Dig Energy, a New Hampshire-based startup, has raised US$5mn in venture funding to bring its compact geothermal drilling technology into pilot deployment.
Baker Hughes and Controlled Thermal Resources have entered into a definitive agreement for the development of up to 500MW of baseload geothermal power at the Hell’s Kitchen site in California.
The Bureau of Land Management (BLM) has announced it will host a competitive geothermal lease sale on October 21, 2025, featuring 113 parcels that cover a combined 377,678 acres across multiple Nevada counties, including Churchill, Esmeralda, Elko, Eureka, Humboldt, Lander, Lyon, Mineral, Nye, Pershing, and Washoe.
The St. Kitts and Nevis geothermal power project is inching forwards as some of the industry’s top names compete to take part in drilling work, which is set to commence next year.
The 30-megawatt geothermal plant, once operational, is expected to provide baseload renewable energy for both Nevis and St. Kitts, delivering cleaner, more affordable electricity and advancing the Federation’s goal of true energy independence.
The Organisation of Eastern Caribbean States Commission (OECS) confirmed recently another major milestone in the journey with the official opening of bids for the production drilling phase.
A total of five bids from internationally recognised firms were received for the initiative on Nevis, including from some well-known industry players.
The five companies that submitted bids are:
Iceland Drilling Company (Iceland)
Marriott Drilling (UK)
Consortium Drilling (UK)
Ormat Technologies Inc. (USA)
IPS-USA (USA)
Drilling to produce geothermal energy to drive an electric turbine at Hamilton Estate is expected to begin in early 2026 following the awarding of the contract to the successful bidder, the OECS reported.
The strategic energy project has received international funding from a variety of lenders and donors including the Caribbean Development Bank, the Inter-American Development Bank, and the Saudi Fund for Development, reflecting its significance for the country and the whole region.
St. Kitts and Nevis will become the third OECS member state to develop a geothermal power plant, following Dominica’s planned inauguration of a 10-megawatt plant in the Roseau Valley at Christmas 2025.
Guadeloupe has been producing about 5% of its electricity from geothermal sources since 1986.
Baker Hughes, a global energy technology company, has secured an award from Fervo Energy Company, a pioneer in next-generation geothermal energy, to design and supply equipment for five Organic Rankine Cycle (ORC) power plants at Fervo’s Cape Station project near Milford, Utah, United States.
Ormat Technologies has signed a strategic commercial agreement with Sage Geosystems, marking a significant milestone in Ormat’s pursuit of innovative energy solutions.
Ormat Technologies, Inc., a prominent geothermal and renewable energy company, has announced the signing of a 25-year extension to its existing power purchase agreement (PPA) with the Southern California Public Power Authority (SCPPA).
TGS, a global leader in energy data and subsurface intelligence, has unveiled a new series of Basin Insight Reports designed to support operators, analysts, and investors in navigating North America’s rapidly evolving energy landscape—estimated to be worth over US$2tn.
These reports combine rich geological data with production trends and economic performance, offering a holistic perspective on basin development dynamics.
Built on TGS' extensive multi-client library, the reports integrate geological, geophysical, and well data to provide in-depth analysis that goes far beyond surface-level observations. The result is a data-driven tool that helps energy professionals better understand what’s driving performance in specific basins—blending insights from the subsurface with real-time production metrics, drilling costs, and operator strategies.
The first in the series explores the differences between the established Legacy Haynesville and the up-and-coming Western Haynesville—often referred to as “Waynesville”—which includes Robertson, Limestone, Freestone, and Leon counties in Texas. This analysis highlights the competitive nature of Waynesville’s well performance and its untapped growth potential, especially when compared with the more mature Legacy Haynesville. One key element that stands out in the Western region is the infrastructure challenge, particularly regarding midstream capabilities required to fully exploit the high-pressure, deep gas reservoirs found there.
David Hajovsky, EVP of Multi-Client at TGS , said,“What we're seeing in the Western Haynesville is a play rapidly approaching Legacy economics, but the infrastructure bottleneck means timing is everything". He also added, "Our Basin Insights Reports provide the integrated view needed to navigate both the geological potential and the logistical realities."
The Basin Insight Reports are structured to support continuous learning and evaluation across various regions. Each edition will focus on a specific basin and provide actionable intelligence to identify high-value drilling opportunities and guide capital allocation. Where available, the reports will be further enhanced by TGS’ vast onshore seismic data, offering greater subsurface clarity and supporting more accurate forecasting.
As TGS expands its onshore seismic acquisition across key basins, the insights offered through these reports are set to grow deeper and more precise, adding even more value for stakeholders across the energy ecosystem. These reports are designed not just for operators and investors, but also for media, analysts, and market commentators looking for reliable, in-depth understanding of changing basin dynamics.
With Basin Insight Reports, TGS positions itself as a critical partner in the energy transition—delivering the kind of integrated, intelligent analysis required to make informed decisions in a fast-moving, high-stakes environment.
Enhanced geothermal energy is poised to power the future of Artificial Intelligence (AI), according to a new white paper by Fervo Energy.
AI requires huge amounts of energy, but is advancing faster than the power grid can support, which poses one of the central dilemmas to its ongoing roll-out.
Leading voices in the field now acknowledge that AI’s growth will be limited by the availability of reliable energy, the white paper notes.
In a 2025 Senate hearing, OpenAI CEO Sam Altman noted that “the cost of AI will converge to the cost of energy… the abundance of [AI] will be limited by the abundance of energy.”
According to Fervo Energy, the timing is becoming urgent.
Even conservative projections show electricity demand from data centres growing faster than new power generation can come online.
While some developers have turned to nuclear and natural gas to supply data centres with needed firm power — such as Microsoft’s restart of the Three Mile Island nuclear facility or ExxonMobil’s plans for new gas plants — those options face limits in availability, long timelines and supply chain constraints.
“The speed and scale of Enhanced Geothermal Systems (EGS) make the technology uniquely positioned to power data centres before 2030,” Fervo Energy notes.
The white paper goes on to outline the advantages of why EGS is a reliable, clean and scalable solution that can meet the gigawatt-scale power needs of modern data centres.
They include:
Economies of scale: Bigger data centre clusters require bigger power plants, offering a fit with EGS because cost per megawatt declines as project size increases.
Abundant resources: Reports from the National Renewable Energy Laboratory and the US Geological Survey identify hundreds of gigawatts of untapped EGS resource potential across the country.
Speed to market: Standardised, modular plant designs make it possible to complete projects in as little as 18 months.
Utah stands out as the optimal starting point for the first enhanced geothermal-powered data centre cluster, the company adds.
“The state has high geothermal resource potential, supportive permitting policies, and strong community and commercial engagement. Utah already hosts gigawatts of data centre capacity and is one of the fastest-growing tech hubs in the US.”
It is also home to the Department of Energy’s FORGE research site, three operational geothermal plants, and the site of Fervo Energy’s Cape Station, the largest EGS development in the world.
“By pairing EGS development with the rapid growth of data infrastructure, regions like Utah are positioned to deliver the reliable, clean, and domestic energy supply needed to support continued AI leadership,” Fervo Energy adds.
AirJoule Technologies Corporation, a leader in atmospheric water generation, has announced plans to deploy its AirJoule system in Hubbard, Texas.
The Department of Defense continues to lay the groundwork for the deployment of new geothermal technology across military installations to support increase power generation.
In a recent LinkedIn update, Ignis H2 Energy Inc. announced that Chugach Electric Association, Alaska’s largest electric utility, has issued a non-binding Letter of Interest (LOI) to pursue a potential Power Purchase Agreement (PPA) for up to 200 megawatts of baseload geothermal power.