North America

Maritime Geothermal Ltd., a long-established Canadian provider of heating solutions with more than four decades of experience, has secured a US$1.64 million investment from the Atlantic Canada Opportunities Agency (ACOA).

Vallourec and XGS Energy have announced a strategic supply chain partnership to support XGS’s 3 GW pipeline of commercial geothermal projects across the western United States

The US geothermal developer Controlled Thermal Resources has announced its subsidiary, American Data Power, will deliver a utility-scale energy complex to support data centres, advanced manufacturing and critical digital infrastructure in the US.

ABB has entered into an agreement with Fervo Energy, a Texas-based leader in enhanced geothermal systems, to supply advanced motor control solutions for the Cape Station geothermal project in Southwest Utah, USA.

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

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.

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.

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.

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

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.

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.

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.