North America

• Region: All
• Topics: Geothermal
• Date: 21 April, 2025

EXCEED Geo Energy has partnered with Peregrine Turbine Technologies for the deployment of EXCEED’s next-gen Infinity-Loop geothermal energy system.

• Region: Europe
• Topics: Well Intervention
• Date: 18 April, 2025

Fervo Energy, a leader in next-generation geothermal development, has announced a 15-year power purchase agreement (PPA) with Shell Energy North America (US), L.P., for 31 MW of 24/7 carbon-free geothermal power

• Region: North America
• Topics: Geothermal
• Date: 15th April 2025

A new report by the Organisation of Eastern Caribbean States (OECS) Commission highlights the role geothermal energy can play in securing greater energy independence for the Eastern Caribbean region.

The 48-page document — Power Below The Surface: Harnessing Geothermal Energy in the OECS — charts the path toward sustainable energy and highlights various projects currently taking shape across the island states.

These include Dominica’s advanced 10 MW plant development scheduled for completion in December 2025, to emerging projects in four other member states, Grenada, Saint Kitts and Nevis, Saint Lucia and St Vincent and the Grenadines.

Judith Ephraim, programme director, sustainable energy at the OECS Commission, called it a “significant milestone” in the region’s journey toward energy security and sustainability.

She also said the document placed on record for the first time the journey towards geothermal energy development from the Caribbean Small Island Developing States (SIDS) context.

“Whilst many islands have good potential for geothermal energy, the unique nature of geothermal and the circumstances of SIDS makes the development of geothermal a worthwhile undertaking, one which needs strong commitment, strategy and partnerships,” she said.

“It is therefore important to understand the steps taken so far to build on the knowledge base for geothermal ​development on islands.”

The booklet makes a case for geothermal energy’s particular viability in the OECS.

One of the Eastern Caribbean’s unique advantages lies in its volcanic geology, with eight out of 11 member states having volcanic origins suitable for geothermal development.

The publication also addresses key aspects of geothermal development, including environmental benefits, economic advantages and various technological approaches to geothermal power generation.

Ephraim said that the document — developed with support from the Caribbean Development Bank, the European Union and the Inter-American Development Bank, with contributions by energy ministries from some of the region’s countries — also serves as an educational resource, as well a strategic blueprint for policymakers, investors and energy sector stakeholders.

“By harnessing the heat beneath our feet, we can transform both our energy landscape and economic trajectory, reducing our dependence on imported fossil fuels while providing stable, renewable power to our citizens.”

• Region: North America
• Topics: Geothermal
• Date: 11 Apr, 2025

North Dakota recently passed a bill aimed at mandating a feasibility study on geothermal energy development in the state.

• Region: North America
• Topics: Geothermal
• Date: 9 April, 2025

The Colorado Energy Office (CEO) has awarded US$14.4mnin funding to advance geothermal heating projects across the state.

• Region: North America
• Topics: Geothermal
• Date: 09 April, 2025

Last month the World Bank Board of Executive Directors approved a project to support El Salvador in increasing its renewable electricity generation and to help harness geothermal heat for direct use.

• Region: North America
• Topics: Geothermal
• Date: 4 April 2025

Dandelion Energy has teamed up with American house builder Lennar Corporation on a partnership aimed at making geothermal heating and cooling the standard in new home construction.

• Region: North America
• Topics: Geothermal
• Date: 28 March, 2025

XGS Energy, a U.S.-based developer of next-generation geothermal power projects, has raised US$13mn in new financing to advance its proprietary water-independent geothermal technology. 

The oversubscribed funding included new investors Aligned Climate Capital, ClearSky, ClimateIC, and WovenEarth Ventures, alongside existing backers. This follows a previous 2024 investment round led by Constellation Technology Ventures, VoLo Earth Ventures, and Valo Ventures.

“We are excited to welcome new investors who appreciate the requirements of power infrastructure and understand how our unique technology unlocks a massive global development opportunity,” said Josh Prueher, CEO at XGS.

With this funding, Mano Nazar, ClearSky Senior Advisor and former Chief Nuclear Officer at NextEra Energy, will join the XGS Energy Board of Directors. "XGS’ advanced geothermal technology is uniquely positioned to deliver abundant energy to the grid faster than any other baseload energy technology at a time of unprecedented demand for energy resources,” said Nazar. “We are excited to partner with XGS to deliver on their mission of sustainable, reliable, and scalable geothermal energy.”

XGS has developed a modular, water-independent geothermal system designed to overcome the financial and geographical limitations that have traditionally restricted geothermal expansion. The company successfully conducted a shallow field test of its Thermal Reach Enhancement (TRE) technology in 2024 and is now operating its first commercial-scale well in California. This project has helped validate predictive performance models and accumulate critical operational data. The latest funding will help drive the development of XGS’ multi-gigawatt project pipeline, aligning with the growing need for baseload power solutions.

“As both venture and infrastructure investors, we evaluate every investment first and foremost through the lens of financeability,” said Peter Davidson, CEO of Aligned Climate Capital. “With its focus on minimizing exploration risk and optimizing for long-term predictability, XGS is systematically overcoming the barriers that have historically prevented geothermal from securing large-scale, low-risk project financing, unlocking a new era of geothermal scale.”

XGS plans to expand its workforce through the end of the year, growing from its headquarters in Houston, Texas, and will continue raising funds to support its growth strategy. “We are ramping commercial operations ahead of our planned growth equity round later this year, which will highlight the results of our first commercial-scale system plus our growing project pipeline,” said Lucy Darago, Chief Commercial Officer at XGS.

“We’re pleased to be partnering with XGS at this critical inflection point,” said Kevin Kimsa, Managing Partner at ClimateIC. “We are facing global energy supply challenges of unprecedented scale and urgency. The XGS team is uniquely primed to meet the moment, bringing together innovative technology and leading engineering talent with the deep experience in infrastructure development and financing critical to deploying large-scale energy systems at speed.”

• Region: North America
• Topics: Geothermal
• Date: 25 March, 2025

The Caribbean Development Bank (CDB), the UK’s Foreign, Commonwealth & Development Office (FCDO) and the Government of Grenada have signed a £10mn Memorandum of Understanding to support Grenada’s geothermal test drilling, further advancing the island’s green energy development.

• Region: North America
• Topics: Geothermal
• Date: 21 March 2025

The US Department of Defence (DoD) is exploring the possibility of developing “utility-scale” geothermal power plants to supply electricity to military bases in the United States and abroad.

• Region: North America
• Topics: Geothermal
• Date: 20 March, 2025

Philadelphia Gas Works (PGW) has released a Request for Proposals (RFP) seeking a firm to conduct a geothermal site survey and feasibility study in collaboration with the School District of Philadelphia (SDP).

• Region: All
• Topics: Geothermal
• Date: 17 March, 2025

Syntholene Energy Corporation (Syntholene) has signed a binding Letter of Intent securing 20MW of geothermal power in a bid to deploy the world’s first geothermally-powered synthetic sustainable aviation fuel (eSAF) plant module.