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...
Stadtwerke Weimar granted exploration permit for deep geothermal near Weimar — what it means for decarbonising district heat The Thuringian environmental authority, Thüringer Landesamt für Umwelt, Bergbau und Naturschutz (TLUBN), has granted Stadtwerke Weimar GmbH an exclusive permit to search for deep geothermal resources in a roughly 495-square-kilometre licence area centred on Weimar. The permit covers exploration from a depth of 400 metres downward and includes rights to investigate other energy resources that might surface in the process. It is valid until June 2031 and requires regular reporting to the TLUBN; further investigations such as seismic surveys or test drilling will need separate approvals and renewed stakeholder participation. This decision marks a strategic move by the municipal utility as it evaluates options to make Weimar’s district heating system climate neutral. The permission to explore does not commit Stadtwerke Weimar to build a geothermal project; rather it ...