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...
Iran’s First Geothermal Power Plant Connects to the National Grid, Marking a New Era in Clean Energy
Iran’s First Geothermal Power Plant Connected to the Grid: What Meshgin-Shahr Means for the Country’s Energy Future Image: A thematic image of a geothermal power plant Iran has taken a notable step in clean power with the Meshgin-Shahr geothermal plant in Ardabil province, which has now been connected to the national electricity grid and begun generating electricity. The first phase is 5 MW, supported by a reported investment of 10 million euros, while the broader geothermal reservoir is described as having a potential production capacity of about 250 MW. A Landmark for Iranian Geothermal The significance of this project goes beyond the first megawatts delivered to the grid. It marks Iran’s formal entry into commercial geothermal power generation at a time when many countries are looking for firm, low-carbon electricity that does not depend on weather conditions. According to the report, the plant is being developed by the Thermal Power Generation Holding Company and is loca...