Latest News

• Region: North America
• Topics: Geothermal
• Date: 29th July 2026

A new collaboration between Fulcrum Point Holdings and Rodatherm Energy Corporation is set to boost the development of next-generation geothermal energy projects in Utah.

• Region: Europe
• Topics: Geothermal
• Date: 29th July 2026

Arverne has announced the successful completion of its EUR€70mn issuance of ORANEs, representing a major milestone in the Group's financing strategy

• Region: North America
• Topics: Geothermal
• Date: 29th July 2026

North America’s geothermal sector is entering a major growth phase, driven by technology advances, new funding and fast-rising demand for reliable, low-carbon electricity, as well as to boost energy security.

According to recent reports from the US Department of Energy (DoE) and the National Laboratory of the Rockies (NLR), the United States currently has around 4 GW of installed geothermal capacity, primarily concentrated in California and other western states.

However, while it remains a relatively small contributor to the overall energy mix, next-generation technologies such as Enhanced Geothermal Systems (EGS), growing commercial investment and supportive policy measures are accelerating development and expanding the sector’s long-term potential.

New report reviews developments

Geothermal Transition Network has issued a new report entitled 2026 Geothermal Case Study Review: North America which:

• Examines the evolving policy and market landscape across the USA and Canada, highlighting the growing role of geothermal in supporting energy security, decarbonisation and grid resilience.

• Explores the rapid development of emerging technologies, including EGS, Advanced Geothermal Systems (AGS) and other innovative solutions that could expand the geographical reach and commercial viability of geothermal energy.

• Assesses the increasing participation of major technology companies, government agencies and institutional investors, with growing demand from data centres, military installations and corporate power purchasers helping to drive new projects.

• Discusses the financing landscape, including the emergence of large-scale project finance transactions and increasing lender confidence as geothermal moves towards becoming an established infrastructure asset class.

• Reviews the competitive landscape, profiling leading developers, technology providers, oilfield service companies and equipment suppliers supporting the industry's expansion across North America.

• Highlights Canada’s geothermal ambitions, examining the country's substantial resource potential alongside the policy, regulatory and investment challenges that must be addressed to accelerate commercial deployment.

• Identifies emerging opportunities beyond electricity generation, including hybrid renewable systems, critical mineral extraction from geothermal brines, flexible grid services and energy solutions for rapidly expanding AI-driven data centres.

The report concludes that geothermal energy is steadily transitioning from an emerging technology to a commercially scalable source of firm, always-on clean power.

While high drilling costs, resource uncertainty and permitting challenges remain significant barriers, continued technological innovation, supportive policy frameworks and expanding private investment are expected to strengthen the sector’s outlook.

If these structural challenges can be addressed, North America is well positioned to establish a robust geothermal industry capable of delivering secure, reliable and low-carbon energy for decades to come.

Download the report

The report can be downloaded here

• Region: Europe
• Topics: Geothermal
• Date: 28th July 2026

Vulcan Energy has announced the start of civil construction work at the 30 MW Lionheart geothermal power plant site in Landau, Germany.

Civil activities follow early bulk earthworks on the site and precede the next construction stage which will see the erection of buildings and arrival of process equipment for assembly.

“We are delighted to move beyond preparatory bulk earthworks and into civil construction activities at our Lionheart geothermal power plant — an integral part of the Lionheart integrated lithium and geothermal project,” said Vulcan’s Managing Director and CEO, Cris Moreno.

Located in the Upper Rhine Valley Brine Field between Germany and France, Lionheart — Vulcan’s first phase of production — is an important project for Europe’s energy and critical raw material resilience.

It involves the construction of an integrated lithium and renewable energy project targeting production capacity of 24,000 tonnes of lithium hydroxide monohydrate (LHM), enough for around 500,000 electric vehicle batteries per annum, with a co-product of 275 GWh of renewable power and 560 GWh of heat per annum for local consumers, over an estimated 30-year project life.

Current civil construction activities include preparation and construction of key foundations and concrete works for the power plant buildings and equipment, and building out road infrastructure.

“By producing our own baseload heat and power, where excess heat will be sold to local consumers, Lionheart is able to deliver low-cost lithium production with significant insulation from high energy prices now and in the future,” said Moreno.

Lionheart’s combined geothermal and lithium extraction facility has been designed to produce both renewable, baseload geothermal energy and high-quality lithium chloride intermediate product for downstream processing.

The commercial site, sitting on approximately 10 hectares, is under construction in the Messegelände Südost industrial park in Landau.

Both the lithium extraction and the geothermal energy plants will be connected to a network of pipelines and cables transporting lithium brine and industrial water from the well sites to Landau and back to the well sites for underground re-injection.

“It is encouraging to see Lionheart project execution progress on time, and on budget – a great start with our project partners,” said Moreno.

“Step by step, we are building cost competitive lithium production for Europe, and we look forward to keeping our shareholders abreast of further progress as the project develops.”

• Region: North America
• Topics: Geothermal
• Date: 28th July 2026

IHI Power Services Corp, a leading power plant operator in the US, has been rebranded as Kyuden Energy Partners following its acquisition by Japan’s Kyuden Group.

Kyuden owns a diversified portfolio of generation, transmission and distribution assets, including nuclear, thermal, hydro, geothermal, wind, solar, battery storage and biomass.

“This is the beginning of an exciting and prolific new chapter,” said Tony Dabbene, CEO of Kyuden Energy Partners. “Kyuden International’s backing strengthens our organisation, broadens our reach and deepens the resources behind every project we take on.”

Kyuden itself is a wholly owned subsidiary of Kyushu Electric Power Company, one of Japan’s biggest electric utilities, and a cornerstone of the country’s energy infrastructure for more than 70 years.

The acquisition brings to Kyuden Energy Partners huge additional depth in terms of institutional knowledge and capital resources at a key time for the US energy market.

US electricity demand is projected to reach record highs in 2026, driven by an AI-fuelled surge in data centre construction forecasted to more than double grid power needs by 2027, according to Goldman Sachs Research.

Ageing infrastructure and accelerating renewable integration are also straining grid reliability, and per the Electric Power Research Institute (EPRI), data centres alone could consume up to 9% of total US electricity generation by 2030, up from just 4% in 2023.

Geothermal energy is seen as a potential solution to this growing need, among many other energy solutions.

A Kyuden Energy Partners statement said that its formation reflects growing international confidence in the US power sector with foreign direct investment into US utilities reaching US$16bn in 2024.

“For Kyuden International, this goes beyond capital deployment — it is a deliberate, long-term commitment to the American energy market, and the Kyuden Group's first dedicated investment in US operations and maintenance (O&M),” the statement read.

“It is a signal that the future of energy infrastructure will be shaped by partnerships that cross borders."

IPSC came into thenew alliance with one of the most versatile O&M platforms in the country, managing a diverse portfolio of natural gas, biomass, hydro, coal, battery energy storage systems (BESS), wind, solar facilities and more.

Capabilities run the gamut from O&M to asset management, regulatory compliance and technical support across every phase of power generation, from construction through decommissioning.

“The United States sits at the centre of the global energy transformation, and Kyuden Energy Partners gives Kyuden International a truly exceptional platform from which to grow and contribute,” said Takashi Mitsuyoshi, CEO of Kyuden International Corporation and Executive Officer of Kyushu Electric Power Company.

“We bring the operational precision and strategic discipline of the Kyuden Group to a team that has already proven itself as one of the most trusted power plant operators in America. This represents our first investment in an O&M business in the United States, and with it, we are committed to building a dynamic, long-standing partnership designed for the power generation demands of the future and to empowering Kyuden Energy Partners to reach its full potential."

• Region: North America
• Topics: Geothermal
• Date: 23rd July 2026

XGS Energy has appointed two new senior leaders to help deliver key geothermal infrastructure projects across the US.

• Region: North America
• Topics: Geothermal
• Date: 23rd July 2026

Legislation led by Colorado Democrats will take effect on August 12^th to make energy and utility costs more affordable for families by improving energy assistance programmes and boosting geothermal development.

• Region: Europe
• Topics: Geothermal
• Date: 20th July 2026

The European Geothermal Energy Council (EGEC) has welcomed the publication of the European Commission’s Electrification Action Plan, but has expressed surprised that the Geothermal Action Plan was not published alongside it.

• Region: North America
• Topics: Geothermal
• Date: 17th July 2026

Kaishan USA, a major producer of air compressors, has unveiled Terravanta Power Systems, its new geothermal power generation company, during a groundbreaking ceremony for a manufacturing site in Loxley, Alabama.

• Region: Europe
• Topics: Geothermal
• Date: 16th July 2026

CeraPhi Energy has announced the signing of a strategic agreement with Star Energy that will enable the transition of legacy oil and gas wells into geothermal energy centres across the UK.

• Region: North America
• Topics: Geothermal
• Date: 15th July 2026

Japan's largest power generation company, JERA Co., Inc. (JERA) has spoken up on its recent investment in Houston-based Quaise Energy, a growth-stage developer of next-generation superhot geothermal technology.

• Region: Europe
• Topics: Geothermal
• Date: 9th July 2026

OMV and Energie Steiermark are teaming up to advance their deep geothermal energy project in Styria, southeastern Austria

At a joint event, the two companies presented ‘Tiefenkraft’ — an initiative to assess the region’s geothermal potential.

In the long term, this could deliver up to 670 GWh of geothermal energy annually by 2037, equivalent to around 50% of the district heating supply in the greater Graz area.

Crucially, the project is set to move into its next phase, with exploration drilling planned for late 2026, bringing a major geothermal heating source for Graz closer to reality.

Between February and April 2026, a seismic survey was carried out along 900 km of roads used as measurement lines. The data will form the basis for a detailed subsurface model as well as for the next project phases.

Berislav Gašo, OMV Executive Vice President Energy, said harnessing geothermal energy is key to securing an independent, climate-neutral heat supply in Austria.

“With our expertise in geology, drilling technology and project development, we are making a vital contribution to a joint assessment of the region’s geothermal potential with Energie Steiermark and helping lay the foundation for a sustainable heat supply.”

The next major step is a planned exploration well, Petersdorf 2, in St. Marein near Graz, with drilling expected to begin in the fourth quarter of 2026.

Preparatory work will begin in September 2026, with drilling currently scheduled to begin by the end of the year, subject to permitting and the completion of the drilling site construction.

The drilling and subsequent testing phase are expected to take around three to four months and will provide further insights into the geothermal potential and geological conditions.

If the results are positive, the next investment decision will cover the development of a first geothermal doublet — comprising one production and one injection well — along with comprehensive testing.

In parallel, two possible additional wells are planned to assess the feasibility of an Aquifer Thermal Energy Storage (ATES) system, enabling surplus heat to be stored underground and used seasonally.

During this period, planning and groundwork for a pipeline connection to the city of Graz will also take place.

A final decision on full implementation — including all production and injection wells, the construction of the pipeline connection to the district heating network and the installation of surface facilities — will be taken after completion of comprehensive testing, the two companies said.

First heat delivery could begin as early as 2030, the two companies reported.

“With ‘Tiefenkraft’, together with OMV we are taking a decisive and forward-looking step for the heat supply in Styria,” said Martin Graf and Werner Ressi, members of Energie Steiermark’s management board.

“This project represents the largest single investment in the history of Energie Steiermark and combines the expertise of two strong partners across the entire value chain. Deep geothermal energy is a key building block of the heat transition and will enable a significant share of Graz’s district heating to be supplied in a climate-friendly and regional way in the future.”