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...
Chevron CEO Sees Growing Potential in Biofuels and Geothermal Energy Posted by Robert Buluma | December 11, 2025 The energy world is changing fast, and Chevron, one of the oldest and largest oil companies on the planet, is not sitting on the sidelines. In a recent wide-ranging interview with The Wall Street Journal, Chevron CEO Mike Wirth made it clear: the company sees major, long-term growth in two areas that have nothing to do with crude oil,biofuels and geothermal energy. For a company built on drilling for hydrocarbons, this pivot toward heat from the Earth’s core and fuels grown from plants is nothing short of remarkable. From Black Gold to Green Heat: Why Chevron Is Betting Big on Geothermal Geothermal energy has long been the quiet, reliable cousin in the renewable family,always there, rarely flashy, but suddenly very attractive. Unlike solar panels that go dark at night or wind turbines that stop when the air is still, geothermal plants deliver steady, 24/7 baseload p...