Analyse

Mazama Energy has completed the creation of the world’s hottest Enhanced Geothermal System, paving the way for low-cost, high-density baseload power aimed at data centres and heavy industry.
Ormat Technologies and SLB join forces to accelerate the development of integrated geothermal systems, including a pilot EGS project at an existing site for large-scale commercial deployment.

Heat deliveries via networks reach 32.3 TWh in 2024, a record for the sector

With a 9.3% increase in one year, district heating networks cross a historic threshold, while cooling networks continue expanding in response to intensifying heatwaves.
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Dalkia and Paris-Vallée de la Marne launch a project to upgrade the GEOVAL network, aiming to deliver 20 GWh annually with 90% decarbonised energy.
State-owned PT SMI financed 65% of the Ijen geothermal plant, recently inaugurated, while continuing social responsibility programmes in East Java province.

Project InnerSpace unveils GeoMap in the Middle East with 14,000 GW geothermal potential

The new GeoMap tool identifies vast geothermal potential in the Middle East, notably for urban cooling, long-duration storage, and large-scale power generation.
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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.

Dig Energy raises $5mn to industrialise lightweight geothermal drilling technology

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.
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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.

Ormat extends 25-year PPA for 52 MW from Heber 1 geothermal plant

A long-term extension secures continuous baseload geothermal power supply to California’s main utilities while strengthening financial visibility in the energy sector.
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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 wins EU-wide tender for major geothermal energy contract

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.
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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.

Geothermal investment jumps 85% driven by new technologies

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.
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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.
By redefining energy priorities, the Trump administration offers unexpected support to geothermal energy, the only renewable aligned with the economic interests of fossil fuel industries and its promising growth prospects.
Daldrup & Söhne AG, a specialist in drilling technology and geothermal energy, has won two research drilling contracts in Germany, totaling 3 million euros, for projects in Krefeld and Grasellenbach.

Ormat Technologies signs a 10-year contract with Calpine Energy Solutions for 15 MW of geothermal energy

Ormat Technologies and Calpine Energy Solutions enter into an agreement to supply 15 MW of clean geothermal energy starting in 2027, highlighting the growing demand for renewable electricity in California.
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Toshiba will equip Unit 2 of the Patuha Geothermal Plant in Indonesia, adding 60 MW to strengthen the country’s energy capacity and support its ambitious climate goals.
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.

Kenya: 40% of Global Growth in Geothermal Energy in Ten Years

With 40% of the global growth in geothermal capacity over ten years, Kenya emerges as a key player thanks to its ambitious renewable energy projects.
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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 launches a 5 MW geothermal pilot project for a greener grid

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.
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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 signs $200 million contract for geothermal power plant in New Zealand

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.
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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.

Alaska: A Strategic Geothermal Hub for the US Indo-Pacific Policy

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.
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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 patented for geothermal energy extraction from magma

Magma Power LLC is awarded a patent for an innovative technology that extracts magmatic heat for energy production, with applications in energy-intensive industries.
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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.