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Global Geothermal Power Market Review 2026.

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...

Gluszyca Poland Starts To Drill Geothermal Research Wells

Unlocking Głuszyca's Hidden Treasure: The Quest for Geothermal Energy By: Robert Buluma Image: Warsaw Poland Głuszyca, a quaint town nestled in the heart of Lower Silesia, is on the brink of a groundbreaking transformation. A transformative project is underway, one that could potentially alter the town's landscape, economy, and future prospects. At the forefront of this endeavor lies a quest for geothermal energy, a venture that promises not just to harness natural resources but also to redefine Głuszyca's identity. The ambitious initiative aims to tap into thermal waters buried deep beneath the town's surface. Spearheaded by the Mayor of Głuszyca, Roman Głód, and backed by the Głuszyca Commune, this project has already set the wheels in motion for what could be a game-changer in the region's energy landscape. Unveiling the Geothermal Potential The journey began with meticulous planning and collaboration. Extensive research conducted by experts from AGH University o...

EDC TO RAISE CAPITAL USING ASEAN GREEN BONDS

Unlocking Green Energy: EDC P10-B Fixed Rate Bonds By: Robert Buluma Nearly 20 kilometres outside of the city of Ormoc, The Tongonan-1 geothermal power plant sits in mountainous Kananga, Leyte in the Philippines’ typhoon belt. Image: EDC In a resounding nod to the future of sustainable energy, the board of Energy Development Corp.  EDC has given the green light to a groundbreaking initiative. Picture this: P10 billion in fixed-rate bonds earmarked for propelling green energy projects forward. It's not just a financial maneuver; it's a commitment to a greener, cleaner tomorrow. The Rise of Green Bonds Lopez-led First Gen Corp. subsidiary,  EDC is at the forefront of this movement. Their P10-billion offering marks the second tranche of a larger P15-billion shelf-registered ASEAN green bonds. This isn't just about raising capital; it's about rallying investors behind a cause that transcends profit margins. The first tranche, a modest P5 billion, saw overwhelming demand,...

Eavor Inks A Deal To Supply Geretsreid With Geothermal Energy

Geretsried Sets the Stage for Climate Neutrality with Innovative Geothermal Energy Project By: Robert Buluma Nestled in the heart of Bavaria, the picturesque town of Geretsried is poised to become a beacon of sustainable living and environmental stewardship with its latest groundbreaking initiative – a pioneering geothermal energy project. In a triumphant collaboration between the local government, the Geretsried Municipal Utilities, and Eavor Erdwärme Geretsried GmbH, the town has embarked on a journey towards a greener, more resilient future. The recent signing of a heat supply contract marks a significant milestone in Geretsried's quest for renewable energy dominance. With the agreement in place, Isar Loisach Naturwärme GmbH, a subsidiary of the Geretsried Municipal Utilities, will receive up to 81,200 MWh/year of clean, CO2-free heat from Eavor Erdwärme Geretsried GmbH. This partnership heralds a new era of sustainable energy production, positioning Geretsried as a trailblazer ...

Resilience and Rehabilitation Key For 40 year old Tongman Geothermal Plant

The Tale of Resilience: How Tongonan Geothermal Plant Overcame Typhoon Haiyan By: Robert Buluma Nearly 20 kilometres outside of the city of Ormoc, The Tongonan-1 geothermal power plant sits in mountainous Kananga, Leyte in the Philippines’ typhoon belt. Image: EDC In the wake of devastation, stories of resilience often emerge as beacons of hope. Such is the case of the Tongonan Geothermal Plant in the Philippines, which not only weathered the destructive force of Typhoon Haiyan but emerged stronger and more resilient than ever before. The year was 2013 when Typhoon Haiyan, one of the strongest tropical storms ever recorded, wreaked havoc on the province of Leyte. Among its victims was the Tongonan Geothermal Plant, a vital energy source in the region. Engineer Teodulfo Troyo, who witnessed the plant's shutdown in anticipation of the storm, recounts the harrowing experience of seeing the facility succumb to nature's fury. But amidst the ruins, a spirit of resilience took root. E...

Warmeverband To Start Geothermal Power Plant Construction Upon a Succeful Geological Survey Come 2025

Harnessing Earth's Energy: Riehen's Groundbreaking Geothermal Endeavor By: Robert Buluma In the heart of Riehen, Switzerland, a quiet revolution is underway, one that promises to reshape the community's energy landscape for decades to come. For the past 30 years, Riehen has been tapping into the Earth's natural warmth to power its heating systems, pioneering the use of geothermal energy in the region. Now, with a newfound zeal for sustainable energy solutions, the town is embarking on an ambitious journey towards expanding its geothermal infrastructure. The latest chapter in Riehen's geothermal saga unfolds with the revelation of a prospective site for a second geothermal facility. The announcement, made by the Riehen District Heating Company (Wärmeverbund Riehen AG), marks a significant milestone in the town's quest for energy independence. After meticulous assessments and geological surveys, a parcel of land in the Grendelmatten area emerged as the prime locat...

Ngozi To Dessipate 30 MW of Geothermal Energy come 2025

Unveiling the Power Beneath: The Ngozi Geothermal Project By: Robert Buluma Image: Lake Ngozi In a world where energy demand is skyrocketing, the quest for sustainable solutions has become paramount. Enter the Ngozi Geothermal Project – a beacon of hope in the realm of renewable energy. Gathered on the shores of Lake Ngozi in Mbeya, a diverse coalition of scientists from the United States, New Zealand, Japan, Iceland, and geothermally rich nations such as Kenya, Uganda, and Ethiopia convened for three days of groundbreaking discussions. At the heart of their deliberations lies a shared vision: to harness the earth's natural heat trapped beneath the surface of Lake Ngozi and transform it into a staggering 30 megawatts of clean, renewable power by the year 2025. It's not just about meeting energy needs; it's about pioneering a sustainable future for generations to come. The significance of this ambitious endeavor cannot be overstated. Geothermal energy represents a game-chang...

Construction Started of Wai-2 Geothermal Power Plant In Kumamoto Japan

Unveiling the Future: Construction Begins on Wai-2 Geothermal Power Plant By: Robert Buluma In a groundbreaking move towards sustainable energy, Furusato Thermoelectric Co., Ltd. has embarked on an ambitious project to build the Wai-2 Geothermal Power Plant. Led by the visionary leadership of CEO Kazuyuki Akaiishi, the company announced this momentous endeavor on March 22, 2024, marking a significant step forward in the realm of renewable energy. Located in the picturesque town of Oguni, nestled in the heart of Kumamoto Prefecture's Aso District, the Wai-2 Geothermal Power Plant is set to revolutionize the region's energy landscape. With a planned commercial operation slated for March 2026, this state-of-the-art facility aims to harness the Earth's natural heat to generate clean, sustainable electricity. What sets the Wai-2 Geothermal Power Plant apart is not just its cutting-edge technology but also its commitment to community collaboration. Building upon the success of th...

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Top 10 Critical Geothermal Energy Problems Costs Risks Seismicity

Top 10 Geothermal Problems: Why a 24/7 Resource Still Struggles to Scale Image credit : Fida, C.E.O Geosilica... This is what scaling looks like downhole in geothermal pipes Intelligence; Strategy for the Geothermal Decade Geothermal energy is often presented as the clean firm resource that can support a renewable electricity system around the clock. It does not depend on sunshine, it can operate through calm weather, and it can provide heat and power for decades. Kenya already relies heavily on geothermal generation , Iceland uses geothermal heat across its economy, and next generation developers are now signing large power contracts with technology companies seeking reliable carbon free electricity. Yet the global geothermal sector remains small compared with solar and wind, with installed electricity capacity still near 16 GW.  That gap is not caused by one obstacle. It is produced by a chain of interlocking problems involving geology, drilling, finance, permitting, public acce...

Global Geothermal Power Market Review 2026.

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...

North America Geothermal Energy Investment Opportunities, Companies, Resources, and Market Outlook

Investment Opportunities in North American Geothermal Energy North America is entering a new investment cycle in geothermal energy. The United States offers the region’s deepest commercial market and the largest advanced-geothermal pipeline; Mexico provides proven high-temperature volcanic resources and an established utility-scale industry; while Canada presents an earlier-stage opportunity centered on sedimentary-basin geothermal, direct-use heating, closed-loop systems, and oil-and-gas technology transfer. The investment case now extends well beyond conventional geothermal power plants. It includes enhanced geothermal systems, advanced closed-loop systems, geothermal heat pumps, district heating, industrial heat, geothermal storage, lithium extraction from geothermal brines, data-center power, and hybrid renewable-energy projects. In the United States, utilities had already procured or agreed to procure 1,007 MW of next-generation geothermal capacity through 12 power-purchase agreem...

New Mexico Tribal Geothermal Development: Energy Sovereignty, Jobs, Investment

New Mexico’s Tribal Lands Poised for Geothermal Development: Opportunity, Challenges, and Pathways to Energy Sovereignty Image:  Located in Lordsburg, Lightning Dock is the only utility scale geothermal power plant in New Mexico. (BLM New Mexico via Flickr) Why geothermal matters for New Mexico tribes, nations, and pueblos Geothermal energy uses heat from the earth to produce electricity or heat buildings directly. For New Mexico — a state with abundant subsurface heat resources — geothermal offers a reliable, low‑emission complement to wind and solar. Unlike intermittent renewables, geothermal provides baseload power capable of supporting grid stability and reducing reliance on fossil fuels. For tribal communities, geothermal has particular appeal: it aligns with many Indigenous values around stewardship, can be developed with relatively low water demand compared with some thermal technologies, and offers long‑term revenue, jobs, and enhanced local control over energy resources. E...

Serbia Advances Mišeluk Geothermal District Heating Project in Novi Sad

Serbia Advances Geothermal Drilling for the Mišeluk District Heating Plant in Novi Sad Serbia is moving forward with plans to develop a geothermal district heating system in Mišeluk, a rapidly urbanizing area of Novi Sad. The project is intended to place geothermal energy at the centre of a new low-carbon heating network, supported by solar power and natural gas backup. Exploratory drilling and construction of the heat distribution network are being carried out by JKP Novosadska toplana, Novi Sad’s public district heating utility. The initiative is supported through the United Nations Development Programme’s “Geothermal Energy in Serbia” programme, with financial backing from Slovakia.  The Mišeluk project is important not only because it could provide a new renewable heat source for Novi Sad, but also because it demonstrates how geothermal energy can be integrated into urban development from the earliest planning stages. Rather than retrofitting a geothermal system into an establi...

Alphaxioms Interviews Rystad Energy: Geothermal's Inflection Point, Policy, and Drilling Breakthroughs

Geothermal at an Inflection Point: Why Policy, Conventional Resources, and Drilling Breakthroughs Will Define the Next Decade This interview was conducted by Robert Buluma on behalf of Alphaxioms,  responses delivered by  Alexandra Gerken Product manager, Geothermal solution at Rystad Energy   Introduction: The Strategic Crossroads for Geothermal Geothermal energy is entering a decisive phase. After decades of steady but regionally concentrated development, the sector now faces a confluence of technological innovation, policy ambition, and market demand that could either unlock global scale or confine geothermal to niche applications. Alexandra Gerken, Product Manager for Geothermal Solutions at  Rystad Energy , offers a clear-eyed assessment of where the industry stands, which technologies will drive near-term growth, and what must happen for geothermal to become a globally significant source of firm, low-carbon power. Her analysis emphasizes three pillars: the imme...

PT Geo Dipa Energi Launches Strategic Minor Overhaul Tender for Dieng Unit 1 to Strengthen Geothermal Reliability

PT Geo Dipa Energi Opens Tender for Minor Overhaul of Dieng Unit 1 in 2026 Image: Indonesian Geothermal power plant PT Geo Dipa Energi (Persero) has opened a tender for the minor overhaul of the Dieng Geothermal Power Plant Unit 1 in 2026, signaling a continued focus on preserving the reliability of one of Indonesia’s most important geothermal assets. The procurement is aimed at selecting a qualified contractor with proven experience in turbine and generator maintenance for thermal power plants, underscoring the technical complexity and operational importance of the work. The tender, identified as RKS-004-PST/GDE/I/2026, uses a post-qualification bidding method and applies strict administrative, technical, and safety requirements. The schedule places document registration and collection between 26 and 28 January 2026, followed by a mandatory RKS explanation session and field visit on 29 January 2026. Procurement Scope and Process The procurement procedure requires prospective bidders...

Texas Geothermal Energy Growth: RRC Permits, Geopressured Storage, and Shallow Well Expansion in 2026

Geothermal Energy Gains Ground in Texas Under RRC Leadership Texas is better known for oil and gas, but over the last three years the state has rapidly expanded its geothermal footprint under the regulatory oversight of the  Railroad Commission of Texas (RRC) . From permitting deep geopressured wells for long-duration energy storage to a surge in shallow closed-loop ground-source systems used for heating and cooling, geothermal technologies are moving from pilot projects into commercial-scale development. The RRC’s transfer of geothermal jurisdiction from the  Texas Commission on Environmental Quality (TCEQ) in September 2023, combined with carefully calibrated rules and a permissive permitting pathway, have helped accelerate deployment while preserving environmental and safety safeguards. This article examines the technical and regulatory developments that underpin the growth of geothermal energy in Texas, assesses commercial opportunities and constraints, and outlines the o...

INL Expert Trevor Atkinson Reveals Geothermal's Path to Scalability and Breakthroughs

Exclusive Insights from INL's Trevor Atkinson: The Future of Enhanced Geothermal Systems (EGS) , Critical Minerals , and Why Geothermal Lags Behind Wind & Solar Published on Alphaxioms Geothermal Insghts   Date: [February 26, 2026]   By Robert Buluma In a detailed email interview, Trevor Atkinson, Research Scientist in Geothermal Energy and Subsurface Systems at Idaho National Laboratory (INL) , shares candid perspectives on the field's priorities, breakthroughs, barriers, and potential. His work focuses on subsurface characterization, reactive-transport modeling, AI optimization, and integrating geothermal with critical mineral recovery. 1. What is INL’s most important geothermal research priority today, and why?   Advancing Enhanced Geothermal Systems (EGS ) through physics-based modeling and AI-driven optimization. My research focuses on subsurface characterization and reactive-transport modeling, which are essential for predicting fluid–rock interactions and...

Green Therma Selects H&P to Drill Denmark’s Longest Geothermal Well

Green Therma Selects H&P to Drill Denmark’s Longest Geothermal Well for Aalborg Heat4Ever Demonstration Denmark is moving from geothermal ambition to execution. Green Therma has selected Helmerich & Payne to drill the Heat4Ever demonstration well near Aalborg, a project that could become one of the country’s most technically ambitious geothermal developments and a meaningful test of closed-loop district heating.   A milestone for Danish geothermal The Aalborg Heat4Ever project matters because it is designed to prove that geothermal heat can be delivered without relying on a natural hot-water reservoir. Instead of producing groundwater from a conventional geothermal field, the system uses a closed-loop pipe-in-pipe design that circulates the same fluid downhole, heats it in contact with hot rock, and returns it to the surface for district heating use.  That distinction is important for Denmark, where district heating is already a major part of the energy system ...