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...
Unveiling the Future: Quaise Energy's Quest for Terawatt-Scale Geothermal Energy By: Robert Buluma Image: Recent Core drilling set for ground works at Quaise In a world teetering on the brink of an energy revolution, one company is harnessing the power of the Earth itself to drive us towards a cleaner, brighter future. Quaise Energy, the brainchild of visionary minds and cutting-edge technology, has just secured a staggering $21 million in funding to propel its mission forward. But what exactly is Quaise Energy, and why should we all be paying attention? At its core, Quaise Energy is more than just a company; it's a beacon of hope in a landscape dominated by fossil fuels and climate concerns. By tapping into the virtually limitless potential of deep geothermal energy, Quaise is poised to revolutionize the way we power our world. But what sets deep geothermal energy apart from other renewable sources, you may ask? Well, for starters, deep geothermal power plants have the capa...