North America

• 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.

The two companies will initially focus on developing a flagship geothermal project in the Brigham City region, with construction currently targeted to begin in the first quarter of 2027, starting with a 10MW generating capacity with the potential for a phased development of up to 200 MW capacity.

Activities would then broaden to support future development across Utah and the Mountain West, harnessing the region’s significant geothermal potential.

Fulcrum Point Holdings develops, finances, and operates energy generation assets, with a focus on power projects in the Mountain West. The agreement marks an expansion of its energy partnerships into geothermal development alongside its involvement in nuclear energy, advanced manufacturing, and workforce development.

Rodatherm is a geothermal developer, owner and operator whose proprietary Waterless Geothermal Systems technology is designed to support baseload and dispatchable electrical power generation, energy resiliency systems, as well as district heating and cooling systems.

Under the agreement, Fulcrum Point and Rodatherm will lead project development, strategic planning, financing, government and community engagement, and long-term operational planning. Hi Tech Solutions, of which Fulcrum Point is an affiliate, will support plant operations, maintenance and technical services, and help develop the skilled workforce necessary to support the projects. Rodatherm will lead the development of the geothermal resource including project design, permitting, technology deployment and geothermal operations planning. The companies will consult throughout the process with local leaders, stakeholders and community members for feedback.

“Utah’s growing energy needs will require multiple sources of reliable and locally produced power,” said Chris Hayter, president of Fulcrum Point Holdings and co-founder of Hi Tech Solutions.

“This collaboration expands our energy partnerships into geothermal and brings another important technology into the state’s energy ecosystem, which supports Governor Cox’s Operation Gigawatt initiative. By combining Rodatherm’s geothermal expertise with HTS’s engineering, operations, maintenance and workforce capabilities, we can help develop projects that create jobs, strengthen communities and deliver dependable energy for Utah.”

Curtis Cook, president and CEO of Rodatherm Energy Corporation added that the collaboration represents a transformation opportunity for Box Elder County and the State of Utah, delivering energy security that supports Utah’s long-term economic growth.

“Locally, abundant geothermal energy can strengthen business and community resilience, enhance food security through controlled-environment agriculture, and create lasting benefits for future generations,” he said.

• 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: 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: 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: 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.

• Date: 8th July 2026

Dandelion Energy, the geothermal heating and cooling solutions provider, has announced two new homebuilder partnerships with Dream Finders Homes and Ward Communities, with the projects having been awarded US$1.3mn in funding from the Maryland Energy Administration. 

• Region: North America
• Topics: Geothermal
• Date: 8th July 2026

Eavor Technologies has been awarded US$8mn from the Government of Alberta’s Technology Innovation and Emissions Reduction (TIER) fund to support the Eavor-Jules project.

• Region: North America
• Topics: Geothermal
• Date: 8th July 2026

Quaise Energy has raised US$134mn in the initial close of its Series B financing round as it looks to build what it says will be the world’s first commercial superhot geothermal power plant and advance its millimeter wave drilling technology.

“Our ambition is to power civilisation with Earth’s most compelling energy source,” said Carlos Araque, the company’s CEO and President. “This round takes us from field-proven technology to first commercial revenues.”

The Series B financing brings its total funding raised to date to US$230mn.The proceeds will be used to develop Project Obsidian in Central Oregon and continue advancing the company’s millimeter wave drilling system to depths exceeding five kilometres.

The Houston-based company reported that the latest funding round was led by Prelude Ventures, with strategic investments from JERA Co., Inc. and Idemitsu Kosan, two of Japan's largest energy companies.

Nearly all existing investors, including Safar Partners, also participated, it added.

In a statement, Quaise said additional equity and debt financing is expected to close soon, adding further financial firepower to its commercialisation plans.

The company’s drilling technology, developed at the Massachusetts Institute of Technology, uses millimeter waves to ablate rock at depths and temperatures beyond the reach of conventional drilling methods.

Quaise said the approach could access rock temperatures between 300°C and 500°C, allowing geothermal systems capable of rivaling fossil fuel and nuclear power in energy density while matching renewable energy costs.

The company has drilled more than 100 metres through granite at its Central Texas field site in 2025 and is now approaching one kilometre in depth.

According to the Quaise statement, reaching that milestone would represent the deepest penetration achieved using millimeter wave drilling and the deepest ever recorded by any non-contact drilling technology.

Project Obsidian is currently under construction on federal geothermal leases in Oregon’s Deschutes National Forest.

The company believes the project has gigawatt-scale potential and hopes to deliver electricity to the grid by 2030.

Mark Cupta, Managing Director at Prelude Ventures, which supported the latest fundraiser, said the project demonstrates the company’s progress toward commercial deployment.

“What the team has achieved in the field and what they are now building at Project Obsidian validates that conviction, and we are proud to continue supporting Quaise as they move from proving the technology to powering the grid with clean, reliable energy nearly anywhere on Earth,” he said.

• Region: North America
• Topics: Geothermal
• Date: 7th July 2026

A US$63mn geothermal energy project at Fort Sill in Oklahoma is set to transform 1,700 military family homes, demonstrating how ground-source heat pump technology can reduce energy consumption while improving comfort and resilience.

It reflects a rise in interest among the US military in utilising geothermal energy at some of its domestic bases and facilities.

Led by Corvias, the programme will install high-efficiency geothermal heat pumps alongside smart thermostats, upgraded hot water systems and advanced building controls.

The company expects the improvements to reduce annual energy use across the housing community by 57%, delivering more than US$5mn in annual savings.

Corvias Executive Vice President of Investment Management Kyle Miller said the initiative reflects the broader strategy to deploy innovative infrastructure solutions across military communities.

“This project reflects our commitment to innovating at scale for the betterment of military families,” said Miller.

“Through our expanded partner network and Solutions Through Partnerships approach, we are able to address some of the military's most pressing infrastructure and quality of life challenges.”

The project was recently showcased to US Army leaders, congressional representatives and industry partners, who toured manufacturing facilities, drilling operations and completed homes to see the technology in action.

The geothermal systems use stable underground temperatures to provide heating and cooling, reducing HVAC energy consumption by between 40% and 70% compared with conventional systems.

The upgraded homes also incorporate AI-enabled controls that support predictive maintenance, helping improve reliability while reducing maintenance requirements.

The Fort Sill project is being delivered through an Energy Savings Performance Contract (ESPC), allowing the infrastructure improvements to be financed through future energy savings rather than upfront public funding.

Corvias estimates ESPC projects across its portfolio will generate approximately US$61mn in annual savings and more than US$1.7bn over their lifetime.

As one of the largest residential geothermal deployments in US military housing, the Fort Sill project could provide a blueprint for wider adoption of ground-source heat pump technology at military installations and other large residential communities seeking to improve energy efficiency and long-term resilience.

“As we leverage advanced technologies and partnerships to build a more resilient Fort Sill, it is essential for our collective teams to be synchronized through this process to rapidly deliver the enhanced homes our military families deserve and to generate critical savings that can be reinvested back into Fort Sill and our people,” said US Army Col. John Morgan, Fort Sill garrison commander.

• Region: North America
• Topics: Geothermal
• Date: 2nd July 2026

Fervo Energy, NVIDIA, and the Pacific Northwest National Laboratory (PNNL) have reached an agreement to develop a next-generation digital twin platform for EGS technology, known as EGS-Twin.