The Organisation of Eastern Caribbean States Commission (OECS) has officially opened the bids for the production drilling phase of the St. Kitts and Nevis geothermal power project, marking another major milestone in the region sustainable energy sector.
The European Geothermal Energy Council (EGEC) expects to see “a significant upturn” in business activity linked to geothermal energy projects throughout Europe, according to new findings in its latest market report.
The new edition of EGEC’s annual Geothermal Market Report said a combined 40MW of new capacity had come on stream during 2024. It identified three new geothermal power plants — one in Austria and two in Turkey — had come on stream, adding a combined 40 MW of baseload capacity.
By the end of 2024, a total of 147 geothermal electricity plants were in operation across Europe, and plans for around 50 additional geothermal power plants are in various stages of development.
But EGEC expects to see an “exponential increase” in the number of wells to be drilled during 2025. This is due to the high number of geothermal energy projects that are currently in development across Europe – including around 50 power plants and more than 500 district heating and cooling (DHC) projects – as well as continued growth in the number of exploration campaigns being launched.
“The last few years have not been easy for the geothermal sector, with unstable energy prices and high interest rates deterring investors,” said Miklos Antics, EGEC’s President. “But now we are starting to see signs of revival, notably in terms of new drilling activities linked to geothermal energy projects, including new power plants as well as heating and cooling plants.”
According to the report, the last two years have seen steady growth in the number and extent of exploration activities being undertaken in Europe. In 2024, a record of more than 17 surveys were conducted, compared to only 10 in 2023. At least 10 3D seismic campaigns were started in the first half of 2025, with multiple surveys announced for later in the year to continue this growth.
The geothermal DHC sector also experienced steady growth, it noted, with 10 new systems launched — three in Poland, two in the UK, and one each in France, Greece, Romania, Spain, and the Netherlands. This brought the total number of operational GeoDHC systems in Europe to 412, with plans for around 500 additional projects under development.
However, geothermal heat pumps (HP) saw a significant drop in sales in 2024 across all European countries except Switzerland, attributed to a lack of favourable regulations and policies.
However, EGEC said that it is hopeful the upcoming European Geothermal Action Plan will contribute to creating more favourable conditions for the growth of the geothermal HP market. “We are optimistic that geothermal energy will finally be recognised as a cornerstone of a sustainable, resilient and carbon-neutral energy future for Europe,” added Antics.
EGEC’s Secretary-General, Philippe Dumas, highlighted the significance of the European Geothermal Action Plan, which is due to be launched in 2026.
“We are seeing positive signs of growth in terms of exploration activities, and also in the numbers of new geothermal energy projects that are currently in development across Europe,” he said.
“However, the rate of growth will also depend on having a favourable financial, regulatory and policy framework that encourages investments in geothermal projects. Therefore, the highly anticipated European Geothermal Action Plan…will have a vital role to play, notably in terms of ensuring simpler permitting procedures for new projects.”
PT Pertamina Geothermal Energy Tbk (PGE) has successfully started up its 55 MW Lumut Balai Unit 2 geothermal plant.
In a statement to the Indonesia Stock Exchange, the company reported that the plant is now fully operational and delivering electricity to the national grid following recent testing work.
With this addition, PGE now manages an installed capacity of 727.5 MW from six operating areas.
PGE’s President Director Julfi Hadi noted that this achievement is the result of the collective work of the field team and the support of various stakeholders.
“We are grateful that the Lumut Balai Unit 2 geothermal power plant can now be fully and consistently commissioned,” he said.
“This is part of PGE's long-term commitment in providing reliable and sustainable geothermal-based clean energy. With this additional capacity, we are not only strengthening the national energy mix, but also moving closer to our target of 1 gigawatt (GW) of self-managed installed capacity in the next 2-3 years.”
The PGE boss added that it marks another milestone in the company's efforts to contribute to achieving atarget of expanding renewable energy generation capacity to 76% in the 2025-2034 period.
“Going forward, we are optimistic to continue supporting the acceleration of the national geothermal capacity increase target of 5.2 GW in that period,” he said.
In addition to the Lumut Balai Unit 2 geothermal plant, PGE is also developing several other strategic projects, such as the Hululais Unit 1 & 2 geothermal plants (110 MW), as well as a number of co-generation projects with a total capacity of 230 MW.
Most recently, on June 26, PGE also inaugurated the exploration of the Gunung Tiga geothermal power plant located in Lampung with a potential capacity of 55 MW.
Stadtwerke München (SWM) and Energiewende Garching (EWG) has begun preparations for geophysical surveys in the greater Munich area, encompassing a distance of approximately 1,100km2, nine districts and over 60 municipalities.
ignis H2 Energy has signed an agreement for a 2+2 deep geothermal well drilling contract with GEOPET Drilling Services, marking a major milestone in the company’s renewable expansion into Türkiye.
Amazon’s latest fulfillment center in Nagoya, Japan, is designed to not only deliver customer orders efficiently but also operate with a focus on sustainability.
A new technoeconomic analysis has demonstrated that geothermal energy has strong potential to supply power and cooling to hyperscale data centers at competitive costs.
The Bureau of Land Management (BLM) will hold a competitive geothermal lease sale on 10 July, 2025 in Malheur County, Oregon, offering two parcels of 5,235 acres each.
The Croatian Hydrocarbon Agency (CHA) has confirmed geothermal energy potential in the Velika Gorica area following recent exploration work.
Halliburton has won a contract with GeoFrame Energy’s geothermal and direct lithium extraction (DLE) project where the operator will plan and design the first demonstration phase wells in the Smackover Formation in Eastern Texas.
GNS Science has unveiled a pioneering tool designed to help the geothermal energy sector make faster, more informed decisions with greater confidence.
Ormat Technologies has completed its acquisition of the Blue Mountain geothermal power plant in Nevada.