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Closed-Loop Geothermal Systems: Companies, Technology, Investment, Power

Closed-Loop Geothermal Systems: The Companies Building the Next Generation of Underground Energy Image : The Eavor Technologies Geothermal Project  Closed-loop geothermal systems represent one of the most promising frontiers in renewable energy, offering continuous, baseload power without the environmental concerns associated with conventional geothermal development. Unlike traditional open-loop systems that require hydraulic fracturing and consume large volumes of water, closed-loop geothermal circulates a working fluid through sealed underground pipes, extracting heat from hot rock formations while maintaining a self-contained system that eliminates fluid loss, induced seismicity, and reservoir depletion risks.This technology has attracted significant investment and technical innovation from a diverse array of companies spanning startups, established energy firms, and drilling specialists, each pursuing distinct approaches to unlock the vast thermal energy stored beneath the Eart...

Geothermal Energy To Decarbonize British Museum

Exploring the Potential of Mine Water: A Sustainable Heating Solution In the heart of Wakefield, nestled within the remnants of the coal mining industry, lies a beacon of innovation – the National Coal Mining Museum. While it serves as a testament to the region's rich mining heritage, it is also paving the way for a sustainable future through an ingenious use of mine water. Recently, the museum has embarked on a groundbreaking project to harness the latent energy stored within flooded mine shafts. Director Shaun McLoughlin, a veteran of the mining industry, envisions a future where this abundant resource can be utilized to heat not only the museum itself but also nearby homes and even HMP New Hall. The concept is simple yet profound: tapping into the geothermal energy naturally present in mine water to provide heat and power. This approach not only offers a renewable alternative to traditional heating methods but also contributes to efforts to reduce carbon emissions. At the heart ...

US DOE to First Track Romanian Geothermal Feasibility Study

Advancing Energy Solutions: ELCEN's Geothermal Agreement in Washington In a significant stride towards sustainable energy solutions, ELCEN, under the leadership of Gen byeral Director Claudiu Crețu, has inked a pivotal agreement in Washington. The deal focuses on conducting a feasibility study for harnessing geothermal energy to power the district heating system in Bucharest. This endeavor, backed by the Department of Energy (DOE), marks a crucial milestone in Romania's energy landscape. The announcement was made by Minister of Energy, Sebastian Burduja, who highlighted the collaborative efforts between Romania and the United States in advancing energy initiatives. With Romania emerging as a respected entity in the global energy arena, partnerships like these underscore its commitment to innovation and progress. The agreement signifies more than just a technical study; it embodies a shared vision for sustainable development and economic prosperity. By exploring geothermal energ...

Geothermal Collegiate Competition under US DOE Announces Winners

 Exploring the Future of Geothermal Energy: The Geothermal Collegiate Competition The Geothermal Collegiate Competition (GCC), an initiative by the U.S. Department of Energy's Geothermal Technologies Office (GTO), has been paving the way for innovative geothermal solutions while fostering the talents of students from collegiate institutions across the nation. This annual competition not only offers cash prizes but also provides invaluable industry experience, networking opportunities, and a chance to contribute to the clean energy transition. Empowering Students for a Sustainable Future The GCC serves as a platform for students from diverse academic backgrounds to engage with real-world challenges in the renewable energy sector. Whether majoring in engineering, economics, environmental science, or any other field, students are encouraged to participate and apply their skills to develop geothermal solutions. This hands-on experience not only enriches their academic journey but also ...

Indonesia Industry Leaders Call For Higher Geothermal Electricity Tariffs

Industry Leaders Advocate for Increased Geothermal Electricity Tariff in Indonesia In Indonesia, the push for renewable energy sources has gained momentum in recent years as the nation grapples with the challenges of climate change and energy security. Geothermal energy, in particular, has emerged as a promising solution due to the country's abundant volcanic activity. However, despite its potential, the geothermal sector faces hurdles, including the need for a more favorable tariff structure to encourage investment and development. Industry leaders are now calling for higher geothermal electricity tariffs to stimulate growth in this crucial sector. Current Scenario: Indonesia is one of the world's most geothermally active regions, with vast potential for geothermal energy production. However, despite this advantage, geothermal power accounts for only a small fraction of the country's total electricity generation. One of the primary reasons for this is the existing tariff s...

Sage Raises $17 Million For Worlds First Geopressurized Geothermal System

 Sage Geosystems Raises $17 Million in Series A, Announces World’s First Commercial Geopressured Geothermal System (GGS) Facility February 15, 2024 09:00 AM Eastern Standard Time Houston, TX—In a groundbreaking move towards sustainable energy solutions, Sage Geosystems proudly announced today the successful closure of its Series A funding, securing an impressive $17 million. This landmark achievement was led by Chesapeake Energy Corporation (NASDAQ: CHK) alongside notable technology investor Arch Meredith, Helium-3 Ventures, and with continued support from existing investors Virya, LLC, Nabors Industries Ltd., and Ignis Energy Inc. The funds from this Series A round will be instrumental in realizing the vision of Sage Geosystems: the creation of the world’s first commercial Geopressured Geothermal System (GGS) facility. Named EarthStore™, this innovative facility will harness the power of pressurized water stored deep underground to generate renewable energy. The 3MW EarthStore™ fa...

Tunisia Sets a Record in Geothermal Tomatoes Export

 Boosting Agriculture: Gabes Sets a Record in Geothermal Crop Export In recent years, Gabes, a governorate in Tunisia, has been making significant strides in agricultural production, particularly in the cultivation of early geothermal crops. The latest data reveals a remarkable increase in the export of these crops, indicating a promising future for the region's agricultural sector. Expanding Export Figures: As of late January 2024, Gabes has exported a staggering 8,251 tonnes of early geothermal crops, surpassing the previous season's export of 6,000 tonnes. This substantial increase underscores the governorate's growing prominence as a hub for agricultural innovation and production. Optimal Conditions for Growth: According to officials from the Regional Authority for Commissariat for Agricultural Development (CRDA), the export of agricultural produce, particularly tomatoes, is thriving under optimum conditions. This success can be attributed to the cultivation practices e...

Ecopetrol Explores Geothermal Energy in Caldas, Colombia

Exploring the Potential of Geothermal Energy in Caldas, Colombia In recent years, the world has been witnessing a shift towards renewable energy sources, and Colombia is no exception. With its rich natural resources and commitment to sustainable development, the country is embarking on an exciting journey to harness geothermal energy, particularly in the region of Caldas. Geothermal energy, derived from the Earth's internal heat, has long been recognized as a clean and reliable source of power. Unlike fossil fuels, geothermal energy produces minimal greenhouse gas emissions and offers a consistent power supply, making it an attractive option for sustainable energy generation. Caldas, situated in the heart of Colombia's coffee region, is poised to become a hub for geothermal energy exploration. Recent advancements in technology and partnerships between government agencies and private companies have paved the way for significant investments in geothermal projects in the region. O...

Launch Of Primeval Energy, A Geothermal Solutions Company

Revolutionizing Energy Transition: Primeval Energy's Geothermal Solutions In the midst of a global  push towards sustainable energy sources, one company stands out as a beacon of innovation and progress: Primeval Energy. Led by a team of seasoned experts including Andy Wood, Lain Pittman, Phillip Boland, Howard Tolman, and Tania Zepeda Luna, Primeval Energy is at the forefront of advancing geothermal solutions to drive the energy transition forward. Unveiling the Power of Geothermal Energy Geothermal energy, often overlooked in favor of more conventional sources, holds immense potential as a clean, renewable, and reliable energy alternative. Primeval Energy recognizes this potential and is dedicated to unlocking the power of geothermal resources in a way that is both efficient and sustainable. A Versatile Team Leading the Charge With decades of combined experience in the energy sector, the team at Primeval Energy brings a wealth of expertise to the table. From geology and engineeri...

Icelands 5th Geothermal Conference Highlights

Unveiling the Future of Sustainable Energy: Highlights to the 5th Iceland Geothermal Conference (IGC2024) to be conducted in May In the heart of Reykjavík, Iceland, the 5th Iceland Geothermal Conference (IGC2024) to be convened, igniting discussions and collaborations aimed at reshaping our energy landscape towards a sustainable future. Hosted by the Iceland Renewable Energy Cluster, this conference will serve as a nexus for industry leaders, innovators, and visionaries to explore the boundless potential of geothermal energy in addressing global challenges such as climate change, energy security, and economic prosperity. Climate Resilience: One of the key themes to be echoed throughout the conference is the pivotal role of geothermal energy in enhancing climate resilience. Delegates will delve into how geothermal resources offer a renewable alternative to fossil fuels, significantly reducing greenhouse gas emissions and ensuring a stable energy supply. By harnessing the earth's nat...

Veituru Explores Geothermal Energy Potential In Alfatanese

Exploring Geothermal Energy Potential in Álftanes: A Step Towards Sustainable Heating Veitur, the leading provider of heating services in the capital region, is embarking on a new venture to explore geothermal energy potential in Álftanes. With the increasing demand for hot water in Reykjavík and its surrounding areas due to population growth and urban development, Veitur is proactively seeking additional geothermal resources to enhance the capacity and reliability of its heating system. The decision to investigate Álftanes stems from indications of untapped geothermal resources suitable for residential heating. Veitur aims to conduct drilling operations in nine exploration wells in the area, with each borehole reaching depths of 60 to 100 meters. These wells will be drilled over a span of one to three days each, utilizing lightweight drilling rigs to minimize disruption and ensure safety. The ongoing efforts to diversify geothermal resources align with Veitur's commitment to susta...

US DOE Invests $60 M Fervo, Chevron New Energies and Mazama Energy Geothermal Projects

Biden Administration Invests $60M in Geothermal Energy Projects In a significant move towards combating climate change and promoting renewable energy, the Biden administration has allocated $60 million towards three geothermal energy pilot projects. Geothermal energy harnesses the heat from the Earth's core, providing a carbon-free source of power that doesn't emit greenhouse gases. This investment aims to demonstrate the viability of utilizing geothermal energy on a larger scale, paving the way for cleaner and more sustainable energy solutions. Details of the Projects: The three projects selected to receive federal funding are diverse in location and scope. The Chevron New Energies project in California, the Fervo Energy project in Utah, and the Mazama Energy project in Oregon will each play a crucial role in showcasing the effectiveness of geothermal energy from man-made reservoirs. These initiatives are not only aimed at generating electricity but also at providing heat for ...

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GDC Opens Restricted Tender for Menengai Wellbore Scale Services

GDC Opens Restricted Tender for Menengai Wellbore Scale Services Kenya’s Geothermal Development Company Limited (GDC) has announced a new restricted tender targeting one of the most technically important challenges in geothermal field operations: scale formation and its removal from geothermal wells and formations . The procurement notice, posted by GDC on 29 September 2026 , seeks qualified firms to provide specialized downhole wellbore and formation-scale removal and scaling mitigation services for geothermal wells and reservoirs at the Menengai Geothermal Field . The planned service period is three years , creating an opportunity for specialized geothermal service companies with experience in downhole intervention, scale management, wellbore remediation and formation-scale mitigation. According to the notice, interested and qualified firms must submit their full company details and contacts together with their Electronic Government Procurement System (eGP) registration number t...

Maren Maras plans 99-MW geothermal power development in Aydin, Türkiye

Maren Maras plans 99-MW geothermal power development in Aydin, Türkiye Maren Maras is planning a 99-MW geothermal development in Aydın’s Germencik district, consisting of three 33-MW plants with binary-cycle technology, based on regulatory filings and the Final EIA report. The project is expected to generate about 730 GWh annually and requires an estimated TRY 1.82 billion investment. Maren Maras Plans 99-MW Geothermal Power Development in Aydın, Türkiye Maren Maras Elektrik Üretim Sanayi ve Ticaret A.Ş., part of Kipaş Holding, has advanced plans for a major geothermal expansion in Türkiye’s Aydın province. According to regulatory documents and reporting on the company’s environmental filings, the project will add 99 MW of installed geothermal capacity in the Germencik district through three separate 33-MW power plants.  The project adds another large-scale development to one of Türkiye’s most active geothermal regions. Aydın has long been a core province for geothermal power in th...

Global Geothermal Policy Outlook for 2027 Across Key Markets

Global Geothermal and Energy Policies for 2027: A Future Outlook Introduction The next phase of global geothermal development will be shaped not only by geology and technology, but increasingly by national energy policy . Governments are now treating geothermal as more than a niche source of heat or power . They are beginning to see it as a practical option for firm low-carbon electricity, district heating, industrial heat, and energy security. That shift matters because geothermal projects are unusually sensitive to policy design. Exploration is capital intensive, drilling is expensive, subsurface risk is real, and project timelines can stretch over years before revenue begins. In other words, geothermal is not just an engineering challenge. It is also a finance, regulation, and infrastructure challenge. Looking toward 2027, five countries offer a useful benchmark for where geothermal policy may be heading: the United States, the United Kingdom, Norway, Canada, and France. Each countr...

Sonoma Clean Power secures $20M in state funding to advance California geothermal initiative

Sonoma Clean Power Secures $20 Million in State Funding to Advance California Geothermal Initiative Sonoma Clean Power has secured $20 million in state support for its California geothermal initiative, a milestone that strengthens the case for next-generation geothermal development in the state. The funding is aimed at reducing early-stage exploration risk, with private-sector partners expected to match the public investment, bringing the total pool to $40 million.   A major step for GeoZone The announcement builds on Sonoma Clean Power’s GeoZone strategy, which targets 600 megawatts of next-generation geothermal energy across Sonoma and Mendocino counties over the next decade. The initiative is designed to secure affordable, reliable clean power for local customers while advancing California’s broader clean-energy goals.  The latest funding breakthrough gives the project more momentum at a critical stage. In geothermal development, exploratory drilling is often one of th...

North Rhine-Westphalia Deep Geothermal Energy District Heating Expansion

North Rhine-Westphalia Pushes Geothermal Into Mainstream Heat Supply With New Deep Drilling Projects North Rhine-Westphalia (NRW) is accelerating its push to make geothermal energy a major component of the region’s future heat supply, with the state backing exploration, drilling, feasibility studies and financial mechanisms designed to reduce the risks associated with developing underground heat resources. The latest developments were presented at the 21st Geothermal Conference in Bochum, hosted by NRW.Energy4Climate and the Fraunhofer Research Institution for Energy Infrastructures and Geotechnologies IEG (Fraunhofer IEG). The conference highlighted a growing transition in NRW geothermal development: geothermal energy is moving beyond research and individual demonstration projects toward practical deployment in municipal heating, district heating networks, residential developments and industrial applications. The state has already financed measurements and drilling activities across s...

Geothermal Funding, August ,September 2027 With Intelligence into 2028

Geothermal Funding in August and September 2027: Investment Outlook and Intelligence Into 2028 Geothermal funding in August and September 2027 is likely to focus on projects that can demonstrate commercial resource potential, credible drilling plans, secure offtake, and a clear path to construction. The market will increasingly move beyond broad technology experimentation toward financeable geothermal assets supported by government grants, development-finance institutions, strategic investors, utilities, and corporate power buyers. The most significant investment themes will likely include enhanced geothermal systems , exploration drilling, closed-loop geothermal , data-center power supply, conventional geothermal expansion in East Africa, and blended finance for emerging markets. By 2028, investors are expected to distinguish more sharply between companies with proven technical performance and those still dependent on laboratory results or unconfirmed resource estimates. The 2027 Fun...

Green Therma deploys closed-loop geothermal demonstration in Groß Schönebeck, Germany

Green Therma deploys demonstration of closed-loop geothermal in Groß Schönebeck, Germany Green Therma has deployed its closed-loop geothermal demonstration at the Groß Schönebeck research site in Germany, and the project is now moving from installation into operation. The system is intended to test the company’s Heat4Ever/DualVac concept under real geothermal conditions at depths of more than 3 kilometers.  Green Therma deploys closed-loop geothermal demonstration in Groß Schönebeck, Germany Green Therma has reached an important milestone in the development of closed-loop geothermal technology with the deployment of its demonstration project at the Groß Schönebeck research site in Germany. The company says the system is now circulating water through a single-well closed-loop configuration, bringing geothermal heat to the surface from more than 3 kilometers underground.  The project is being carried out at the GFZ Helmholtz Centre for Geosciences’ geothermal research facility,...

Quaise Energy Secures DOE Funding for Superhot Geothermal Plant

Quaise Energy Wins DOE Support for Project Obsidian as Superhot Geothermal Moves Toward Commercial Scale Quaise Energy’s selection for up to $25 million in U.S. Department of Energy support is a meaningful milestone for superhot geothermal power, especially because it is tied to Project Obsidian, the company’s flagship commercial-scale Enhanced Geothermal System in Central Oregon. The award strengthens the case that superhot geothermal is shifting from laboratory promise toward field-tested infrastructure, with the first well triplet designed to validate a path to more than 25 megawatts of gross electric power and future expansion potential much larger than that.  DOE backs superhot geothermal The U.S. Department of Energy selected Quaise under its Next-Generation Geothermal Field Tests and Geothermal Resource Characterization and Confirmation funding opportunity, part of a broader $99 million geothermal push announced this week .According to DOE, the selected projects are mean...

Fervo Energy’s Cape Station Reaches Commercial Operation: A Milestone for Enhanced Geothermal

Fervo Energy’s Cape Station Reaches Commercial Operation: What the Milestone Means for Next‑Generation Geothermal On October 1, 2026, Fervo Energy announced that its first GeoBlock at Cape Station in Beaver County, Utah, reached contractual commercial operation , achieving 33 MW net and beginning revenue under a power purchase agreement (PPA). The declaration , reached one day ahead of the contractual commercial operation date after grid synchronization on September 24 , marks an important moment for enhanced geothermal systems (EGS) : a greenfield, first‑of‑a‑kind development moving from construction into contracted revenue. This article explains the technical approach Fervo used, evaluates performance and schedule claims, examines cost and scalability implications, places the project in the competitive market context, and summarizes key risks investors and industry watchers should track. What Fervo built: GeoBlocks and the Cape Station design Fervo’s project architecture centers on ...

France Geothermal Energy 2026: Heating, Power, Policy, Investment Growth

France's geothermal sector is at a crossroads. The country is Europe's undisputed leader in deep geothermal district heating, with the Paris Basin hosting the world's largest concentration of deep geothermal systems.  Yet geothermal still supplies only 1% of France's final heat consumption, and the Court of Auditors has warned that current ambitions are "unrealistic" without structural reform. ⚡ Deep Geothermal (Power Generation): Marginal Output, Major Potential Untapped France's geothermal power generation remains almost negligible. As of 2026, only two plants produce electricity: the Bouillante plant in Guadeloupe (15.5 MW) and the Soultz-sous-Forêt EGS pilot in Alsace (1.7 MW).  Total geothermal electricity production capacity was approximately 17.17 MW in 2023, forecast to reach just 19.47 MW by 2028. The Bouillante plant is set to double its production with a third unit scheduled for commissioning by the end of 2026, making it an exemplary model for ...