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Menengai Geothermal Project Delays Expose Kenya’s Broken Steam Supply Model

By Robert Buluma Alphaxioms
Menengai’s Broken Promise: How Kenya’s Geothermal Model Lost the Steam Thematic image of the Olkaria Geothermal Field  Kenya’s Menengai geothermal project was sold as a model of modern public-private partnership. The state would carry the difficult and expensive burden of geothermal exploration and drilling. Private power producers would then build, own and operate power plants. Geothermal Development Company would supply the steam; the independent power producers would convert it into electricity; Kenya Power would buy the output. On paper, the arrangement was elegant. In practice, Menengai has exposed a far more uncomfortable reality: Kenya’s public steam-supply model is not delivering the certainty it promised. Menengai Phase I was designed to produce 105 megawatts from three 35 MW plants. GDC’s own project page says the three plants were awarded to Globeleq Menengai Geothermal, Sosian Menengai Geothermal Power and OrPower Twenty Two under a build-own-operate structure. Yet the ...
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PGEO Pioneers Indonesia's Geothermal-Powered Green Data Centers Revolution

By Robert Buluma Alphaxioms
PGEO’s Big Leap: Powering Indonesia’s Green Data Centers with Geothermal Energy By: Robert Buluma Indonesia’s digital economy is expanding at breakneck speed. With more than 212 million internet users, rapid cloud adoption, AI deployment, fintech growth, and government-led digitalization, the country is witnessing an unprecedented surge in demand for data centers. But behind the glowing screens and humming servers lies a critical question: how will Indonesia power this digital future sustainably? PT Pertamina Geothermal Energy Tbk (PGEO ) believes it has the answer,green data centers powered by geothermal energy. In a landmark move that could redefine the intersection between energy and digital infrastructure in Southeast Asia, PGEO has unveiled plans to expand its business into geothermal-powered green data centers, a first-of-its-kind initiative in Indonesia. This strategy places geothermal energy not just as a baseload power source, but as a cornerstone of the country’s low-carbon d...
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Kaishan Targets 2 GW Kenya Geothermal Development Across Five Fields

By Robert Buluma Alphaxioms
Kaishan Targets 2 GW of Geothermal Development Across Kenya Kenya's geothermal sector has opened a potentially significant new chapter after Kaishan Group and the Geothermal Development Company (GDC) signed a collaboration framework agreement covering five geothermal blocks in the East African Rift Valley. Signed in Nairobi on September 14, 2026 , the agreement establishes a framework for the two parties to explore potential joint development of Silali, Paka, Korosi, Baringo and Suswa . According to Kaishan, the five areas have potential to support approximately 2 GW of installed geothermal capacity . The headline figure is substantial, but it is important to distinguish between resource potential and committed generation capacity . The framework agreement is non-binding. The parties will first conduct due diligence, assess the resources and negotiate development plans before potentially signing separate binding agreements for individual geothermal blocks. The development coul...
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Next-Gen Geothermal Funding 2026: VCs, Banks, Government Capital

By Robert Buluma Alphaxioms
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...
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Billionaire Families Bet on Advanced Geothermal Energy Investments

By Robert Buluma Alphaxioms
Billionaire Geothermal Families Bet on Geothermal Billionaire families and private investment offices are placing increasingly large bets on geothermal energy, especially on technologies designed to make the resource available in more locations. Their investments are helping finance enhanced geothermal systems, advanced drilling, closed-loop designs, and other approaches that could transform geothermal from a regionally concentrated power source into a globally scalable clean-energy industry. The investment surge reflects a broader change in the energy market. Electricity demand is rising because of artificial intelligence, data centers, industrial electrification, electric vehicles, and the expansion of digital infrastructure. At the same time, utilities and large corporations need power that is reliable around the clock. Solar and wind remain essential to the clean-energy transition, but their output varies with weather and time of day. Geothermal could complement these technologies ...
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Arverne secures Limagne geothermal lithium permit to boost supply

By Robert Buluma Alphaxioms
Arverne expands geothermal asset portfolio with new lithium exploration permit in Auvergne Arverne secures 442.7 km² PER “Bassin de Limagne” near Clermont-Ferrand French geothermal developer Arverne (Euronext: ARVEN) has been granted an exclusive research permit (Permis Exclusif de Recherches, PER) for lithium and related substances covering the “Bassin de Limagne” in Puy‑de‑Dôme, Auvergne. The five‑year permit, announced 3 September 2026, spans 442.68 km² and adds to Arverne’s growing national portfolio of PERs: the company now holds nine permits in France, three of which are focused on lithium. The award underscores Arverne’s strategy to combine geothermal heat production with geothermal lithium extraction — an integrated model the company is already deploying elsewhere in France. For the Auvergne permit, Arverne emphasizes that the Bassin de Limagne area overlaps with its existing PER for the Riom‑Clermont‑Métropole, where 3D exploration studies have previously evaluated the subsurf...
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France Geothermal Energy 2026: Heating, Power, Policy, Investment Growth

By Robert Buluma Alphaxioms
France's geothermal sector is at a crossroads. The country is Europe's undisputed leader in deep geothermal district heating, with the Paris Basin hosting the world's largest concentration of deep geothermal systems.  Yet geothermal still supplies only 1% of France's final heat consumption, and the Court of Auditors has warned that current ambitions are "unrealistic" without structural reform. ⚡ Deep Geothermal (Power Generation): Marginal Output, Major Potential Untapped France's geothermal power generation remains almost negligible. As of 2026, only two plants produce electricity: the Bouillante plant in Guadeloupe (15.5 MW) and the Soultz-sous-Forêt EGS pilot in Alsace (1.7 MW).  Total geothermal electricity production capacity was approximately 17.17 MW in 2023, forecast to reach just 19.47 MW by 2028. The Bouillante plant is set to double its production with a third unit scheduled for commissioning by the end of 2026, making it an exemplary model for ...
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Jicarilla Apache Geothermal Study Wins $2.5 Million Grant

By Robert Buluma Alphaxioms
Jicarilla Apache Nation Launches $2.5 Million Geothermal Feasibility Study The Jicarilla Apache Nation in northern New Mexico has launched a major investigation into its geothermal energy potential after receiving a $2.5 million grant from the State of New Mexico. The funding will support a detailed feasibility study examining whether underground heat resources on tribal lands could be developed for electricity generation, direct heating, or other energy applications. The initiative represents an important step in the Nation’s efforts to understand and diversify its energy resources. Although the Jicarilla Apache Nation has not yet committed to building a geothermal facility, the study could provide the geological, technical, and economic information required for future investment decisions. The project is particularly significant because the Nation already has extensive experience with subsurface exploration through its oil and gas activities. Existing geological records, drilling inf...
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Global Geothermal Investment 2026: 15 High-Growth Markets

By Robert Buluma Alphaxioms
Global Geothermal Investment 2026: 15 Markets Where Developers Should Look Next Geothermal energy is entering its most investable decade yet, with developers, drilling contractors, turbine suppliers and private capital providers scanning a widening map of opportunities beyond the traditional “big five” producers.  This article profiles 15 markets where project pipelines, policy signals, resource quality and technology readiness converge to create compelling entry points in 2026 and beyond.  Why 2026 Is a Turning Point for Geothermal Capital Global geothermal investment is accelerating as governments seek firm, low‑carbon baseload to back up variable wind and solar, while advanced drilling and subsurface engineering lower costs and expand the resource base. Market analysts project the geothermal energy market to reach roughly USD 13.56 billion by 2030, up from about USD 9.81 billion in 2025, implying sustained double‑digit growth in development spend. Capital is flowing not onl...
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Geothermal Funding, August ,September 2027 With Intelligence into 2028

By Robert Buluma Alphaxioms
Geothermal Funding in August and September 2027: Investment Outlook and Intelligence Into 2028 Geothermal funding in August and September 2027 is likely to focus on projects that can demonstrate commercial resource potential, credible drilling plans, secure offtake, and a clear path to construction. The market will increasingly move beyond broad technology experimentation toward financeable geothermal assets supported by government grants, development-finance institutions, strategic investors, utilities, and corporate power buyers. The most significant investment themes will likely include enhanced geothermal systems , exploration drilling, closed-loop geothermal , data-center power supply, conventional geothermal expansion in East Africa, and blended finance for emerging markets. By 2028, investors are expected to distinguish more sharply between companies with proven technical performance and those still dependent on laboratory results or unconfirmed resource estimates. The 2027 Fun...
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UOS Exploration Drilling Advances Next-Generation Geothermal Development

By Robert Buluma Alphaxioms
Września GT-1: Poland Begins a New Geothermal Drilling Project for Local Heat Poland is moving another step toward expanding geothermal energy as a local heat source, with drilling now underway on the Września GT-1 geothermal exploration well in Greater Poland. The project, being carried out in Września, is designed to determine whether underground thermal water can provide a sufficiently reliable resource for the municipality's heating system. The planned well is expected to reach approximately 1,460 metres , with preliminary estimates indicating thermal water temperatures of around 53–54°C and a potential production rate of at least 250 m³/h . The project is being supported financially by Poland's National Fund for Environmental Protection and Water Management (NFOŚiGW) and forms part of a wider national programme supporting geothermal exploration across Poland. For Września, however, the drilling campaign is about more than simply finding hot water. The results could d...
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Aulnay-sous-Bois Advances Geothermal Heating Project After 2,000m Drilling

By Robert Buluma Alphaxioms
Aulnay-sous-Bois Advances Its Geothermal Heating Project After Completing 2,000-Metre Drilling Aulnay-sous-Bois, in the Seine-Saint-Denis department of France’s Île-de-France region, has reached an important milestone in the development of its local geothermal heating network. After approximately four months of work, drilling for the city’s geothermal project was completed during the summer of 2026. The well reaches nearly 2,000 metres beneath the surface, where the project will access the Dogger aquifer. At this depth, naturally occurring geothermal water reaches temperatures of approximately 70°C. Once the facility becomes operational, the heat extracted from the aquifer is expected to supply most of the energy required by Aulnay-sous-Bois’s district heating network. The project is scheduled to enter service before the end of 2026. According to Groupe Coriance, the geothermal system is expected to cover 93% of the network’s requirements, produce approximately 140 GWh of heat each yea...
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