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...
Kenya's Bold Bid: A Game-Changer for Global Geothermal Leadership By: Robert Buluma Image credit from Alphaxioms previous articles In a thrilling announcement that has reverberated across the energy sector, Kenya has officially launched its bid to host the World Geothermal Congress (WGC) in 2029. This prestigious global forum, held every three years, aims to scale up the deployment of geothermal energy worldwide. The bid underscores Kenya's commitment to renewable energy and cements its leadership in the sector. Energy Principal Secretary Alex Wachira made the announcement during the 2024 Kenya Geothermal Congress in Nairobi, a gathering that has drawn industry leaders, academics, financiers, government officials, NGOs, and community representatives. Wachira emphasized that hosting WGC 2029 will not only position Kenya as a continental leader but also as a formidable player on the global stage. "Hosting the WGC 2029 will give us a competitive edge, bolstering our position...