Eavor Demobilizes Rigs from Geretsried: What It Really Means for Closed-Loop Geothermal For three years, two drilling rigs on a farm estate near Geretsried, a Bavarian town about 40 km south of Munich, stood as the symbol of the world's most ambitious closed-loop geothermal experiment. Now in October 2026, Eavor Technologies, the Calgary-based developer of the Eavor-Loop, has told the town and its heating utility that both rigs would leave the site . The company said keeping idle rigs and specialist services on site was costly, and that releasing them would help put the project in the strongest position to continue with Loop 2 once its commercial structure is reworked . On the surface, this is a logistics decision. Underneath, it is one of the clearest signals yet about where first-of-a-kind geothermal technology stands, and how hard it is to turn a technical proof into a bankable business. This article explains exactly what happened, what the move means and what it does not mean...
Breaking News: Project InnerSpace and XPRIZE Launch Landmark Collaboration to Crack Geothermal’s Surface Systems Bottleneck By Alphaxioms Geothermal News | Posted: March 26, 2026 | Nairobi, Kenya Geothermal energy is having its moment. While the world scrambles for firm, 24/7 clean power to feed AI data centers, electrify industry, and hit net-zero targets, next-generation geothermal stands ready to deliver baseload power anywhere – not just in volcanic hotspots. But there’s a catch. Subsurface drilling breakthroughs are accelerating at breakneck speed, yet the surface plants that turn hot brine into electricity are stuck in the slow lane. Customized designs, 12-18 month lead times, and fragmented supply chains are choking deployment just as demand explodes. Enter a game-changing announcement on March 24, 2026: Project InnerSpace and XPRIZE are teaming up to design a major incentive prize targeting breakthroughs in integrated geothermal surface plant systems, including turbo-m...