Latest News

• Region: North America
• Topics: Geothermal
• Date: 6 November, 2025

Mazama Energy, Inc., has announced a major advancement in clean energy with the creation of the world’s hottest Enhanced Geothermal System (EGS) at its pilot site in Newberry, Oregon.

• Region: Europe
• Topics: Geothermal
• Date: 6 November, 2025

Vulcan Energy has received the construction permit for its upstream Lithium Extraction Plant (LEP), a key component of the company’s Phase One Lionheart Project in Landau, Germany.

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

In a further example of how geothermal is now successfully attracting more innovative financing, Good Carbon Co. (GCC) has closed a US$20mn loan with NY Green Bank (NYGB), to support the installation of geothermal heating and cooling systems across its housing portfolio in the Buffalo region.

The facility — the first publicly announced Investment Tax Credit (ITC) transferability bridge loan for geothermal heating and cooling technology — allows GCC to further accelerate its mission of developing deeply decarbonised affordable housing.

It is expected to finance around 25 geothermal systems at affordable multifamily housing properties in the area, in New York State.

“This initiative demonstrates how innovative financing can accelerate the transition to clean, equitable energy,” said Adam Serbert, GCC’s President and CEO.

“By pairing federal Investment Tax Credits with sustainable technologies like geothermal systems, we’re enabling affordable housing communities to benefit from stable, carbon-free energy for decades to come.”

The intention is to grow multifamily affordable housing developments in the Buffalo area, boosting energy efficiency, cutting fossil fuel reliance and helping keep energy costs steady for residents in the process.

Geothermal systems leverage underground heat to provide highly efficient, carbon-free HVAC services to residents and are eligible for full federal Investment Tax Credits if construction starts by the end of 2033.

By unlocking federal Investment Tax Credits, the facility will accelerate deployment of clean energy solutions while supporting equitable housing and community benefits, a GCC statement noted.

The new facility builds on an existing loan between GCC and NYGB, which provided bridge funding for state-level clean energy incentives that GCC’s renovations qualify for.

“NY Green Bank is proud to support Good Carbon Co. on this pioneering transaction,” said Kelsey Clair, NYGB’s Managing Director, Investment and Portfolio Management.

“As the first publicly announced ITC transferability bridge loan in geothermal, this deal demonstrates the viable investment opportunity of geothermal heating systems in a residential setting while also ensuring that more New Yorkers can enjoy comfortable heating and cooling in their homes.”

• Region: Europe
• Topics: Well Intervention
• Date: 4 September, 2025

Clean Energy Technologies, Inc. has entered into a strategic collaboration with Qymera Global Energy Ltd. to advance and commercialize the DeepFyre geothermal power system, designed to deliver scalable, cost-efficient, zero-emission baseload power for island nations and emerging global markets.

• Region: Europe
• Topics: Geothermal
• Date: 3rd November, 2025

Aarhus, Denmark, has achieved a major milestone in sustainable heating as the first geothermal heat now flows into homes, marking the start of what will become the largest integrated geothermal district heating system in the European Union.

• Region: Europe
• Topics: Geothermal
• Date: 31 October, 2025

The DeepU project has announced its laser drilling technology is ready for field testing, marking a major milestone in the journey to unlocking affordable and sustainable geothermal energy.

• Region: North America
• Topics: Geothermal
• Date: 30 October, 2025

Mazama Energy, Inc.backed by Khosla Ventures and Gates Frontier has achieved a major milestone in clean energy.

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

Fervo Energy has announced the launch of the Geothermal Sustainable Development Pact, a new framework designed to establish top-tier standards for how geothermal projects are planned, constructed, and operated.

• Region: Asia Pacific
• Topics: Geothermal
• Date: 29 October, 2025

Geothermal energy producer Energy Development Corp. (EDC) is exploring options to repurpose its 129 MW Upper Mahiao Power Plant in Kananga, Leyte, after the facility reached the end of its operational lifespan.

• Region: All
• Topics: Geothermal
• Date: 28 October, 2025

The two companies have agreed to fast-track the development and commercialisation of integrated geothermal assets, including an EGS pilot project at an Ormat site.

• Region: Asia Pacific
• Topics: Geothermal
• Date: 24 October, 2025

PT Barito Renewables Energy Tbk, through its subsidiary Star Energy Geothermal, has completed the retrofit project for Units 4, 5, and 6 of the Salak geothermal power plant.

• Region: Europe
• Topics: Geothermal
• Date: 23 October, 2025

The Renewable Energy Association (REA) and Geothermal Energy Advancement Association (GEAA) have announced plans to create a new, dedicated platform within the REA — the Geothermal Energy Forum (GEF) — to help drive growth in the sector.

Both organisations have agreed Heads of Terms for the acquisition of GEAA by the REA which it is hoped will be completed by the end of the year.

In a statement, REA said the strategic acquisition marks a “major step forward” for the UK’s geothermal sector.

“By bringing GEAA’s expertise and membership into the REA, the Geothermal Energy Forum will help unify the industry’s voice and strengthen engagement with government, policymakers and key stakeholders – accelerating the growth of geothermal energy in the UK,” the statement read.

GEAA has been one of the key geothermal bodies, and the only UK trade association solely dedicated to geothermal energy.

Its integration into the REA reflects growing confidence in the sector and in the REA’s role in helping to galvanise movement in this market.

"This move establishes a powerful new platform to help unlock the UK’s exciting geothermal potential,” said Trevor Hutchings, CEO of the REA.

“Whether that’s for clean sources of heat for homes and businesses, or new low carbon power generation – geothermal has an important and currently under-valued role to play.”

He added: “I am determined that by the REA and GEAA coming together in this way we can ensure that geothermal energy plays a key role in the UK’s journey to greater energy security, energy sovereignty, local jobs and lower emissions.”

Karl Farrow, Founder and CEO of CeraPhi Energy, and Chair of GEAA, highlighted how far the industry had moved in just a few years.

“We started GEAA over a kitchen table in the midst of Covid nearly five years ago, at that time there was no designated UK voice for geothermal. We have slowly built a framework around a group of passionate individuals and organisations – big and small from academia to industry – who have come on that journey with us, building GEAA into a solid membership base and internationally recognised association,” Farrow said.

“We now need a ‘bigger table’ and evolving GEAA into the geothermal arm of the REA as the Geothermal Energy Forum is a natural next step for GEAA and its members.”

Industry players have also been broadly supportive of the coming together.

“This sort of coalition building is critical for the UK geothermal sector,” said Ross Glover, CEO of Star Energy. “We are excited to play our role in the Geothermal Energy Forum and actively participate in shaping key policy engagements with the government.”

That sentiment was shared by Karen Spenley, UK Country Manager of Celsius Energy.

“It’s encouraging to see the REA acknowledge the need for the geothermal sector to find a unified voice to grow and thrive,”said Spenley. “As an underutilised energy source in the UK, we look forward to seeing how the GEF drives awareness, investment and policy development across all aspects of geothermal energy, enabling it to play a greater role in energy resilience and decarbonisation.”

Jon Gluyas, Board Member, National Geothermal Centre (NGC), also welcomed the news.

“It will strengthen and deepen the already great relationship between the NGC and the REA, and together we will continue to support the nascent UK geothermal industry and advocate for appropriate policies from government to improve energy security, energy sustainability and energy equity.”