State-owned PT SMI financed 65% of the Ijen geothermal plant, recently inaugurated, while continuing social responsibility programmes in East Java province.
The new GeoMap tool identifies vast geothermal potential in the Middle East, notably for urban cooling, long-duration storage, and large-scale power generation.
Clean Energy Technologies and RPG Energy Group completed the installation of an Organic Rankine Cycle heat recovery system at a major industrial site in Tennessee.
German start-up Factor2 Energy has raised $9.1mn in venture capital to develop a geothermal system based on CO₂ injected into porous geological formations, with the goal of building a pilot power plant in Germany.
Start-up Dig Energy has secured $5mn to launch its first pilot projects for compact geothermal drilling, aiming to cut thermal energy production costs in buildings without relying on conventional oilfield rigs.
Baker Hughes joins the development of the second phase of the Hell’s Kitchen project in California, targeting 500 megawatts of geothermal energy to power energy-intensive data centres.
Baker Hughes will supply Fervo Energy with key equipment for five geothermal ORC plants as part of the Cape Station Phase II project in Utah, United States.
A long-term extension secures continuous baseload geothermal power supply to California’s main utilities while strengthening financial visibility in the energy sector.
The inauguration of the Tanawon geothermal site, with a capacity of 22 megawatts, marks a milestone in the expansion of the Philippines’ energy park with local solutions of low carbon footprint.
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.
Ormat Technologies acquires the Blue Mountain geothermal power plant in Nevada from Cyrq Energy, enhancing its energy generation capacity to 1,268 MW, with potential expansion through technical upgrades planned in the short term.
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.
Star Energy increases its stake to 71% in A14 Energy Ltd, solidifying its influence in geothermal exploration in the Pannonian Basin with three strategic licenses.
Geothermal energy could meet 15% of the global electricity demand by 2050, according to the International Energy Agency. This potential relies on cost reductions and increased technological adoption.
To reduce its dependency on Russian gas, the European Union is betting on geothermal energy, a renewable and local solution. This strategic lever aims to strengthen its energy sovereignty and accelerate the transition to a decarbonized future.
Austin Energy partners with Exceed Energy Inc. to develop a 5 MW geothermal pilot project near Nacogdoches, Texas. This initiative aims to enhance the sustainability and reliability of the power grid, with operations expected to begin in 2025.
The Indonesian geothermal energy developer, Star Energy Geothermal, partners with Kyndryl to integrate generative artificial intelligence and cloud technologies into its operations, aiming for better efficiency and a strengthened energy transition.
The Canadian government supports the geothermal project led by the Acho Dene Koe First Nation, aiming to reduce diesel usage and stimulate economic development in the Northwest Territories.
Ormat Technologies will partner with Contact Energy to build a 101 MW geothermal power plant in New Zealand, a key project that supports the national zero-emissions goal and strengthens Ormat's market position.
Sinopec connects its first geothermal power production project in China to the grid, marking progress in clean energy integration and helium extraction, a strategic resource for various industrial sectors.
The Tu Deh-Kah geothermal project by the Fort Nelson First Nation aims to produce up to 15 MWe of sustainable energy for the Fort Nelson region, marking a strategic investment for energy independence.
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.
