Latest News

• Region: North America
• Topics: Geothermal
• Date: 18 November, 2025

US-based Deep Fission Inc. is drawing on geothermal know-how and other proven techniques from across the energy sector as it develops a new approach to nuclear power.

• Region: NA
• Topics: Geothermal
• Date: 17th November 2025

Geothermal energy is rapidly emerging as one of the most promising solutions in the global shift towards cleaner, more reliable power.

• Region: Europe
• Topics: Geothermal
• Date: 14th November 2025

Sweco Group, a European architecture and engineering consultancy, is building up its geothermal prowess to add to its existing renewable energy capacities.

The company recently announced the acquisition of VHGM, a small Dutch firm specialised in geothermal energy consulting.

It will add net sales of SEK 22mn (US$2.3mn) plus around 22 experts to the group, a Sweco statement noted.

As well as geothermal, VHGM is also active in the aquathermal space, the sustainable heating and cooling of buildings by extracting heat and cold from surface water, wastewater or drinking water.

Because the Netherlands consists of a fifth of surface water, aquathermal is potentially deemed a major source for a sustainable way of heating and cooling homes and buildings.

The acquisition also follows news of Sweco signing a new framework agreement with Rijkswaterstaat, the Dutch government agency responsible for the modernisation and development of infrastructure and water management.

This entails providing engineering services for renewal projects over the next four to six years, to support major upgrades of primary infrastructure in the Netherlands.

In its recent Q3 results, Sweco reported “good demand” across the energy, infrastructure, water and environment segments of its business.

The interest in geothermal ties up with Sweco’s other areas of business, with a focus on clean, advanced infrastructure development.

One of the flagship engineering projects acquired during Q3 is the design of Finnish food company Fazer’s future chocolate factory in Lahti, which will operate without direct carbon dioxide emissions.

“Projects won during the quarter highlight Sweco's role in future-proofing societies and industries,” said Åsa Bergman, Sweco CEO, in a Q3 call with investors.

Sweco also announced a number of other acquisitions in Q3, including Fimpec Group, a Finnish consultancy that employs around 400 experts, with specialist capabilities in renewable energy, hydrogen, the bio- and circular economy, forest industry, batteries and critical minerals.

It also moved for Belgian consultancy, assar architects, a leading firm in large-scale public and private sector projects, including offices and commercial buildings, healthcare, defence, education and urban planning.

• Region: Asia Pacific
• Topics: Geothermal
• Date: 13 November, 2025

In a historic stride for Taiwan’s renewable energy sector, Baseload Power Taiwan has achieved a significant breakthrough-securing full tribal consent to explore and develop geothermal resources in Hualien County.

• Region: APAC
• Topics: Geothermal
• Date: 12 November, 2025

Indonesia’s geothermal landscape is set to sizzle as PT Barito Renewables Energy Tbk (BREN) ramps up the heat in its renewable ­energy arsenal.

• Region: Asia Pacific
• Topics: Geothermal
• Date: 10 November, 2025

The Asian Development Bank (ADB) has approved a US$180mn loan as the second additional financing to support PT Geo Dipa Energy (GDE) — an Indonesian state-owned company — to further boost the country’s geothermal electricity generation.

• Region: North America
• Topics: Geothermal
• Date: 6 November, 2025

Mazama Energy, Inc., has announced a major advancement in clean energy with the creation of the world’s hottest Enhanced Geothermal System (EGS) at its pilot site in Newberry, Oregon.

• Region: Europe
• Topics: Geothermal
• Date: 6 November, 2025

Vulcan Energy has received the construction permit for its upstream Lithium Extraction Plant (LEP), a key component of the company’s Phase One Lionheart Project in Landau, Germany.

• Region: North America
• Topics: Geothermal
• Date: 5 November, 2025

In a further example of how geothermal is now successfully attracting more innovative financing, Good Carbon Co. (GCC) has closed a US$20mn loan with NY Green Bank (NYGB), to support the installation of geothermal heating and cooling systems across its housing portfolio in the Buffalo region.

The facility — the first publicly announced Investment Tax Credit (ITC) transferability bridge loan for geothermal heating and cooling technology — allows GCC to further accelerate its mission of developing deeply decarbonised affordable housing.

It is expected to finance around 25 geothermal systems at affordable multifamily housing properties in the area, in New York State.

“This initiative demonstrates how innovative financing can accelerate the transition to clean, equitable energy,” said Adam Serbert, GCC’s President and CEO.

“By pairing federal Investment Tax Credits with sustainable technologies like geothermal systems, we’re enabling affordable housing communities to benefit from stable, carbon-free energy for decades to come.”

The intention is to grow multifamily affordable housing developments in the Buffalo area, boosting energy efficiency, cutting fossil fuel reliance and helping keep energy costs steady for residents in the process.

Geothermal systems leverage underground heat to provide highly efficient, carbon-free HVAC services to residents and are eligible for full federal Investment Tax Credits if construction starts by the end of 2033.

By unlocking federal Investment Tax Credits, the facility will accelerate deployment of clean energy solutions while supporting equitable housing and community benefits, a GCC statement noted.

The new facility builds on an existing loan between GCC and NYGB, which provided bridge funding for state-level clean energy incentives that GCC’s renovations qualify for.

“NY Green Bank is proud to support Good Carbon Co. on this pioneering transaction,” said Kelsey Clair, NYGB’s Managing Director, Investment and Portfolio Management.

“As the first publicly announced ITC transferability bridge loan in geothermal, this deal demonstrates the viable investment opportunity of geothermal heating systems in a residential setting while also ensuring that more New Yorkers can enjoy comfortable heating and cooling in their homes.”

• Region: Europe
• Topics: Well Intervention
• Date: 4 November, 2025

Clean Energy Technologies, Inc. has entered into a strategic collaboration with Qymera Global Energy Ltd. to advance and commercialize the DeepFyre geothermal power system, designed to deliver scalable, cost-efficient, zero-emission baseload power for island nations and emerging global markets.

• Region: Europe
• Topics: Geothermal
• Date: 3rd November, 2025

Aarhus, Denmark, has achieved a major milestone in sustainable heating as the first geothermal heat now flows into homes, marking the start of what will become the largest integrated geothermal district heating system in the European Union.

• Region: Europe
• Topics: Geothermal
• Date: 31 October, 2025

The DeepU project has announced its laser drilling technology is ready for field testing, marking a major milestone in the journey to unlocking affordable and sustainable geothermal energy.