North America

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

The Bureau of Land Management has authorised the Pearl Geothermal Development Project on the public lands of Esmeralda County in Nevada, using an accelerated 14-day environmental review process.

• Date: 30th June 2026

The USA Department of Commerce’s CHIPS Research & Development Office has signed an agreement with I-Pulse for a US$250 million CHIPS R&D award to advance U.S. technology leadership and innovation in novel silicon carbide (SiC) power semiconductors that can operate in extremely harsh environments.

I-Pulse will develop next-generation SiC semiconductors for high-temperature, high-current, high voltage solid-state switches in partnership with industry-leading Federal Laboratories, universities and specialised manufacturers.

By deploying SiC-based power electronics in pulsed-power drills, geothermal and critical minerals mining, drilling can be done more efficiently than conventional methodologies, and at a lower cost.
I-Pulse’s proprietary semiconductor and pulsed-power drilling technology will unlock significant untapped resources of geothermal power within the United States, enabling the next-generation of advanced geothermal power plants in America’s massive hot dry granite formations.

I-Pulse’s silicon-carbide switches will enable unparalleled drilling performance in high-temperature rock conditions. I-Pulse employs high-voltage switches to apply extremely high-power electrical pulses to hot granites and other geothermal formations. These powerful electrical pulses fracture and soften the rock ahead of the drill bit, multiplying drilling speed and vastly extending the life of the drill bit.

“With today’s announced investment, the Trump Administration is strengthening America’s capabilities and enhancing its national and energy security goals,” said Secretary of Commerce, Howard Lutnick.

“I-Pulse's next-generation silicon carbide-based technology is a game-changer for operations in extreme environments," said Bill Frauenhofer, executive director for Semiconductor Investment and Innovation at the Department of Commerce. "I-Pulse’s high-power, high-frequency switches and packaging are engineered to withstand harsh shocks and temperatures, empowering critical industries to push past previous technical limits.”

As part of the deal, the Department of Commerce also received a minority, non-controlling equity stake in I-Pulse, a private US company set up to bring high pulsed-power technology into civilian sectors.

• Region: North America
• Topics: Geothermal
• Date: 25th June 2026

Baker Hughes and Mantle Reach Power have signed a strategic agreement aimed at accelerating the deployment of large-scale geothermal energy projects across North America, with plans targeting up to 500 MW of installed capacity over the next five years.

The collaboration brings together Baker Hughes’ energy technology portfolio and Mantle Reach Power’s geothermal development expertise, supported by EnCap Energy Transition Fund III.

The companies say the agreement is designed to address longstanding challenges that have limited geothermal’s growth, particularly around project financing, risk allocation and pre-construction bankability.

It also reflects mounting interest in the geothermal space among the major traditional oil and gas service industry giants.

Under the arrangement, Baker Hughes will serve as an integrated subsurface solutions provider, while Mantle Reach Power will lead project development, ownership and financing.

The partners believe the model will help streamline project execution and create a repeatable framework for scaling geothermal energy deployment.

Lorenzo Simonelli, Chairman and CEO of Baker Hughes, said the agreement represents a significant step forward for the sector.

“Geothermal is a clean power solution that is proving to be a vital contributor to advancing sustainable energy development, with incredible potential to enhance U.S. energy security, support digital infrastructure, and ensure energy remains accessible and affordable,” he said.

“Today’s announcement celebrates the commercial architecture the industry has been missing: a repeatable, financeable model that can be deployed at the speed and scale to meet global energy demands.”

The agreement comes amid growing demand for reliable, around-the-clock power driven by electrification, artificial intelligence and hyperscale computing.

The companies believe geothermal energy is well placed to provide clean, firm baseload power to support these and other emerging needs.

As projects advance, Baker Hughes expects to provide a range of subsurface technologies, surface power generation systems and digital solutions intended to reduce development risk and support the delivery of geothermal power at an industrial scale.

Tim Rebhorn, Managing Partner at EnCap Energy Transition, said the partnership also tackles key barriers that have historically constrained investment in geothermal projects.

“By aligning development capital, project finance expertise and world-class technology, this collaboration addresses the fundamental challenges that have prevented large amounts of private capital from participating in geothermal deployment,” he said.

Nick Karambelas, CEO of Mantle Reach Power, added that the structure would help unlock conventional project financing and support the company's own expansion as an independent power producer.

“Integrating Baker Hughes’ subsurface-to-surface expertise with our capabilities in project development, finance and execution positions Mantle Reach Power to commercialise geothermal assets at scale,” said Karambelas.

• Date: 23rd June 2026

Gradient Geothermal, a leader in modular geothermal power and thermal management solutions, has teamed up with T5 Smackover Partners to advance integrated geothermal and lithium production in East Texas by providing its patented HXC Geothermal System for T5's phase one integrated geothermal project.

T5 Smackover Partners is a vertically integrated energy company in the Texas Smackover region — a resource basin with some of the highest brine reservoir temperatures and mineral concentrations in the Americas. Its mission is to expand geothermal baseload energy projects production and clean lithium extraction.

The collaboration brings together Gradient's modular geothermal technology and T5 Smackover Partners' integrated approach to developing geothermal energy from the Smackover Formation's geothermal brines.
Gradient's HXC Geothermal System will utilise the thermal energy contained in the project's produced working fluid brine, providing an integrated solution that supports both heat management and geothermal power generation. By combining geothermal power technology with direct lithium extraction, the project represents a new model for producing critical minerals while producing baseload electrons and reducing the development's overall environmental footprint, delivering reliable energy, strengthening U.S. critical-mineral supply chains and creating economic value for East Texas communities.

"This project demonstrates what is possible when geothermal energy, geothermal brines, and critical-mineral production are designed as one integrated system," said Ben Burke, Chief Executive Officer of Gradient Geothermal. "T5 is developing an innovative energy project, and we are proud that Gradient's HXC technology will help convert the Smackover's substantial subsurface heat into a productive baseload energy resource."

"We believe the future of the Smackover is about maximizing the value of the geothermal brine it can produce," said Cole Fisher, President and Co-Founder of T5 Smackover Partners. "By integrating Gradient's modular geothermal technology alongside our phase one production, we're creating a more efficient project that generates both baseload electricity from the same resource. This is exactly the type of innovation needed to strengthen domestic supply chains and establish East Texas as a leader in the next generation of geothermal energy."

• 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: 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: 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.

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

Tekcapital Plc, the UK intellectual property investment group, has announced the formation of its fifth portfolio company Vesari Inc, a new U.S. incorporated company (Vesari.ai) set up to acquire, develop and commercialise generative AI intellectual property in the field of geothermal-powered hyperscale data centres.