Latest News

• Region: Asia Pacific
• Topics: Geothermal
• Date: 9th June 2025

Indonesia’s PT Pertamina Geothermal Energy (PGE) has reiterated its commitment to realising its installed capacity target of 1GW (gigawatt) within the next 2–3 years, and to 1.7GW by 2033.

The company outlined its latest plans to investors at its annual general meeting in Jakarta last week, unveiling net profit of US$160mn in 2024, against revenues of US$401mn.

“The positive financial and operational performance confirms the success of our sustainable business strategy in advancing geothermal development in Indonesia for the benefit of the wider community,” said Yurizki Rio, Director of Finance.

Currently, PGE holds 15 geothermal working areas with a total installed capacity of 1,878 MW.

Around 672.5MW is independently operated, with the balance, 1,205MW, managed under joint contracts with partners.

The installed geothermal capacity within PGE’s working areas contributes approximately 80% of Indonesia’s total installed geothermal capacity, making it an integral player in Indonesia’s energy transition plans.

PGE recorded increased production across several areas in 2024, including Kamojang (up 5.36% year-on-year), Lahendong (up 0.4%), and Lumut Balai (up 2.72%).

In total, electricity production reached 4,827.22 GWh, up 1.96% from the previous year, the company reported, citing a “stable and efficient” operational performance.

In a statement, PGE noted that it is “optimistic” it can increase its independently-operated installed capacity to 1GW within the next two years, and again to 1.7GW by 2033.

It also noted that the Lumut Balai Unit 2 project is expected to begin operations in mid-2025, which “will further strengthen PGE’s green energy portfolio.”

“This effort supports the transformation agenda of the national energy mix by increasing renewable energy generation capacity to 76% during the 2025–2034 period,” said president director, Julfi Hadi.

“We…remain committed to delivering our best performance in support of the national energy transition,” he added.

• Region: North America
• Topics: Geothermal
• Date: 6th June 2025

The Organisation of Eastern Caribbean States (OECS) has reaffirmed its commitment to advancing geothermal energy in the region at a high-level summit in Florida.

A panel at the 17th Caribbean Renewable Energy Forum (CREF), held in Miami, highlighted the growing viability of geothermal energy as a clean, reliable baseload power source for the Caribbean region.

CREF is the Caribbean’s largest annual gathering for clean energy stakeholders, including government leaders, utilities, investors and private firms.

Key projects highlighted included Grenada’s plans to commence exploration drilling in 2026.

“If successful, the 15-megawatt base load capacity [geothermal plant] will provide 40% of our energy supply needed for all households in Grenada,” said Kerryne James, Grenada’s Minister of Climate Resilience.

“It has been a long journey to get to where we are — two-and-a-half years sometimes feel like 10 — but we are staying the course.”

The need for innovative financing models and enhanced regional collaboration to accelerate deployment and shorten project timelines was also addressed.

James also highlighted the value of regional collaboration and capacity building through the OECS Geothermal Energy Capacity Building for Utilisation, Investment and Local Development (OECS GEOBUILD) programme.

“OECS, in the whole process with the GEOBUILD project, has been giving us the advantage and the environment for us to learn and grow from our regional partners. It has the potential of giving us not only energy security [but] the opportunity to redefine regional integration; redefine how we collaborate amongst ourselves in the region.”

Progress was also highlighted in Dominica’s ongoing development of a geothermal plant, expected to be completed by December, as well as forthcoming drilling in St Kitts and Nevis.

Mark Brantley, Premier of Nevis, stressed the significance of geothermal in enabling small island developing states to establish clean, dependable and sustainable energy infrastructure.

Other participants at the CREF event included clean energy equipment supplier, Exergy International and Dominica Geothermal Development Company.

• Region: Asia Pacific
• Topics: Geothermal
• Date: 5 June, 2025

Project InnerSpace, a nonprofit organization focused on removing barriers to large-scale geothermal development, has partnered with the Institute for Essential Services Reform (IESR), a leading energy think tank in Indonesia, to help accelerate the growth of Indonesia’s geothermal sector.

• Region: North America
• Topics: Geothermal
• Date: 4th June, 2025

Canada Growth Fun Inc. (CGF) has announced a financing commitment of up to CAD$138mn to be granted to Eavor Technologies to accelerate the development and commercial deployment of geothermal technology.

• Topics: Geothermal
• Date: 2nd June 2025

In a move hailed as a transformative milestone for West Texas, the Presidio Municipal Development District (PMDD) has signed a 110 MW power purchase agreement (PPA) term sheet with Exceed Geo Energy 

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

The Department of the Interior has announced that emergency permitting procedures have now been implemented to speed up the review of geothermal projects that pose critical for US national energy security and dominance.

• Region: Europe
• Topics: Geothermal
• Date: 29th May 2025

Denmark’s Innargi has outlined progress at its Aarhus geothermal project with Kredsløb, which supplies district heating to 330,000 people in the municipality.

• Region: All
• Topics: Geothermal
• Date: 28 May, 2025

According to new research by Wood Mackenzie, next-gen geothermal tech has the potential to transform the energy sector with its abundant power.

• Region: Asia Pacific
• Topics: Geothermal
• Date: 27 May, 2025

Energy industry giant ABB has outlined its keenness to play a role in growing Indonesia’s geothermal industry.

In a news article posted on the group’s website on 26 May, 2025, Abhinav Harikumar, Vice President ABB Energy Industries, Southeast Asia, highlighted the country’s huge geothermal energy  potential.

“Indonesia is harnessing its vast geothermal potential to drive a sustainable energy transition,” said Harikumar.

As one of the world’s leading geothermal-rich nations, the country is strategically integrating this clean energy into its national mix to bolster energy security, he added.

“Geothermal plays a central role in Indonesia’s National Energy Policy and is key to achieving its ambitious renewable energy targets, including net-zero emissions by 2060 and new pathways for economic growth and energy independence.”

ABB already has a strong track record in Indonesia’s geothermal sector through the Wayang Windu geothermal power plant operated by Star Energy.

In collaborations with companies like ABB, Star Energy retrofitted its cooling tower, with ABB upgrading the Distributed Control System (DCS) to boost capacity.

Another project within this plant involved the upgrade of Human Machine Interface (HMI) enhanced operational efficiency and safety of the plant’s operation.

Harikumar said such projects and collaborations were vital to underpinning the successful long-term growth of the sector.

“Realising geothermal energy’s potential requires clear strategies and industry collaboration,” he noted.

“Private sector collaboration is essential to advancing Indonesia's geothermal projects, with companies like ABB providing critical expertise in automation and electrification. These help to enhance efficiency and address challenges such as connectivity in remote areas.”

Given the high upfront investment for exploration and development, he also added that long-term partnerships will be crucial for scaling geothermal energy and ensuring projects become operational.

“As Indonesia pursues its 2060 net-zero target, maximising geothermal resources will be the key to its renewable energy transition – shaping a more resilient and sustainable energy future.”

• Region: Europe
• Topics: Geothermal
• Date: 26 May, 2025

Global investor Legal & General (L&G) has finalised a US$50mn investment with Landsvirkjun, Iceland’s National Power Company, through L&G's Institutional Retirement business.  

• Region: North America
• Topics: Geothermal
• Date: 23 May, 2025

In a major step forward for clean energy innovation, the Public Utilities Commission of Nevada has officially approved a pioneering partnership between Google and NV Energy. 

• Region: Europe
• Topics: Geothermal
• Date: 22 May, 2025

There exist numerous geothermal technologies exhibiting varying levels of maturity, that can operate on different ranges of temperature.