Latest News

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

Eavor Technologies has been recognised at a recent industry awards ceremony for its work in pushing geothermal energy in Canada.

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

A new study from consulting firm Prognos, commissioned by the German Geothermal Association (BVG), the Bavarian Geothermal Association, and the German Heat Pump Association (BWP), finds that geothermal heat pumps are the most cost competitive solution for heating single-family and multi-family homes.

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

Baker Hughes reiterated its geothermal ambitions in its Q1 2026 results, announced on 23 April, following its involvement in XGS Energy’s New Mexico project.

• Region: Europe
• Topics: Geothermal
• Date: 27th April 2026

Star Energy has signed an agreement for the sale of its Croatian subsidiary IGeoPen to Enna Geo, with the subsidiary holding three Croatian geothermal exploration licenses: Ernestinovo, Sjece and Pcelic.

• Region: North America
• Topics: Geothermal
• Date: 24th April 2026

The US House of Representatives passed the Harnessing Energy At Thermal Sources (HEATS) Act, to expand domestic energy production, cut red tape and secure energy supply chains.

• Region: Europe
• Topics: Geothermal
• Date: 22nd April 2026

Siemens and Vulcan Energy are collaborating to advance the Lionheart lithium and renewable energy project in Germany’s Upper Rhine Valley, Europe's first fully integrated lithium and renewable energy project.
Vulcan Energy has also designated Siemens its preferred supplier of automation and digitalisation technology until 2035.

Backed by the European Investment Bank (EIB), Vulcan’s integrated lithium and renewable energy project adapts existing, commercially proven technology to produce battery-quality lithium from geothermal subsurface brine in the Upper Rhine Valley, to deliver a local source of sustainable lithium for the European battery industry, while generating renewable energy and heat for local communities.

Lionheart targets production capacity of 24,000 tons 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.

Siemens will provide comprehensive automation and digitalisation capabilities through the delievery of end-to-end project solutions from its Xcelerator portfolio – including advanced instrumentation, distributed control systems, digital twin technology, industrial network, IT security and analytics that will enable integrated operations from resource extraction to final production. Siemens will also provide smart infrastructure solutions from across its buildings portfolio. The company is addionally investing in the Lionheart project.

“As both a strategic investor and a key technology partner, we are helping Vulcan Energy establish Europe’s first major sustainable source of lithium,” said Roland Busch, President and CEO of Siemens AG. “With our technology – from advanced automation and digitalisation to smart building solutions – we help to ramp-up production faster. This is essential to create a local lithium supply for our energy transition and a more competitive, resilient and sustainable European industry. It is a powerful example of strengthening growth and competitiveness in line with the Made for Germany initiative.”

“This partnership is an important step in unlocking future opportunities for growth, as we progress toward our goal of decarbonising Europe’s battery supply chain,” commented Cris Moreno, Vulcan’s Managing Director and CEO.

• Region: North America
• Topics: Geothermal
• Date: 21st April 2026

The Colorado Energy Office (CEO) has announced US$12.4mn in funding has been awarded to seven geothermal projects across the state to help support cleaner heating and cooling and electricity development.

• Region: North America
• Topics: Geothermal
• Date: 20th April 2026

EIG has announced the initial closing of EIG Geothermal Catalyst Partners, a development fund focused on investments supporting next-generation geothermal projects in the USA.

• Region: North America
• Topics: Geothermal
• Date: 16th April 2026

XGS Energy and California Community Power (CC Power) have executed a Geothermal Exploration, Offtake and Development Engagement (GEODE) Agreement for the development of next-generation geothermal energy in California.

• Region: Europe
• Topics: Geothermal
• Date: 15th April 2026

Europe risks missing the ‘geothermal revolution’ unless policymakers act to unlock its potential, according to an open letter sent to EU leaders by Future Cleantech Architects and a broad coalition of industry partners.

• Region: North America
• Topics: Geothermal
• Date: 14th April 2026

The U.S. Department of Energy’s Hydrocarbons and Geothermal Energy Office (HGEO) has announced a US$14mn demonstration project in Pennsylvania to support field tests for enhanced geothermal systems (EGS).

• Region: Europe
• Topics: Geothermal
• Date: 13th April 2026

Energy resiliency and security of supply are two driving forces that could add momentum to the geothermal sector across Europe, amid oil and gas price spikes triggered by the Iran conflict in the Middle East.

In the UK, wind and solar blunted the worst of the price shocks in the first four weeks of the current fossil fuel crisis by displacing gas generation, delivering critical cost savings, according to a new report by Ember Energy.

It stated that new wind and solar saved Britain approximately £7mn per day in gas purchases.

The international price of gas surged in March 2026 following the start of the US-Israel war with Iran on 28 February, initiating the second fossil fuel crisis in Europe in just four years, after the Russia-Ukraine conflict.

As a result of new wind and solar capacity, in March 2026 gas power generation was 39% lower than in March 2021.

“The latest fossil fuel crisis proves that wind and solar have already lowered our dependence on gas and delivered genuine savings,” said Josie Murdoch, Energy Analyst, Ember.

“We now need to deploy more renewables and reduce our reliance on volatile gas for good.”

While the report does not explicitly cite geothermal, it claims that Britain is “better insulated” since the 2021-23 energy crisis.

As well as providing ‘unblockadable’ energy, geothermal can also deliver consistent 24/7 baseload power, unlike more intermittent solar or wind, making it attractive in terms of security of supply and resiliency.

Since October 2021, Ember said over 130 wind and solar projects have been delivered — 7.7 GW of new wind power (onshore and offshore, including floating) and 7.6 GW of new solar power.Britain now has close to 55 GW of wind and solar capacity, leading to higher renewable generation and increasingly displacing gas in Britain’s power system, it noted.

More broadly, across the European Union, analysis shows the cost of gas-fired power increased by more than 50% in the first 10 days of the Iran conflict, with some countries, such as Italy, more affected than others.

In a February 2026 report, Ember suggested that geothermal could replace 42% of the EU’s coal and gas-fired generation, providing a stable, ‘always-on’ alternative to fossil fuels for less than €100/MWh – the cost of coal and gas electricity.

“Once restricted to a few geological hotspots like Iceland or Tuscany, modern geothermal is now cost-competitive with gas across much of the continent,” said Tatiana Mindekova, Ember Policy Advisor and author of the February report.

“As Europe seeks to slash emissions while meeting the energy demands of heavy industry and AI data centres, this untapped resource offers a clean, firm power supply that remains insulated from the price volatility of imported fossil fuels.”