North America

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

Sage Geosystems has closed a Series B funding round worth over US$97million to advance its geothermal power generation and energy storage solutions.

• Region: NA
• Topics: Geothermal
• Date: 22nd January 2026

Zanskar, the Salt Lake City–based geothermal exploration company redefining clean energy discovery through artificial intelligence, has raised US$115million in Series C funding, marking a major milestone following a record-breaking year of geothermal discoveries.

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

Ormat Technologies has signed a 20-year Power Purchase Agreement (PPA) with AI provider Switch for the provision of clean renewable energy to serve the data centre industry.

• Region: North America
• Topics: Geothermal
• Date: 12th January 2026

Nasdaq-listed Constellation Energy Corporation has completed the acquisition of Calpine Corporation from Energy Capital Partners (ECP), creating the largest producer of electricity in the US and taking on a portfolio of geothermal assets.

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

The National Association of State Energy Officials (NASEO) has unveiled the NASEO Geothermal Power Accelerator, a new multi-state initiative aimed at fast-tracking geothermal power development across the United States through close collaboration with the private sector

• Date: 8th January 2026

Last month, Fervo Energy closed its oversubscribed US$462mn Series E funding round, led by new investor B Capital, reflecting strong market confidence in the company’s opportunity to make geothermal energy a cornerstone of the 24/7 power future.

• Date: 7th January 2026

The Bureau of Land Management has accepted winning bids on 17 geothermal parcels in Idaho, totalling approximately 68,025 acres for just over US$1.3mn.

• Date: 24th December 2025

The U.S. Bureau of Land Management (BLM) has issued a new policy directing its state offices to conduct competitive geothermal lease sales annually, marking a significant shift from the previous biennial requirement under the Geothermal Steam Act.

• Date: 23rd December 2025

American Critical Resources (ACR), a subsidiary of Controlled Thermal Resources Holdings Inc. (CTR), has signed a non-binding letter of intent with Plum Acquisition Corp. IV, a publicly listed special purpose acquisition company, to pursue a proposed business combination.

• Date: 19th December 2025

Chevron CEO Mike Wirth has outlined a pragmatic yet forward-looking vision for the energy transition, positioning biofuels and geothermal energy as key growth opportunities alongside the company’s core oil and gas business.

• Date: 16th December 2025

The chief executive of Chevron Corp., the US oil major, has spoken of the company’s interest in the USA's growing geothermal sector, among other alternative and renewable energies.

The head of one of the world’s largest oil companies, Mike Wirth acknowledged his interest in everything from carbon capture to hydrogen, as well as geothermal, during a recent industry event.

Wirth was speaking at the recent WSJ CEO Council, and was cited in an article afterwards by the Wall Street Journal newspaper.

During the event, the Chevron CEO touched on various new renewable energy business opportunities, alongside plans to grow its traditional oil and gas activities.

Other major Big Oil corporations, including ExxonMobil, are also actively exploring new and alternative energy technology opportunities, including lithium.

Cited by the WSJ article, Wirth noted that geothermal offers “real promise” despite some of the sector’s drilling methods and technologies only being at an early stage.

According to the article, Wirth said Chevron hopes to leverage its experience “to advance and scale novel geothermal energy, which can potentially allow access to a widespread baseload, non-intermittent resource that can complement and add capacity to meet the world’s growing renewable-power demand.”

Interest in the geothermal energy sector in the USA has been broadly encouraged in recent months by the Trump administration, a keen champion of the nation’s oil and gas industry.

In the WSJ article, Wirth noted that all energy sources — from oil and gas, to coal, nuclear, as well as geothermal and other renewable alternatives — will be in focus against a backdrop of rising global energy demand.

“There’s no silver bullet, we need it all,” he said at the conference, cited by WSJ.

Other major industry players, including traditional drilling and technology service providers to the oil and gas sector, such as Baker Hughes and Saipem, have also expressed an interest in the potential of geothermal energy and are exploring early opportunities.

• Date: 12th December 2025

USA geothermal exploration company Zanskar has announced the discovery of ‘Big Blind’, the first commercial blind geothermal system in the US in over 30 years.