Latest News

• Region: North America
• Topics: Geothermal
• Date: 20th September, 2025

Dig Energy, a New Hampshire-based startup, has raised US$5mn in venture funding to bring its compact geothermal drilling technology into pilot deployment.

• Region: Europe
• Topics: Geothermal
• Date: 12 September, 2025

The French Development Agency (AFD) has signed a cooperation pact with Kenya to accelerate the development of geothermal energy across the East Africa region.

• Region: North America
• Topics: Geothermal
• Date: 11 September, 2025

Baker Hughes and Controlled Thermal Resources have entered into a definitive agreement for the development of up to 500MW of baseload geothermal power at the Hell’s Kitchen site in California.

• Region: Asia Pacific
• Topics: Geothermal
• Date: 10 September 2025

GreenFire Energy and TOYO Engineering Corporation have entered into a partnership to deploy advanced geothermal solutions in the Asia Pacific region.

• Region: Asia Pacific
• Topics: Geothermal
• Date: 8 September, 2025

Swedish company Baseload Capital has announced a strategic investment in Japanese geothermal energy developer Furusato Netsuden.

The partnership aims to unlock Japan’s untapped geothermal potential and build a replicable model for sustainable energy development worldwide.

Combining a global investment portfolio with a community-rooted business model, the partnership aims to scale clean, renewable energy, “revitalising local economies while honouring cultural heritage,” a statement by Baseload Capital noted.

“Furusato Netsuden has successfully proven that community-based geothermal development works,” said Alexander Helling, CEO, Baseload Capital.

“Through this first investment, we’re proud and humbled to partner with them in scaling this approach, combining local engagement with sustainable energy development. Together, we aim to help Japan reach its 1.5 GW geothermal goal and strengthen national energy resilience.”

Furusato Netsuden brings deep local roots and operational expertise to the partnership, while Baseload Capital contributes international investment, global reach and the power of committed owners such as Google and Breakthrough Energy Ventures.

Japan has the third largest geothermal potential globally, with an estimated 23 GW, yet its current installed capacity is only 576 MW.

“This represents a major untapped opportunity for a country whose Green Transformation (GX) Strategy aims for net-zero emissions by 2050.,” the statement added.

“Geothermal energy is clean, always-on, and space-efficient. That makes it an ideal solution for a mountainous, densely populated nation with high reliance on energy imports and growing clean-energy demand from AI and data centres.”

The country’s geothermal development has been slow, in part, because there is no common business model that enables communities to share in the benefits, the statement noted.

“However, Furusato Netsuden and its local partners have developed a system to ensure communities benefit directly from geothermal energy.”

In 2011, residents of the Waita area in Oguni Town, Kumamoto Prefecture, formed the limited liability company Waita-kai, which is owned by the community.

In partnership with Furusato Netsuden, they set out to develop geothermal power together in a way that would revitalise the community. The name Furusato Netsuden combines the words for “hometown”, “heat” and “electricity”.

This model protects local land rights, ensures development is carried out on a scale appropriate for the area, and guarantees some of the revenues are re-invested in the community. Furusato Netsuden and Waita-kai regularly hold meetings with residents to share updates on operations, development, and environmental monitoring.In 2015, the 2MW capacity Waita No. 1 geothermal power plant began commercial operation.

Waita No. 2, currently under construction, is expected to deliver 5MW and go online in March 2026.

In addition to the 7MW currently operating or under construction in Waita, the overall portfolio includes a tangible pipeline of projects across Japan that are expected to deliver an additional 30-plus megawatts over the next five to ten years.

“Since 2020, we’ve built a foundation of trust with Baseload Capital, and seen that they are a committed, long-term partner in Japan’s energy transition,” said Kazuyuki Akaishi, Representative Director, Furusato Netsuden.

“Their role as a strategic investor provides financial stability for our current and future projects. They also bring valuable global resources, including technology, business insights and an international network of investors and energy partners.”

• Region: North America
• Topics: Geothermal
• Date: 5 September, 2025

The Bureau of Land Management (BLM) has announced it will host a competitive geothermal lease sale on October 21, 2025, featuring 113 parcels that cover a combined 377,678 acres across multiple Nevada counties, including Churchill, Esmeralda, Elko, Eureka, Humboldt, Lander, Lyon, Mineral, Nye, Pershing, and Washoe. 

• Region: North America
• Topics: Geothermal
• Date: 1 September, 2025

The St. Kitts and Nevis geothermal power project is inching forwards as some of the industry’s top names compete to take part in drilling work, which is set to commence next year.

The 30-megawatt geothermal plant, once operational, is expected to provide baseload renewable energy for both Nevis and St. Kitts, delivering cleaner, more affordable electricity and advancing the Federation’s goal of true energy independence.

The Organisation of Eastern Caribbean States Commission (OECS) confirmed recently another major milestone in the journey with the official opening of bids for the production drilling phase.

A total of five bids from internationally recognised firms were received for the initiative on Nevis, including from some well-known industry players.

The five companies that submitted bids are:

Iceland Drilling Company (Iceland)

Marriott Drilling (UK)

Consortium Drilling (UK)

Ormat Technologies Inc. (USA)

IPS-USA (USA)

Drilling to produce geothermal energy to drive an electric turbine at Hamilton Estate is expected to begin in early 2026 following the awarding of the contract to the successful bidder, the OECS reported.

The strategic energy project has received international funding from a variety of lenders and donors including the Caribbean Development Bank, the Inter-American Development Bank, and the Saudi Fund for Development, reflecting its significance for the country and the whole region.

St. Kitts and Nevis will become the third OECS member state to develop a geothermal power plant, following Dominica’s planned inauguration of a 10-megawatt plant in the Roseau Valley at Christmas 2025.

Guadeloupe has been producing about 5% of its electricity from geothermal sources since 1986.

• Region: North America
• Topics: Geothermal
• Date: 2 September, 2025

Baker Hughes, a global energy technology company, has secured an award from Fervo Energy Company, a pioneer in next-generation geothermal energy, to design and supply equipment for five Organic Rankine Cycle (ORC) power plants at Fervo’s Cape Station project near Milford, Utah, United States. 

• Region: Europe
• Topics: Geothermal
• Date: 01 September, 2025

Integrated oil and gas company MOL is conducting geothermal exploration and has carried out 3D seismic surveys around the Danube Refinery in Hungary to assess the potential for geothermal utilisation.

• Region: North America
• Topics: Geothermal
• Date: 29 August, 2025

Ormat Technologies has signed a strategic commercial agreement with Sage Geosystems, marking a significant milestone in Ormat’s pursuit of innovative energy solutions.

• Region: Europe
• Topics: Geothermal
• Date: 28 August, 2025

Technology and engineering solutions supplier, Odfjell Technology, has partnered with Vercana, Vulcan Group’s drilling subsidiary, for major geothermal project in Germany.

• Region: Europe
• Topics: Geothermal
• Date: 28 August, 2025

Germany’s Daldrup & Söhne AG has been awarded a contract to drill a pair of deep geothermal wells near Munich, in the south of the country.

In a statement, the company reported that the contract, worth €16.8mn (US$19.6mn), was awarded by Amperland Thermalwärme GmbH (ATW), a subsidiary of the joint municipal waste management company, based in Olching, northwest of Munich.

The drilling technology and geothermal energy specialist will now sink deflected deep geothermal wells with drilling lengths of around 2,430m and 3,300m on the site of the Geiselbullach cogeneration plant.

Work on the construction of the site is scheduled to begin in September this year, with actual drilling expected to be carried out from December 2025 to May 2026.

“It is impressive to see the determination with which the cities and municipalities around Munich are pushing ahead with the heat transition for their citizens,” said Andreas Tönies, CEO of Daldrup & Söhne AG.

ATW has received a grant of €8.8mn (US$10.3mn) for the financial implementation of the geothermal project, with the funds originating from the federal government’s Effective Heating Networks (BEW) programme.

The Daldrup & Söhne AG statement added that the project will enable the further expansion of the district heating network of the Olching municipal utility company and, for the first time in Germany, combine thermal waste utilisation with geothermal energy to expand the district heating supply in the region in a climate-neutral manner.

“This is a significant step for regional energy supply with fuel-independent heat,” added Tönies.

“The geological layers in the molass basin are now very well known and suitable for using deep thermal water to extract heat in a cycle system for local and district heating networks. We are already in talks with other potential municipal and private sector clients.”