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...
A Silent Energy Revolution is Underway Robert Buluma Image: Fumaroles emanating from the ground, a geothermal manifestation, credit: unsplash The global energy landscape is shifting. While solar and wind have dominated discussions on renewable energy, a new powerhouse is emerging geothermal energy . Backed by investments from tech giants, oil majors, and governments, geothermal is quietly positioning itself as the next trillion-dollar industry. With the potential to replace fossil fuels, reshape economies, and revolutionize energy grids , geothermal is no longer a niche sector it’s the future of energy . In this article, we’ll explore why geothermal energy is set to explode, the key players driving this shift, and how it could disrupt traditional energy markets . The Key Players Betting on Geothermal Geothermal energy is no longer just the domain of specialized companies. Big Tech, oil giants, and governments are now pouring billions into the sector, recognizing its potential...