North America

• Region: North America
• Topics: Geothermal
• Date: Jan, 2025

The US Department of Energy’s Loan Programs Office (LPO) has announced a conditional commitment to EnergySource Minerals LLC (ESM), via subsidiary SPV ESM ATLiS LLC (ATLiS) for a direct loan of up to US$1.36bn for the construction and operation of the ATLiS facility in Imperial County, California, which will produce lithium hydroxide from geothermal brine.

• Region: North America
• Topics: Geothermal
• Date: Jan, 2025

Driven by a commitment to work in partnership with indigenous communities to advance the clean energy transition, the Government of Canada has announced it will supply over CAD$2mn in geothermal funding.

• Region: North America
• Topics: Geothermal
• Date: Jan, 2025

A hotbed of energy with frequent volcanic occurrences, the Clear Lake Volcanic Field (CLVF) in Northern California that extends 300 sq miles, is an ideal site for geothermal development. 

• Region: All
• Topics: Geothermal
• Date: Jan, 2025

While solar and wind continue to primarily lead the global energy transition, new energies are also spicing up the mix, with geothermal gaining much traction. As administrations across the globe are announcing funding and studies on this area, its adoption is, however, still at a nascent stage.

• Region: North America
• Topics: Geothermal
• Date: Jan, 2025

While geothermal developments in America have been in the picture ever since the 19th century, they were mostly driven by steam power. The recent ones are being increasingly capacitated by binary cycle, which means the heating of a secondary fluid to gear a turbine. 

• Region: North America
• Topics: Geothermal
• Date: Jan, 2025

The FY25 Phase 1 Release 2 Notice of Funding Opportunity was recently released on 27 December 2024 by the US Department of Energy's Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) Programmes.

• Region: North America
• Topics: Geothermal
• Date: Jan, 2025

Leader in next-gen geothermal development, Fervo Energy recently announced that it has secured US$255mn in funding which comprises both opportunistic corporate equity and new debt financing.

• Region: North America
• Topics: Geothermal
• Date: Jan, 2025

The Caribbean Development Bank (CDB) has approved a US$34.8mn loan to the Government Power Company (GPC) of Dominica for the construction of a 10MW geothermal power plant in a bid to strengthen the region’s energy security, reduce the production costs of electricity, and lower carbon emissions within the sector.

• Region: North America
• Topics: Geothermal
• Date: Jan, 2025

As the world faces growing energy demands due to the rise of artificial intelligence, data centers, and electrification, one promising solution lies beneath our feet.

• Region: North America
• Topics: Geothermal
• Date: Jan, 2025

Gradient Geothermal, a Colorado-based geothermal energy pioneer, has taken a significant step in bridging the gap between traditional energy production and sustainable practices.

• Region: Europe
• Topics: Geothermal
• Date: Jan, 2025

Across the globe, momentum is building behind geothermal energy. In the US, the Biden-Harris administration identified it as one of the crucial components of facilitating a carbon-neutral grid by 2035, recently committing a further US$31mn to six geothermal projects across the country.

• Region: North America
• Topics: Geothermal
• Date: Nov, 2024

Situated just outside of Hinton, Alberta, the groundbreaking initiative represents a major step forward in geothermal energy development. With construction set to begin in early 2025, the project will drive both sustainable energy solutions and agricultural growth.