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...
Geretsried Sets the Stage for Climate Neutrality with Innovative Geothermal Energy Project By: Robert Buluma Nestled in the heart of Bavaria, the picturesque town of Geretsried is poised to become a beacon of sustainable living and environmental stewardship with its latest groundbreaking initiative – a pioneering geothermal energy project. In a triumphant collaboration between the local government, the Geretsried Municipal Utilities, and Eavor Erdwärme Geretsried GmbH, the town has embarked on a journey towards a greener, more resilient future. The recent signing of a heat supply contract marks a significant milestone in Geretsried's quest for renewable energy dominance. With the agreement in place, Isar Loisach Naturwärme GmbH, a subsidiary of the Geretsried Municipal Utilities, will receive up to 81,200 MWh/year of clean, CO2-free heat from Eavor Erdwärme Geretsried GmbH. This partnership heralds a new era of sustainable energy production, positioning Geretsried as a trailblazer ...