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...
Tanzania’s Ngozi Geothermal Project Opens Major International Tender for Drilling Rig, Cementing and Mud Engineering Services By: Robert Buluma Tanzania’s geothermal ambitions are entering a decisive new phase after the Tanzania Geothermal Development Company (TGDC) officially invited international and local firms to participate in a major tender linked to the Ngozi Geothermal Project in the Mbeya Region. The announcement, published through TGDC’s official channels, signals a significant acceleration in Tanzania’s quest to unlock its enormous geothermal potential and diversify its national energy mix. The tender, identified as Tender No. 70/2025/2026/NC/72 , seeks service providers for the hiring of a drilling rig with accessories, cementing unit and accessories, and mud engineering services for the drilling of three slim wells at the Ngozi geothermal prospect. The project will be procured through an International Competitive Tendering framework, highlighting the scale and strat...