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...
Announcing the Top 5 Most Innovative Geothermal Projects in 2024 The anticipation is building as the European Geothermal Energy Council (EGEC) reveals the finalists for the prestigious Ruggero Bertani European Geothermal Innovation Award 2024. These groundbreaking projects showcase the forefront of geothermal technology and will be vying for recognition at the GeoTHERM expo & congress, set to unfold between February 29 and March 1, 2024, in Offenburg, Germany. 1. Canopus Drilling Solutions Geothermal BV (Netherlands) Project: Field pilot of the Directional Steel Shot Drilling technology at VersuchsStollen Hagerbach, CH. Canopus Drilling Solutions introduces the Directional Steel Shot Drilling (DSSD) technology, proving its ability to drill three times faster than traditional methods. A successful field pilot at VersuchsStollen Hagerbach demonstrated the prowess of DSSD by steering through various rock types and depths, marking a significant leap in drilling efficiency. 2. Deu...