq's 35 MW Geothermal Power Project in Menengai In a significant stride towards sustainable energy development in Kenya, Globeleq, a leading independent power producer, is set to embark on a groundbreaking 35 MW geothermal power project in Menengai. With the project slated to commence construction next week, the collaboration between Globeleq and its partners marks a pivotal moment in Kenya's renewable energy journey. Mobilization of Construction Teams and Commencement of Civil Works Globeleq has joined forces with prominent EPC contractors, Toyota Tsusho Corporation and CFAO Kenya Limited, to kickstart the mobilization of construction teams. The commencement of civil works signals the beginning of a transformative phase for the Menengai region and the broader Kenyan energy landscape. Timeline and Project Scope The construction phase is estimated to span 23 months, with full operation expected to commence around the quarter of 2025. ...