The rise in investments and the boom in binary cycle technologies are placing geothermal energy at the heart of global energy strategies, driven by heat pump demand and Asian ambitions.
Daldrup & Söhne AG has won an EU-wide tender for drilling geothermal wells in Pullach, a large-scale project that could enhance the economic appeal of geothermal energy in Germany.
The Bureau of Land Management removes rules deemed obsolete to facilitate the development of geothermal projects, announcing new geothermal lease auctions in California and Idaho.
Geothermal Radar unveils an interactive mapping tool and global thermal model designed to support governments and companies in identifying and developing new geothermal sites internationally.
North America registers record funding of $1.7 billion in the first quarter of 2025, driven by emerging innovative techniques exploiting previously inaccessible geothermal resources, according to recent analysis by Wood Mackenzie.
Globeleq and African Trade & Investment Development Insurance finalise a payment guarantee for the Menengai geothermal project (35 MW), securing financing ahead of its planned operational launch in Kenya.
Ignis Energy closes its $13.6mn Series A funding round, gathering international players to finance geothermal projects in the United States and Türkiye, now entering the technical maturity phase.
Austrian oil group OMV announces a seismic campaign starting in December 2025 in the Graz region, aiming to identify potential deep geothermal reservoirs suitable for local energy production.
Saint-Nazaire Agglo and Dalkia officially sign a Public Service Delegation contract for a 37-kilometre urban heating network, primarily fuelled by thermal recovery and local biomass, operational from 2030.
Unit 2 of the Lumut Balai geothermal plant, with a capacity of 55 MW, has successfully synchronized to the Indonesian national grid, paving the way for full commercial operation scheduled by the end of June 2025.
A new report states that the US state could reach 163 GW of geothermal capacity through a set of public measures and expertise drawn from its oil sector.
Eavor Technologies secures an additional CA$138mn from the Canada Growth Fund for its geothermal project in Germany, reinforcing its operational base in Canada.
Project InnerSpace and Indonesia's IESR join forces to accelerate national geothermal development, estimated at 3,000 GW, with a strategic report expected in the autumn.
Advances in enhanced and closed-loop geothermal systems are drawing growing interest from governments and tech giants, despite critical cost reductions still needed for competitiveness.
Enertech Global will supply heat pumps for a 1,500-home project in partnership with Dandelion Energy, marking one of the largest residential geothermal deployments ever undertaken in the United States.
Google signs a power purchase agreement with Baseload Capital to develop 10 MW of geothermal energy in Taiwan, doubling the country’s current commercial geothermal capacity.
Zero Industrial secures a $10 mn Series A funding round led by Evok Innovations to develop thermal storage projects for industrial sites in North America.
Syntholene Energy Corp has secured a 20-megawatt geothermal resource to support the world's first geothermal-powered synthetic sustainable aviation fuel (eSAF) production facility.
Thomassen Amcot Holdings LLC has completed the acquisition of a 160 MW steam turbine generator from TC Energy. The equipment, currently stored in Canada, could be redeployed to the United States to meet the energy needs of certain markets.
The cities of Melun and Vaux-le-Pénil are launching the expansion of their heating network with the drilling of a new geothermal well planned for 2026. This project aims to strengthen local energy supply by increasing the capacity of the existing network.
With its vast geothermal resources, Alaska is positioning itself as a strategic pillar for the US energy policy in the Indo-Pacific, supporting key regions such as Taiwan, Japan, and the Philippines with sustainable and local production.
The $43 million funding granted by Japan for the Chachimbiro geothermal project marks a key step for Ecuador’s energy diversification strategy, aiming to strengthen the country's autonomy and the stability of its electricity supply.
Colombia is intensifying the development of geothermal energy to diversify its energy mix. The country is relying on public-private partnerships and favorable regulations to attract the necessary investments.
Magma Power LLC is awarded a patent for an innovative technology that extracts magmatic heat for energy production, with applications in energy-intensive industries.
Geothermal energy in the Paris region, which has been well established since the 1980s, is proving to be a reliable and economical solution for district heating, limiting dependence on fossil fuels and ensuring long-term price stability.
AFPG and Enerplan join forces to promote the coupling of solar thermal and geothermal energy in France.
This initiative aims to optimize the use of renewable energies, thereby reinforcing the energy transition and national energy sovereignty.
X-Caliber Rural Capital is providing $100 million in financing for Fervo Energy's geothermal project in Utah, designed to deliver 400 MW of renewable energy capacity by 2028.
Tsuchiyu Onsen, a Japanese region renowned for its hot springs, is implementing a strategy to integrate geothermal production into its tourism sector, illustrating a local energy management model.
INA - Industrija nafte d.d. launches seismic surveys in northern Croatia to identify geothermal and hydrocarbon resources as part of its energy diversification strategy.
Stadtwerke München receives 43.9 million euros from the BEW program to extend Munich's geothermal heating network, covering a significant part of the project costs.
The U.S. Bureau of Land Management is putting 220,000 acres of land up for sale in Nevada to intensify geothermal exploration, boosting renewable energy production.
Singareni Collieries Company Limited has inaugurated an experimental 20 kW geothermal power plant in Telangana, marking a major step forward for renewable energy in India.
India is turning to geothermal energy to diversify its sources of renewable energy.
Singareni Collieries Company Limited has already set up a 20 kW pilot plant in Manuguru, Telangana.
Whitebark Energy uses revenues from Wizard Lake in Canada to fund geothermal and hydrogen initiatives in Australia, underlining a transition to renewable energies.
The U.S.-Iceland geothermal energy partnership promises to transform the global energy landscape, with massive investment and collaboration to develop innovative, sustainable technologies.
Newheat, the Communauté d'Agglomération Pau Béarn Pyrénées and ENGIE Solutions have launched a feasibility study for an innovative thermal storage system, supported by the European TREASURE program.
