Latest News

• Region: Asia Pacific
• Topics: Geothermal
• Date: 18th June 2026

Baseload Power Taiwan  and CPC Corporation, Taiwan (CPC) have signed an MoU to accelerate geothermal development in the country through CPC’s local expertise and Baseload’s international geothermal experience. 

• Region: All
• Topics: Geothermal
• Date: 18th June 2026

News Sources Energy has signed a term sheet regarding the proposed strategic investment of geothermal drilling specialist Hydro Drilling. 

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

Seattle-based Endurance Energy has completed a US$54mn fundraiser to progress its plans to develop subsea geothermal power.

The company announced a US$54mn Series A fundraising, led by Founders Fund, in a post published on its Linkedin social media account.

“Our subsea geothermal systems are engineered to deliver gigawatts of always-on, zero-emission power, faster and cheaper than conventional sources,” the statement noted.

“This funding enables us to transition from prototype to full-stack systems and scale our offshore operational capability.”

Alongside Founders Fund, it welcomed new investment from Felicis, Voyager Ventures, Riot Ventures and Construct Capital, as well as continued support from Point72 Ventures, First Round Capital and Ascend.

Presenting its case for subsea geothermal, it noted that most of the world's baseload power still comes from burning fossil fuel, with demand set to climb sharply as AI and re-industrialisation come online.

For many coastal regions around the Pacific, it noted, offshore geothermal represents a completely untapped source of firm, clean power, abundant enough to displace imported diesel and carry baseload at multi-gigawatt scale.

Despite the complexities and challenges involved, it offers a real, long-term solution to rising energy demands.

“Mating a generator to an over 300°C drilled well, holding it on the seafloor for years at a time at depth and pressure, and recovering it for service is hard, but none of it requires new physics,” the company said in its statement.

“The drilling, turbines, and subsea hardware all exist in adjacent industries, and Endurance is integrating them into a single unit you can deploy, operate, and recover on the seafloor.”

It also referenced its “SpaceX heritage” which enables a pace of development that is “unprecedented” for new energy projects.

“In just the past year, we've completed four prototype deployments to deep sea volcanic systems at depths up to 3,300 metres and hydrothermal temperatures up to 386°C, and we're on track to deploy our 100kW 'Adelie' generator to the Juan de Fuca ridge this Fall,” the company said.

Adelie is its first end-to-end system: drilling, generation and offtake in a single deployable unit, powering a co-located subsea compute module and connected to shore via fibre optic cable.

“We build, deploy, learn from real-ocean conditions, and turn the hardware around faster every cycle, with a line of sight to delivering power to the grid in the next two years.”

From its Seattle base, on the north Lake Union waterfront, it can load seafloor drills and generators directly onto vessels that carry them to sea and to where they are required.

In its statement, it also referenced the Endurance Energy leadership team that has scaled multi-billion dollar businesses, built leading-edge energy projects and implemented national energy policy and called on others to join what it termed “a well-capitalised, world-changing energy project with a profoundly kind and talented team operating at full-tilt.”

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

Seequent, The Bentley Subsurface Company, and the Cascade Institute have announced a collaboration to develop a state-of-the-art model — The Canadian Thermal Model — aimed at further understanding the nation’s geothermal potential.

The model will integrate over 20 input layers of geoscientific data related to geothermal energy to evaluate Canada’s nationwide deep heat resources, the group said in a statement.

“Canada has a significant opportunity to advance geothermal when the need for reliable, always-on clean energy has never been greater,” said Jeremy O’Brien, Energy Segment Director, Seequent.

“Realising that potential starts with greater subsurface certainty and making data accessible to key stakeholders. Combining this access with best-in-class geophysics enables more accurate mapping of heat at depth. The Canadian Thermal Model brings these elements together to create a national view of deep geothermal resources, helping to reduce risk, guide investment, and accelerate development.”

As investment in geothermal energy surges globally as a reliable, always-on clean power source, the Canadian Thermal Model aims to create a comprehensive national view of deep heat resources using novel machine learning methods to address a long-standing challenge for the sector: limited subsurface data coverage.

Seequent is providing access to its world-leading geophysics software to accelerate research into the Earth’s subsurface.

This initiative advances knowledge of Canada’s geothermal energy reserves by integrating geologic and geophysical datasets into InterPIGNN machine learning algorithm for deep heat modelling.

By improving confidence in where geothermal resources are located, the model provides a critical foundation to inform investment, policy planning, and project development nationwide.

The Cascade Institute, a think tank at Royal Roads University, will lead the project through its Deep Geothermal programme.

“Canada has world-class subsurface expertise and a growing opportunity to lead in geothermal,” said Thomas Homer-Dixon, Executive Director of the Cascade Institute.

“This project will provide a foundational resource to demonstrate the technical and economic viability of geothermal energy at scale.”

The Canadian Thermal Model reflects a broader industry shift toward data-driven geothermal development, including next-generation technologies and national-scale resource assessment.

It also underscores the growing importance of partnerships between research institutions, technology providers and the wider energy sector to scale geothermal from opportunity to infrastructure.

Seequent supports more than 60% of the world’s geothermal power generation, with experience spanning next-generation projects such as Fervo Energy’s Cape Station in Utah, and long-established operations including Ormat’s global footprint, reflecting deep expertise that drives the sector forward.

• Date: 11th June 2026

Ormat Technologies has introduced Ormega100, a revolutionary new surface power generation unit designed to deliver higher output than other binary solutions currently on the market, marking an accelerated opportunity to commercialise and scale its EGS developments. 

• Region: North America
• Topics: Geothermal
• Date: 11th June 2026

Fervo Energy has promoted Sarah Jewett to Chief Operating Officer, where she will take leadership of the company’s corporate operations and help create the infrastructure required to execute ‘the most significant commercial opportunity for clean, firm power in history’. 

• Region: Europe
• Topics: Geothermal
• Date: 10th June 2026

The European Geothermal Energy Council (EGEC) has joined a new Europe-wide initiative that will work on digital and energy solutions for data centres.

On 3 June 2026, the European Commission (EC) published a Strategic Roadmap for Digitalisation and AI in the energy sector.

The roadmap aims to accelerate the rollout of digital solutions, including European artificial intelligence (AI) infrastructure, in important areas relating to the decarbonisation process, such as electricity grid optimisation, energy efficiency in buildings and industry and demand-side flexibility.

It also addresses the increasingly heavy energy consumption of data centres and how they can be more sustainably integrated into the energy system, as well as the need to implement safeguards to mitigate potential challenges linked to the large-scale deployment of AI solutions in the energy sector.

As interest in AI intensifies, and tech companies roll out new data centre infrastructure, the race is on to secure dependable energy supplies in order to meet demand.

In the framework of the roadmap, EGEC reported that it is involved in a new initiative that aims to support collaboration among European industry associations to foster the sustainable integration of data centres in the energy system.

“This will be done through the definition of an EU model for tripartite agreements between data centre operators, energy-related parties and public authorities,” it noted in a statement.

“Based on numerous examples around the world, we can see that geothermal energy is increasingly being utilised by data centre operators,” it added.

The benefits of geothermal solutions include continuous 24/7 electricity generation, highly efficient geothermal cooling solutions and underground thermal energy storage.

“So there is huge potential for geothermal companies to get more involved in meeting the energy needs of data centres,” the EGEC statement added.

Also on 3 June, EGEC participated in a signing event in Brussels, which was hosted by the European Commissioner for Energy and Housing, Dan Jørgensen.

• Region: North America
• Topics: Geothermal
• Date: 9th June 2026

Calpine has announced the completion of a 25 MW expansion project at The Geysers geothermal complex in Sonoma County, California.

The addition builds on continued investments in The Geysers over decades and follows the completion of a 38 MW energy storage system at the site in 2024.

The new capacity will generate enough electricity to power over 25,000 homes each year, according to Aimee Blaine, Senior Vice President of Calpine's geothermal region.

“As California's electricity demand continues to grow, investments in reliable, around-the-clock renewable energy are more important than ever,” said Blaine.

“The Geysers is one of the nation's most important geothermal resources, and this expansion reflects our commitment to strengthening grid reliability while advancing California’s clean energy goals.”

For over 65 years, The Geysers has provided clean, geothermal energy across California, and is operated by Calpine, a unit of Constellation Energy Corporation, a Fortune 200 company headquartered in Baltimore and the nation's largest producer of clean energy.

Of the 25 MW expansion, 18 MW will be directed to Clean Power Alliance (CPA), a locally operated, not-for-profit electricity provider which serves customers across Southern California, providing reliable, around-the-clock renewable power as demand for clean electricity continues to grow.

The remaining 7 MW, which was brought online last year, is being supplied to MCE to support Bay Area residents and businesses.

“Clean Power Alliance is committed to delivering dependable clean energy to our customers, and geothermal power plays an important role in providing around-the-clock renewable electricity,” said Matthew Langer, Chief Operating Officer, Clean Power Alliance.

“Partnerships like this strengthen California's clean energy future while supporting a more resilient and sustainable grid.”

• Region: North America
• Topics: Geothermal
• Date: 3rd June 2026

Geothermal specialist Enertech Global celebrated its 30th anniversary on June 2, 2026 — a true pioneer of the industry in the USA.

Founded in 1996 in Greenville, Illinois, it is a leading manufacturer and distributor of ground-source heat pumps for geothermal HVAC applications and air-source heat pumps for hydronic HVAC applications.

The company puts its success down to a track record of innovation, perseverance and an unwavering commitment to customers, partners and its team members.

What began in 1996 as a successful distributor of geothermal heating and cooling systems throughout the Midwest has now grown into an internationally recognised manufacturer known for engineering excellence and industry-leading innovation.

“As thankful and appreciative as I am for the past, I cannot help but be even more excited about our future,” said Tim Wright, CEO.

“The talented people who call Enertech home continue to inspire me every day. This team has already demonstrated what is possible through passion, creativity and hard work — and we are just getting started.”

Over the past three decades, Enertech has challenged convention and redefined what is possible within the HVAC and geothermal industries.Fuelled by the curiosity, ingenuity, and determination of its team members, the company has achieved groundbreaking milestones, including:

• Developing the industry's first multi-position packaged geothermal unit
• Manufacturing the first variable-speed water-to-water geothermal system made in the USA
• Introducing NIBE's advanced air-to-water heat pump technology to the US and Canadian markets
• Expanding innovative applications for residential, commercial, and mixed-use developments through creative engineering and system integration

Today, Enertech is positioned to help shape the future of sustainable heating and cooling by delivering affordable, energy-efficient solutions for homes, businesses, and communities across North America and beyond, according to Wright.

“Without question, we have the best group of talented team members in the industry,” he said.

“Together, we are building something truly special. As we celebrate 30 years, we also look ahead with excitement and confidence toward the next 30 years of making our mark on this incredible industry.”

• Region: Europe
• Topics: Geothermal
• Date: 3rd June 2026

Geothermal is increasingly in the spotlight as policymakers and strategists search for solutions to the continent’s energy supply challenges.

• Region: Asia Pacific
• Topics: Geothermal
• Date: 1st June 2026

Earth Sciences New Zealand and Ara Ake, New Zealand’s energy innovation centre, have released the 2026/2027 Geoheat Action Plan designed to rapidly grow the use of geothermal heat throughout the country.

• Region: North America
• Topics: Geothermal
• Date: 31st May 2026

Geothermal may hold the answer to building out the energy required as Canada accelerates toward an ‘age of electricity,’ according to Tim Weber, Co-Founder and CEO of Diverso Energy.